Credit Card Application
Posted January 28th, 2009 Filling out credit card applications used to be time consuming and usually required information you had to dig out of your files or call your bank to get. Now you can apply on the internet or just open the mail and find a brief, half-page application that asks surprisingly little information!
When you complete a credit card application online it only takes a few minutes, especially if you have an auto filler feature. You’ll be asked for your name, address and phone number, of course, and your birth date and social security number. It will also ask you how much your assets are and whether you own or rent your home. That’s it! Once you click the “submit” button, you’ll know within hours whether you’ve been approved.
While online credit card applications are quick and convenient, you should never enter any information on a site that is not secure. If the webpage you are on has an address that begins with “http” do not enter any information! If it begins with “https” that means that the page is secure and uses encryption to protect the information you enter. You can also look for the picture of a lock in your browser bar. That indicates that the site is secure but be sure to click on that lock. Many fraudulent sites put a lock icon on their page to give you a false sense of security. If you click on a lock icon you should be able to see some information about the site’s security. If not, leave that page immediately. Once someone gets hold of your information they can open accounts in your name and you may be liable for them! Identity theft is becoming epidemic so take care to protect your information.
If you prefer to fill out credit card applications that come in the mail there are also a couple of precautions you should take. Do not put the completed application in your mailbox for the mail person to pick up, but hand it personally to him or her or mail it yourself. One of the ways that thieves still your identity is to take applications from your mailbox. If you decide not to complete the application, don’t just throw it away. All offers of credit should be shredded, burned or completely destroyed in some manner. If you will not be at home when your new credit card arrives it is best to have it sent to your office. Just check the “change address” box and enter the information. You can change it to your proper address once the card is safely in your possession.
You should also remember that every time you apply for credit it is reflected in your credit history. This brings your score down, so if you plan to fill out some credit card applications try to keep it to a minimum.
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Comparison of Top 10 Credit Card Offers
| Credit Card | Card Details | Interest Rate | Cash Advance Rate | Balance Transfer Rate | Annual fee | Interest free days | ||
|---|---|---|---|---|---|---|---|---|
 Halifax All in One Credit Card |
The Halifax All in One credit card offers a great introductory rate, and is perfect for saving you money now as well as in the future. | 15.9% APR | 27.95% p.a. (variable) | 0% for 9 months | No Annual Fee | 59 Days interest free |
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 Virgin Credit Card |
As well as a great rate, the Virgin Credit Card comes with:
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16.6% APR (variable) | 27.9% p.a. (variable) | 0% for 16 Months (2.98% fee on balance transfers) | No Annual Fee | 50 days on card purchases |
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 Capital One Classic Visa |
This card is designed for people with bad credit ratings, this is why the rate is quite high. |
Typical 34.9% APR variable | 34.9% APR | 34.9% APR | No Annual Fee | 56 days for purchases. 0 days for balance transfers and cash. |
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As well as earning Flying Club miles which you can spend on brilliant rewards like flights, upgrades, car hire and more, a Virgin Atlantic Credit Card gives you up to 46 days interest free on card purchases. |
17.9% APR typical rate | 20.9% p.a. (variable) | 0% for 6 months (2% handling fee) | No Annual Fee | Up to 46 days on card purchases only. |
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The Virgin Prepaid MasterCard from Virgin Money is a prepaid Mastercard that you can add funds to, and use these funds for normal purchases. |
N/A | N/A | N/A | N/A | N/A |
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5% cashback on purchases in your first three months (up to £4,000 of spend). Thereafter, earn 0.5% on the first £3,500, 1% on £3,501 to £10,000, and 1.5% after £10,001. |
18.9% p.a. | 27.9% p.a. | 18.9% p.a | No Annual Fee | 56 days for purchases. 0 days for balance transfers and cash. |
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Vanquis Visa Card is designed for people with no credit history or who have previously had bad debt. Representative 39.9% APR (variable) |
Representative 39.9% APR (variable) | 39.9% | N/A | No Annual Fee | Up to 56 days on card purchases only |
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The award winning prepaid card with no credit check or bank account needed. | Funds in your Account will not earn interest | Prepaid only - N/A | Prepaid only - N/A | £59.40 p.a. (£4.95/month) | Prepaid only - N/A |
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