Have you ever received an offer in your mailbox from a credit card company informing you that you have been pre-approved for a new credit card? And if you complete the form and post it back to the company it will often be several weeks before you hear back from them. Even then it can be several weeks later that you actually receive your plastic. Such a slow process and by no means safe, with regard to identity theft and security. So it’s no surprise that many of us have turned to applying for a credit card online. And as it happens the credit card issuers love it.
Apart from the obvious benefits of the speedy process of applying for a credit card online, the security is much better, it is far easier to make comparisons between cards, so you are more likely to choose a card that fits your needs, and from the issuers point of view, the cost of servicing their clients is cut by 72%. A win-win situation for us all.
Those individuals with a good credit score can expect to be approved for a credit card with the best APR and terms without any problems, and within a few hours. However, those who are not sure of their credit rating should certainly find out before applying for a credit card online. not only will this allow you to go for the credit cards you will most likely qualify for, but will save processing time into the bargain. So get yourself a credit report first of all. Then once you have examined your report and you will now have the same information about yourself that the credit card issuers will base their approval decision on. If there is anything you can correct which is having a negative effect on your credit report, then do so now. If your credit rating is below 575, you should consider repairing your credit before you begin the process of applying for a credit card online. If you are not sure what card you should apply for use our Card Finder Report here.
So hopefully you have now perused your credit report, and decided which credit card that best meets your requirements, then you are ready to begin the process of applying for a credit card online. Make sure that you have read all the small print relating to the offer you have chosen, and thoroughly understand the rates and any fees, including the APR, so that there wont be any surprises later on. Also be sure to verify that the website you are using is encrypted. Look for https in the URL instead of http. The standard encryption for a secure website is SSL 128-bit. If this is the case, your application form will be in a secure environment which will connect you directly to the issuers computer, so the information you pass over the Internet will be encrypted and therefore useless to anyone but the credit card company. Make sure you complete ALL the details on the application form as accurately as possible. The important details will be with regard to your social security number, income, birth date, occupation, etc. Once you have completed the application, form you may submit it for approval. In some cases you will receive a response on screen within seconds, or if not you will be informed by email within the near future.
Applying for a credit card online has never been easier. There is no need to wait around for weeks or months for an answer, now you will have your response almost instantly. There are many hundreds of credit card issuers competing for your business, so take the time to compare what the different companies have to offer so that you can get the best terms.