Visa Card Application Approvals Depend On Good Credit

2007-03-08 10:33:40

( Financial )



The credit card is a highly efficient method for obtaining and granting loans. Credit card applications systems are highly developed. You can quite easily submit your discover card application, or citi application, visa card application and mastercard applications over the Internet.

When you submit a visa card application, you actually deal directly with one of the credit card issuers who is a member of Visa. Visa is a worldwide association of banks and other lenders. Although Visa coordinates the use of their brand, the individual members are responsible for issuing their respective cards. So, you may likely find that your visa card application is at the same time a citi application, since the latter is part of the Visa association.

Card applications typically require you to submit information about your income, bank accounts, other credit cards, recent addresses and social security number. The card issuer will then order a credit report on you and will usually verify your income with a call to your employer.

Your application itself is scored by the credit card issuer. You merit points for certain criteria, such as whether you own or rent your home, how long you have stayed in your residence, or how long you have worked in your present job, and the like. You also earn points if you have other cards issued to you: note that having too many cards may cost you points, but having no cards at all may cast doubts on your overall credit worthiness.

If your application scores a sufficient number of points, the lender turns to your credit report. The score on credit reports is the key to decisions to approve credit card applications.

You have nothing to fear if you have a clean credit report. If your credit report contains negative feedback, you can try a Visa card application for a secured credit card.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.