Credit Card Applications amp the Rejection of Credit Card Application

April 15th, 2015 by admin

As time progresses, more and more people are joining the revolution called ‘Credit card’. Yes, it’s really a revolution. Now you don’t need to worry about how much cash you have in your pocket when you go shopping, just carrying this small piece of plastic (credit card) is enough to assure you of a good shopping ‘treat’. You can use your credit card to order things from the comfort of your home (on the internet).

So the number of credit card applications seems to be on the rise. However, not every credit card application turns into a physical credit card. Some credit card applications get rejected too. Let’s check why a credit card supplier would reject a credit card application when he has spent so much time and energy (and money) on wooing new customers.

One obvious reason for rejection of credit card application is human error i.e. the error committed by you in filling up the credit card application. These can be small mistakes like a wrong telephone number or wrong name or the postal code might be wrong. It’s normal to make mistakes, after all we are human being and no human being can be termed as perfect. Another strong reason for rejection of a credit card application could be missing mandatory information i.e. when you forgot to fill-in some mandatory information in the credit card application form.

Sometimes, the credit card application could be rejected because the credit card application form has been filled-in in a handwriting that is illegible to the people processing your credit card application. At other times, the sales representative (of the credit card supplier) could have made a mistake in either depositing the form correctly or in guiding you in the filling of the credit card application form (newly hired sales representatives can make such mistakes).

However, these human errors are just minor errors that can be corrected later on and hence the only impact would be in terms of the delay in receiving your credit card. The main and the most important cause for rejection of credit card applications is bad credit ratings i.e. a negative credit history. If you have been using other credit cards or if you have taken bank loans/mortgages in the past, you would have already build your credit rating.

If you have been making your bill/instalment payments in time (and in the correct amount), you would have already acquired a good credit rating, however, if you have been irregular or if you have been defaulting on your payment dues, you would have developed a bad credit rating. This credit rating is calculated by credit bureaus who receive feeds from various credit suppliers. All credit card applications are checked for the credit rating of the requestor and if it comes up as negative, the application is rejected out rightly.

So, these are the 2 most important reasons for rejection of credit card application and you must pay heed to them (especially the credit rating).

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Free Affiliate Programs

For more information and resource links on credit visit: Bad Credit Equity Loans

Special Guide to Bank Credit Card Applications

February 19th, 2015 by admin

A bank credit card is an extremely incredible and convenient piece of plastic with which one can purchase goods and services. An average American now holds up to eight bank credit cards. In order to qualify for a bank credit card, the applicant must be eighteen years of age and should have a good credit history.

U.S. banks offer various types of bank credit cards. After choosing the appropriate bank credit card, the consumer needs to submit a duly completed bank credit card application. An application and processing fee must also be paid along with the application. An individual can apply for a bank credit card online or through the phone. U.S. banks usually send bank credit card applications by ordinary mail, since the consumer is required to sign the applications upon receiving them. When bank credit card applications are transmitted online, there are more chances for fraud.

Most bank credit card applications include personal information about the consumer such as name, age, date of birth, marital status, applicant’s current and previous addresses (only when the current address is less than two years), e-mail address, driver’s license number, and social security number. To enter the employment details of the applicant, fields such as occupation, employer, position, household income, and source of other income are available. Bank account information is also included in the bank credit card applications. Moreover, the applicant needs to specify whether he is a citizen or a permanent resident of the U.S. If necessary, the details of the co-applicant/spouse are also required to be entered in bank credit card applications.

If the applicant is a student, in addition to the basic personal information, bank credit card applications have fields for entering student status, school name, graduation year, major, and campus telephone.

Once the bank credit card applications are completed and submitted, the bank will verify the details by contacting the consumer in person or through the given telephone numbers. The bank issues bank credit cards only when the consumer proves to hold a good credit record.

Once the bank credit card applications are completed and submitted, the bank will verify the details by contacting the consumer in person or through the given telephone numbers. The bank issues bank credit cards only when the consumer proves to hold a good credit record.

BusinessNewsInfo provides detailed information on Bank Credit Cards, Bank Secured Credit Cards, Bank Student Credit Cards, No Bank Account Credit Cards and more. Bank Credit Cards is affiliated with Banking Services.

