Apply Online for a Credit Card

When you apply online for a credit card, you will be asked many questions. Knowing your information can help speed the process along. Getting the online application filled out correctly can make a big difference in your APR and line of credit.

Apply Online for a Credit Card: Questions

Applying online for a line of credit can make getting a credit card easier than ever. With virtually no waiting for a response, you'll get instant approval on your credit application.

Before you apply online for a credit card, you should do a few things. First, make sure your computer is protected with virus, firewall, and other anti-spyware. This way, your personal information cannot be stolen. Although the sites are protected, what you type into your personal computer may not be. You should also be prepared to answer personal questions so that a credit check can be run.

Other information to have on hand when applying for most credit cards online:

  • Full name, address, and phone number
  • Date of birth
  • Mother's maiden name
  • Citizenship information
  • Housing information (monthly rent/mortgage, length of occupancy and so on)
  • Income information, including whether you have a checking or savings account

This kind of information is standard on most credit card applications, like MasterCard, Visa, and Discover.

Optional information can also be added to influence a higher credit line or better APR. This includes employer contact information, e-mail address, student status, additional household income (e.g., child support or spouse's income), and sometime information regarding a second cardholder on the same account.

Why Online Applications Are Better

Online applications offer convenience, first and foremost. They are easy to fill out, and you do not have to remember to mail something in to the company. If you choose to submit an e-mail address, you often can get additional information regarding your application quickly and easily. There is no chance for your application to get lost in the mail or stolen in route to the company.

Speed is one of the best reasons to apply online for a credit card. Most companies offer an initial response within seconds. No waiting for the mail, no waiting for information to be entered and processed, and then waiting for a response. Although you may not know what your line of credit or your interest rate is, those who apply online with no application problems often get at minimum an automatic "yes" or "no" response.

Important Information to Consider

Before you apply for a credit card online, take several things into consideration.

First of all, do not apply for a card that is sent to your e-mail address unsolicited. This kind of "spam" e-mail is often from companies that have similar Web site addresses to the actual credit card company, but will steal your information.

Secondly, realize that every time a company runs your credit history, you can suffer a point loss. Therefore, when applying for new credit cards, try to do them within the same week or so. This will minimize the hit to your credit score.

Finally, make sure you read all of the terms and conditions of credit cards you are applying for. Often, different interest rates apply to cash advances, and introductory rates expire. You should know the way APR is calculated for the card you are applying for, as well as the finance charges and late charges.

Applying for a credit card online is a great way to get a line of credit fast. Making sure you have the right information and knowing some quick tips about credit applications can help make the process easier.

Apply Online for a Credit Card