Peerfear.orgFear for no peers!
Getting A Credit Card In An Instant
Getting a credit card used to be a time-consuming business. You'd have to ring or go into your bank, fill out a lengthy form and wait for quite a while before you got a reply. Although many people are still using that method, there's now a quicker way, thanks to the Internet
Getting a credit card used to be a time-consuming business. You'd have to ring or go into your bank, fill out a lengthy form and wait for quite a while before you got a reply. Although many people are still using that method, there's now a quicker way, thanks to the Internet. How Do I Find An Online Credit Card Application? Most card issuers now offer online application for their credit cards. Finding one is as simple as doing an Internet search or visiting that company's website. In addition, there are several credit card comparison sites that allow users to select cards that match a range of features and then apply. Credit card applicants are required to be UK residents and over 18. Most online credit card applications now have a summary box which gives details of the rates that apply to purchases, balance transfers and cash advances, the interest free period, fees and charges, how interest is charged and how payments are allocated. There is also a link to the detailed terms and conditions. Once you've read these, it's time to fill in the application form. Here is the information that most credit card applications ask for. Cardholder's Name And Address To start with, you will need to give your name. This is usually your full name, no hiding that unwanted moniker from the credit card companies. They will 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 only taken from the principal cardholder. This means you can't apply for a credit card on someone else's behalf. However, you can add an additional cardholder at the time of application or later. You will also need details of your address and postcode. If you have lived at this address less than three years, you will also need to give your previous address and postcode. In essence, you need to show a three year history of where you have lived. Other contact details required include a phone number and an email address. Home Ownership And Employment Most companies want to know whether you own or rent your home and some may ask about the size 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 also require annual income and bank details, including how long you've been with the bank. Finally, you'll have to list the types of credit cards you already have (Visa, MasterCard, Amex, store cards and so on). All of these help credit card companies establish what level of credit risk you are and what credit rating you have. Other Credit Card Services Many online applications forms offer you the chance to take up additional services such as payment protection insurance, travel insurance, household insurance and much more. You will also need to have details of any cards that need to be transferred to your new credit card. Once you've completed all these details, you simply need to wait a short while for a response. Some card issuers respond within a minute. It's worth knowing that there will be some cases where they will ask for additional information before issuing a credit card.