Find Credit Card Applications For Fair Credit Credit Cards

January 29th, 2015 by admin

If you are filling out credit card applications for fair credit credit cards, you should check out a number of companies first. Since your score is fair and not bad, you can try getting a card at your bank. There are also websites online that offer various cards for all kinds of scores from bad to good. It is important to check with more than one company so that you get the best deal and the least amount of interest and fees.

You can get cards with reasonable scores since ‘fair’ is considered a decent score. Fair credit runs along the 620 to 659 score. Although this is a decent range, it may not be enough to get you the best perks such as very low interest rates and freebies. To take advantage of better benefits, you can start building your history with fair credit credit cards. Getting a card can help you improve your history if you always pay your bills on time.

When you look for credit card applications, you should look for one that will let you pay off your bills easily. Try finding a low interest card so you won’t have a problem coping with payments. It is possible that your score is fair because you don’t have any credit history or have a little blemish on it. Paying your bills on time will help push your score to over 659. Once you accomplish this, you may be able to get a card for good credit and avail of more perks.

To find a perfect card for you, visit websites that offer various kinds of cards for different scores. You will find cards with low interest rates, and some with 7.90% APR to 24.9% APR. There are cards with zero annual fees and other with $59 annual fee. Some cards will have set up fees of $39 while others won’t have any set up fees. If you are trying to save during your credit card applications, then choose the cards with zero set up fees and no annual fees.

So you can easily pay off your monthly card bills, it might also be helpful to get a card with 0% or very low APR. You have to remember that paying of the bills on time for your fair credit credit cards is of utmost importance if you want to get better cards with lower interest rates and perks like free hotel accommodations and air miles. If you fail to pay on time, a few days late payment will reflect on your credit history and bring your score lower than before.

Using these kinds of cards is a great way to fix or improve your credit history. With better scores, you can easily apply for a better card in the future. You also won’t have a problem buying a car, home or renting an apartment with better credit. Think about your future and your financial capabilities when filling out credit card applications. Apply only for card you can manage to pay off on time.

Find a wide selection of fair credit credit cards at credit-land.com and fill up your credit card applications online.

Australian Credit Card Applications Just Got Easier

January 20th, 2015 by admin

One of the ways the Internet has definitely helped our lives is in allowing us to shop around before we buy something. While we normally think of consumer products when we ‘shop around’ online, financial products are no exception – take Australian credit card applications for example. Nowadays it’s much easier to find an appropriate credit card in Australia than ever before.

There is no more hunting through countless bank fliers and brochures or having to talk wait in line to talk to customer service people in the banks themselves. Everything we need is right there online – but a word of warning: online credit cards can be very convenient and can save you a lot of time if you get the right one for you, but they can also get you into a financial black hole if you don’t choose well.

The key to getting the right credit card in Australia is to assess your own spending habits first, even before you do any research online. How you spend and repay money will determine what type of card will suit you. If you are a reckless spender who finds it hard to pay back money on time then you probably shouldn’t even be thinking about a credit card in the first place – a debit card or a pre-paid credit card would make much more sense so that you can only spend what you have.

However if you are the type of person to check statements every month and make sure you pay off the minimum repayment in a set time limit then you will want to look for online credit cards that have a good long interest free period. Normally on a decent Australian personal finance site you can search through cards by different features: interest free periods, annual fees, APR, balance transfer, cash advance rate etc. To someone who pays the debt off on time and never takes out cash on the card only the annual fee and the interest free period really matter, so you can narrow down your search instantly like this.

You see? Considering your personal financial situation and habits will set you in good stead for finding a few cards that match your needs. Once you have decided on the best one, credit card applications are possible online via the same personal finance site where you have gathered all your information –you will be directed through to a secure server with the issuing authority to complete your application.

For more information regarding Australian credit card, credit card applications and online credit card, please visit: www.lowerbills.com.au

 

Credit Card Applications FAQ

December 30th, 2014 by admin

Lots of folks have questions about credit cards but may feel shy about asking for fear of being seen as not savvy. Here’s a list of frequently asked questions about applying for credit cards to bring you up to speed on what you need to know about the credit card application process.

Can I apply for a credit card?

In general, if you’re 18 years of age or older (the age limit may be lower in some states) and are a U.S. citizen, you have the legal right to apply for a credit card with any U.S. bank or financial institution.

