Instant Online Credit Card Application Information

Instant credit card application sounds pretty straight forward and yet if not carried out in the proper manner, will leave you paying much more for the card you choose, in the long-term. It all depends on the amount of time you put into research, and that goes for your credit situation as well as the actual card. Oh yes, making an instant online credit card application can be a little time-consuming, even tedious but believe me it will be worth your effort, and you’ll notice it every month when you pay your account.

The First thing you need to do when considering an instant online credit card application is to obtain an up-to-date copy of your credit report. You can get one from any of the three main agencies, Equifax, TransUnion and Experian. The information held on your credit report will be seen by any company you approach for credit so it makes sense to make sure your report gives a good impression before you start. Pay off any small amounts of credit and close any accounts with a zero balance. If you are behind with any payments, bring them current now! Also check for errors on your report and bring them to the attention of the lender.

Once you have made sure that your credit report looks respectable again, you must ensure that the three main credit agencies are aware of your repair work. Your best move is to leave it for a week, then apply for an updated report and check that your amendments have been noted. You should also note that your credit score has improved if you made significant improvements.

So now you’ve done the preparatory work, the second stage of making an instant online credit card application is to make comparisons of all the cards you are confident you will qualify for, taking into account your credit score. Now a lot of people look for the highest credit limit when making comparisons but that is not likely to give you the lowest interest rate. The things you should be looking for here are APR (interest rate), set-up charges (if any), annual or monthly fees, late payment charges, credit limit, rewards and once you have narrowed down your list always read the small print attached to each card.

OK so now you have chosen the card that best suits your personal requirements, you are ready to make your instant online credit card application and it’s all downhill from here. Simply complete the application form that comes with the card you have chosen. Being accurate in your answers will save you time in the long run. If you supply all the information the questionnaire asks, you will be more likely to get an instant decision, whereas if there are any discrepancies, the computer will throw up a red flag which will mean your application will need to be checked by a bank associate. This all adds to the delay in you getting your card.

So that’s it! All you need to do now is sit back and wait for your new plastic, and because you spent a little time in researching, you are more likely to be receiving a card that not only suits your requirements, but will also cost you less to own. Always follow these simple steps whenever you make an instant online credit card application.