How To Get A Credit Card

Posted by Nick Niesen on October 29th, 2010

Credit cards are basically every where almost every American have at least two credit card. Most of the time the ones who are going to apply for a credit card are the kids who have started working already or the older ones who have a very bad credit rating and has been denied several times already.

There are two ways to get a credit card: one is to do it online and the other to go to the bank where you want to get a credit card.

Getting a credit card online is very easy. So many sites cater to this need. The easiest way is to use a search engine and scan through the different sites and look at the best type of credit card that you think suits you.

Online searching is a good way to research more and compare interest rates and benefits before applying for the card. It allows you to have a lot of choices in less time.

Going to a bank on the other hand, will be a big help if you are the type of person who prefers to get all the information possible before getting the card. It pays to look around first, gather more information and compare cards.

Before you consider a certain credit card, try to do a couple of the things listed here.

Research first
Yes, before you say that you want a specific card already try to learn more about that card and look for other cards as well.

Interest rate
This should be your major focus before you apply for the card. You need to know how big their interest rate is. Your savings depends entirely on this. It is important that you compare at least 3 different types of credit card before you make a final decision.

Compare
After all the researching, list all the information you gathered and compare them all. Look at their benefits and what they don?t have that other credit cards have.

Qualifications
One of the main considerations for a credit card approval is if you fit their general requirements. Here are a few things credit card companies need to see first:

-you are of legal age (18)
-you must have a source of income
-your savings account is within the maintaining balance (specially if you are a newbie)
-you should a billing statement in your own name
-your annual income must be at least $12,000

It is very rewarding to have a credit card especially if you don?t bring a lot of cash all the time. Aside from the instant money it does it can also give rewards if you are a good credit card holder and if you use your credit all the time.

As anybody knows too much of something is bad. Credit card gives us a false notion that we have money when in fact we really don?t. A lot of credit card holders fall into debt because of their overspending.

Remember spend only on what is important and make sure that you can pay for it with your income without compromising your important bills and your daily sustenance. A good credit record will reward you most specially at the time when you need it the most.

Getting a credit card is easy, keeping it isn?t.