Choosing and applying for a credit card

Credit card applications are not complicated. Prior to applying for a credit card, you should learn about the many types of cards available and which ones are most suited to your specific financial circumstances. We’ll walk you through the process of applying for a credit card through several channels and explain the normal procedures that are required.

Applying for a credit card can be done in a variety of ways

1. The bank’s official webpage

If you already have a particular product in mind or a preferred supplier in mind, you may apply for a credit card via any bank’s website. If you already have a savings or checking account with a bank, the bank can simply follow your cash flow and verify your information, making it easier to get your application accepted.

2. Walk into a branch

You may apply for a credit card in person at any bank office in your region by filling out a credit card application form. An ID card, three months’ worth of income statements (pay stubs), an EPF statement (last and preceding year), and three months’ worth of bank statements are necessary.

3. Scroll Sites

Using a laptop or smartphone, you may look for, compare, and apply for the credit card of your choice at any time. There are customer service who can help you gather all the necessary paperwork and walk you through the process of applying for a credit card.

4. Agents of credit cards

Almost every retail mall, supermarket, office building, and public transit stop has a credit card representative. However, it may be difficult for you to evaluate and select the finest credit cards because of the little time you have to talk with these representatives. To make up for this, several banks give away goodies like baggage bags and soft toys to customers who apply for a credit card through one of these brokers.

5. Toll-free numbers

In order to apply for a credit card, you can phone the bank’s hotline and request the email address of the bank’s consultant or assistant. In some cases, your bank may contact you to inquire about your interest in applying for a specific credit card.

Checking the Status of Your Application

The time it takes for the bank to approve your credit card application ranges from one to two months on average. The essential documents for a comprehensive credit card application are a copy of your ID card, your most recent tax returns, and your most recent EPF (Employee Provident Fund) statements.

No matter what, you may always call the bank’s hotline number to see if your application has been processed or not. If you applied through a certain branch, agency, or comparison site, you may always refer back to that route.

You may monitor the status of your application online if you applied through a banking site.

You can acquire a tracking code from your bank’s website, which you’ll need when phoning their customer service hotline so they can look up your account information.

It is the lender’s responsibility to notify you and provide the name and contact information of the credit reference agency that has rejected your application for credit. You can then get a copy of your credit file from the credit reference agency. Asking the lender why your credit application was rejected is always a smart idea. Talk to the credit reference bureau and, if required, the credit provider to fix any errors on your credit report.