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Credit Card Applications » News » Other » Checking Your Credit Card Applications

Checking Your Credit Card Applications

February 13, 2007 | Updated on February 13, 2007
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The content is accurate at the time of publication and is subject to change.

It is no surprise, that today’s credit card applications, even the best ones, can bring more harm to credit card applicants than good. It is natural that banks and credit card companies, no matter how respectable they might be, are more concerned with their own profit. Thus are ready to provide credit consumers with credit card applications the consumers cannot actually afford.

The numerous web sites feature the best credit cards applications and make your credit card search smooth and fast. What’s more, credit card issuers, when placing their credit card offers online, employ various tricks to persuade the customer to apply online. They put up a show of the most common and most attractive attributes of a credit card, trying to keep back a plenty of other fees and charges that appear to be not that attractive later on, when it comes to paying them off.

A recent survey shows that banks are really acting in a slipshod manner when approving credit card applications for people lacking enough means to hold a credit card. What is their fault? Well, they are offering you best online credit card applications such as best reward credit cards, gasoline credit cards and hotel credit cards which are just impossible to refuse – so enticing they look. But this is just an outward form of a credit card.

What’s more customers are overloaded with low rates, no fees and other charges credit card applications that promise you to improve your budget and raise the quality of your life. So, when applying for a credit card, customers do not think such favorable credit card deals can result in something else but prosperity for their purse.

According to statistics, credit card issuers and banks accept your credit card application without checking much whether the credit consumer can really afford repaying on his or her credit card. Many creditors simply ignore the facts of your earnings and spending and do not bring them into correlation with the requirements of a certain credit card offer.

When applying for a credit card, a customer is no doubt required to present information on his income and expenditures but there seems to be no need in proving the proof for the items presented. It has been stated that only ten percent of credit card applicants were demanded to provide the proof of their income before being approved for a credit card. Thus, the credit card application process becomes extremely easy and together with the rise of credit card deals made, there is a growing number of customers flopping into credit debt.

Admitting this, credit card issuers make a profit out of your monthly payments that become higher due to being overcharged as a result of your delayed bills. It is a general practice to charge your credit card with extra rates and penalty fees if you delay your bill, thus, you become poorer and your creditor richer.

These facts can make you think that you are a hopeless victim of credit card companies and your own desires for credit cards. But that is not so in fact. Look around, and you’ll see lots of successful credit consumers that really benefit from the credit card use. What makes them different? It is their credit education and deliberateness in credit card search and credit card applications that allows them to find the most appropriate credit card and make the best credit card deal.

What can you personally do to join the happier part of credit consumers? In the first place, you shouldn’t pounce on the first credit card application you see. Check your financial resources before your bank or credit card company carelessly and for their own interest checks your eligibility for a credit card application and ability to manage a credit card properly.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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  • Larry
    With the Virgin / Barclaycard signature offer, there seems to be some consumer deception or maybe even outright fraud goin on.   I decided to jump on this offer..  read all the info on it..  was approved for their platinum card, paid the fee, then was only awarded 10,000 points instead of the advertised 20,000.   When i inquired about the less than advertised bonus points, Barclaycard claims only Signiture Visa cardmembers get the 20,000..  as a platinum cardholder, you don't qualify for that level of bonus, so you get 10k instead.   Well, in their current ongoing promotions, it states plain as day that....    Applicants approved for the Visa Signature or Platinum Card with $49 annual fee will receive 20,000 Bonus Points awarded to your Virgin America Rewards Account at the close of the first billing statement in which you make your first purchase or balance transfer (that is not returned or rescinded) and have paid the Annual Fee on the account (and such fee is not rescinded). They don't mention anything about a separate program for platinum cardholders..  However, trying to get someone to resolve this issue with either Virgin or Barclaycard seems to be rather impossible.. Seems to me they're simply drawing people in with the fraudulent offer, then simply saying, oh, we're sorry you don't qualify..  but thanks for signing up for our garbage credit card with insane fees..   
  • CreditLandCom
    Thank you for sharing your experience with us. We have reviewed this offer and you are correct, nowhere it is mentioned that 20,000 Bonus can become a 10,000 Bonus all of a sudden... We will mention this in our review of this card so others can make an informed decision. Another way to get Virgin miles is to get an American Express charge card: The Business Gold Rewards Card® now offers 50,000 Miles, though you do have to spend $5,000 in the first three months of card membership to get it. It also has $0 introductory annual fee for the first year, then $175. Premier Rewards Gold Card now offers 25,000 Miles, though you do have to spend $2,000 during your first three months of Card membership. It also has annual fee of $0 for the first year, then $175. While we do not know If any of these offers make sense to you, we are at least sure that you will get advertised bonus in full if you decide to get them... Conversion rates for Virgin America are: 100 Elevate Points = 200 Membership Rewards® Points All the best.
  • Deborah Ellsworth
     would very much like to start a new credit history  by making payments on time I would tohave a credit card that is NOT PREPAYID! I don't need a card with a high limit just something to start a new credit history. Thank You Deborah Ellsworth
  • Deborah Ellsworth
    I would very much like to start a new credit line to get back on track. I DO NOT WANT A PREPAID CARD!! This new credit card if I am approved does not have to hace a high limit just something for me to start over again and prove myself ThankYou. D Ellsworth
  • Miss Edna
    there is a huge problem with the RFIP chip: it is easily compromised. There are already 'readers' in the form of what looks like a cellphone in a case, that scans all the info in the chip by merely walking near a person -- this 'reader' penetrates leather, cloth, spandex, etc. The only thing it will NOT penetrate is METAL. Perhaps one has seen commercials touting metal credit card cases. Here is my hint for a free fix: cut a piece of aluminum foil or use the foil that is used to keep foods fresh, like coffee. Cut it so that when folded once, it forms a sleeve for your credit card. place the credit card in the sleeve, then place the sleeve in your wallet.
  • Robin Parks
    I am looking to apply for the AARP Visa signature card from Chase that offers $100 after spend $500 in first 3 months, no annual fee and 0% interest first year; I don't want to mail in offer because of having to write in Social security #. Can you direct me to the proper on-line site?
  • CreditLandCom
    The Chase bank cards are not currently available at, but you can consider applying for the Citi® Dividend Platinum Select® Visa® Card - $100 Cash Back. The cards has similar terms and cash back program.
  • Becky
    This is Becky Now what do I do just waqit for acard to come to me?
  • CreditLandCom
    Once you have applied, you should receive a letter within 10 business days letting you know if you were approved and when your card will arrive. If you did not receive any letter or notification from the issuer, you should contact them directly. Also, you should contact the issuer if you’ve been waiting for your credit card longer than 30 days. Since we are not a bank and don’t issue credit cards, we cannot give you any information about your application or credit card.
  • SavingStar
    Thank you for posting about SavingStar. Just to clarify one sentence in your article, we have over 5 million members (not 500). Thanks, Josh
  • CreditLandCom
    Sorry for the misprint. We’ve corrected the sentence. Thank you for noticing that.
  • Eric
  • John Stifler
    I think almost all people that familiar with internet, will hardly fall to these scams, but for now, I think people that use computer but don't familiar with internet things, and they has a phone line at their home, they should be warned more than internet users. I think senior people usually got scammed by these kind of "tech support" scams. Found so many reports about them since years ago at complain board sites like We as younger, and know more about this stuff, should help and share information to they who needed it, especially older people.
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