Posts Tagged credit card guide

Credit Card Application Guide

November 1st, 2009

credit card application guideMany 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.

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 hackproof.

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.

When filling out your credit card application, there are some important details that should be considered aside from your name and contact information like the query should you accept every offer or not, the possibility of hidden fees that can be quite expensive and the like

When you apply for a credit card no matter if it is online or through regular mail you have to fill in a series of personal information and answer a few questions. As with any other type of applications it is important to fill in all the spaces with accurate information especially since you sign the application and agree that the information submitted is true. Even if you fill in credit card applications online and you get approved it does not mean that you have instant access to the line of credit. But an application that is correctly filled in will definitely shorten the period of time from the moment you got approved and until you actually receive the money. If you fill in your credit card application online you should make sure the site is secure and you have a firewall. Remember you will be asked to provide personal information about yourself and your household, employers contact and others.

That credit card application can be found all over the Internet and at your local bank. The Internet is a good place to fill out an application for a credit card; however you need to be aware of the scams websites. If you want to be totally safe, you can go to your bank to see if they have available credit card you can apply for. When you find a company that has online bank, you can find applications for there credit cards through there website. The next time you want to apply for a credit card thats worth the time and can be explained about the charges, you should get one through a bank.

Negotiating For Better Credit Card Rates

November 26th, 2008

Are you unsatisifed with your credit card?   Do you find your current rates too high? If they are, they could be bringing the overall cost of maintaining it to pretty unacceptable levels. If you feel you’ve been a good cardholder – using your card responsibly and paying on time – you might be able to negotiate a better rate.

Calling up the issuer and bargaining your card’s fees down can sound like an intimidating process. We’ll be honest – it is. However, it’s not as complicated as you may think.

Check Your Numbers

Before picking up the phone, check if you actually have a shot at talking your rates down. If you have bad credit ratings from the bureaus, getting approved for a lower rate is unlikely, even if you’ve taken care of your credit card pretty well. If you’ve over-extended your limit a few times and have incurred more than one late payment in the last 24 months, your chances are significantly diminished – you likely won’t get it.

If you’ve checked and feel confident about your chances based on those two factors, its time to arm yourself with appropriate information. Run through some credit card sites to find similar cards such as yours and compare the rates. Make sure to take note of low-rate offerings – you can use them later in your negotiations.

Negotiating Tips

When you call the issuer and speak to a service rep, always be courteous and polite. Keep a professional tone. Let them know you’ve done your homework and found credit cards with better offerings – give them names and numbers, the more details, the better. If your credit score is good, be sure to make a point of it. Similarly, mention your track record of timely payments and responsible spending over the last 12 months.

In case the customer service rep denies your request, don’t threaten to stop using the card…yet. Ask for a supervisor, instead. Once they pass the call over to their superior, repeat the pitch. The supervisor should have more power to make the rate change happen. In case you still get a denial, it’s time to pull out the threat. You’ll likely be transferred to the account retention department, where you can repeat the same spiel, hopefully, for better results.