Pinklight asked:


If you apply for a credit card online, and it does not give you an instant result…but rather says they will notify you with a decision in 5-7 days and gives you a reference number….that is basically a denial correct?

HARVEY

Stephen Chua asked:


Many people will head down to the local office of the banks or credit card companies when they want to apply for a credit card. If there is a long queue, they will have to wait in line for their turn to submit their applications. Alternatively, they can call up their customer service hotlines and request for an application form to be mail to their home addresses.

As more and more households have access to the Internet, these card issuers begin to offer online credit card applications. This method allows them reach a broader base of potential customers, especially the younger generation that is more computer savvy.

Online applications offer several advantages over the traditional way of applications. Here are three of them:

1. Convenience

This is probably the number one reason why online applications are preferred over the traditional ways. There is no need to travel to the bank and queue in long lines. Thus no extra time is wasted and there is no travel cost to deal with. All you need is a personal computer with Internet access.

2. Access to a wide range of credit information.

Traditionally, if you want to review credit cards from different card issuers, you have to visit each of their offices separately or call up different hotlines to request for their application form. With the Internet, you can do it with just a few clicks. There are many legitimate credit card directories on the Internet that offer you detail description for a wide selection of credit cards from different card issuers. Some of these online directories even offer free tips on credit management.

3. Shorter Turnaround Time

Since everything is computerized and automated, the processing of the application is usually much faster and more efficient. By simply clicking a button to bring up the application form, you can fill it up on your computer screen and then click another button to submit it. Unless there are issues with your credit history or errors on the form, you can expect to get your application approved in matter of days instead of weeks.

However, online security remains the primary concern for many Internet users. Contrary to belief, online application is actually very safe and secure. The card issuers spent huge amount of money each year to ensure that their computer system is secure and hack-proof.

To have a safer experience, you should only make your online application from your personal computer. Avoid public places such as an Internet cafe. In fact, you should not be doing any high security transaction from any computer located in public places.

Online application is safe and easy. Once you have experienced the convenience, it is unlikely you will return to the old ways of applying for a credit card.



CLAYTON

Andy Owen asked:


We get credit card applications via mail, and we all know how they work. While many credit card offers in the mail are already approved in advance, you still have to wait weeks and weeks to get a response. These days are long past. The Internet makes everything easier and a response to an online credit card application takes minutes, not weeks and weeks.

If you have good credit, you will be approved with no difficulties. Cards with better terms and prices will be available to you. Before you register online, you need to know how good your credit is. You can always get a free online report and check this yourself. If you do this at least twice a year, you will always know where you stand with your credit.

There is no better time then now to check your credit, particularly if you don’t know it or it has been a long time since you last checked it. Resolve any aspects of the report that are not beneficial. Remember that being rejected for a credit card can affect your Credit Score as well, and plays an important role in future offers.

After reviewing your credit report and making any necessary improvements, you can apply online for an immediate answer. Regardless of the credit card company you will be asked questions like your name, phone number, Social Security number, age, employer and income.

When filling out an application for a new card always check the terms and conditions. Look at the APR and make sure there are no surprises. After submitting the application, with your social security number, they will pull your credit report and use it to decide if you are eligible for a card.

Before filling out an application online make sure the site is encrypted. The standard SSL encryption these days is 128-bit, which will ensure that the information is protected. If the site is less than 128 bits, it is possible for others to steal your data – which could lead to identity theft.

An online credit card application can provide a response within minutes. If you are approved, it can be as little as a few days before you receive your card. If you are not approved you will be mailed the reason why. With so many online choices it is easy to find an instant credit card application that is best for you.



LOWELL

Nicholas Makaryk asked:


Credit Card offers come in the mail everyday. They all claim that you are pre approved to receive a credit card. All you have to do is call the number to apply. The problem is that once you have called, you spend weeks, sometimes months to receive notification that you have been approved or denied. This has led to the development of online credit card applications. When you apply online, you receive an answer within minutes instead of waiting long periods of time just to find that you have been denied.

A person who has good credit should have no problems obtaining a credit card online. Often you will find that credit cards online have better rates than other card companies. It is important that you know what your credit score is before you apply and using the Internet to find it is very fast and easy. Many sites offer free credit reports for consumers.

It is recommended that you check your credit report at least twice a year to catch any discrepancies.

When you are denied a credit card, it will show on your credit report. This can further damage your credit rating. It is important that you fix any problems that do not look favorable on your credit report. This may not be as simple as it sounds, however it is very important that you take care of it as soon as possible to avoid any further damage to your credit rating.

When you know what your credit score is, you can go online and apply for the appropriate credit card. It takes minutes to get an answer.

All credit card address, telephone number, social security number, age and income and employer. Failing to provide any of this information will result in a denial of the credit card.

It is important that you understand all of the terms of service before you apply for your Credit Card . Once you have signed the contract it is legally binding. You cannot claim that you did not understand.

The TOS will be listed on the site that you choose. If it is not, choose another site. The most important aspect is to know what the APR is for the card that you are applying for.

It is important that you research the site that you are applying to. You will be giving your personal information online, and you want to make sure that it is a secure site.

An encryption of anything less than SSL 128 bit is leaving yourself open for identity theft. This encryption level is the standard and is considered to be “hacker proof.” Thereby ensuring that your information is safe and secure.

When you have finished filling out the application, double check it to make sure there are no errors. Once you send it, you will have your answer within minutes. Most companies will notify you on screen; however, some will send an answer in the mail. If your application is denied, than you will receive notification and the reason why.

When your application is approved, you will receive your card within a few days. It is sent through the mail and available to use upon activation.



ORLANDO

Bestcreditcardratings asked:


The last time you applied for a credit card, how long did it take? If you did a mail-in application through the postal service, you might have waited weeks or even months to learn whether your application was approved or denied. You can save yourself a lot of time and paperwork if you choose an online credit card application instead.

Some people are reluctant to apply for a credit card online. They worry that their information might not be secure, or that it might not be kept confidential. While identity theft is a growing crime, the chances of your data being stolen when you apply online for a credit card is slim to none. Banks have some of the most advanced security systems available. After all, a data breach would be a public-relations nightmare that would potentially cost the bank millions of dollars. It’s in their best interest to protect their customers’ information. To do your part, make sure that the computer you’re using to fill out the application has been checked for viruses and spyware.

When you first see the online credit card application, you might be surprised by how similar it is to written applications. Both types of forms will ask you to provide your contact information, household income, and personally identifying details to prove your identity. You will need to supply information about your home or rental history, as well as the length of your current employment. If you’ve been at your residence or job less than six months, you’ll be asked questions about your previous home and employer as well.

Some online credit card applications will ask details about your gross monthly income and outgoing expenses. All of them will require your Social Security Number so that the creditor can check your credit report for past delinquencies and defaults. All of the questions on a credit card application are used to form a picture of your creditworthiness. If you’re a good candidate for credit, you’ll soon receive a notice of approval and a new credit card. If your credit score needs improvement, you’ll be declined for now.

The advantages of applying for a credit card online are numerous. First, it’s fast and easy. Second, it doesn’t require you to keep up with paperwork that could get lost in the mail. And, finally, some creditors give special promotional deals when you fill out an online application. These can include lower interest rates, reward points, or even a free gift.

When you apply for your next credit card, don’t be afraid to apply online. The security is good, and the speed and convenience make it worthwhile. To compare instant approval credit cards, visit BestCreditCardRatings.Com. You’ll have an answer in seconds!



JAKE