Applying for Credit Cards Online

In the olden days, about 10 years ago, before the internet, consumers would have to fill in applications for credit cards, loans, mortgages and so on by hand. It's hard to believe now, but this lengthy process was the norm, with requests for extra documentation and references going backwards and forwards, until finally the application was accepted or rejected. These days with the advent of the Internet an application can validated, accepted and a credit card or loan offered with minutes.

The availability of credit card comparison engines has revolutionised the way people look for the credit cards. It means that when comparing credit cards a consumer can make very quick and meaningful comparisons very quickly. Consequently, they can compare the credit cards pertinent to their needs and identify the best card for them. It means that for things like balance transfers, the best available product can be found with relative ease.

Credit cards can be compared accurately using the typical APR or Annual Percentage Rate. Credit card companies are required to produce a typical APR figure under new regulations. It is an attempt to standardise the way a card can be promoted and to reduce the scope for misleading headline rates of interest. Credit card companies are required to include things like interest charges, penalties, annual fees and so on, in their calculation. It is the first thing to look for when comparing cards as it is the rate that balances will revert to when offers like 0% on purchases and 0% balance transfers expire.

A credit card can be applied for online with great ease, particularly if the appropriate information is to hand. You will need details of your address for the last three years and any existing borrowing commitments. Also, details of your employee and current salary are usually required. Once, all the relevant details have been entered the bank will usually give an indication of their decision with minutes. The decision will either be an acceptance, referral or rejection.

However, do not get carried away making multiple online applications as this can have an adverse effect on your credit rating. Do not fall into the trap of thinking that if you make many applications at least one will be accepted. All you will be doing is making it more difficult to get an application successfully processed.

All in all, there can be little doubt that the process of choosing a credit card and having an application accepted has been greatly improved with the advent of the Internet. Make use of the many comparison engines to identify the best credit card offer for you. Then use the online application process to complete the application.

Neil Brown has contributed to many sites including articles on 0% credit cards and balance transfer credit cards.

---

Choosing the Right Credit Counseling Agency for You ? Some Tips Part 2

Credit counseling companies come in all shapes and sizes. Whether... Read More

Online, Phone, U.S. Mail or In-Person: Where is Your Credit Card and Personal Identify Safest?

Identity theft is the fastest growing crime according to the... Read More

Beat Credit Card Companies at Their Own Game!

Have you ever wondered how much money a credit card... Read More

Why Is It important!

Your credit is the most important thing you have other... Read More

Credit Suicide

Few things influence the home buying process more than your... Read More

Repairing Your Credit Score and Clearing Derogatory Marks on Your Credit Report

Raising your credit score can be a fairly simple and... Read More

Like It Or Not, You Have A Score To Settle!

Like It Or Not, You Have A Score To Settle!... Read More

Using Credit Cards Wisely

"I think money was stolen from my card" or "I... Read More

Identity Theft - Dont Think You Are Immune

As identity theft becomes more prevalent, the need to regularly... Read More

Identity Theft ? Guard Your Childrens Social Security Numbers

Identity theft is a growing concern among Americans, and rates... Read More

Credit Cards for Home Business

It is wise for you to have a company credit... Read More

Trade Credit: How to Determine if You Should Offer Net-30 Terms to Your Customers

What is trade credit?One of the major differences between consumer... Read More

Applying for Credit Cards Online

In the olden days, about 10 years ago, before the... Read More

Trying to Land a Job? Poor Credit Scores May Hurt Your Chances

Many employers are now looking at an applicant's credit report... Read More

Types of Credit Cards

There are a whole variety of different types of credit... Read More

Credit Cards Can Help You Get Out Of Debt

Your credit rating / credit score is based upon how... Read More

Maximizing Credit Card Rewards

In their quest to get you to sign up for... Read More

Some Truth About Credit

Credit is currently and has been historically an integral component... Read More

The Art of Stoozing to Make Money from Credit Cards

Make Money from StoozingStoozing, this is a sophisticated method of... Read More

What is Credit Card and Debit Card Blocking?

Have you ever been told you were over your credit... Read More

Small Business Credit Cards

So what do you look for when applying for a... Read More

The Right Way To Credit Repair

If you have a bad credit rating, then you might... Read More

What You Need To Know About Credit Cards

What is a credit card? A credit card is... Read More

How A Prepaid Debit Card Can Help You Rebuild Your Credit

Consumers today are up to their eyeballs in debt. And... Read More

How a Credit Card Can Be Your Friend

We have all heard countless stories of people over their... Read More

Why Does FACTA Matter to Me?

FACTA stands for Fair and Accurate Credit Transaction Act. FACTA... Read More

How You Can Help Prevent Identity Theft

How can I prevent Identity theft from happening to me?... Read More

The Hazards Of Your First Credit Card

You probably don't need me to tell you credit cards... Read More

How To Choose A Credit Card

Your credit score may just be a little number, but... Read More

What is a Credit Report?

Ever wondered what is a credit report? If you've ever... Read More

Choosing the Best Low Interest Credit Card

With so many low interest credit cards on offer, how... Read More

Credit Card Debt: One Way To Avoid It

One of the biggest problems people have in these modern... Read More

Understanding the Process of Credit Counseling

Many of us have seen the advertisements on television. "Get... Read More