Top Mistakes People Make to NOT Get Instant Credit Card Approval
Top Mistakes People Make to NOT Get Instant Credit Card Approval
If you are filling out a credit card application online, hoping to get instant credit card approval, you could be risking disapproval if you make the following mistakes:
Instant Credit Card Approval Pitfall #1: Mistyping important identifying information. Be careful that you type your information correctly. Many instant credit card approval applications are denied because the information doesn't line up with what they already have on record.
Instant Credit Card Approval Pitfall #2: Skipping sections on the application. Put in all of your information. There are no short cuts to instant credit card approval! You need to make sure that your employment information is accurately stated because that will be a determining factor in whether or not they will approve you.
Instant Credit Card Approval Pitfall #3: Asking for too much. If you are requesting a specific card or a certain credit limit or interest rate, you might be declined if the amount you are asking for doesn't match your risk profile (as determined by the credit card company). It is far easier to start small and slowly work your way up to a larger credit limit and to lower interest rates.
Instant Credit Card Approval Pitfall #4: Not having your information handy. Many online applications have timed out without the applicant realizing it while they are searching through their records to find a pay stub or a previous address. Keep this from happening by gathering your information ahead of time.
Instant Credit Card Approval Pitfall #5: Lying about your income. Of course your income plays a role in how much credit the credit card company is willing to give. And there are lots of people who stretch the truth slightly in the hopes that it will increase their chances to get a credit card. However, bureaus have a pretty good idea of what you are making based on a number of factors and this could come back to haunt you, either now or in the future.
If you want an instant credit card approval, avoid these 5 common mistakes and you'll increase your chances for faster approval times!