Those tempted with taking up the numerous credit card offers in the mail should be realistic about their chances of qualifying.  CEO of LowCards.com, Bill Hardekopf, suggests an increase in offers and credit card solicitations simply means the credit card industry is doing well.

Hardekopf said, “They are once again aggressively pursuing new customers, but this time around they seem to really be focusing on those with good or excellent credit scores."

Though applying for a new credit card these days may be more difficult, it is far from being impossible.  Those thinking of applying should first obtain a copy of their credit report and their FICO credit score.  Your credit score should guild an individual towards which type of credit card to apply.  Those with a lower credit score should check their credit report for mistakes or discrepancies and fix them when necessary.    Low scores can be detrimental for consumers looking for a good credit card with low interest rates. 

Hardekopf commented, “If your FICO score is 750 or above, you should apply for the cards specifically offered for excellent credit.  A score of 720 or above is considered good credit; 660 to 720 are acceptable."  Those with scores below 650 are considered the subprime category and will have much more difficulty in being approved. 

"Anything below a 650 FICO score seems to be the dividing line between prime and subprime," said John Ulzheimer, president of consumer education at Credit.com.  According to studies conducted by the company, approximately thirty five percent of consumers are in this category as of April.  Ulzheimer added, “Scores below 650 are there for a reason.  It's negative information, such as late payments, foreclosures, bankruptcy, tax liens, hitting your credit report and excessive credit card debt."

Hardekopf said, "Consumers should not waste their time and apply for a card for which they are not qualified. If you apply for too many credit cards at once, this is a red flag and may actually cause your score to drop."

Your credit card payment practices should also determine the type of credit card you should apply for.  Those who typically pay off their balance every month should go for cards with lucrative rewards programs.  Contrarily, cardholders who plan to carry a balance should seek out the card that has the lowest APR.