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How to Apply For an Australian Credit Card Online

The online application process for a credit card can be completed in a few easy steps saving you time and headaches involved in long queue at the bank and on the telephone. If you are interested in applying for a credit card online all you have to do is search and compare, be eligible with the banks criteria, provide personal details and fill in the online application form.

Step 1: Search and Compare

In order to get the best credit card for you it is important to use a credit card comparison web site, these web sites enable you to select the most appropriate card for you saving you time and money searching all over the web for an online deal. You must choose the type of credit card you want, the interest rate you are willing to pay.

For example Sally wants a low interest credit card that allows her to transfer the balance of her old credit card and pay it off in a 6 month period at zero percent interest. Sally would be able to choose from the St George Vertigo Mastercard, Aussie Mastercard, or Citibank Clear Visa. All of these credit cards give Sally an interest rate on purchased under 13 percent and give her a 6 month 0 percent offer on balance transfers.

In another case Mark would like a credit card that gives him a good rewards program, Mark is not concerned about the interest rate as he has the money to pay off his credit card balance at the end of each month. There are several credit cards that meet Mark's needs, such as, Woolworth's Everyday Money Card, Citibank BP Mastercard, ANZ Frequent Flyer and the ANZ Balance Visa.

Step 2: Who Can Apply

To apply for a credit card in Australia, banks require you to meet a certain criteria. You need to be at least 18 years old, be a permanent resident of Australia, have a good credit standing and earn at least $20,000, this amount may be more depending on the type of credit card you are applying for. If you tick all the boxes on the information above then you are ready to move to the next step, providing personal details.

Step 3: Provide Personal Details

Once you have met the banks criteria's then the next step is to provide your personal details. This involves your current employment situation, drivers license, your assets, liabilities, income and expenses. Once you have gathered this information then you are ready for the online application process that should only take 10-15 minutes to complete and give you an immediate response. You can get your credit card in your hand sometimes within 48 hours depending on the bank you are applying with.

Step 4: Waiting For Approval

There are several factors that will affect whether you are accepted for your credit card application. The bank needs to verify your personal details, you must agree to the privacy act statement, your ability to provide further information if required and whether you have passed the banks credit check. If you have satisfied these steps then congratulations you will receive your new credit card within a short period of time.

Article Source: Clinton Balgera

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