Card Applications-The Ins, Outs, and In-betweens

2007-03-08 10:33:40

( Financial )



Getting a credit card has never been easy. Today, more than ever before, credit card companies are chasing each other to provide credit for the most number of people. The first step: credit card applications.

Card applications are easy to get. You may obtain a card application form from a credit office, or request for it over the phone and have it delivered to you. For major cards, such as when getting a visa card application or when filling out mastercard applications, and even for a discover application, you can access the forms online.

Check the Requirements
Before filling out forms for your credit card applications, it is important that you check the requirements. Make sure that you can secure and submit all requirements along with the application form. Most credit card companies do not process applications with incomplete requirements.

Giving Out Your Information
When you make credit card applications, the company will require you to divulge certain things about yourself. A card application form normally has four parts. First, you have to tell the credit company some things about yourself such as your full name, aliases, addresses, contact details, and civil status. If you are married, you will also have to fill in the second part of the application which requires your spouse’s information.

The third part of card applications is about your work. You will need your company’s name, complete address and sometimes even your boss’s full name. Lastly, card applications may require you to present other financial information such as your account numbers, with banks affiliated with the card you are applying for, and account numbers of your existing credit cards.

Truth and Verification
When filling out card applications, answer the questions in the best way you can. Do not give false information or misrepresentations. Your application will be probed. Credit companies conduct character investigations for each card application they receive, so be honest to ensure you pass.

So You Got the Card
Once you are approved, study the rates and fees you are paying. Gauge how the card can help you manage your finances. Credit cards do not give you the license to buy every thing; it just gives you flexibility in spending. Remember that whatever you charge, deferred payment or not, you will end up paying them all plus interest.


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