Requirements to getting a high limit 250k 0% Interest Credit Card

Author

Ryan Chen
February 17, 2025

In partnership with

Hi there,

Welcome to Loancater’s weekly newsletter. This is approximately a 4-minute read.

In today's newsletter, we’re going to go over the approval criteria for getting a high-limit credit card


We are going to go over…

  1. How does your banking relationship impact the approval

  2. How does your credit history impact the approval 

  3. Why you should not spam apply

Schedule a FREE strategy session with us here (link) or apply here (link) for a business loan.

Actionable Tips

Getting approved for a 0% credit card is quite simple - as long as you hit certain parameters you are good to go.

  • 700+ credit

  • Under 30% utilization

  • No missing payments

  • You did not get rejected in the last 5 years at the issuing bank

  • Under 5 inquiries 

Use this sheet for a more in-depth answer (link)

👁 Credit Report Course Here

Check out this free credit repair guide that’s better than most $500 companies (link)

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Get the best business loan in the market here (link)

✔ Clients Who Worked With Us In The Past

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⭐ Different Types of Loans

Type of funding product available in the market (link)

How Your Banking Relationship Impacts The Approval

Any bank that provides a 0% interest credit card will take into account where you keep your checking balances. That’s because if they see your deposit history they can be certain that you have inflow to cover the debt service but also because they can resort to taking that if a missing payment occurs.

How Your Credit History Impacts The Approval

Your Credit History shows the underlying bank if you will make payments on time or not. That’s why even if you have an accidental miss payment it has such a massive impact on your final approval. Many of these banks have automatic underwriting in place that automatically declines your application for any missing payments. However, if you have a relationship there they can usually take a look and get around a 30-day late payment.

Why You Should Not Spam Apply

Spam applying here means applying to every 0% interest credit card at all the different banks and card products they have. This is extremely ineffective because #1 the banks with multiple 0% products will see you apply for all of their products and #2 you will start to build up inquiries for each application. #3 If you get denied because you applied before you were ready and needed a credit repair you won’t get approved for the next 5 years.

How I Can Help You

If you like this newsletter and want to work with me, there are a few ways we can do so:

  1. You can apply for a business loan here (link)

  2. You can apply for credit repair by emailing [email protected] “I want credit repair”

  3. You can apply for a free 30-minute strategy session for credit card processing & ACH  here (link)

Or,  you can reply to this email.

I reply to absolutely everyone.

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