Credit Card Online

  Credit Card Online  - What to do if your online credit card application has been refused?  - Jul 6, 2007  

Applying online for credit cards is one of the major advantages internet has offered us in recent times. All major credit card providers give the facility of online application and it is increasingly catching up with the credit card aspirants. If you have applied for a credit card online and have been refused, don't worry you are a part of large group who face rejection for one reason or another. There is no point on getting depressed on the matter, instead one should check out what went wrong, correct it, apply again and get approved online.

The first reason for the rejection of most of online credit card applications is the mismatch in credit ratings and income levels. While applying online for credit cards, if the credit card company asks for your social security number, and credit scores, they are trying to gauge your financial credibility. If you are applying for a gold credit card and your credit score doesn't measure up, chances are fair that your online credit card application will be rejected and you can't do anything about it.

In such a case if the credit card company finds that there is another offer which suits your credit ratings and income criteria they will send it along with the denial email. If they don't give any such offer, its for you to check out whether you meet their credit rating requirements or not, and if you don't it will be good to find another credit card and apply online for it.

If a credit card company rejects your application for insufficient credit score or credit ratings, it will send you information about it. This information will help you track down the credit rating agency and negative remark that caused the decline in your credit scores. If you find it incorrect you can dispute the credit report, get that negative remark removed and apply online for that very credit card again. Hopefully, if everything goes right you will get approved online.

If you faced the denial for any other reason, which you find difficult to understand, you can ask the credit card company about it. The fastest way is to contact the credit card customer care and tell them about your problem. Secondly, if you don't like calling you can send them a polite email and request a clarification.

Applying online for a credit card and getting approved is a great feeling. By taking simple steps and precautions, one can easily avoid the bad experience of facing a denial.

  Credit Card Online  - Applying for a credit card online? Don't overlook these facts  - May 25, 2007  

The online processing of credit card application is fast gaining popularity because of the various benefits it offers. The procedure is different from offline or regular credit card application and seems more convenient, however there are few things to note about the online credit card application process. This article takes a look at few such things.

The process

Though online application process is supposed to be less cumbersome in terms of paperwork, convenience and time, but in reality it is just a part of the regular credit card issuing processes. At first the application can be online but sooner or later the paperwork has to be done and it is more or less mandatory with every issued credit card. Secondly, some credit card companies, find it too risky to give an instant decision based on facts which can be easily manipulated, the question of identity theft also comes into place and almost all the decisions are 'in principle' which get rolling after proper verification etc.

Fees

Some credit card companies charge a small fee for every online application to be made, part of this could be to support their IT infrastructure and personnel, but most of them do to deter fraudulent enquiries that can cost them a fortune in verification and other procedures. So, it is better to checkout with the credit card companies whether they have any such fees and if so what is the exact amount. Because, it is going to increase the cost of acquisition of credit card for you. It is also good to verify whether the APR's and other costs associated with the credit cards are different for offline and online processes, or same. If you find a significant difference then it is good to adopt the application process which offers the lowest rates.

Credit history

Having a poor credit history and applying for the gold, platinum or other such credit card for which a good to excellent credit history is essential prerequisite, will only frustrate you. The denials, rejections etc. can cost you mentally as well as financially. So, it is always better to confirm with the credit card company about the credit history requirements.

Choice and terms

Almost all the credit card companies that offer online application process do not allow you to compare other credit cards before applying online. The necessity of a comparison cannot be understated. This is very crucial to make the right credit card decision. The online credit card application form has the most essential terms and conditions listed somewhere below the main application. It is good to go through the document before filling in the details. Some facts that look very attractive on the face can prove disastrous when looked in the light of the fine prints.

The online application process has its own merits and can prove to be quite a time and effort saver if used in a proper way.

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