of Your Employed Status When Applying for a Credit Card
Did you realize that once you
take the plunge into the world of being self employed, it can make it
much more difficult to be approved for a credit card? If you haven't quit
your day job, and you think you might need a credit card (or cards to
supplement the ones you currently have), you should apply for them BEFORE
you give your notice.
Once you become self employed,
you become a greater credit risk to the bank unless you have a proven
income return from your business, something you are not likely to have
when you are just starting out.