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Understanding the Credit Score Requirement for RBC's Credit Card: A Guide to the Process Online, on Mobile, and via Customer Service

The Royal Bank of Canada (RBC) offers an array of attractive credit card options, but to qualify, potential cardholders need to meet certain credit score criteria. This article will examine the requisite credit scores for an RBC credit card and provide guidance on how to accomplish this using the online banking platform, the mobile app, and customer service. All this information can help prospective users make informed decisions about their overall financial health and readiness for a credit card from RBC.

Credit Score Basics

Firstly, it is important to understand why credit scores are so significant. They are essentially numerical expressions of an individual's creditworthiness, calculated based on their credit history details. This number helps banks and other lenders quickly estimate the risk posed by lending to the individual.

In Canada, credit scores typically range from 300, the lowest possible score, to 900, the highest. Generally, a score of 650 is considered to be the mid-range point that lenders consider 'good.'

Credit Score Requirement for RBC Credit Card

While RBC does not explicitly state a minimum credit score requirement, it is widely asserted that a score of at least 650 is generally desired for an approval. However, RBC, like many banks, considers other factors beyond the credit score: income level, employment stability, financial obligations, to name a few. So a lower score does not necessarily result in denial, just as a higher score does not guarantee approval.

Checking Credit Score with RBC Online Banking

One way to determine your credit score is through RBC's online banking service. After logging into your account, navigate to your dashboard. There should be an option to view your credit score, giving you a clear number and breakdown of your credit history factors. Here's a step-by-step:

• Log into your Online Banking account.
• Navigate to the dashboard or account overview page.
• Look for the option to view your credit score (this might be in a "more services" section).

Checking Credit Score with RBC Mobile App

The RBC Mobile app offers the same services on a more convenient, portable platform, including accessing your credit score. After logging in, navigate to the 'More' menu and then tap 'View your Credit Score.'

• Open the RBC Mobile app on your mobile device.
• Log into your account.
• Tap on the 'More' menu option.
• Tap 'View your Credit Score' to see your credit score and related details.

Contacting RBC Customer Service for Credit Score Inquiry

If you prefer speaking to a person, RBC's customer service can assist. Give them a call at 1-800-769-2511. Prepare to provide any necessary verification information to safeguard your personal information.

• Call RBC’s customer service line at 1-800-769-2511.
• When prompted, enter your card number or social insurance number for identity verification.
• Speak to the customer service representative about your credit score inquiry.

Conclusion

Knowing your credit score especially before applying for a credit card, is crucial as it provides insight into your financial health and creditworthiness. RBC offers multiple ways to check your score - via online banking, mobile app, or by calling customer service. This way, you can take informed steps towards healthy financial habits and successful application for an RBC credit card.