Online applications for credit cards have become very easy and hassle-free these days. Just a few clicks will help you compare various cards, check eligibility, and finally apply for one. Here is a step-by-step guide that will take you through the online credit card application process.
Know Your Credit Score Before You Apply for a Credit Card This will let you know what cards you might be approved for. Get your free credit score: AnnualCreditReport.com Free Credit monitoring services, such as Credit Karma or Credit Sesame .
Rewards Credit Cards: They award cash back, points, or miles for purchases. Balance Transfer Cards: They have low or no interest when transferring existing debt into them.
Secured Credit Cards: Such cards require a security deposit and are great in building or rebuilding credit.
Student Credit Cards: These credit cards are designed for college students who have limited credit history.
Here are some useful resources you can compare:
NerdWallet
The Points Guy
Bankrate
Most card issuers permit you to see in case you might pre-qualify for maximum of their credit playing cards. On this procedure, there can be a tender test in opposition to your credit; it will not harm your credit rating. Pre-approval provides you with a sense of the likelihood of approval.
Wherein to Test for Pre-qualification:
Capital One
Discover
American Specific
Gather all the information you would need at the time of application:
Personal Information: Full name, date of birth, Social Security number, contact information.
Financial Information: Employment status, annual income, and monthly housing payment.
In the process for an online application for a credit card, one would follow the following steps.
Access to Issuer's Website: Log on to the website of the credit card issuer you have chosen.
Card Selection: Choose the credit card you would want to apply for and click "Apply Now".
Application Form Filling: Fill all personal and financial information correctly.
Review and Final Submission: Check your information for accuracy and submit it.
They will verify your credit history as well as your financial information that was provided to them through your application. This may take anywhere from a few minutes to a few days. Upon review, they mail you their decision through email or via mail. If approved you would be mailed the credit card within 7-10 business days.
Once your card arrives in the mail, activate it according to the issuer's instructions. This usually requires a toll-free call or activation online.
Online applications for a credit card are pretty easy to execute, requiring only a few steps. You can boost your potential for approval by first checking your credit score, researching options, getting pre-qualified for offers, and then putting in a well-prepared application. Just use it well to build up and maintain good credit with your new credit card.