Do I have to have a bank account to get a credit card?

In most cases, credit card companies won’t consider issuing credit to someone that doesn’t have at least one bank account in their own name.

Do I have to have a bank account with the bank that issues the credit card?

No – in most cases. As long as the credit card issuer can determine your credit worthiness, it doesn’t matter where your bank account is. There is one exception. If you apply for a secured credit card, you must keep a ‘security deposit’ of a certain amount in the institution chosen by the credit card issuer (usually their own bank).

Can I apply for more than one credit card at a time?

You can apply for as many credit cards as you want, but you should be aware that multiple credit card applications can affect your credit score negatively. You should shop around to find the best rate you can on a credit card, then apply for ONE credit card.

Do rejected applications hurt my credit score?

My favorite store just offered me 20% off anything I buy today if I fill out a credit card application right now. Even when I told the girl that I had bad credit and wouldn’t get approved, she said it didn’t matter. It doesn’t hurt anything to apply – is that true?

See above. Every time you fill out an application for a credit card, you’re giving the company permission to request a credit report from one of the credit reporting agencies. Those requests are kept on file on your record for anywhere from three to five years, and the number of requests are just one of the things that determine your credit score. If you’ve applied indiscriminately for any credit card offer you see, it could lower your credit score and make it more difficult to get a loan when you really need one.

What should I look for when filling out a credit card application?

Read all the fine print on the contract. If you’re filling out an application online, make sure you click on links to read the terms and conditions. If you’re not careful, you may end up signing an agreement to pay an application fee, a processing fee and/or an annual fee – which they’ll happily charge to your new credit card and start collecting interest on immediately.

You may freely reprint this article provided the author bio and live links are left intact.

Joseph Kenny writes for the UK credit card comparison site http://www.CardGuide.co.uk. There is a credit card article section there dedicated to help users make more informed credit card choices.

Credit Card Applications How To Get Approved

December 9th, 2014 by admin
Every now and then you may take a look through the credit cards in your wallet and think about the option of applying for a new card with a better offer. You may have received offers in the post or browsing offers online. Before you jump in and start applying you need to think about maximising your odds of approval and avoiding rejections which may damage your credit score. You will have to complete the credit card application in such a way that your chances of approval will be higher and you can get favorable interest rates. Many people are denied credit because they are not careful in providing personal details on the credit card application form. Here are some things you can do. Avoid applying for multiple credit cards simultaneously Your credit score will suffer a lot if multiple lenders request for your credit report all at once. This could lead to at least one credit card application getting denied, and this will lower your credit score even more. Prepare your documentation: Credit card applications ask for a lot of information. You should create a single credit folder which will contain all your vital information. Having all these in one place will allow you to respond to questions completely and consistently. Since this folder is loaded with sensitive information on your identity and other details, make sure to keep it in a safe place. Fill out the credit card application at home: Credit card offers come with all sorts of enticements for you to send back the application immediately. Resist the credit card offers of instant credit or instant savings. One of the main reasons is that your files with your vital information are at home. More than that, it is crucial not to be rushed or feel intimidated into completing the credit card application on the spot. Doing the job at home allows you to fill it out with care. Answer every question: Do not leave any blanks on the credit card application, otherwise the card issuer may interpret it as an attempt to hide something and categorize you as high risk. If the application form includes questions that are not relevant to your situation then don’t leave the space black but insert N/A or ‘not applicable’ in the space. This shows you have read and responded to the question. Use clear print (not joined up) and be extra careful of numbers. If you have gone through a bankruptcy, there is one question you should leave blank. This is the question that inquires, ‘Have you ever filed bankruptcy?’ Do not put ‘no’ for that would be a lie; but do not say ‘yes’ or tick the box. Answering the question immediately might trigger an automatic rejection by the card company’s computerized processing system. It is always possible to explain the reasons to the issuers later in person, if they ask. If the form does not ask then there is no need to provide the information. Look out for red flags: Some items cause the lender to classify the applicant as a credit risk, such as: * Tax liens (settled, released, not released) * Previous bankruptcy(ies) * High ratio of debt to income * Too many revolving credit cards but only modest income * Outstanding collection accounts * Credit counseling reports * Mailing address is a post office box * Frequent employment changes * Lack of verifiable income, especially if self-employed * Employer’s telephone numbers cannot be verified * Your telephone number cannot be verified in directory assistance * No savings or checking account Be aware of these items and make sure your credit card application addresses such issues.

