Apply for a Credit Card
When you're ready to fill out a credit card application,
you first need to decide which card you want.
One of the best ways to weight one against the
other is to research them online. Most, if not
all, will allow you fill out an application online.
But even if you only want to research the subject,
you can look at the language and terms of the
application on the Internet before committing.
* This online application is subject
to the terms and conditions as described in the
Important Information Section of the application.
*See the online credit card application for details
about terms and conditions. Reasonable efforts
are made to maintain accurate information. However
all credit card information is presented without
warranty. When you click on the “Apply Here"
button, you can review the credit card terms and
conditions on the cooresponding card issuer’s
Credit cards are becoming more of a necessity
in the high-tech 21st century. More often we are
seeing things limited to credit card payments.
This can be frustrating if you do not have one,
and somewhat empowering when you do. Having one
not only makes paying for things easier, but it
gives people a sense of security, as it is a good
back-up plan if you have an emergency to take
Before you do commit to one, be sure you read
all the fine print. And make sure you know what
all the language means. You're likely to run into
a bunch of terms that you might not understand.
Here's an explanation of some of them:
- "Annual Fee" - Refers to a yearly
flat charge somewhat like a membership fee.
A lot of cards today are offering "no annual
fee" credit cards to get your business.
- "Grace Period" - Signifies a period
of time (most often around 25 days) in which
you can pay your card bill without being penalized
with a finance charge.
- "Annual Percentage Rate, or APR"
- Refers to a yearly percentage of your finance
- "Fixed Rate" - Indicates the fixed
annual percent of the finance charge.
- "Variable Rate" - Refers to the
prime rate plus an additional percentage (Example:
A rate could be the prime rate plus 4.9 percent).
- "Introductory Rate" - Refers to
an APR that is lower than a typical rate, but
which lasts for only about the first six months
after the person has received credit. After
that, it converts to the normal fixed rate.