You can get a credit card from a bank, retailer or a consumer store. You will be able to purchase goods and services with your credit card. Every credit card comes with a certain credit limit based on the credit worthiness of the individual. Interest rates applicable on that credit card account vary between person to person. If you have a good credit history, your interest rate will be low and vice versa. Here’s how you can apply for a credit card.

Browse through the internet, review the personal finance magazines and newspapers to know about different credit card plans, low interest rate credit cards, and the terms and conditions.

Once you have a found out a suitable credit card according to your requirements, fill out the application form and if you want to apply online, you can do it on the internet. Make sure that the application form is endorsed by the credit card company and is an original document. Photo copies are not valid.

To apply on phone, call the toll free number of the credit card issuer of your choice. You can find the toll free number on the website of the credit card company, or through yellow pages, newspapers and magazines. Follow the automatic instructions on the phone when you call the toll free number.

Online applications for the credit card are much faster, easier and most preferred method. All credit card companies, financial institutions and stores have their website where you can fill up the online application form.

Compare the interest rates on the credit card and review the terms and conditions thoroughly before filling up the application form. You need to make sure that you are getting the best deals in terms of low interest rate credit cards, APRs, credit limits, interest free days, penalties, grace periods, schemes for cash advances and balance transfers, attractive offers and other implied costs.

Choose the credit card that suits to your requirements and search for applying options online.

Make sure that you have checked the pre conditions of applying, such as the documents that will be needed while applying for the credit card. Usually the credit card companies will ask for your driving license number, social security number, date of birth and address proof. You don’t need to have an account with the same bank from whom you are applying for the credit card.

Double check the information that you have filled in the application form, read the privacy statement before you click the “Apply” button.

You can apply for multiple credit cards if you want to. It is up to the credit card company that will decide whether to grant you credit cards or not. They usually issue new credit to those people who have a reliable financial background.

This entry was posted on Thursday, May 22nd, 2008 at 2:33 pm and is filed under Credit Card. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.