Applying for a credit card for the first time can seem like a difficult task, especially if you don’t know what questions will come up on the application. You might think that you’ll need to know lots of details about your life and if you get anything wrong, it will just reject you.
But there’s nothing to worry about – you just need to put in some basic information about you and your finances. We’ll take you through the kinds of questions that credit card applications will ask you so know what to expect and you don’t need to stress.
What will they ask?
Generally, credit card applications will just ask you for your personal details. This includes things like your full name (no shortened versions!), your address and your previous addresses within the last few years, whether you’re in work and how much you earn. The application might also ask for your bank account details so it can link this up to your credit card.
You’ll usually have to put some information about how much you spend on certain bills, like your rent or mortgage, and any childcare fees. This is just to work out whether you could afford credit card repayments on top of your regular bills.
Depending on the credit card you’re applying for, you might need to give some more in-depth information about your finances. For example, if you’re applying for a balance transfer credit card, the form will ask you for the details of the credit cards and loans you want to transfer. And if you want to add a second cardholder, you’ll need to put in their basic information too.
As you can see, credit card application forms shouldn’t ask you anything you can’t answer – they’re not trying to trip you up. But one thing that can be tricky with credit card applications is knowing whether or not it will accept you.
You might not be sure about applying for a credit card if you’re not sure what information the provider is looking to see. That’s why before you start any application, you should always look if there are any criteria for the credit card. For example, if the credit card says you need to be at least 18 and earn £12,000 a year but you don’t meet these requirements, the application will automatically reject you.
It’s also important that you make sure you’re putting in the correct details. When you apply for any credit card, the provider will credit check you to see if they want to accept you. They’ll also use this to verify your details. If the details you put in are different from those on your credit history, the application might turn you down.
And with the thinkmoney Credit Card, you can see if you’re likely to be accepted before you apply with our QuickCheck tool. QuickCheck won’t affect your credit score as it’s a soft credit search tool.