Apply For A Credit Card Tips

Apply For A Credit Card Tips

by Lawrence Fine\

Credit card as the name itself indicates, offers you credit for charge and allows you to pay for services or products over some period. This period extends from 20 to 50 days calculated from the billing day, and not from the day you acquire the card, it is interest free. Today credit cards not only provide you the shopping convenience and safety but also provide you with civil liberties such as discount coupons, invitations to events, bonus points, cash back and free insurance as well.

The preliminary condition to apply for a credit card from all credit card companies or credit card issuing banks is you should have a specified minimum income level range. This requirement varies from bank to bank and it depends upon which type of card you want along with your risk profile. If you are a regular and fixed income holder, then it becomes easier for a bank to issue you credit cards as your profile is promising and you will be able to reimburse the expenses incurred through your credit card. The age limit to be eligible for owning a credit card is between 21 to 65 years.

When you apply for a credit card, you will find that there are two credit card services such as Gold and Silver provided by banks issuing credit cards to differentiate what kind of service is applicable for each. Silver card is also known as classic or executive card. The gold card comes under premium section and it includes number of features such as high insurance cover, more rights, more facilities and more discounts. These kinds of cards have component status and high regard associated with them. They are not cheap as they have highest fees including other service charges.

There is a fixed minimum salary criterion per annum to apply for ordinary cards. And it is a bit higher to qualify for the gold credit card.

The basic cost occupied to apply for credit card covers the joining fee that varies from bank to bank and type of card you applied. These charges can vary from $100 and above. Every year you will have to pay a particular annual fee to carry on with your membership of the credit card. Issuing bank will bill this amount to your credit card; you do not need to pay cash for it.

First, get the details of the credit card requirement from the issuing bank. Go through the details thoroughly. Get the appropriate application form. This application form solicits the following information:

* Name as it appears on credit card * Credit card billings address (street address, city, state, zip code, etc.) * Credit card number * Expiration date * Amount charged on your card * Program you are registering from * Email address for receipt * Phone number

The proper use of credit card will win you extra credit or points. At most, you can setback the payment of the bill by up to 50 days. Most of the credit card issuers give you a discount on the next year's annual fees if you have paid over a certain specific amount on your card