Fill out one credit card application apply for secured credit card, apply for MasterCard, apply for visa card and joint credit card application apply and get approved for several credit cards!
Applying for more than one credit card, what happens if you simultaneously apply for credit cards to a dozen banks in your area? Inevitably, although through different chains, many of the banks will be connected to the same major bank.
Fill Out One Application And Get Approved:
1) The major bank approves your credit. The major bank may have a relationship with the agent banks that prevents an applicant from obtaining more than one credit card from the major bank.
In other words, if you apply to 12 banks that are connected to the same major bank, the major bank will issue you only one account. Therefore, only one credit card will result from your efforts.
2) The smaller agent banks approve your application. The major bank may issue several cards to the same individual, if the agent banks will assume responsibility for approving your credit instead of leaving it to the major bank. Furthermore, the agent banks would also have to assume responsibility for any defaults in payment.
Determining which chains do or do not issue duplicate cards requires some detective work, but is well worth the effort if your objective is to get more than one or two bank credit cards.
Research in your geographic area of the country will give you greater insight into which Bank Card System can best serve your needs.
Duplicate accounts are seldom allowed. Of the 12 applications processed by the major bank, the first one accepted becomes your account; 11 are automatically canceled out as they enter the main computerized system.
The credit card will reflect the name of the bank that was on the accepted application. Unfortunately, however, you have needlessly generated 11 useless and potentially harmful inquiries on your credit report.
Don't be tempted to fill out an application with false information or a friend's information on the Internet. This is electronic fraud, and crosses state lines, so you could be in potentially huge trouble.
An online credit application is a great time saver for all of us, so don't abuse the privilege; you won't like the hot water you get into.
Many of the major credit card companies encourage their customers to apply for credit cards online. This is due to the fact that they save on the costs related to processing of the request, when you apply online. By applying for credit card accounts online, your personal information smoothly flows into the credit card suppliers database.
As a result, your application will be processed very quickly. Sometimes if you apply for a credit card online, apply for visa card or apply for mastercard and are accepted, you might receive you credit card quicker.
Applying online for credit cards saves you the time and headache that comes along with applying by snail mail. You are able to do a comparison of the various credit cards once more over the internet in real time before you apply for your credit cards.
Fill out one credit application and apply for a secured credit card, apply for a master card and apply for a visa card apply today and get approved for several credit cards!
Return from Credit Card Application to Credit Card Deal!
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Disclosure: I am an independent Credit Repair Cloud™ Affiliate, not an employee. I receive referral payments from Credit Repair Cloud. The opinions expressed here are my own and are not official statements of Credit Repair Cloud.