How can I apply for a credit card?
Applying for a credit card is surprisingly simple, especially if you don’t have to pay an application fee. All you have to do is fill out a form and hope that you get approved. You must be 18 or older to apply for any type of credit card, and you must have a job. This shows that you will have the income to pay for the card after making a purchase with it.
You can either complete an application online, through the mail, or in a store, depending the card you want to get. Online applications can be approved in seconds, but mail-in ones may not be approved for 7-10 business days. This is why most people apply for cards online nowadays. It’s just easier to do in the long run.
Parts of a Credit Card Application
Every credit card application is a little different, but the overall information is the same. Here are some common components of a credit card application:
- – Card Features:
- Most credit cards will include a statement at the beginning of an application that explains what the card is and what fees/rewards are associated with this. You do not have to fill anything out in this section, but you should look over it.
- – Personal Information:
- This will include your name, address, phone number, email address (sometimes), date of birth, and your social security number. For some applications, you only need to include the last four digits of your social security number, or you may not need to include anything at all. You may also need to provide a previous address if you have lived in your current home for less than three years. If you are a college student, the card company may further request the address of your “permanent residence,” since you will only live at school for part of the year.
- – Financial Information:
- This will include information about your job and your annual income. A credit card company will want to know where you work, how long you have been there, and how much you make before taxes.
- – Additional User Information:
- This is for people who want to get secondary cards for their accounts. If you want to give someone else the chance to use your credit card, you will need to provide his or her name, address, and phone number.
- – Terms and Disclaimers:
- This is a long list of terms that you will agree to if you decide to complete the application. In mail-in applications, this will usually be at the back. In online applications, it may be accessible through a link somewhere on the page. It could also be in a scroll-down list, right before you virtually sign your application.
Again, this format may be different for a credit card you apply for, but it represents the general information you will read and provide on the application. See the sample credit card application at the end of this document for more information.