Jamie Hanson asked:




Credit cards are the best way to make payments these days. Instead of carrying huge amount of cash in your pockets, its best to carry a credit card where you can make instant payments. Moreover it is quite handy and easy to carry. Credit cards are issued by any financial institution or banks and facilitate the user to purchase goods and services on credit. The bank or the financial institution charges some amount as interest on the money that the user borrows for sometime. Usually the rate of interest charged by these banks is comparatively higher, so credit cards are normally used to make a small purchase and for short time. There are several financial institutions in Australia that have a top reputation. These banks are highly reliable and organized, though the credit cards offered by them may not be the cheapest but they provide excellent customer services and other credit card benefits to its valued customers.

One needs to be eligible for Credit Card Application in Australia and to qualify for the eligibility here are the following pre-requisites set by the law:

- You must be of 18 years or above.
- You must hold Australian citizenship or must be a permanent resident of Australia or you should have Australian visitor visa that is not expired.
- You will need to submit several important and official documents like your income proof showing your gross annual income.
- Your bank credit ratings must be strong enough for credit card approval.
- You will have to submit all the necessary information like your personal details, your employer details etc.
- You will also need to submit your present property papers and its estimated value.
- If you have borrowed any kind of loan, you must submit the details of the present loans.
- If you have done any investments and savings, you need to submit its details with account number and current balance.
- Investment details like value of shares, car, furniture, property and other assets also need to be submitted.

Moreover, if you are a new user, you need to provide your complete personal details at the time of credit card application. You can submit any one of the several documents like Australian Drivers License, Age proof, Birth Certificate, Pension card or Citizenship documents including your photograph. Thus, by submitting all these important documents to any reputed financial institution, you will surely get a credit card approved to help you live a comfortable life.

To improve the chances of credit card approval, one needs to do the following. You can check your bank credit rating by yourself. You will get immense help from various websites or online banks that offer you all the necessary information regarding your credit card approval. You should be careful while submitting your financial data and must recheck all the official documents thoroughly. You must be working in the same company for at least twelve months. Your bank statements should reflect positive and smooth money transactions which show your capability to save and pay. The bank will be sure that you are able to repay your credit debit. If the bank rejects you for credit card, you can resubmit your credit card application after six months and before dong so you can contact the bank and discuss the issues why you were declined earlier. Rectify your mistakes and resubmit.

Tony

Josh Riverside asked:




Banks and their associates are now competing with one another to provide a quick and easy credit card application process. There are two common options for bank credit card applications – online format and paper copy format. Banks’ disclosure statements provide all information regarding the costs and the terms of repayment.

By entering a few simple answers and providing financial details at a safe website, you can get a response to your application within a minute. An online application is the fastest and easiest way to receive credit cards. It is also one of the safest ways, as it protects personal financial details. There are a number of card types available. You can easily choose a card that matches your needs.

Banks’ websites usually display a list of their credit card types, interest rates, special promotions and credit limits. Many of them indicate the level of credit you require. For instance, a credit card with a high limit may need good credit, but in case of a student card, past credit history is not required. Generally, a person who is 18 years of age or older can apply for a card with any U.S. bank.

Most bank applications accompany two statements: ‘pre-selected’ and ‘pre-approved.’

In the case of ‘pre-selected’ statements, a person receives credit based on the details he provides on the application and depending on a succeeding credit report. In the case of ‘pre-approved’ statement, the person is granted credit just as he fills out the application and demands. But, he would not obtain as much credit as he desires.

Theodore

Joseph Kenny asked:




Lots of folks have questions about credit cards but may feel shy about asking for fear of being seen as not savvy. Here’s a list of frequently asked questions about applying for credit cards to bring you up to speed on what you need to know about the credit card application process.

Can I apply for a credit card?

In general, if you’re 18 years of age or older (the age limit may be lower in some states) and are a U.S. citizen, you have the legal right to apply for a credit card with any U.S. bank or financial institution.

Do I have to have a bank account to get a credit card?

In most cases, credit card companies won’t consider issuing credit to someone that doesn’t have at least one bank account in their own name.

Do I have to have a bank account with the bank that issues the credit card?

No – in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn’t matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a ‘security deposit’ of a certain amount in the institution chosen by the credit card issuer (usually their own bank).

Can I apply for more than one credit card at a time?

You can apply for as many credit cards as you want, but you should be aware that multiple credit card applications can affect your credit score negatively. You should shop around to find the best rate you can on a credit card, then apply for ONE credit card.

Do rejected applications hurt my credit score?

My favorite store just offered me 20% off anything I buy today if I fill out a credit card application right now. Even when I told the girl that I had bad credit and wouldn’t get approved, she said it didn’t matter. It doesn’t hurt anything to apply – is that true?

See above. Every time you fill out an application for a credit card, you’re giving the company permission to request a credit report from one of the credit reporting agencies. Those requests are kept on file on your record for anywhere from three to five years, and the number of requests are just one of the things that determine your credit score. If you’ve applied indiscriminately for any credit card offer you see, it could lower your credit score and make it more difficult to get a loan when you really need one.

What should I look for when filling out a credit card application?

Read all the fine print on the contract. If you’re filling out an application online, make sure you click on links to read the terms and conditions. If you’re not careful, you may end up signing an agreement to pay an application fee, a processing fee and/or an annual fee – which they’ll happily charge to your new credit card and start collecting interest on immediately.

You may freely reprint this article provided the author bio and live links are left intact.