Richard Greenwood heads up the team at the Click 4 Group which includes the banking comparison website compareyourbank.com.au which compare bank accounts and other finance products such as credit cards.

Online Credit Card Applications Explained

November 21st, 2014 by admin

Both banks and credit unions offer credit card options.  It is also possible to obtain credit cards on the internet. It’s exceedingly simply to apply for a credit card online. You just have to fill an online credit card application and wait for approval.

Applying for credit through online resources can be very convenient. Here are a few reason to consider:

·    The Internet allows a number of possibilities for discovering credit card critiques. It’s as painless as going through online resources to find what you need. Choose which card you would like information on and read about it.You will be able to get all the information about credit cards on the internet and so, you will be sure that it has no hidden facts.
Taking the time to read about individual credit cards will guarantee there are zero hidden terms and conditions.
·    One of the additional benefits of applying for credit cards online is the convenience of being able to apply at your convenience.You can learn about details of each credit card either day or night. When you think that you are ready for the form filling, only then go for it.
·    One more great advantage is that you instantly know if your application has been approved or denied. Approval or denial will take place a few minutes after completing the online application. This will save you a lot of time in terms of waiting for your credit card.
If you need a business credit card, it’s also possible to apply for those online. There are numerous companies waiting to provide you with the business accounts.

·    A business credit card will offer instant business authority and credibility.
·    Monthly expenditures can be accessible to keep track of. Monthly account statements can help track outgoing and incoming money.
·    Additionally, your income tax will be much easier to fill out what account statements provided monthly.

One of the most convenient ways to apply for credit is through an online application. However, one must read the online reviews before making a decision. There is no doubts that a credit card is exceedingly helpful!Besides credibility, credit cards make it possible to leave cash at home. As long as your credit card is with you, everything is fine.

Additionally, Internet banking possibilities can help complete payments easier. The internet banking facility is almost available for all the credit cards.

Using a credit card is extremely useful in today’s world. Any credit card you have will give you the ability to purchase credits and use to get cash any time it’s needed. Therefore, it makes sense that getting a credit card can have a lot of advantages.

A good credit card can be hard to find but is worth looking for. Two excellent ones are the Valero Credit Card and the Maurices Credit Card.

Problems with job applications due to credit score

October 22nd, 2014 by admin

The crisis on job market and greater than ever competition for available vacancies has led to some radical decisions and procedures employed during the application process. You may have been surprised to discover that your prospective employer expects you to undergo a background credit check before you’re finally offered the position. Even though only a couple years ago this would have been considered a good idea only for strictly financial positions where the applicant is to exhibit a strong financial responsibility in order to perform the job well – it’s now a reality for nearly all decent jobs.

On the one hand you could claim that it’s a good thing because employer can have more data to include in his decision making process and better assess whether the applicant fits the job. If you were the employer, every little piece of information is valuable. Just think about the recent news where employers were found to spy on applicants’ Facebook and Twitter accounts, checking for any embarrassing information which could damage the company image in the long run.

There is, however, another side to this issue and it’s important to understand that by disclosing your credit score to third parties, you’re effectively giving up on some of your private information you would otherwise not wish for anyone to know. Does high credit score make you a better sales person or driver? This is a question everyone has to answer for themselves but keep in mind that high credit score does not always equal financial responsibility. It is estimated that over a quarter of all credit reports contain errors which may work against you when calculating the score. This could be anything ranging from a wrongful negative annotation all the way to identity fraud. By relying on credit score, employers force you to keep a close eye on your credit report and any mistakes it could contain.

Having said all that, there really isn’t much you can do about it now that the check is widely accepted as a standard human resources procedure. All that’s left to do is to make sure you know what your credit score is and act in case it requires any corrections. Apart from the benefit of not having to worry about any sudden credit checks there’s always that added benefit of improved credit facilities and more options when it come to borrowing money. This is perhaps a staple of our times, it doesn’t matter who you are or what you do – if you don’t have good credit history you simply do not count.

Finding out your credit score is very important to survive in the current economy and unless there’s no need for you to use credit facilities, make sure your credit history is up to date and error free. If you’re wondering ‘What is my credit score‘ don’t wait and check it for free.

