by 
The Curious Bag
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A list of credit references on a rental application provides supplemental information about an applicant's finances that a landlord takes into account when deciding to approve a lease.
Features
A typical rental application asks for a person's bank account information and at least one active credit card. Also the application will likely ask about previous, pertinent judgments, such as if the applicant has ever had an eviction or foreclosure on a previous property.
Function
Ultimately, the landlord wants evidence that the tenant can afford to pay for the dwelling. Having money in the bank and a credit card n good standing as well as a credit history free of serious problems, such as a lien, gives the impression that the individual is likely to pay on time.
Considerations
Not all rental applications ask for or require a credit reference. Some may want one for cross-referencing with a credit or tenant-screening service report.
Other References
When listing credit references, people should remember to provide examples not related to a bank, such as store credit cards and statements from utility bills.
Tips
Part of the creditworthiness of a person includes how long they have used credit. People should list credit references that they have had or known for a while (at least 12 months), if in good standing.
Source:
TotalRealEstateSolutions.com: Application for Rental
Bills.com: Steps you can take if you are asked for credit reference to rent
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