How To Apply For Credit Cards

Written by Jessica Duquette
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How to Apply for Credit Cards

The first step to getting a new credit card is finding the one you want. This may take a little research, but before you begin to ask for credit, you will want to make sure that you have found a card that has the right features and benefits for your particular situation. It's very important to review the small print when getting a credit card because a difference of a few points or higher annual fees and charges can end up costing you a lot of money in the long run.

Look for a good introductory rate, but make sure that it doesn't convert into a very high long-term rate. Three words of advice are to compare, compare and compare. If you have less-than-perfect credit, this is particularly important because you may be facing origination fees, annual fees, and other fees that can get really expensive. Some credit cards for people with bad credit even include a monthly fee in addition to interest charges.

The Application Process

Just because you get a notification in the mail that you have been selected to get a credit card does not guarantee that you will get one. If, however, the offer says that you are pre-approved, it means that you can have a card if you want one. The question becomes whether the card and terms they are offering are worth what it will cost.

On the other hand, you can do a search online and can make an informed choice based on what you read. Applying online is easy and you get an answer within minutes. All you need to provide is some basic information about yourself and your income, and the company will immediately run your credit. In most cases, you can have your card within a few days.

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