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					Credit Card Applications 101

Word Count:
340

Summary:
Credit cards are ubiquitous and relatively easy to obtain. The process
involves filling out a credit card application form, which is a
relatively straightforward process.


Keywords:
Credit cards, loans, financial tips


Article Body:
Credit cards are ubiquitous and relatively easy to obtain. The process
involves filling out a credit card application form, which is a
relatively straightforward process. All the same, it is advisable to have
an idea of how credit cards work and the right way of filling out a
credit card application.


An individual’s credit history has a major bearing on the approval of his
credit card application. Credit card companies can access an individual’s
credit history from various credit reporting companies. Applicants too
should carefully read the application form and ask relevant questions
about the credit card company. Unless the credit card is from a company
that one is already doing business with, it is advisable to get an idea
of their customer service and check for information on the Better
Business Bureau. The Federal Government requires that the credit card
applications elaborate the terms of credit clearly for the benefit of the
applicant. This makes it easy for applicants to arrive at a decision
regarding the right credit card for their circumstances.


Since credit card usage varies between people, there are different types
of cards available; however, for a majority of people a low interest rate
credit card works best. The credit card application mentions whether the
APR is fixed or variable. The variable rate varies with the prime rate
fixed by the Federal Reserve. A variable APR may not be a good idea for
those who carry their credit balance forward. Other features such as the
annual fees, grace period, and transaction charges should be understood.
This helps in comparing offerings by the various card companies and in
understanding the compatibility of these offerings with one’s lifestyle.


After approval of the application, the card is mailed to the individual.
It is advisable to read the accompanying literature carefully and file it
safely for future reference.
In order to understand the various terms used in a credit card
application and to get other helpful advice, an individual can research
on various websites that offer easy-to-understand explanations.

				
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