E-commerce has forever changed the landscape of financial transactions
. High speed technology has made banking a lot quicker and flexible. Previously, to apply for a credit card involved making an appointment with a bank, filling out forms, having an interview, and then waiting for the decision to be made. Now the whole process has been speeded up to the extent were it is almost possible to have an instant credit card.
There are many advantages that come with applying for a credit card through the internet. Of course the speed at which an approval is made is usually the most important factor.
If we apply for a card it is probably because we already have an idea in our mind of items we want to buy using credit. Through being able to find out immediately if an application has been approved it is then far easier to organise and plan your finances.
Of course an online application will not require a long and nervous interview with the lender. In many cases these interviews would have been scheduled for a bad time when you are likely to be in work. The internet is far more convenient than a High Street Bank could ever be.
There are a greater variety of lenders available online as compared to what can be found in any town or city. If you can find a company that operates solely as an online company then they may be able to offer you a credit card with a better APR and interest rate as web based companies have lower overheads than physical banks and can therefore pass on savings to their customers and clients.
Be aware that just because you are applying online does not mean that there will be no credit check. If you have a poor credit score then search for a website that offers credit cards to people like you.