Applying For A Credit Card - A Quick Glimpse Into The Formalities Involved
Today's world revolves on the hinges of the "superfast" - ultrasonic jets, speedy vehicles, flyovers, expressways...
the economy booming all around.
So is the world of money doing the fast lanes...
small little plastic cards able to accomplish a host of purchases and transactions the world over.
People are literally crazy about owning these little plastic cards.
These cards called credit cards are the entrants to the financial portals.
Banks are overflowing with applications from people from all walks of life, young and old, educated as well as peasants, rich as well as the not-so-rich, the businessman, the professionals, bankers, as well as students, eager to own the magic plastic card.
Now the currency notes and the hard cash changing hands are being replaced by the credit cards everywhere.
People prefer the convenience of credit cards instead of wallets overflowing with dollar bills.
But before we become accustomed to the modern wonder, it is prudent to spare a thought to the responsibility that goes with it.
One should be aware of the several "do's" and "don'ts" that are an integral part of the protection the federal law offers you.
Be very careful while filling up your details in that hurried application for credit card.
A lot of effort, time and expense goes into verifying every little detail about the applicant vis-a-vis the identity.
Such applications have become quite tedious in the United States as the US Patriotic Act requires further verification of the applicant for a host of utilities including credit card.
But nobody in the US seems to mind the tedious formalities associated with the issue of the credit cards as credit cards have become a necessity rather than a luxury these days.
Every average American today uses scores ofcredit cards at least once every day.
This is the state of the middle class only so you can just imagine the number of credit card applications the banks and the verifying authorities are flooded with every day.
As of date, about ten million application for credit cards are getting processed a day.
This number is sure to go on increasing day by day with credit and debit cards becoming a way of life.
It has become a very pressing need of the day to educate people on the prudent use of the credit cards so that they do not throw away their hard-earned money on wasteful and meaningless expenses that benefit no one or at best, only a few .
So when you get down to write out that application for obtaining the credit card, remember that you are changing over to life's fast track and reforming your purchasing power.
You will be surprised to be asked by the states to whom your application has been forwarded,to fill out another formor acceptance form even though you have filled in the details in the original application.
This is a way of ensuring and verifying that the applicant making the application and the person receiving the credit card is one and the same.
The credit card bank or the credit card company issuing the credit card needs to verify that they are sending the card to the correct person who has made the application originally.
These days online application forms and online verification is available to simplify the process.
One needs to be aware of implications of the replies he gives over and above the mandatory name, address and contact numbers as well as the hidden charges that could prove costly in the long run.
the economy booming all around.
So is the world of money doing the fast lanes...
small little plastic cards able to accomplish a host of purchases and transactions the world over.
People are literally crazy about owning these little plastic cards.
These cards called credit cards are the entrants to the financial portals.
Banks are overflowing with applications from people from all walks of life, young and old, educated as well as peasants, rich as well as the not-so-rich, the businessman, the professionals, bankers, as well as students, eager to own the magic plastic card.
Now the currency notes and the hard cash changing hands are being replaced by the credit cards everywhere.
People prefer the convenience of credit cards instead of wallets overflowing with dollar bills.
But before we become accustomed to the modern wonder, it is prudent to spare a thought to the responsibility that goes with it.
One should be aware of the several "do's" and "don'ts" that are an integral part of the protection the federal law offers you.
Be very careful while filling up your details in that hurried application for credit card.
A lot of effort, time and expense goes into verifying every little detail about the applicant vis-a-vis the identity.
Such applications have become quite tedious in the United States as the US Patriotic Act requires further verification of the applicant for a host of utilities including credit card.
But nobody in the US seems to mind the tedious formalities associated with the issue of the credit cards as credit cards have become a necessity rather than a luxury these days.
Every average American today uses scores ofcredit cards at least once every day.
This is the state of the middle class only so you can just imagine the number of credit card applications the banks and the verifying authorities are flooded with every day.
As of date, about ten million application for credit cards are getting processed a day.
This number is sure to go on increasing day by day with credit and debit cards becoming a way of life.
It has become a very pressing need of the day to educate people on the prudent use of the credit cards so that they do not throw away their hard-earned money on wasteful and meaningless expenses that benefit no one or at best, only a few .
So when you get down to write out that application for obtaining the credit card, remember that you are changing over to life's fast track and reforming your purchasing power.
You will be surprised to be asked by the states to whom your application has been forwarded,to fill out another formor acceptance form even though you have filled in the details in the original application.
This is a way of ensuring and verifying that the applicant making the application and the person receiving the credit card is one and the same.
The credit card bank or the credit card company issuing the credit card needs to verify that they are sending the card to the correct person who has made the application originally.
These days online application forms and online verification is available to simplify the process.
One needs to be aware of implications of the replies he gives over and above the mandatory name, address and contact numbers as well as the hidden charges that could prove costly in the long run.
