Applying For Online Credit Cards

“Don’t leave without it.” This was the slogan that accompanied the first major universal credit cards issued by the American Express. This was in the year 1958.

Now, we have an enormously expanding economy and businesses. In order to manage the traffic in the financial sector, the banks have come up with a new trend called the ecommerce or in simple words online banking and online credit cards usage.

There are many banks that provide an online credit card these days. These cards can be used to shop online ranging from getting a T-shirt, paying your utility bills, purchasing air tickets, paying your insurance and many more using your credit card number and verification code; however there are many hijacks of passwords taking place online through server pirating. So, beware of this theft too. You have nothing to do in preventing such hijacks, but you are warned of the misbehaviors in online credit cards too.

How to apply? The process of availing the online credit card can be done completely online.

Eligibility criteria: The eligibility criteria differ from one bank to another depending upon the standards they expect. It is predominantly decided on the basis of Net Annual Income and age limits.

Benefits of online credit cards lie in that they provide easier modes of banking; they enable faster transactions; there is no need for mediators in transaction; they facilitate easy shopping.

There are different classes of online credit cards available. They can be premium cards, classic cards, value for money cards, co-branded cards, affinity cards and corporate cards. The issue of such depends upon your financial capability.

Navigating through the World Wide Web one would come across a hundred choices. Choosing the suitable one is really easy, but you may feel ripped if you are not wise enough to use your credit cards. You may land up paying high interest and penalty if you do not pay the dues on time. A day’s delay also causes increased interest rates and accessory charges.

Some of the registered authenticated companies in this field include American Express, Visa cards, Discover card, Master card, Advanta card, HSBC card, Citi card, Bank of America card, etc.

So before applying for the credit card, it is better to assess your needs. It is useful to have a credit card and it is equally harmful as well. Living within means is the best advice, but no one cares. Owning online credit cards is the fashion of these days!