Introduction
Applying for credit cards is quite an easy process as long as the applicant has met the threshold set by the issuing institution. Credit cards are issued by banks, consumer stores and retailer outlets, these facilities allows the card holders to access products and services on credit for specific limit, time span and interest rate. The wide variety of credit cards allow the applicant to decide which card they want to apply for, this is also determined by the requirements of the applicants who will be using the credit card. Previously applying for credit cards required the applicant to be physically present at the facility, however with the technological advancement it’s possible to apply for credit cards through the online services. Anyone wishing to apply for credit cards should be aware of the following process.
Step 1
Get information about credit cards plans, items and rates, this information is easily available from most of the issuing facilities, newspapers magazine and over the internet.
Step 2
Online applications are some of the easiest, most preferred and fastest methods for credit cards applications. Credit cards facilities which have online services usually have a site dedicated to the service, all you need is to go online and look through the various financial institutions, stores and different banks.
Step 3
Compare the different features such as fixed interest rates, APR, credit cards limits, interest free days, grace periods, balance transfers and schemes.
Step 4
Check different preconditions that are required for credit cards such as social security number, driving license number, address proof and date of birth. Most banks don’t require one to have bank accounts nor maintain minimum bank balance.
Step 5
Phone applications are conducted by calling the toll free numbers offered by the issuing facilities. The numbers are usually found in the yellow pages and on webs sites affiliated to the particular company or bank. Phone applicants should follow the automatic instructions that you hear when you call the number.
Step 6
Applicants who don’t want to use online phone and online services for credit cards applications should fill out paper applications. Ensure that the paper application is endorsed by credit card company that is will be issuing the card, the application form should be original and not a photocopied document. Once you fill in the required details, go through them again with a fine tooth pick to be sure that information provided for credit cards applications is correct, carefully read the privacy statements and click on "Apply’’.
Tips
It’s possible to apply for multiple credit cards if you choose, however the authority to issue the cards rests with the facility offering the cards. The facility responsible for credit cards issuance will determine whether the applicant deserves to get multiple cards or not.
The following are important issues to consider when applying for credit cards:
- Only apply for your credit cards though authentic and secure websites mostly these are sites put up by the credit card issuing authority.
- Consider applying for credit cards which are suited for high school students, cards that offer airline miles, hotel discounts and other fringe benefits which can enhance your credit card experience.
- A good credit history goes a long way in to ensuring that your application for credit cards is approved hence avoid defaulting in bill repayments when they are due.
