Credit Card Application

Published on 14 July 2012 by Raffick Marday

If you are looking to open a credit card account here are the basics you need

Who can apply for a credit card?

Any one who is a UK resident aged 18 or over with a UK bank or building society.

What information do i need to open a credit card account?

  • Your bank sort code and account number
  • Employment and salary details
  • Your address history for the last 3 years
  • Details of current borrowings, loans, credit cards & overdrafts
 How long does it take to complete an online credit card application?
The process has now become quick and simple to apply so now it only take a few minutes to complete and the full process can now be done online.
How long will it take for the credit card company to come back with an answer?
You will get an instant decision if you have applied online between the hours of 8am – 8pm Monday to Thursday, 8am – 5pm on Friday.
New criteria is now in place where a percentage of applications will be referred to a Credit Analyst to be reviewed and can take 7 to 10 working days.
How much credit can I get on my new credit card?

The amount issued by a credit card company will be determined when you apply for the card. It will be individual to you and depend on your salary and credit history.

What is a representative example?

All companies which compare or show credit cards on their site now have to provide you with further information such as giving you a representative example of what you may be paying for that credit card. See an example of a representative example below16.9% APR Representative example

What is the credit card summary box?

All credit cards need to display a summary box. A Summary Box gives you clear infomation about the key features of a credit card and does not replace any terms and conditions.

Credit Card application forms are now straightforward

If you are applying for a credit card online check to see if they have any offers

Some credit cards companies offer discounted rates or discounts of exclusive deals they have obtained from their partners for example Barclaycard offer at least 7% discount off the latest prices from over 150 tour and cruise operators. This special offer is available through Barclaycard’s travel service operated by Thomas Cook and can be yours once you complete a barclaycard credit card application and once you are accepted you can then purchase.

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