Online Credit Card – prepaid application

Carrie Reeder asked:




If you’re a college student, you know how expensive books, movies and tuition can be. And if you only work during the summer break, you may be looking for a way to stretch your funds through the cold winter months. Fortunately, a student credit card can help. Find one with low interest and good terms, and you can charge during the lean times and then pay it off when you’re making money on your summer job. To get a student credit card, follow these guidelines:

1. Find some cards for comparison.

It’s easier than you think. Credit card companies often set up tables and booths at college fairs. You may even find fliers or applications around campus. And you can always find a student credit card with an online search. Be sure that the cards you’re considering are specifically student cards. Credit cards aimed at students tend to have more lenient credit score and credit history criteria, and they also tend to have lower interest rates.

2. Pick the one with the best terms.

Not all credit cards are created equal! Since your student credit card is probably your first, educate yourself a bit about the terms and jargon you’ll encounter. Choose one with a low interest rate, since that’s the “extra” amount your credit card will tack onto your balance each month. Look for one with a longer grace period, too, which is the amount of time you have to make a payment before interest begins accruing. Other things you should look for is a card with no annual fee and a low late payment fee.

3. Apply!

Simply fill out the application–either on paper, online or on the phone–and answer the questions on the form. You’ll need to reveal all the basics, like your name, current address and phone number. You’ll also need to provide them with a “permanent” address and phone number. The application will include lines for information about your school, your school’s address, your enrollment status and your year of graduation. It’s possible they’ll ask about your bank accounts and employment.

If you’re currently employed or have significant savings in the bank, chances are your line of credit–the maximum balance you can hold on your card–will be higher. But even if you only have a summer job, you should still be able to qualify for $500 – $1,000 in credit.

Thelma

E. Thomas asked:




Hey, applying for a Discover credit card online (or any card for that matter!) is an easy process. Fill out a one page application, and you’re pretty much done! But, credit card applications are designed this way for a reason: to make it easy for the consumer to get credit! But, do you know what you’re REALLY applying for?

Many people are looking for the best options in credit cards when doing their research. And there are some cards out there that are great. As a matter of fact, Discover is one of the companies that has historically offered great rates to their customers. But wait, is that all that matters?…a good interest rate? What should the consumer look for when applying for a Discover card online?

Can you say, Interest Rate?

Your interest rate should be a major factor in determining which credit card is right for you. It represents the amount of money you’ll pay, as a percentage, of the money that you owe on the card. Many consumers make the mistake of saying, “oh well, I’m going to pay off the card every month” or “I’ll only use it for emergencies” so they aren’t really concerned with the interest rate. They don’t read the fine print, and they don’t research or shop around.

I’m here to tell you: that is a mistake! What if your car breaks down, or you have to bail someone out of jail? (don’t laugh, it happens!) Then, you’re paying 20% on thousands of dollars that you didn’t plan on spending! Do you know what that amounts to in interest payments? Hundreds of dollars per year…and that doesn’t even include you’re “normal” spending on the card.

But if you’re applying for a Discover credit card online, you can rest assured that you’ll get a good rate, even if it’s your first one! Yes, credit history is a factor, but Discover’s rates are very competitive to other companies such as Visa or Capital One. Also, you should take into consideration any “rewards” that are associated with credit cards.

Rewards are described as any incentive that a credit card company offers to join up with them. Some typical rewards are cash back, free gas, travel miles, giftcards to your favorite stores etc. Basically, it’s a nice little “selling feature” to get customers in.

Now, rewards can be used to a consumers advantage, but NEVER EVER apply for a Discover credit card online just for the rewards. Finance companies are in it to profit, plain and simple. What you pay in interest on the card will far outway any “rewards” that you’ll get. But, if they offer a good interest rate and rewards, that may be the way to go! Just make sure you read the fine print!

Hopefully this shed a little light on different things to look for in a credit card. The Discover credit card online application is pretty self-explanitory and only take a couple minutes to fill out. However, make sure you shop around and only accept best card for your needs.

Jason

pinkstaxp asked:


Well i need to use paypal and when u add a credit card u have to wait till u see the verification code on the billingstatement. Is there a way to check ur billing statement online?

ETHAN

Jeff Moynihan asked:


With the advent of the Internet, the way we run our businesses has changed dramatically. It has made the world spin faster and no one wants to wait for anything anymore than few seconds to few minutes. Waiting for 300 seconds too long and it is frustrating. The credit industry tries to exploit this growing weakness of the society to market its products. They try to attract customers through instant online cards and online credit card approval schemes.

How does the online credit card approval system work?

Once you fill your application online for your choice of credit card your credit details will be verified by the system; if you have your credit history anywhere between good and excellent then you are certain to get your card application approved and you will be notified of your status through email. In case of poor credit, your application will be declined and this too will be notified of the status of the application.

Is it safe to apply online?

You have to be careful while you apply for any cards; stories on online card scams never cease. Try to identify reputable credit card companies before you apply for your card. If you suspect that the application is requesting unnecessary information then be warned and try to check on other online application forms to see whether they request similar information. Secondly, be cautious of the terms and conditions; double check everything before you submit the details. Many online card approval schemes demand security deposits. The range of security deposits vary from $200 to $600.

Is online card approval really useful?

The answer would be yes and no. It is useful because you know the status of your application for the card instantly, you will know whether your application has been approved or not. You save yourself from the painful period of waiting and also the frustration when your application happens to be declined. It is lot more helpful to be updated of the status even if it is going to be declined so that you can start checking out for other options.

Besides that, card applications to a great extent seem not to worry about the credit history. There are people who have got their application approved even without a good credit history. However, we are not sure whether those are some exceptional cases or whether that is the general trend with online card applications. For some strange reasons there are also people with good credit history whose applications have been declined. This can be due to various possible reasons including the inability of the system to access the credit history of the applicant at the time of the application submission.

Even though your application gets approved instantly you have to wait for your card to reach you through mail before you can start using it. This is yet another marketing gimmick from the credit cards industry.

Summary: Today it is possible to apply for credit cards online and know the status of your application through online credit card approval. You have to be extra careful while applying for your card online enticed by instant approvals, as you might become one of the victims of online credit card scam.



DARIN