Various Credit Card Applications

October 13th, 2014 by admin

The credit cards have become the need of the day for those people who desire to spread their business arm but are stopped due to the immediate requirement of money these days. There are a number of different types of schemes to suit different types of needs of different people. Credit card companies have come up with many such different purpose serving credit cards. Out of all the different credit card schemes, the Low Interest Credit Cards have become very popular among the group of people having good credit score.

All the people should contemplate all these options before submitting their credit card applications. Those people who can bear some higher interest rates and are always dealing with transferring of money very often can go for the Balance Transfer Credit Cards. These Balance Transfer Credit Cards are of great significance for those individuals who have to pay a large group of freelancers. Hence there is no need to frequently visit the banks for withdrawal of cash in order to make the payments of the freelancers, because with the help of the Balance Transfer Credit Cards and exploiting the online banking option this can be done in only few clicks.

Many people especially women go binge when they go for shopping. There will be added joy after shopping your favourite things if you are going to get surprise gifts for the splurging that you have done. This happens with the option of Rewards Credit Cards that the reputed banks in the market have on offer for the ostentatious people. Till now, the discussion was only for the splurging women and business people, but the credit cards have attracted people of all ages. Hence banks offer different credit card schemes for different age groups.

The elder people have the viable option to apply for credit card under the Pensioners’ Credit Card scheme. This Pensioners’ Credit Card scheme has many features suitable for the pensioners; especially the payment option after the arrival of the pension is of great importance to them. The college students also get the opportunity to try their hands at the credit card facility with the Student Credit Card. These Student Credit Cards help the students to establish good credit and along with this they get the chance to make them acquainted with the banking system, which is very fruitful for their future.

Besides the credit cards for different age groups, the banks also provide the facility of special purpose credit cards. The Airline Credit Card, Gas Credit Card, Travel Credit Card, etc fall in this category of special purpose credit cards. All the people who enjoy travelling as their favourite time pass and all those who need to travel frequently for their work purpose can exploit the Travel Credit Card. The Airline Credit Card has been a big hit among the air travellers since it gives the opportunity to get free air trips. Same is the case with Gas Credit Card where people win free gas for their vehicles.

creditcardpreviews is the best service that enables the customer to know which online credit card facility is best for them by credit card application online.

Bad Credit Payday Loans AU Ready For Applications Inside Australia

September 7th, 2014 by admin

There are a number of ways that people intending to apply for bad credit payday loans in au Australia can raise the cash needed to pay for their unexpected and unbudgeted financial emergency before they actually put pen to paper and sign up for their own bad credit payday loan. These cash creating methods need to be considered before potential borrowers of these loans start a payday loan process. It is basic financial common sense to know how to delay and if possible avoid payday loans and still manage to organise the quick cash needed to meet temporary financial emergencies. There are a number of reasons why people apply for bad credit payday loans but from a safe financial perspective people should only apply for these loans when they have been struck by a financial crisis that they have not budgeted for and have exhausted researching other ways of creating the fast cash that they need.

There are many people who apply for and are granted bad credit payday loans in au Australia in order to pay their high priority bills in time every month. These high priority bills would be mortgage payments, electricity payments, water payments, gas payments to mention a few. Applying for and using the granted money from bad credit payday loans to pay for any regular monthly bill is paramount to committing financial suicide. This is definitely not a wise decision and will definitely lead to eventual bankruptcy due to the enormous amount of debt that these people will build up in a very short time, if they pay one or more of their monthly bills with the money obtained from bad credit payday loans.

The worst thing that people can do is to turn to using the cash obtained from bad credit payday loans in au Australia to pay for non urgent financial matters and or situations like paying for their yearly vacation or buying their weekly or monthly groceries with the payday loan money. It is strongly suggested that the only time that people should consider applying for and being granted bad credit payday loans, especially if the person already has a bad credit record, is when all other quick cash making alternatives have been studied and the only route left is to apply for a bad credit payday loan. In the next post a number of quick cash making alternatives will be discussed to help people obtain the fast cash necessary to pay their way out of their unbudgeted and unplanned financial predicaments.

Visit Bad Credit Payday Loans AU Australiato apply for online bad credit payday loans in Australia.

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