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February 12, 2001
By
Arlene Martell
Website:
http://www.1st-free-credit-cards.com
>
Credit Card Processing: What is the criteria for getting a credit card?
Credit card processing is big business! Credit card debt has reached astonishing levels since the convenient little plastic card was first introduced in the 1950’s. . Chances are you have received your share of “pre-approved” credit card offers in the mail and they sound pretty good, but what really happens when you apply for a credit card?
Depending on the financial institution issuing the card, approval terms and policies change. The first thing that is considered when Credit card processing takes place is your employment status and credit bureau report. Credit reporting agencies will help the Card Company assess their risk in issuing a card to you.
Many card-issuing companies will maintain extensive web sites to offer information about their credit card choices and terms of use. They are able to field many customer service inquiries this way and get important information out to the applicant. Applications are on the web site and easy to fill out. Make sure all spaces are complete or it will delay your application.
Federal law prohibits issuers from randomly sending you a card you didn’t ask for but they are permitted to send you renewal cards without your request. If they call you and get an OK by phone, they are also allowed to send you a card, subject to credit approval. After the credit card processing is complete, you should have your card within 2 – 3 weeks.
For
more information on credit card processing - click here!
> About The Author:Arlene Martell is a successful author and the
publisher of http://www.1st-free-credit-cards.com. A one-stop resource for the credit card industry featuring articles, comparisons and reviews of free and premium credit card providers. *Webmasters,
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