There are more than a billion credit cards in circulation in the US, and more attractive offers coming up everyday.

But how do you know if it’s smart for you to apply for a credit card? 

We’ve created a simple framework that addresses not only what lenders use, but also what’s good for your long-term financial health. 

Here are the four steps you’ll go through:

  • Step 1: Do you really need credit?
  • Step 2: Do you meet minimum requirements credit card companies typically look for?
  • Step 3: Is another card affordable now?
  • Step 4: Does your credit profile show responsible credit behavior?

Take this quiz to find out the answer for you.

By law you’re always entitled to apply for credit. This guide is for information purposes only.

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