Getting Your Credit Card Online
An application for credit cards traditionally takes weeks, even for credit card offers that arrive in the mail pre-approved. These days, the Internet has made everything much easier. With online application, you will get an approval within minutes. Of course, you will also get a rejection within minutes too.
Immediate Response If You have Good Credit Ratings
For those of you with good credit, you will not have any problems being approved online for a credit card at all. Competitions for credit cards are very cutthroat and low interest credit cards are readily available. The APR or interest rates for such cards can sometimes range below 7%. However, these low interest credit cards are often designed for people with excellent credit ratings.
If you are unsure of your credit ratings, you should check out your credit yourself before applying online. This is because the online banks or lenders will retrieve and scan through your report when you apply online. Every disapproval for a credit card adds to your bad ratings. Make sure you routinely check your credit ratings. At the minimum, check your credit status twice a year, to know where you stand.
Applying Online for that Credit Card
After you have looked at your credit report and determined how good your credit rating is, you can apply online for an immediate approval. No matter which credit card company you apply for online, they will ask for your personal information, such as name, phone number, social security number, age, employer etc.
Please read the terms and conditions carefully before filling out the application online. You should review the APR or interest rates, as an introductory low interest rate on the credit card may only be applicable for the first 6 months. After which the interest rates can rise back to above 10%. This is important to note. After entering the application, the bank will pull your credit report using your social security number.
Things to Note for Online Application
Always use a secured/encrypted website for credit card application. If the bank or lender does not have a secured website, or it has a unnecessary long website address, this should raise some eyebrows. You are sending personal information and should always be extra careful. You do not want to be a victim of identity theft.
The other thing to note for online application is the availability of information and comparison sites for credit cards. You can easily find reviews or comparison on websites via Google or Yahoo. These sites allow you to easily compare the features and benefits of each card before application. You should make use of these services, as they earn a commission from each approval they sent to the credit card issuing banks or lenders.
If you have been approved, you can expect to receive your credit card in the mail in a few days. Applying for a credit card online is the preferred way to receive a credit card as the respond time for approval is amazing. There are hundreds of online credit card companies looking for your business - which gives you tons of choices when choosing the right credit card for you.