How to apply for a credit card online.
Most major credit card issuers allow customers to submit an application for a credit card securely online.
Whether you are looking for a basic credit card, a cash back credit card, store credit card, or a rewards credit card, chances are that you can apply online.
So how do you apply for a credit card online?
First do research and find the best credit card for your needs. One advantage to online credit card browsing is that you can easily compare many cards at once and read the fine print for each credit card.
Keep in mind that sometimes if you apply for multiple credit cards at once that this can reflect negatively on your credit report. Or you might apply for multiple cards at once and realize that you’ve been turned down for the one you really wanted, ending up stuck with one other than your top pick.
Ideally apply for just one card in a 6 month time period. Most credit card issuers will automatically consider you for another card in their roster if you don’t get approved for the higher tier one you applied for.
Next you’ll want to read over the application and the card details on the application. This way you’ll know the interest rates that you might be approved for as well as possible limits and fees.
Most credit card applications require personal and financial information. These generally include your name, current address, current employer, household income, date of birth, and social security number.
Many applications will also require you to answer a few questions about your credit history and if you have any balances that you’d like to transfer.
Have all this information on hand before applying to save time and make the process easier. Most people will find that an online credit card application can be filled out and submitted in less than 5-10 minutes.
Some credit card companies will make a credit approval in 60 seconds or less online. If approved in this case you’ll see your potential credit limit, the card you are approved for, and when you’ll receive the card.
Instant approvals are subject to change of course but many people prefer instant notification so they don’t have to sit and wait for a letter or apply to more cards.
Other credit card companies or certain credit cards may require further consideration before an approval is given. On those applications you can expect to wait anywhere from a week to a few months to see if you are approved for the card and what the terms will be.
Overall online credit card applications are the best way to apply for credit. They are secure, save time, and allow you to shop around easily. Instant approval applications can give you an idea of what your limit and card will be like and only online applications really facilitate this speedy response.