Many 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, the banks and credit card companies begin to offer online credit card applications. This method allows the banks and credit card companies to reach a broader base of potential customers, especially the younger generation that is more computer savvy.
Online applications offer several advantages over the traditional way of applications. Here are three of them:
This is probably the number one reason why online applications are preferred over the traditional ways. There is no need to travel to the bank and queue in long lines. Thus no extra time is wasted and there is no travel cost to deal with. Since the credit card website is available round the clock, you can even apply for a one at 3 a.m. if you want.
2. Access to a wide range of credit card information
Traditionally, if you want to review credit cards from different banks and credit card companies, you have to visit each of their offices separately or call up different hotlines to request for their application form. With the Internet, you can do it with just a few clicks. There are many legitimate online credit card directories that offer you detail description of credit cards from different bank and companies. Some of these online directories even offer free tips on credit card selection and management.
3. Shorter Turnaround Time
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.
The main concern when applying for a credit card online is security. Contrary to belief, online application is actually very safe and secure. The banks and credit card companies spent huge amount of money each year to ensure that their computer system is secure and hack-proof. The data that is being transmitted between your computer and the website is encrypted using security technology such as SSL.
To have a safer experience, you should only make your online application from your personal computer at home or in a private place. 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.
Online credit card application is safe and easy. Once you have experienced the convenience, it is unlikely you will return to the old ways of applying for a credit card.