Tom Tessin asked:




If you’ve been to college before, you’ve seen the millions of ways college kids have been drawn in for a credit card application. The sad thing is though that a lot of these kids don’t necessarily realize what they are getting themselves into. We are going to break down some ways on how credit card companies lure in students so that you can avoid this situations.

Getting the freebies

Everyone has seen these stands regardless of where you’ve been. From free t-shirts to a free burrito, people love free stuff. What a better way to get a free t-shirt by applying for a credit card application. A lot of students just fill out the paperwork thinking its innocent work for that $5 burrito. What they don’t realize is that they are affecting their credit score and possibly their credit history.

The problem with getting a credit card when you sign up for freebies is that you don’t know exactly what the terms and APR rates are. Sometimes what students may realize is that the credit card may have an annual fee. An annual fee is applied to your statement regardless if you use it or not.

Hard selling

Besides the freebies, students may sometimes notice a kiosk set up at their school from a credit card operation. A lot of these salespeople are highly trained in their area and lure you into signing up for an application. Some of the tactics they use are making it sound like a wonderful financial opportunity or how it can build up your credit. Once again, this is bad because you don’t know the official terms and exactly how the card acts.

Sponsorships

Students may find that when they attend an event at school, it will be sponsored by a major company. A lot of the times, these events are sponsored by a company. During these spiels, they will generally promote the credit card throughout the event. This way of selling a credit card is technically less pressurized because of the lack of the one on one basis.

A lot of the times you will just receive a flyer or brochure at the end of the event. The best way is to simply throw the credit card brochure out or just use it as scrap paper during class.

When looking for your first card or a credit card to be added to your collection, it’s important that you do your research. The freebies like a free t-shirt or burrito just isn’t worth it when it comes down to your credit. When you do apply, make sure you pay attention to the APR rate, if it has an annual fee, and what kind of rewards it has to offer.

When you do receive you first card, it’s up to you to be responsible with it. Treat it as if it were cash and don’t overspend. If you can follow these golden rules, you will be debt-free for your lifetime.

Willie

teksonn asked:


I’m trying to fix bad credit so I applied for a credit card on line and when the bill for a $59.00 annual service fee arrived before the card, I decided that I didn’t want it. While I was going through all the pages of the on-line application there was one page that stated that I had thirty days to cancel, but the paperwork I got in the mail says nothing about this and to access this page on-line I would have to go through the process of applying for another card (not happening). Also, the paperwork that came with the card says that I have to call a phone number to activate the card before it can be used. QUESTION: Do I need to call or e-mail these people and tell them I don’t want the card anymore (it hasen’t been 30 days yet), or, if I just don’t activate the card does that mean the account has not been verified and so then it becomes null and void?

Carrie

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!



Sarah

Uma A Ilango asked:


WHAT IS INVOLVED IN A BUSINESS CREDIT CARD APPLICATION?

A business credit card may save you money, make bookkeeping easier and increase your company’s credibility. The first step to applying for a business credit card is to do an extensive research on the various business credit card offers in the market. Only after you have compared the perks, rates, customer service, terms and solutions thoroughly, should you embark on applying for the best business credit card that suits your business needs.

Gone are the days of messy paperwork involving application forms and supporting documents as well as weeks of waiting for a response. Now you can start the process in the comfort of your home. Most websites that allow you to compare business credit cards come with the additional option of applying online. There are usually two main components to a business credit card application form. In one component, you are required to provide information about your business. In the other one, you have to provide your personal information. If your business is new, the business credit card would probably be issued based on your personal credit history.

Other than the two components, you may find sections that provide you with options to select credit cards for your employees and for your certified consumers. You may even be allowed to do balance transfers. Once you are sure that have filled out all the details accurately, you can submit the application form online. Once your application form has been submitted, you’ll receive the response online almost immediately in most cases. If your business credit card application has been approved, you will receive the credit card in your mail within 2 weeks.

Regardless of the institution that you are applying for your business credit card from, the procedures are more or less the same. It is almost effortless, quick and needs general details. However, be sure to check on the reliability and security features of the website before providing your details.



Amanda