Apply For A Credit Card

Written by Kathleen Gagne
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There are two primary ways to apply for a credit card. You can either fill out a paper copy of an application, or you can apply for your credit card on the Internet. In either case, the issues are basically the same. The credit card vendor will give you credit based on personal financial information you provide. When you apply for a credit card online, it's important to ascertain whether the website offers a secure link to protect your private information.

Shop for a Credit Card Online

First you have to decide what type of card you want and how much credit you need. You will have your choice of dozens of vendors, most of which offer multiple options. Some of these options include the brand name of the cards they offer. You can choose from Visa, MasterCard, American Express, and Discover, as well as a wide array of gas cards and other specialty cards.

Whenever you shop online, you have the advantage of being able to compare rates and benefits much more quickly than you would if you started calling local banks to find out about their cards. It makes sense to take some time to compare the cost of getting the card in the first place as well as annual costs and the interest rate you can get. You should also compare features and benefits. Some cards allow you to transfer balances from other cards at very low interest rates for a limited amount of time. Still others offer you travel insurance features and discount features.

Be aware that every time you submit an application for a credit card or other credit, it will affect your credit report. If you have a limited income and no past credit history, you should look for a card that you are likely to get approval for. That means possibly passing up a card with a $20,000 limit that you know is beyond your ability to repay. By applying only for a card for which you can easily qualify, you will be building a solid credit history.

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