June 22 2022
How to apply for a credit card online step by step
Best online loans
Unlike what happened a few years ago, having to go to the bank to apply for a credit card is no longer necessary. Today there are numerous entities that allow you to register online, and below we present a selection of the best online credit cards and the steps to follow to apply for them.
If you are looking to apply for a credit card online to save you the hassle of going to the bank office, at Moneytochka we help you with that. Take a look at our ranking and find the best online credit card offers, including cards without commissions and without changing banks so you can benefit from fast financing and personal credit card loans.
How to apply for a credit card online step by step
Thanks to the digitization of banking, applying for a credit card online is very easy and fast, you just have to follow these steps:
To start, select one of the online credit cards from our ranking and click on the “Request”.
Immediately, you will be redirected to the entity's website to make your request. Once there, fill in the form with your personal data and attach the required documentation.
After submitting the form, the bank or entity will analyze your credit card application and notify you if it has been approved.
Next, review and sign the contract (this can be done digitally).
Wait for the arrival of the physical credit card at your address within two weeks. If it's a virtual credit card, you'll be able to start using it right away.
What are the requirements to apply for a credit card online?
The requirements to request a credit card online vary depending on the bank or entity in which it is requested. However, in most cases, you will need the following:
- Be of legal age and have a identity document .
- Be the holder of a bank account to which the card will be linked.
- Have proof of income, usually the last three payslips.
- Not have bad credit score.
In addition to this, you must provide the additional documentation requested by the entity. And it is that, although it is possible to apply for credit cards online without paperwork, the bank needs to analyze your financial profile to decide whether to approve your application.
Are there free online credit cards?
As you know, having a credit card is very useful to finance your purchases, but the truth is that it can be expensive. Fortunately, it is possible to apply for a free credit card online, that is, without issuance, maintenance or renewal fees. In general, these commissions can range from 1000 pesos to 50 000 pesos per year, depending on the bank, and you have the possibility of saving that payment.
In addition, some free credit cards also offer other services at no additional cost, such as withdrawals at ATMs from an entity other than your bank, a second card or even the deferral of purchases, as is the case with the credit card. You can get this type of credit from Moneycat.
But how do I get a free credit card online? You almost always need to register as a bank customer, opening an online account with that entity. Additionally, sometimes they ask you to domicile your salary to be able to grant you a free credit card. The good side is that direct debiting your income could help you pay less interest for deferring your payments.
Apply for a credit card online without changing banks, is it possible?
You may think that to apply for a credit card online with a bank you must first become a customer, but as with online loans, this requirement is not always essential. Although it is true that there are linked credit cards, the approval of which depends on your registration as a customer and on having your salary paid directly into your account, there are also non-linked credit cards.
The advantage of these cards is that you do not have to change banks or direct deposit your salary or your income. This, of course, saves you more paperwork and paperwork. Also, if you want to cancel the card, the process becomes easier.
However, it is possible that the entity charges you higher interest than what it would charge you if you were a client. For this reason, we recommend that you carefully evaluate the options you have to contract the one that guarantees you the greatest benefits.
Is it safe to apply for credit cards online?
When applying for credit cards online, many wonder if it is really safe to hire them, especially those who are not yet familiar with new technologies.
At Moneytochka we think that the key is to choose a good entity to apply for your credit card online, such as the ones you find in our ranking. A good example is Maxbank, one of the most prestigious banks in Philippines, which has launched the first credit card without printed numbers and with a dynamic CVV.
Although to obtain this product you must register as a customer, you have the maximum security guarantee. You won't have to worry about the online application process or about possible theft or loss of the card, since only you can check your number and your CVV through the bank's app.
How long does it take to get an online credit card?
If you are thinking of applying for a credit card online, you will surely want to know how long it will take for you to have it. First of all, you should know that there are two versions of cards, which are the virtual card and the physical card.
In the case of the virtual credit card, it is available for use immediately, just after signing the contract. However, to start using it you must download the bank's mobile application and activate the card, which you can do online.
On the other hand, in the case of the physical credit card, you have to wait a little longer to have it in your hands. Generally, it usually takes about 2 weeks from when you sign the contract until you receive the physical format at your home.