Guide Before Applying for a Credit Card

You may register for your first credit card in person, by mail, over the phone, or online, and if your credit score is excellent, you’ll have a selection of cards and financial institutions to choose from.

You should be allowed to apply for a credit card if you are over the age of 18. Also, have a credit history and a source of income. Even people with limited credit histories can apply for a beginning credit card or a secured credit card to start laying the groundwork. You should also check the credit card eligibility criteria like if you want to apply for a slice credit card, then you should meet the slice credit card eligibility.

We’ll guide you through the online application process not just because it’s the simplest. But also because internet credit card research will help you no matter how you apply for a credit card. 

Check CIBIL score

Checking your credit score before applying for a credit card ensures that you are completely informed about the kind of interest rates. You can anticipate your offers, as well as the incentives you may be eligible for. The score will be between 300 and 900 points, with anything above 750 deemed “excellent”. You may check it with credit-reporting bureaus TransUnion (CIBIL).

You should also examine your recent credit queries, which are temporary flags on your report caused by recent credit checks. Applying for too many credit cards in a short period implies that many queries are hitting your report at the same time. Which might reduce your credit score.

Compare charges and offers

Conduct thorough research to determine which card is ideal for you, paying close attention to annual fees and interest rates. We propose that you start with this list of the finest credit cards available right now. Keep an eye out for ongoing incentives as well as any sign-up bonuses available to new cardholders.

If nothing catches your eye, it’s usually a good idea to ask your friends about cards they enjoy or recommend one you like to them. Since both sides benefit when you encourage someone new to sign up. Just be sure to use the supplied code to receive your referral incentive.

Completing an online application

After you’ve decided, search for a “Apply Now” option on the site, which should lead you directly to an application. Questions may vary significantly, but be prepared to submit a combination of personal and financial information. Which includes your name, address, and Social Security number. As well as your yearly income, monthly spending, and the amount in your current bank account.

Send your request

After you’ve submitted your application, you’ll have to sit back and wait for a response. Some issuers respond faster than others, but you should receive a response within 10 to 14 business days.

Get your card

If you’re accepted, top credit card companies dispatch the credit card within 10 to 14 business days, though it’s typically possible to expedite delivery in extreme cases. After that, you’ll need to activate your card before you can begin making purchases.

Some companies such as Revolut offer quick delivery, in as little as 5 days.

Use credit cards Wisely

Switching from a debit card to a credit card like UNI Cards is a critical step since quick access to all of those borrowed cash can lead to the temptation to overspend. However, experts advise using your credit card more like a debit card: use it for large purchases, but make every effort to pay off your amount in full every month, or you might wind up spending a lot in interest.