How to Apply for a Credit Card

A credit card is a card issued by a bank, retailer or consumer store, which allows purchase of goods and services on credit for a specific limit, interest rate and time period. There are a variety of credit cards to choose from, depending on the requirements of the person. You can apply for a credit card online, through paper application or by phone. Here's how to apply for a credit card.

Difficulty: Moderately Easy

Instructions

1. Find out information about credit card plans, rates and terms on the Internet, in personal finance magazines and in newspapers.

2. Fill out the paper application for a credit card of your choice, if you do not want to apply online. Ensure that the application is endorsed by the credit card company and is an original document, not photocopied.

3. Apply on phone, by calling up the toll free (800) number of the credit card company of your choice. This number can be found online, through yellow pages, newspapers or magazines. Follow the automatic instructions that you hear when you call the number.

4. Apply online, which is usually the easiest, fastest and most preferred method of credit card application. Go online and search for the different credit card options offered by different banks, financial institutions and stores.

5. Compare the different features as regards the fixed or fluctuating interest rates, APR, credit limits, interest-free days, penalties, grace periods, schemes for cash advances and balance transfers, attractive offers and other implied costs.

6. Choose one to suit your requirements and search for applying options online.

7. Check for the preconditions of applying, such as a driving license number, social security number, date of birth and address proof. Usually, there is no need to have a bank account in a specific bank, nor do you need to maintain a minimum bank balance.

8. Fill in the details, double check the information included, read the privacy statement and click on "Apply."

9. Apply for multiple credit cards if you choose. However, the authority to issue of all these cards simultaneously rests with the issuer, who will first ensure whether you have a reliable financial background.

Tips & Warnings

• While applying, consider aspects such as credit cards suited for students (high school and college), cards offering airline miles, hotel discounts and many more added benefits.
• Ensure that you will get the best deal by directly contacting the issuing authority in case of any misgivings about their several proposals.
• A good credit history will improve your chances of getting approved for a credit card, so don’t default in paying your bills.
• Apply through authentic and secure Web sites, usually through the Web site of the credit card issuing authority.

[creditmaster]

on 9/17/2009 This is a wonderful post on how to apply for credit cards and the comments above listed are some great credit cards to apply for.

I would strongly suggest anybody and everybody to carry at-least one credit card for emergency purposes. One such credit card is...

0% APR (for 12 months) credit card offer from Bank of America
0% Balance transfer for 12 months
No annual fee
Standard APR: 8.24% - 18.24%

www.bestcreditcard.googlepages.com

or

If you'd rather apply by phone, just call 866-438-6262
Priority code: UAAJVY
IBO reference number: 5549488
Citizen:Yes
Status:Employed (150K + 60K)

[credit-cards]

on 8/18/2009 Apply for credit cards, balance transfer credit cards, student credit cards at http://www.CreditHalo.com

[roygrubb]

on 3/11/2008 so far the only guaranteed card we've seen is listed on this site http://click.linkstattrack.com/zoneId/181835