Credit Card Applications: Not As Scary As You Thought

Credit card applications are very easy to fill out, and follow a standard format that is used by most credit card companies. Most applications for credit cards have a terms and agreement form that is part of the application process, so you should carefully read the fine lines before proceeding to apply. Added fees may be included in some credit card applications to fight fraud and money laundering activities. In addition to these added fees, you will see a rate per use of your credit card.

Also included in the application's terms and agreement plans are features and service summaries, balance transfer disclosures, credit disclosures, and fees. The annual percentage rate (APR) for purchases is emphasized in the terms and agreements as well. Other APRs are usually listed, as well as variable rate information.

Grace periods, repayment of balance and so forth also make up part of the application list. Annual fee, the method of computing the balance for purchases, minimum finance charges and transaction fees should all be reviewed carefully before filling out a credit card application. Just as with any application you fill out, you should always take care to read the fine lines and all the information provided to you to prevent signing off on something you will regret later.

In addition to all that, you sometimes also need to include a statement of your current and past earnings for proof of card approval. You might need to supply the company with your driver's license, social security number, job proofs and credit history before applying for a credit card. Take note of the credit card providers who offer a line of credit to persons who have a bad credit history. Many offer a credit line with fees upfront. Others may present potential hazards and should be researched before applying.