credit card application

Credit is more difficult to get these days, but depending on your circumstances it is still possible to get your credit card application approved.

There are banks that specialize in extending Visa and MasterCard credit cards to applicants who are just establishing a credit history. Pick a bank, and see how you do. Don't apply to more than one because credit applications show up on your credit report, and multiple rejections make you look desperate for credit.

If that application doesn't get you a credit card, there are two basic approaches. The first is to start with department store credit cards and oil company credit cards and build a credit history using the cards. These cards are easier to obtain than Visa or MasterCard charge cards.

Establishing a payment history will help you qualify down the road for the major credit cards. Apply to one, meaning either a department store or oil company, and see if you are approved. Wait a few months before applying for another card.

A second approach is to get a secured credit card. With a secured card, you place a deposit with the credit card company and they provide you with a credit card. The credit limit is typically equal to the deposit.

Carrying a small balance on the department store cards or secured card isn't a bad idea because it shows that you can handle an outstanding balance. I don't think it makes as much sense to carry a balance on an oil company card because it conveys a message that you can't keep current on your gasoline purchases.

It's critical that you stay current on all of your bills. Late payments, missed payments or other payment problems will undo all your efforts to build a credit history to the point where you have ready access to credit.

Here's some additional information that might help you successfully get a credit card:

Unsecured Credit Cards Credit Card

There are many different options to obtain the ease of use that plastic money can afford. Check out your options so that you understand what available and you are not limited to the traditional unsecured credit cards.

Applying for a Credit Card

We have outlined some things you should stop to consider before you decide to apply for a credit card. We discuss features, methods of application, etc..

Credit Card Application Online

Once you have decided to apply for a credit card there are many options. Here we look at the issues, both pro and con, of filling out your credit card application online.

Instant Approval of your Credit Card

Always a bonus for those of us who cannot stand to wait, online applications often offer instant approval for your credit card application. Instant gratification has its issues however and you should check out our article for the details.