MusicKid asked:


Credit History: 2 Months
Number of cards: 3
Balance: 0
Credit limit: a little over $1500 in total
past applications I made : a little over 3, nearly a month ago.
I pay my bills each month in FULL, and after checking my credit report, everything is in good standing with no late penalties or anything

Taking that info into consideration… If I apply for a credit card now, what are the odds I’ll be declined? accepted?

Thanks!!

Brad

Michelleeee asked:


I applied for their student credit card about a month ago and have yet to hear back! I’ve been online and it says I should have recieved an answer within 7-10 business days and the associate at the store told me around 15 days. It’s been a month and nothing! I was trying to find a way to check the status. Anyone have any ideas?

Bruce

Justin asked:


And this particular application does check creit. So, is it just to verify my identity?
Sorry- I mis-typed. I meant to say that this bank does NOT check credit. So guess it has to be to verify identity. I mean how much information can they get from your drivers license number?

Randall

Jason Deines asked:




Thinking of applying for a credit card? Not sure whether or not you will be approved? Well you are not the only one. Society today seems to revolve around the all mighty dollar and possessing a credit card not only can open doors but also it can come in handy in emergency situations.

If you are uncertain if you have what it takes to get a credit card or if you have been denied already from a financial institution and don’t know why, here are some common reasons why credit card applications are denied.

Human error – whenever information is sent from one person to another there is always the possibility of the information not being accurate or keyed into the database incorrectly. If you feel this is the case, call the customer service department and verify the information they have in their system. Insufficient job history – creditors prefer to grant credit to individuals that have a good job history with a single employer. If you are young and just starting to work you may want to wait until you have a few months on the job. Insufficient income – your credit application may be denied if the creditor feels your income does not meet their minimum requirements. Poor or non-existent credit history – if you have a bankruptcy or a history of late payments you may find it difficult to obtain a credit card. Overtime, if you pay your bills on time and improve your credit score you may be successful at being approved. If you have no credit history you will need to build one. Residential history – how long you have lived at your current and possibly previous residence can be a factor. If you have recently moved but you lived at your previous residence for a long period of time you may want to include that on the application.

If you have applied for a credit card and your application has been denied it is important to find out the reason why. By law, the credit card issuer is required to send you a letter telling you why your application was denied. If you find that the letter does not clearly state the reason then you should contact the customer service department and ask them for a specific answer. They are required to give you one. You may also be able to get additional information that will help you change your status from denied to approved.

If you are determined to get a credit card then I recommend applying for a secure credit card. These are fairly easy to obtain because you must deposit funds into a bank account and you will be issued credit accordingly. This is a great way to build and even rebuild your credit history.

Ricardo

michelle asked:


im a college student, i dont have any credit history, i just applied a citi mtvu credit card which is designed for collge student, but when i submit the application, it says application received, and ask me to wait for 7 days for the decision, this is my first time applying credit card, is it normal?

Alicia

Irsan Komarga asked:




Despite the fact that there are millions or even billions of people who use credit cards, there are still some people who get rejected each time they apply for one. Many of these people may have applied several times but didn’t get the chance to have the grant. Well, if you’re one of these people I’m talking about then you might want to look into some factors that may need some fixing first hand before you even try to apply for one again.

Aside from the fact that you need be 18 years old and above to acquire a credit card, you also have to have a stable job with a stable monthly income. Why? Because credit companies would look into your financial status. They will measure your capability to pay through your monthly income and other expenses. Having $500 of monthly income will give you the least chances of getting approved. So make sure your job is stable before you even think of applying for a credit card. Having a monthly income of at least $900 or more may give the whole matter a shot.

You have to make sure that you have a clean credit record. You must be able to present this kind of document that is verified by a financial bureau to the credit company. Credit companies would always make sure that you don’t have any history of having debts from other companies or industries. If it is your first time to acquire a credit record document of yourself then the bureau should find no records of you at all. But if they happen to find a record of yours which they find unsatisfactory, then you may be a victim of an identity theft. Cases like this should be brought to justice. Report such incident so you will be able to clear your name. Having bad reputation would give you lesser chances of acquiring loans or even jobs.

Finally, you have to maximize your information given. Provide as many information as possible. Present more supporting documents which you could rely on for approval. The more importation you give out in applying for a card, the more these credit companies would trust you. Thus, you will have higher chances of getting your credit card application approved.

