Banks and their affiliates are now competing with each other to provide a quick and easy credit card application process. There are two common options for bank credit card application – online format and paper copy format. The disclosure statements of the banks provide all the information regarding the costs and terms of repayment.
By entering a few simple answers and providing financial details on a secure website, you can receive a response to your application in under a minute. Online application is the fastest and easiest way to get a credit card. This is one of the most secure methods, as it protects personal financial details. There are many types of cards available. You can easily choose a card that best matches your needs.
Banks’ websites usually display a list of their credit card types, interest rates, special incentives and credit limits. Many of them indicate the level of credit you need. For example, a credit card with a higher limit may require good credit, but a student card does not require a past credit history. Generally, anyone who is 18 years of age or older can apply for the card at any US bank.
Most bank applications come with two details: ‘pre-selected’ and ‘pre-approved’.
In the case of ‘pre-selected’ statements, a person receives credit based on the details provided by him/her on the application and a successful credit report. In case of ‘pre-approved’ details, the credit is given to the individual as and when he fills up the application and makes the demand. But, he will not get as much credit as he deserves.