Thanks to the advent of technological advancement and the internet, applying for a credit card isn’t the hassle it used to be in time past. These days, you can make your application online and all from the comfort of your home. Consequently, this progress certainly has its downside as you could end up applying for a card that could expose you to all kinds of financial and even criminal negativity.
Therefore, we have taken it upon ourselves to write this article to guide you on how to apply for a kredittkort online. This guide will help you get the card that suits your needs.
Hence, here are the steps you need to follow:
1. Find out what your credit score is
In most cases, your kreditt (credit) score determines if a credit card issuer will approve your application or not. Visit to learn how to improve your credit score. Hence, knowing what yours is before you start the application is very important.
The score’s scale is 300 – 850. Below are the ranges:
- Excellent score: 720 – 850
- Good score: 690 – 719
- Average score: 630 – 689
- Poor: Less than 630
If your credit score is less than 630 or you don’t even have a credit score, then you can still get a secured credit card. This requires that you make a cash deposit with the issuer. The deposit then becomes your available kreditt (credit).
Over time, your credit can be built using this kind of plastic money. The reason is that your issuer will report your activity to credit bureaus.
2. Choose between low interest, rewards, or 0%
Most kredittkorts offer either low interest or rewards. Hence, you are expected to choose from either option as most cards don’t provide both. Nevertheless, you might get a rewards card that will offer you 0% interest at the introductory but will revert to the usual interest rate after the introductory period is over.
To help you choose, you can opt for low interest if you know that your monthly balance will be frequently carried over into the next month. On the other hand, a rewards card will be best for you if you intend to pay in full at the end of each month.
Furthermore, if you will be going for a low-interest option, then you need to find out what the balance transfer payment will be. Most kredittkorts charge is between 3% – 5%. In most cases, these plastics offer you a 0% APR period. Hence, you should also find about the APR to help you determine what you will pay for any balance that remains or new buys.
3. Decide between travel rewards and cash-back
We think this is an easy decision to make. For folks who travel often, the travel rewards option is the most suitable. You could redeem this reward for some traveling expenses. However, you need to know that you will be charged a fee at the end of each year.
If you want a travel card, move to the next step…
Meanwhile, cash backs will provide you with a reward that is most flexible: cash. This can be used for whatever you want. You could choose to spend it or use it to service your remaining balance. You could even decide to deposit the money in your main back account if your card allows that. Cash-back kredittkorts don’t have an annual fee charge.
You can get this plastic money in three main categories:
i. Flat rate: In this case, you get the same rate paid back on all your purchases. You don’t need to do more since the rate is the same.
ii. Tiered: The cash-back rate is higher for some particular categories like groceries or gas. However, the rate remains the same for all other purchases. Hence, you should know which kort (card) you are using for each special shopping.
iii. Rotating category: On this plastic, you get a cash-back of 5% for those changing categories that occur once in three months. However, you get the same rate for all other purchases. You need to do more to get such cash-back by entering the categories bonus every quarter.
4. Decide between general or co-branded travel kort
This option is for those who prefer a travel card rather than a cash-back card. If you are one of such, then you need to know that two main types of travel kredittkorts exist. They are:
i. General: This type offers you points which you can exchange for your travel expenses. This travel card offers you flexibility because it can be used for booking any airline ticket or hotel. You can equally redeem one of these on any travel-related purchase statement.
ii. Co-branded: This type offers you points for the chain loyalty program of a specific airline or hotel. While they aren’t flexible as general cards, they have better benefits.
Co-branded travel cards are further divided into two:
i. Airline kredittkorts
As you might have rightly guessed, these cards are specifically designed for a particular airline. Rather than flying using numerous airlines, sticking to one airline and having their credit card can make your travels much easier.
Besides, for every purchase you make on this kind of plastic, you get to earn some frequent-flyer points. Interestingly, if you use it for airline purchases, you get to earn extra points. Some other bonuses you could enjoy include upgrades, free checked bags, etc.
ii. Hotel kredittkorts
These cards allow you to get points that can be redeemed in the chain loyalty program of a hotel. Also, when you make a purchase at the hotel, you get to earn additional points. You could exchange the points for a free night or room upgrades and other bonuses.
Irrespective of the travel kort, as we mentioned earlier, you will be required to pay an annual fee. However, the sign-up bonuses you can get from these cards could be up to several hundreds of dollars.
Some Kredittkorts we recommend
Despite the above steps, we understand that it might still be difficult for you to select the right that will suit your needs. Therefore, we have decided to look at some of the highly recommend credit cards you can apply for.
1. Discover it® Secured Credit Card
This card is great for folks who have poor or no credit. You can apply for this and get cash backs at the rate of 2% at gas stations and restaurants. This can amount to a total of $1,000 in a quarter. You also get cash-back of 1% on your other purchases. You don’t have to worry about annual fees as its rate is $0.
After using this kort for eight months, your account will be reviewed and a decision will be made to decide if you can be upgraded to an unsecured card.
2. U.S. Bank Visa® Platinum Card
If you are looking for a kredittkort with a very long period of no interest, then allow us to introduce you to this plastic money. It offers an intro APR of 0% that includes balance transfers and purchases that lasts for 20 billing cycles. You also get to enjoy a 0$ annual fee.
3. Citi® Double Cash Card – 18 month BT offer
This flat-rate cash-back card offers you a cash-back of 1% for every dollar spent by you and a cash-back of 1% for every dollar paid back by you.
4. Chase Sapphire Preferred® Card
This kort offers you different kinds of bonus rewards for a wide range of categories which include travel and dining. When you book travel using chase points, the points you earn have a worth of 1.25 cents for each point.
Conclusion
We believe you now know the choices to make when applying for a credit card online using the information supplied in this article.
