Applying for a credit card is much easier today than it used to be thanks to the Internet and online applications. Generally you will even be given an immediate response or perhaps within a few minutes. Some sites, however, will still take a few days to notify you by mail.

However, with so many US consumers defaulting on their debts, many people’s credit scores are starting to go down the drain. If you are in a similar position were your credit has been ruined, the chances of you obtaining a credit card are very slim. Also if you have a hard time managing your monthly expenses you probably want to hold off on this to prevent future problems.

When applying for a new credit card, it is important to realize what your goals are. Do you have good credit now and just want different features on your credit card account? What are your spending patterns like? Do you need a larger available balance than your existing credit card account? Are you planning on consolidating multiple credit card accounts via a balance transfer option? Do you travel frequently and need mileage bonuses on your credit cards? All of these are very important questions to ask yourself before applying for a credit card, because there are many companies and even account types within the company that you need to compare and evaluate in order to make an informed decision. You definitely do not just want to jump on the first credit card you find.

Once you have your list of features and benefits that you are looking for, you need to begin your search. It is best to do everything you can to narrow down your search before providing any financial info or doing a formal application. The reason is, you don’t want to excessively apply for numerous credit cards and have a flurry of credit requests hit your account all at once.

The best way to do this is to comparison shop online via any one of the many credit card comparison sites. They can offer you side by side feature comparisons of the various companies and cards offered so that you can see the ones that might best fit your particular needs. They will usually have links to those sites so that once you have made up your mind, you can quickly apply.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.