How to Apply for a Credit Card

While applying for a credit card these days is as easy as filling an online form for a few seconds and pressing the submit button, getting approved is a whole different matter. It requires planning, foresight and patience. In this case preparation is more important than execution, the following steps will help you immensely in the process of applying for your credit card.

Make sure that your income information is correct

This is one of the most important rules in applying for a credit card. If you falsify your income information, You could be charged with credit card fraud which carries the penalty of heavy fines or significant jail time. It also helps the credit companies asses your ability to make your payments on time.

Lower or reduce your debt

You should strive to keep your credit card balances low, high credit balances damage your credit score significantly. You need to come up with a sound plan to pay all your existing balances as fast as you can. This will significantly improve your credit rating.

 Choose your options carefully

If it is your first time applying for a card, it will be difficult to get approved for one if you have not sorted your finances out. Every time you get rejected for a card, it damages your credit card score making it even harder for you to get approved for a credit card in the future. It is the smart thing to put your financial affairs into order by settling your debts and working to increase your income.

Our advertising partners offer repayment duration of 12 to 120 months. I.e. 8000 in 48 monthly payments to the 4.50% rate. amount tot. due: 8,756.64; APR max: 10:50%