What are credit cards'?
Credit card is a card you can apply form bank,financial institute where the provider offers you a convenience for you to spend money in advance ,there will offered a credit based on your profile and financial background.
Pros and cons
Credit cards has pros and cons , if you are running a business specially retail outlet, you probably should be accepting Credit card as one of the method of payment.You will be a merchant. Credit Card processing money starts at the point of sale.It also can be done from phone orders, mail orders, e-commerce orders. where orders don't need the signature verification. Many bank and
financial institutions require that such transactions nowadays,one great example will be the trascation buying and selling goods and services online via credit card.e.g.Visa and Master.
You should always Understand the credit card process before making any buyinfg and selling decisions.Learn how to use your card wisely and find knowledge to your very own circumstances,ask questions from those who have experiences,e-mail the bank, explore the links on Internet.etc.
Before apply new card, keep a check list of the features and benefits of each card provider, plus the costs,interest rate,minimum payment etc. Start with the lower costs on the beginning stage.Dont't forget to reserve and uncover any potential costs with each provider. Don't overlook the benefits of working with so called a world-class bank credit card provider . The added operational and technical support you might receive can be well worth a slightly higher discount fee.
More than anything else, chosing the right bank card provider will protect your against losses or money wasted. Make sure you know how to handle the transactions of using credit card.If you meet the requirements exactly you can be accepted instantly, but if your
credit rating is very bad then it is highly likely that you will be rejected.
How to check whether you are eligible?
Basically If you are new and haven't had any credit card in the past,when you aply a new card,For bank to approved your apllication, you will need a good credit background,meaning you have a stablre job or ghood anount of fixed asset,It is to ensure you have the abilility to pay your credit card debt.
You may still be approved if your rating is not 100% clean, but it's unlikely that this decision will be instant, as your application will have to be reviewed further.
Additionally, you will be required to have fully functioning bank account, be over 18 years old and be registered on the electoral roll.
What are the benefits of an instant decision credit card?
It does what it says on the tin. You get a very quick decision on whether you can get credit from that provider or not, and your card arrives soon afterwards.
They can be good if you need to pay for something urgently up front, such as travel expenses. They're also suited to people who don't have time to spend a long time filling in forms and responding to follow up calls and emails from the credit company.
Additionally, you get all the benefits that normally come with a credit card, such as protection if your card gets stolen or cloned and cover on any purchases between $100 and $30,000 depend on your local bank rate.
What are the cons of an instant decision credit card?
Credit providers know that when you apply for an instant decision card, your priority is the speed at which you can get it, rather than making sure you have the best possible deal. As a result, the deals offered with instant decision credit cards typically have higher rates and fewer benefits than their slower decision counterparts.
How do I know which is the best provider?
In the past, comparing offers meant hours of research and drawing up tables, but thanks to comparisons sites this is no longer the case. Online searches will highlight exactly what each provider is offering in terms of APR, interest and additional benefits (such as cashback and points schemes on certain purchases), making it easy for you to find the best card for you.
However, as with any credit application, it's important to check the small print to ensure you're not signing up for something which will leave you in financial trouble or with a poor credit rating later down the line.
