Online credit card applications - the simple choice
More than 14 million Australians have credit cards, and nearly a third of them own at least three cards. This is not surprising as issuers actively market their credit card offers. More conveniently, it is so much easier these days for you to fill out an online credit card application and get it approved.
Why apply online?
You save a lot of time and energy when you submit credit card applications online. Approvals come quickly with expedited processing. You are likely to find that a credit card offers incentives for you to fill out a credit card application online. One attractive offer may be balance transfers at rates so low that you can save a small fortune in finance charges. It is easy to make an online credit card application. In some cases, you may be asked to submit a printed copy of your online credit card application form, so it is good to have a printer handy. The process takes around 10-15 minutes.
How safe is an online credit card application?
The banks assure you that all information provided in these online credit card applications are fully secured so you need not worry about losing your personal information to unauthorised parties. When you click any of the apply now buttons on Click4Credit you are taken to the banks own secure website to complete the application, so you don't provide us with any personal information.
Here's how it works:
Your qualifications
Before you can submit a credit card application, you must qualify to do so.
To qualify, you must be 18 years of age or older and must be an Australian citizen or a permanent resident. There are minimum income requirements that depend on the type of credit card application you're filling out. For standard cards, the required minimum income will vary around $20,000 per annum. Premium cards such as Gold credit cards will require a higher annual income so be realistic about the card you apply for. You will also need to have a good credit rating.
What you need
You should be ready with the following information:
- Driver's licence number (if you have one)
- Employer details (name, contact address and phone number); if self-employed, your accountant's details
- Details on your earnings (from all sources) and your spending; if self-employed, your latest tax information
- Details of what you own in terms of assets and investments
- Details of what you owe in outstanding balance and scheduled repayments on credit cards, mortgages, store accounts, etc.
- Your email address, where bank will contact you
What happens next
Once you have provided all the information required in the online credit card application form, you will receive an e-mail message about the outcome, sent to the address you provided. The message will usually contain an Application Reference Number, which you quote when you inquire about your application. Generally, once your credit card application has been approved you will receive the credit card in about three working days.
The online approval is, in a sense, conditional. The bank has to verify the details you provided and conduct a credit check. If there is a need for you to provide copies of your tax information, income, and other details, you will likely be advised to bring these to the bank's branch office nearest you or you may be able to fax, email or post copies. Final approval of your credit card application will depend on the additional information the bank asks you and/or the results of other verifications.
Credit card application approved!
A credit card offers so much convenience and enhances your financial flexibility. It is a powerful tool of modern living. But it also demands great responsibility from you to manage your finances carefully and to repay the debt involved. Online credit card application makes it easy for you to enjoy the many benefits a credit card offers. The rest will be up to you.
Note: Click4Credit.com.au is independant and not owned by any bank or credit card issuer. The site allows you to compare credit offers side by side and choose a card to meet your individual needs. Click4Credit does not provide financial advice.
