I’m 17 and I want to apply for a credit card online?

4 Comment(s)

1. Yes, I mean no, but they will let you know if you need a co-signor. So, check out some credit card company that you like. Don’t apply for more than one of two, because that pulls your credit scores down. Check their rates , policies, late fees, etc. Do your homework, co-signor or no co-signor. Understand the importance of credit and good credit. Maybe even take a credit counseling course, it will help you to manage your money and credit.

   DAS | Feb 17, 2009 | Reply

2. Credit card companies are quick to respond to the growing trend of Internet users by offering online credit card application. As you might have noticed, many credit card companies whether online or offline for that matter, announce they offer the best credit card online, even with instant approval if you apply for it on their website. This method allows the applicant to get approval within a few minutes after submitting the online application form at the company website. Although this isn’t truly instant credit card application, it definitely saves some time when compared to the traditional offline process. The approval process takes only a few minutes, but the credit card company will still need to manually mail you the physical card. This may take up to 10 days before you receive it.

   It could take up to a month or two before you receive your credit card if you apply for one via the more tradition ways. You would have to visit the office of the card company personally or call up the customer service hotline to request for an application form to be mail to you. Then, once you have submitted your supporting documents you will need to wait for a reply as the company runs a check on your credit history.

   The good thing about applying online for a credit card is that you know if you are approved for it or not within a fairly short time. Another advantage of filling in the application online is that it also allows you the opportunity to compare the cost of credit offered from a lot of different card companies.

   There are certain limitations on who is eligible for an instant online credit card application approval. Most instant credit card application offers are targeted to people with good credit records. The competition on the credit market is so high today, that some companies are willing to include people with less than fantastic credit scores in order to get customers. The bottom line is that even if your credit history is not so good, you have the ability obtain an instantly approved credit card. So regardless to what your credit rating is, there is no reason not to use an instant credit card application.

   Your credit card application will usually get approved instantly if you maintain a healthy and excellent credit history. However that does not mean that your application will be rejected if you credit history is less than perfect. With so much competition going around in the credit card industry, many companies are willing to take the risk and accept applicants with average credit history. Some of them even provide a card for those people with bad credit.

   Before submitting your application online, take the time to do some research. Make sure you visit a legitimate credit card directory to compare card information first. Compare cards and consider the benefits that you want to receive as you do your research. You will also want to read the terms and conditions, yes I know they are enough to put you to sleep, at least once. The important items to take note of are annual fees, interest rate during the introductory period, interest rate after the introductory period, length of grace period and minimum payment amount. Pay particular attention to late payment fees and other unusual penalties. Call up the respective credit card customer service department if you have doubts or any queries with the terms and conditions. Take to time to get the card you want that will serve you the best.

   Remember, once you get the credit card, that you should always use your credit card in a responsible way. By paying your outstanding balance before the due date and, if possible, pay the entire balance each month to save on interest fees you will ensure that you do not get into debt problems. Your credit score is directly affected by paying your bills on time.

   Renu G | Feb 19, 2009 | Reply

3. There are two types of credit cards, Joint Account Holder and Authorized User. You must be 18 to enter into a contract, as such you can only be an Authorized User.

   For this your parents must apply and then add you as an Authorized User. Most credit card companies require the Primary Card holder to call them directly to Add/Remove an AU.

   OC1999 | Feb 21, 2009 | Reply

4. Eligibility

   To avail of the credit card, you should be at least 18 years of age. You should be employed or have some regular source of income. These are two important criteria and if you can give convincing proof to demonstrate your suitability, you will be easily approved. You may have failed to pay back the old credit card debt or some flaw may be present in your credit report. In this situation, getting a card will be tough.

   bens J | Feb 22, 2009 | Reply

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