Edward Jones credit cards provide a way for investors to earn rewards while managing their financial portfolios. These cards offer benefits tailored to those with an Edward Jones investment account, making them a good fit for individuals who actively invest or plan to do so. If you’re considering applying, it’s important to know the credit score requirements and how to improve your chances of approval.
Before submitting an application, knowing how your credit history, income, and overall financial profile impact the approval process can help set you up for success. Whether you’re interested in rewards, investment perks, or business-related benefits, knowing what it takes to qualify can help you make an informed decision.
Credit Score Requirements for the Edward Jones Credit Card
A credit score of at least 670 is generally recommended for an Edward Jones credit card. This falls within the “good” credit range, which spans from 670 to 739. While meeting this threshold can improve your chances of approval, those with higher credit scores may qualify for better terms, such as lower interest rates and higher credit limits.
In addition to credit score, Edward Jones considers other factors, including your overall credit history, debt levels, and ability to manage credit responsibly. Applicants must also have an existing Edward Jones investment account or be willing to open one, as the card’s rewards program is designed to complement investment growth.
Edward Jones Credit Card Options
Edward Jones offers three credit card options to cater to various financial needs and preferences:
Edward Jones World Mastercard®
The Edward Jones World Mastercard® is a versatile option for individuals looking to earn rewards on everyday purchases. Cardholders can earn points for every dollar spent, which can be redeemed for cash back, gift cards, or to invest in their Edward Jones account. This card also offers travel benefits, such as travel accident insurance and concierge services.
Edward Jones World Plus Mastercard®
The Edward Jones World Plus Mastercard® takes rewards to the next level with additional benefits and earning opportunities. This card offers accelerated rewards on eligible travel and dining purchases, as well as a one-time bonus opportunity for new cardholders who meet the spending requirements. It also includes travel perks like complimentary airport lounge access and global Wi-Fi access.
Edward Jones Business Plus Mastercard®
Designed specifically for business owners, the Edward Jones Business Plus Mastercard® allows you to earn rewards on your business expenses. This card offers a competitive rewards rate on every dollar spent and provides additional benefits, such as employee cards with customizable spending limits and expense management tools. The rewards can be redeemed for cash back, gift cards, or investments in your Edward Jones account.
Credit Score Requirements for the Edward Jones Credit Card
As mentioned earlier, the minimum recommended credit score for the Edward Jones Credit Card is 670. This falls within the “good” credit range, which is typically between 670 and 739. However, a higher credit score will increase your chances of approval and possibly qualify you for better terms and interest rates.
Opening an Edward Jones Investment Account
To be eligible for the Edward Jones Credit Card, you’ll need to have an existing investment account with Edward Jones or be willing to open one. This requirement is in place because the card’s reward system is designed to help cardholders grow their investments. If you don’t have an account already, you can easily open one by visiting their website or contacting a local Edward Jones financial advisor.
Tips for Improving Your Credit Score
Boosting your credit score before applying for an Edward Jones credit card can improve your chances of approval and help you secure better terms. Lenders look at more than just your credit score—they also consider your overall financial habits. Taking a few key steps can strengthen your credit profile and put you in a better position for approval.
Review Your Credit Report
Mistakes on your credit report can unfairly lower your score. Check for inaccuracies with the three major credit bureaus—Equifax, Experian, and TransUnion—and dispute any errors you find. Even small corrections can lead to an improvement in your credit score.
Pay Your Bills on Time
Your payment history is one of the most important factors affecting your credit score. Even one late payment can cause a drop, so set up automatic payments or calendar reminders to stay on top of due dates.
Lower Your Credit Utilization Ratio
Using too much of your available credit can make lenders hesitant to approve your application. Try to keep your balances below 30% of your total credit limit, and if possible, pay down existing debt before applying for new credit.
Limit New Credit Inquiries
Each time you apply for a new credit card or loan, a hard inquiry appears on your credit report. Too many inquiries in a short time can lower your score and make lenders view you as a riskier borrower. Space out applications to protect your credit standing.
Diversify Your Credit Mix
A well-rounded credit profile includes different types of credit, such as credit cards, auto loans, or mortgages. Lenders like to see that you can manage various credit accounts responsibly, so maintaining a mix of credit can work in your favor.
Consider Professional Credit Repair Services
If you’re struggling with a low credit score and need help improving it, consider working with a professional credit repair service like Credit Saint. They have extensive experience in disputing and potentially removing negative items from your credit report, such as late payments, collections, and bankruptcies.
Credit Saint has helped many clients improve their credit scores and increase their chances of getting approved for new credit. Visit their website for a free credit consultation and take the first step towards a better financial future.
Bottom Line
By meeting the credit score requirements and improving your financial profile, you can increase your chances of approval for an Edward Jones credit card. A strong credit score, low debt levels, and a history of on-time payments will put you in a better position to qualify.
If you need to improve your credit, reviewing your credit report, paying down balances, and maintaining a positive payment history can help strengthen your application.
