#how to apply for a credit card
How to Apply for a Credit Card: What to Watch Out For, Tips More
by Odysseas Papadimitriou. CardHub CEO | Apr 2, 2009
From direct mailings and commercials to the Internet and mobile apps, there are now more ways than ever to learn about and apply for credit cards. But since confusion is often the cousin of increased options, the preponderance of new financial literacy information and convenience-based tools has the potential to create the unintended consequence of consumer paralysis by analysis.
That’s unfortunate because youreally don’t want to drag your feet when it comes to making a decision about applying for a credit card. Not only do you run the risk of missing out on an attractive promotional offer, but you’ll also delay credit building/maximization efforts, thereby postponing your ability to reap the benefits associated with good or excellent credit.
The information below will help you better understand the credit card application process and will allow you to begin using the best card for your needs as soon and as responsibly as possible.
Compare Application Methods
As far as the logistics of applying for a credit card are concerned, we have three primary options at our disposal: 1) online applications; 2) paper applications; and 3) applying over the phone.
The specific medium through which you apply for a credit card willnot affectyour ultimate odds of approval, but it’s important to recognize the potential impact it can have on your overall ability to compare. When you shop for a credit card online, it’s extremely easy to sort and compare offers since all of the requisite tools and information will already be at your fingertips.When you shop offline, however, the odds that you’ll be unduly influenced by preapproved offers or other issuer marketing techniques tend to be much higher. (And while we’re admittedly biased in advocating the online option, the value of comparison shopping can’t be disputed).