Instant credit card applications: are they really as quick as they claim? | Credit

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There are many online credit card companies providing instant decision credit applications. These are often safe, easy ways to apply for credit, whatever your circumstances, and whatever the reason. Perhaps you need money urgently, for an unexpected bill, or perhaps you just need some extra cash for a holiday, or a new car? Some of the companies also offer credit to people with bad credit histories, so, if things are a little tight, it could also be something to consider (although you should only ever use a credit card in this eventuality if you have a suitable repayment strategy). Whatever the reason it may be worth looking online for the offer that best suits you.

There are cards out there designed for people with all sorts of credit histories, but be wary of huge APR rates once the introductory period is over; making an instant credit card application may be super fast, but the time it takes you to pay back your loan may not be. Make sure you have all the details in front of you before you sign up. Knowing your way around all of the terms and conditions of any card before making an instant credit card application is the most important thing to keep in mind when looking to apply; after all why sign up for a card affiliated with air miles when you don't fly regularly? No one likes to make mistakes, especially if they lead to unwanted fees or charges!

One of the best ways to get free independent advice is on any credit product including all forms of credit cards whether pre pay or standard is to visit one of the many online financial comparison communities. There are many of these around, and can be found easily by simply typing 'finance comparison site' into any search engine. These sites cut away the fancy advertising schemes and simply break down the terms of each card revealing what you can expect after introductory periods. Most cards are also reviewed by independent writers, so you can get the most independent review of any card at any time. These sites are even great for getting to the bottom of loyalty schemes and will tell you which card has which affiliates so that you can better assess if a particular product is the right one for you. Choosing a card that benefits you every time you make a regular purchase is probably always going to be the best choice, so brush up on which card is giving away points for shopping at your favourite store.

Once you have a clearer idea of which product you're looking for the actual process of an instant credit card application is very simple. You will need to provide details of your current address and previous addresses, your date of birth and your income. These help the company run a simple credit check on you. Once you have entered your details into any card website these will be encrypted and stored so that no third party can access them. Credit card companies have spent a lot of time and money making their sites secure so that even those who are unsure of the Internet will feel confident making an instant credit card application. This relatively new way of applying for credit is very secure and saves the hassle of visiting the bank or waiting for a postal verdict.

Although some people are put off by the idea of making online credit card applications due to concerns about security it is safe to say that the main providers of credit cards have adequate software encryption to guarantee that any third party looking at your details will be unable to read them.

If you are refused an application however, you are entitled to see what current details the credit checker holds on you and to view your credit rating. This information is available for free online should you wish to access it before or after your application. Simply type in 'credit check sites' to any search engine and you will be able to access your file.

About the Author

Hannah Callen, a writer for Money-Now.co.uk, has published several articles on the subject of personal finance and enjoys breaking down the jargon about instant decision credit cards. If you're looking for further impartial advice about credit cards why not visit Which.co.uk .

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