Bernard

Tom Tessin asked:




If you’ve never looked a credit application before, it’s best that you know exactly what’s on that application and how you can apply properly. Whether it’s your first credit card or you’ve just simply forgotten the procedure, this article will guide you through the application process on what you can expect when you fill out your application online.

Before you apply for your first credit card as a student, you must meet the following guidelines, if you don’t meet these guidelines, you may have to apply for another credit card or if you’re under the age of 18, you will have to wait.

- You must be at least 18 years of age. There is no exception to this rule. Credit cards are intended for adults. If you’re not an adult, you can’t apply, it’s the law.

- You must be a valid US citizen with a valid social security number. Credit card companies will check your identity. If something seems fishy, they won’t distribute the card to you. Make sure that you have a valid social security number and that you’re a valid United States citizen.

- You must be in college. The purpose of a student credit card is that it’s designed for college students. If you’re not a student, then you’re not going to get approved. As long as you’re going to college, you’re going to get accepted most likely unless your credit is bad.

If you meet the above requirements, you’re probably ready to start applying for your credit card. Most applications are very similar and ask the same exact question. Overall, there are not that many credit card companies. In fact, there are only four major companies. Below, you can find what to expect on your credit card application.

- Your full name, date of birth, your current residency, and as mentioned above, you will need to supply your social security number.

- Your telephone number along with a valid e-mail address and your current and previous address. If you don’t have a previous address, you can simply leave this blank.

- The college you’re attending, what class you currently fall under (freshman, etc), and the location of the college as well.

- Your job details, how much you make, where the job is located, the company name.

The only difference you’ll see with a student credit card is that they will ask for school information. If you find yourself applying for another type of credit card that isn’t college student related, you will find that they won’t ask for this information. When filling out your credit card application, make sure that you’re completely honest. If the company finds that you’re lying or trying to manipulate their system you may find them sending you a rejection letter and/or they might contact the local authorities, if you find yourself having to lie to get a credit card, simply don’t do it. When you finally receive your credit card, remember to be responsible and safe.

Travis

caramelcoo88 asked:


I am 18-years-old and I have a credit card with Capital One credit card, which I have not made the first payment on, so I don’t know if I have credit yet. By the way. Capital One sent me this credit card offer through the mail with a reservation number, so I was instantly approved. But, I have applied for a Amazon Credit Card, a CitiBank, a PayPal Plus, and each one keeps telling me they can not process my application right now, and they will send me their decision in a few days to 30 days. What does that mean? Could it be that they don’t have any information on me, as far as my credit history is concerned, because I just got a Capital One credit card. I hope this means that, and not that I’m not approved. Please, tell me what this usually means.
Thanks in Advance.

Sue

Joseph Kenny asked:


Lots of folks have questions about credit cards but may feel shy about asking for fear of being seen as not savvy. Here’s a list of frequently asked questions about applying for credit cards to bring you up to speed on what you need to know about the credit card application process.

Can I apply for a credit card?

In general, if you’re 18 years of age or older (the age limit may be lower in some states) and are a U.S. citizen, you have the legal right to apply for a credit card with any U.S. bank or financial institution.

Do I have to have a bank account to get a credit card?

In most cases, credit card companies won’t consider issuing credit to someone that doesn’t have at least one bank account in their own name.

Do I have to have a bank account with the bank that issues the credit card?

No – in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn’t matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a ‘security deposit’ of a certain amount in the institution chosen by the credit card issuer (usually their own bank).

Can I apply for more than one credit card at a time?

You can apply for as many credit cards as you want, but you should be aware that multiple credit card applications can affect your credit score negatively. You should shop around to find the best rate you can on a credit card, then apply for ONE credit card.

Do rejected applications hurt my credit score?

My favorite store just offered me 20% off anything I buy today if I fill out a credit card application right now. Even when I told the girl that I had bad credit and wouldn’t get approved, she said it didn’t matter. It doesn’t hurt anything to apply – is that true?

See above. Every time you fill out an application for a credit card, you’re giving the company permission to request a credit report from one of the credit reporting agencies. Those requests are kept on file on your record for anywhere from three to five years, and the number of requests are just one of the things that determine your credit score. If you’ve applied indiscriminately for any credit card offer you see, it could lower your credit score and make it more difficult to get a loan when you really need one.

What should I look for when filling out a credit card application?

Read all the fine print on the contract. If you’re filling out an application online, make sure you click on links to read the terms and conditions. If you’re not careful, you may end up signing an agreement to pay an application fee, a processing fee and/or an annual fee – which they’ll happily charge to your new credit card and start collecting interest on immediately.

You may freely reprint this article provided the author bio and live links are left intact.



Dora

imfromsouthcali asked:


When I was 18 years old, I was living with my college boyfriend and his aunt. I rec’d a few credit card offers and when it asked “household income”, I listed $45K since that was the amount that my boyfriend and his aunt were making combined…I, at the time, was not working but attending school F/T.
Now, 4 years later, I’m filing for bankruptcy. I’ve only worked P/T jobs, because I’ve been going to school F/T, and the lawyer has asked for copies of my W2′s.
Because the income I listed is WAY OVER what I actually made, will I get into trouble for this or will I be allowed to file for BK on these cards? Will the credit card companies see this?
Do you know anyone that is in this similar situation?

Honestly, I’m about to graduate in June and am sh-tting bricks, ‘cuz when I go up for a job, this is going to be reflected on my credit report.

What should I expect?
Thanks.

Adam