Online Credit Card Application
Getting a credit card application before was a bit difficult. You would have to call a bank, go there in person, and fill up very lengthy application forms. After submitting the forms, you would have to wait for the reply.
That was the traditional way, but many people are still going through that process every time they apply for a credit card. But what if you’re a busy person who can’t take the time off away from work to make an application? That is no longer a problem nowadays because of the internet.
A much quicker way is to secure an application online. However, there are those who are unsure, and are reluctant to make an application using that modern method because of security issues. There is no need to worry because credit card applications made online is just as safe as that made in a bank.
Most of today’s banks which issues credit card applications have their very own websites. All you have to do is to make a little research on the net and find the different websites of credit card issuers.
You have to be a qualified applicant, which means that you should not possess any of the disqualifications set by the bank. There are also independent sites which offer credit card comparisons to help you in choosing the best credit card to suit your lifestyle.
Once you visit a particular site and decide to make an application, you will usually find summary boxes which contain specific details regarding the different rates, charges, fees, cash advances, balance transfers, and other important facts. Most sites have links to their conditions, terms, and company information. This makes it a lot easier and quicker to make an application online.
In securing an application online, you would have to provide the following information:
1. Your name and address
You need to provide the company with your full name, birth date and marital status. The maiden name of your mother is often asked for certain security purposes. Your address and postal code is also needed. Contact details such as an email address and telephone number are asked.
2. Employment records and home ownership
Your employment status and occupation is important to a bank, and for you to qualify for a credit card application, you should be working for 16 or more hours every week.
Credit card issuers are interested to know if you own a house or if you’re renting one. Other information that they would often ask are mortgage payments, annual income, and what specific credit cards you have at present. This is needed to check your credit history for them to determine the risk involved just in case they approve your application.
3. Other services
Online credit card applications also offer their prospective clients additional services like household, travel insurance, protection insurance, and many more.
In case you’re making a balance transfer, you would need to provide details about your previous credit card.
Once you are finished in filling up the application form online, it would only take a couple of seconds to wait for the response. In most cases, additional information is asked before you are actually given a credit card.
You have to undergo this process before the bank issues a card. Although it requires a little amount of your time, for the bank it is a big deal already because they don’t want to be at great risk upon issuing a credit card.
WHy is it taking 30 days to get a response from an online credit card application?
I applied online yesteray for my first credit card and they said I would get a response within 30 days. Why does it take so long? Is it because I have no credit and it was a student credit card? Also, I said I had both savings and a checking account but right now I only have a savings but will be getting a checking account on Saturday. Is it ok that I said I had both a checkings and a saving? Will it make them reject my application? Are they eager to give a credit card to someone like me, a young person likely to give them money for interest? I am just anxious about the whole thing. I am going to be responsible with it because I am careful with all my money.
also I didn't know what they meant by residence when they asked rent or own? do they seriously expect me to pay for rent at this age? So I selected "Other" and put zero paid month;y for my residence because that is what I pay, I mean I help my mom out sometimes but thats it.
lol iceman, I said I made 6K a year because that is what I made in 2005
well it was labled a student credit card….being wary should be expected of them if they think this.
yeah it was CHASE
what is the purpose of advertising student credit cards then?? they are designed for people like me who have no creidt. thanks for not answering my question.
dude it means u do not have enough established credit or u have bad credit other than that they will let you know right then and there
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advice…..LIE… i got a $2500 max platinum card and im only 19 and can barely pay my bills and i work at a fast food joint
just put down you make around 40k a year..and your good to go :p
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the only thing more dangerous than someone with bad credit is someone with no credit. they are wary of you since you have no established credit, your a student blah blah blah. it takes them awhile to verify your status, residence, job (if you have one), and your account status. if you had established credit then it wouldn;t necessarily take this long to approve or deny your application. if you do get this one and are financilly responsible; when you apply for other cards in the future, the response time will be a lot quicker. basically, once they can pin you down, see you can make payments, you'll get it.
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my son, who is 21 and has credit already, got the same response from CHASE offer. but then in less than two weeks, he got his approval and card in the mail! just wait it out and good luck. credit is a necessary evil these days, but please, please, please…don't be foolish and spend foolishly. think before you charge anything, now or whenever. it's neat at the time to buy something at that moment, but the payments on your bill will arrive and you can pay forever!!! it does not feel good then!
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It ussually means you didn't get it but they say wait 30 days because someone (person not computer) is going to review you aplication and figure out if you deserve their card or not…if that was your first card aplication I say they'll say no because it sound like you did it with a big name company right?
when aplying for the first time you should go for department stores or jewelry places, once you have a credit card with a couple of those places wait a few months and than apply with a big company and you'll get it…well as long as you pay everything or a big portion of what you owe to the other places you got a card from…
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