Applying for a credit card is easy. You can even apply for one through the internet. But the processing is the one that takes too long. It would even take months before your application may get approved or rejected. All you need to do is just be honest.

Now that you know a few factors to look into in applying for a credit card, you should be able to fix yourself first before applying. After all, it is your capability and responsibility being measured by many credit companies.

Tanya

ajay j asked:


I had applied for an ICICI credit card. But now i want to cancel it.

Lawrence

Jeremy Thompson asked:




There are millions of credit card offers and applications being sent through the mail everyday. On top of the mailed offers credit card companies have also found that it is beneficial to them to sent offers and advertise on the internet. With so many to choose from it’s hard to know which ones to pursue and which ones to ignore.

Most of the credit card offers that you receive are considered unsecured credit cards. Meaning you can “borrow” from the company or use their credit to make purchases. Before you choose which unsecured credit card you want to use to make all of your purchases you need to make yourself familiar with all it has to offer. Reading the credit card offer carefully or reading reviews online are both good ways to familiarize yourself with the details of the card. Filling out a credit card application without doing your research can be dangerous because the company may be fraudulent or have hidden fees you are not aware of.

After doing your research and choosing the card that is best for you, the next step is to fill out the application. The unsecured credit card application is nearly identical for almost every card. Filling out a credit card application is usually a simple and painless process. In fact there are hundreds of companies putting their applications online. Filling out your unsecured credit card application online is amazingly convenient and fast. Once you fill out your contact information and answer a few questions you can be approved for the card within minutes.

However, when filling an unsecured credit card application online will you want to be cautious. Make sure the company is a reputable one or the credit card may end up costing you more in the long run. You will also want to be sure the website is secure. You will be required to provide personal information, including your social security number. Sending this information over an unsecured site can make you a victim of identity theft.

As you fill out your unsecured credit card application be sure to fill in every blank correctly. The most important information is your name and personal contact information. You may feel as if you are providing a lot of unnecessary information, but credit card companies need this information in order to verify you are the person you say you are. In essence this is to protect you from others stealing your personal information and charging thousands of dollars in your name.

Once your credit card application is filled out you will be on your way to building credit and having the ability to make purchases without immediately paying cash, granted the credit card company approves your application. Very rarely do credit card companies deny people with good credit. However if you are continually denied because of bad credit another option might include applying for a secured credit card. Secured credit cards provide different guidelines than an unsecured credit card, so once again you’ll need to find the one that best fits your needs.

Bernice

Antoine Robello asked:




Why should you consider online credit card application rather than doing it manually by going to the bank? Yes, both ways have their ups and downs, but take a second look at online credit card application to see the difference.

Probably the best trait of online credit card applications is the speed of finishing the process. When you go online, you have to fill-out at least a page or two of questions regarding your finances, credit rating and other personal information that they would require to complete the application. For manual applications, you still have to wait in line and wait for your turn to be interviewed. Most of the online credit card applications will be approved as long as you completely fill out all the information needed by the issuer of the credit card.

You could be rejected in your manual application since you will talk with someone that may be affected by their surroundings. Sometimes, their moods would dictate what to do, and if you’re on the receiving end, you’re in trouble. Online applications are objective, and within minutes, you will immediately know if you have been approved or not. Even though both of them can issue the card after a week or two from the application, the online process could be finished in two minutes while manual applications could take longer before you actually finish the transaction and get your credit card approved.

Another great thing about the online credit card application is the idea of shopping for the best rates and cards. If you have a certain hobby that involves computers, cars, or books, there is a credit card company that gives rebates on certain purchases and you can go with these because the hobby that you really like gives rebates on most of your purchases. You can also choose based on the higher credit limit given by the issuer. Most would choose to have the credit cards that promise the best rates. If you are going for a manual application, shopping for the best credit card would take you more than a week and would require you to get in line.

You will also go through the credit card processor who might make subjective decisions regarding your credit limit and rate. This could be beneficial for you in some ways, but it will not help you in your spending habits. If you do the application online, a system will take a look at your background and give you the rate fit for you. Not only it will give you the ease that you need, your spending will also be based on how you originally spent.

Go for an online credit card application. It’s faster, safer and the options that you can have for a credit card are endless. There are hundreds or even thousands of companies in the country who are willing to help you with your credit card needs, and it would be almost impossible for anyone not to find the best credit card company for their needs.

Shane

Tim asked:


I am a college student, and i would like to get a Discover Student Open Road Card, I would like to know the likelihood that I will be denied.

Jesus