Guide to Applying For a Credit Card
If you are considering applying for a credit card, there are several things that you have to keep in mind.
Some people have the misconception that these cards are issued only by banks.
Though banks are the major organizations in this field, but there are several consumer and retail stores as well that can issue credit, cards to you for various purposes.
You can use these cards to make purchases up to a certain limit.
There are so many different types of cards in the market - the choices available to you are simply overwhelming.
Depending upon your specific needs and requirements, you can choose a card that is the most suitable for your case.
The following is a brief guide on how to apply for a credit-card.
The Basics When it comes to applying for a credit card, there are two easy ways to do that - you can either apply online or on phone.
However, before you go ahead and apply for it, you are strongly recommended to first do a thorough research.
You must know what options are available to you.
So, try to find extensive details on the various plans, the rates they charge, the limits they offer, the additional features (such as, rewards), and other terms and conditions.
You can find plenty of information about all this in newspapers, magazines, or on Internet.
Manual Application If you are applying for a credit, card manually, it is very important for you to make sure that the application you are filling is not a photo copy - it must be the original document, duly endorsed by the credit-card company.
Applying On Phone Every company has a toll free number for its customers.
So, if you want to apply on phone, you just have to give a call to the company on its toll free number (800-).
You can find this number at various places, such as magazines, newspapers, yellow pages, and on Internet.
Applying Online This is the most preferred method and is also the easiest and fastest one.
If you want to apply online, all you have to do is just to visit the official website of the company you want to sign up with and then fill out the application form.
Comparison Shopping Like with anything else, it always pays to do a thorough comparison shopping before applying for a credit card.
Compare different features offered by different plans, such as schemes for balance transfers and cash advances, grace periods, penalties, interest-free days, credit limits, APR, and interest rates (fixed or fluctuating).
Research your own requirements and then choose the one that suits the same.
The next thing that you have to do is to check the terms and conditions of applying, such as the kind of documents you will be required to submit along with your applications.
Such documents usually include address proof, date of birth, social security number, and driving license number.
However, you do not necessarily need to have a bank account in the same bank that is issuing where you are applying for a credit, card.
Some people have the misconception that these cards are issued only by banks.
Though banks are the major organizations in this field, but there are several consumer and retail stores as well that can issue credit, cards to you for various purposes.
You can use these cards to make purchases up to a certain limit.
There are so many different types of cards in the market - the choices available to you are simply overwhelming.
Depending upon your specific needs and requirements, you can choose a card that is the most suitable for your case.
The following is a brief guide on how to apply for a credit-card.
The Basics When it comes to applying for a credit card, there are two easy ways to do that - you can either apply online or on phone.
However, before you go ahead and apply for it, you are strongly recommended to first do a thorough research.
You must know what options are available to you.
So, try to find extensive details on the various plans, the rates they charge, the limits they offer, the additional features (such as, rewards), and other terms and conditions.
You can find plenty of information about all this in newspapers, magazines, or on Internet.
Manual Application If you are applying for a credit, card manually, it is very important for you to make sure that the application you are filling is not a photo copy - it must be the original document, duly endorsed by the credit-card company.
Applying On Phone Every company has a toll free number for its customers.
So, if you want to apply on phone, you just have to give a call to the company on its toll free number (800-).
You can find this number at various places, such as magazines, newspapers, yellow pages, and on Internet.
Applying Online This is the most preferred method and is also the easiest and fastest one.
If you want to apply online, all you have to do is just to visit the official website of the company you want to sign up with and then fill out the application form.
Comparison Shopping Like with anything else, it always pays to do a thorough comparison shopping before applying for a credit card.
Compare different features offered by different plans, such as schemes for balance transfers and cash advances, grace periods, penalties, interest-free days, credit limits, APR, and interest rates (fixed or fluctuating).
Research your own requirements and then choose the one that suits the same.
The next thing that you have to do is to check the terms and conditions of applying, such as the kind of documents you will be required to submit along with your applications.
Such documents usually include address proof, date of birth, social security number, and driving license number.
However, you do not necessarily need to have a bank account in the same bank that is issuing where you are applying for a credit, card.
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