Obtaining a credit card once was a time consuming business. You’d have to ring or even go into the bank of yours, fill out a lengthy form and wait for quite some time before you got a reply. Although some individuals continue to be using that method, there’s now a faster way, thanks to the Internet.
Just how can I Find An online Credit Card Application?
Most card issuers now offer online application for their credit cards. Finding one is as basic as doing an Internet search or visiting that company’s internet site. Furthermore, you can find a number of credit card comparison web sites that allow users to choose cards that match a selection of features after which you can apply. Credit card applicants are required to be UK residents and over 18.
Most online credit card applications now have a summary box which offers details of the rates that apply to cash advances, balance transfers, and purchases, the interest free period, fees and charges, how interest is charged and how payments are allocated. There’s also a link to the detailed terms and conditions. Once you have read these, it is time to fill in the application form. Here is the info that almost all credit card applications ask for.
Cardholder’s Name And Address
To start, you are going to need to give the name of yours. This’s often your full name – no hiding that unwanted moniker from the credit card companies. They’ll also ask about marital status and your date of birth. Credit card companies also ask for your mother’s maiden name for security purposes. Applications are just taken from the primary cardholder. Which means you cannot apply for a credit card on someone else’s behalf. Nevertheless, you are able to add yet another cardholder at the time of application or perhaps later.
You’ll also need details of your street address and postcode. If you’ve stayed at this address less than three years, you’ll also have to give your previous address and postcode. In essence, you have to display a three year history of the place you’ve lived. Other contact details required include a telephone number and an email address.
Home Ownership And Employment
Most companies want to find out whether you own or perhaps rent the home of yours and many could wonder about the dimensions of your mortgage payment. They will also want to know your occupation and employment status. Ideally credit card applicants should be working more than 16 hours a week.
They will additionally require annual income and bank details, including just how long you’ve been with the bank. Last but not least, you will have to list the types of credit cards you already have (Visa, MasterCard, Amex, store cards so on).
All of these help credit card companies establish what level of credit risk you’re and what credit rating you’ve.
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You’ll also have to have details of any cards that need to be transferred to your new credit card.
Once you’ve completed all these details, you basically have to hold out a little bit for a response. Some card issuers respond within a minute. It is well worth knowing that there will be some situations exactly where they will ask for additional information before issuing a credit card.