CardMarch – The Online Tool Offers You The Best Credit Cards
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Credit card bonuses provide a great opportunity for consumers to earn cash back rewards and airline miles for purchases they already make. Therefore, it’s no surprise that more than half of adults in the United States use at least one reward card.
But while credit card bonuses can often be lucrative, it can be difficult – and time consuming – to find the best deals and decide which card is right for you.
The CardMatch tool helps clear up some of this confusion by using your credit score to match you with the best credit card deals you’re eligible for. It’s a quick and easy way to find targeted cash back and travel rewards offers, especially if you have a good credit score.
We explain exactly how the CardMatch tool works, along with a few things you should know before you get started.
What is CardMatch?
CardMatch is an online tool that helps you match with credit cards you may be eligible for. The tool uses your credit score to find credit cards for which you are prequalified and for which you could likely be approved. Based on your credit score, CardMatch can also help you find great credit card signup bonuses, including airline miles and cash back rewards. .
How does CardMatch work?
The CardMatch tool uses your personal information to find the credit cards that might be right for you. When you use the online tool, you enter information such as your first and last name, your address, the last four digits of your social security number, your professional status and your monthly housing payments.
Using the information you provided and a smooth credit check, the CardMatch tool will display the credit cards that might be right for you. First, it will share which cards you have prequalified for or are likely to be approved for. Moreover, it can share targeted offers with better bonuses and signup rewards.
You can use CardMatch on CreditCards.com (which is owned by the same parent company as NextAdvisor.)
Will CardMatch Affect Your Credit Score?
When you use the CardMatch tool to get credit card recommendations, it performs an indirect investigation on your credit report. This credit check provides the information you need to make accurate recommendations, but it doesn’t negatively impact your credit. Minor inquiries do not affect your credit score because you are not applying for credit.
However, if you follow the recommendation of the CardMatch tool and ultimately apply for a credit card, the credit card company will perform a credit check to make sure you qualify.
“The soft pull won’t hurt your credit score,” said Andrea Woroch, a nationally recognized consumer credit expert. “It’s when you file your final claim and have a hard time that you’ll see the impact on your credit score. Lots of inquiries can be a bad sign for lenders, so if you are planning to buy a home or make another major purchase soon, be sure to add inquiries to your credit report.
Serious inquiries stay on your credit report for two years, but they likely won’t impact your credit for more than a few months. In addition, inquiries for the same type of credit within a short period of time appear as one firm request. So if you apply for multiple reconciled credit cards, the impact on your credit score won’t be as bad.
How accurate is CardMatch?
CardMatch is able to recommend the best credit cards to you based on a smooth credit check. If your true credit situation matches what the CardMatch tool finds out, chances are the recommendations you receive will be correct.
However, since the CardMatch tool does not thoroughly examine your credit report, some negative ratings may not appear in their search. You might find yourself in a situation where missing information causes the CardMatch tool to recommend a card for which you are not actually eligible.
One strategy is to use the information from CreditMatch to do your own research. You can review the recommended credit card and investigate its credit requirements. Then you can run your own credit report to make sure there is nothing that could prevent you from being eligible for the card.
It’s also important to remember that while the credit cards recommended to you on CardMatch may be tailored to your credit score, they are not the only cards available.
For best results with the CardMatch tool, think of it as a piece of the puzzle. Be sure to perform your own credit check to ensure the tool’s recommendations are correct and do your own research.
“Understand that there may be cards that are not on CardMatch,” said Joshua Strange, chartered financial planner and president of Good Life Financial Advisors at NOVA. “Don’t assume they’re going to cover the entire universe of cards. Some of the best credit cards for you might not appear there. Don’t limit your search to what’s on CardMatch.
Before you start using the tool, think about what you hope to get out of a credit card. Do you travel a lot and therefore travel rewards are right for you? Or are you planning to make a large purchase and could you use Cash Back? The tool can direct you to cards that you’re likely to be approved for, but it can’t tell you which one is best for your lifestyle.
When you know what type of reward you want (usually cash back or airline miles), you can proactively seek out cards with bonuses that match your financial goals.
What is a targeted credit card offer?
Targeted credit card offers are a tool that credit card companies use to entice creditworthy borrowers to purchase their cards. Targeted offers often include special signup bonuses which may be higher than what you might find elsewhere. Businesses often target a certain type of borrower, such as those with higher credit scores.
“Offers may differ based on your qualifications,” said Beverly Harzog, consumer credit analyst and credit card expert at American News and World Report. “If they find you particularly creditworthy, they might offer you a better sign-up bonus. It is one of the promotional tools that credit card issuers use to target the best customers. There is a lot of competition between the credit card companies.
Harzog also informs you that if you have a high credit score, you may still be eligible for these signup bonuses, even if you haven’t received a targeted offer.
“If you’ve seen an offer someone else has received and it’s a much higher sign-up bonus, you can call the credit card issuer and tell them you want to apply for the card. and that you would like this bonus, ”Harzog mentioned. “If you have great credit, you have a good chance of success. “
The CardMatch tool can simplify the credit card buying process by using your credit score to find targeted card offers for you. Think of it as another tool in your toolbox and use it to examine your options.