high interest rate credit card

Knowing Your Credit Card Application
By Mario Churchill
Credit cards are fast replacing cash as the currency of choice in today’s busy, often turbulent world. For an executive with a lifestyle built on speed, digging through a wallet for cash can be a waste of time, especially when the single swipe of a card can finish a transaction instantly. For a college student low on funds, a card can be a saving grace, especially when emergency purchases need to be made. For an employee with average income, a card is a chance to buy now and pay later.

Credit card companies, however, are aware that cards can be abused, and that card scams abound. Someone who claims to be an executive can actually be someone who assumes the names of wealthy people, and who uses their names in making expensive purchases. A college student can sometimes abuse a card and use it to buy liquor or drugs, all while the student’s parents think that the card is being used to purchase important materials for school. An employee may get carried away with purchases, as a card can conjure the illusion that no money is being paid.

As a result, card companies are now stricter when receiving card applications. Some card companies, moreover, have changed their application questions in order to exercise a greater hold on potential predators or card abusers. Although some of the questions that they pose on their applications may seem intrusive, card companies are simply making sure that honest applicants are sifted out of the thousands of applications that they receive each year.

Credit card companies ask many questions on your card application, some of them with seemingly no bearing on your ability to pay. You may be asked about your father’s or mother’s name, your mother’s maiden name, or the city in which your grandparents were born. The answers to these questions can be known by only a few people, and they can be used if your identity needs to be verified. Do not underestimate these questions, as they may actually save you from being hoodwinked by card identity thieves.

Credit card companies may also ask you about previous cards that you have held. This is a way for them to verify that you can pay your card bills. Do not withhold any information on this matter, as a record of good standing

Bank of England Surprises with Base Rate Hike
The surprise 0.25 percentage point hike in the base rate by the Bank of England to 4.75% left the majority of borrowers and economists wrong footed, sending UK equities, Gilts and short sterling falling. But with inflation the only focus of the BoE, the question may not be if, but when will rates rise again?
Paid Volunteers Needed for Debt Consolidation Documentary plus Debt and Relationships Article
People needed for prime time BBC1 documentary on debt consolidation companies, remuneration available. Also people/couples required for proposed Daily Mail article on debt and relationships, remuneration offered.
Bad News for Bad Faith Bankrupts
Official Receivers target "Bad Faith Bankrupts" with Bankruptcy Restrictions Orders, enabling them to impose bankruptcy restrictions for up to 15 years.
Home Repossession Orders Soar 66 Percent
Mortgage repossession orders issued in the three months ending September surge to 19,687, levels not seen since the third quarter of 1993 and the dark days of the property recession.


can actually work in your favor. You may be given a higher limit on the card that you are applying to. However, if you have poor standing, then your application may be denied, or your card will have a much lower limit than before. Do not lose hope if this happens, as this may discipline you into saving more, and spending less.

Credit card companies may also ask you to name supplementary card holders. Although this can be advantageous if you are a parent with a child living far away, or a husband willing to finance his wife’s spending, supplementary cards may actually put you in greater danger of identity theft. Supplementary cards will arrive separate from the principal card, and these can be stolen and used. Exercise great caution when considering whether you should purchase supplementary cards.

If you know your card application, you will better appreciate the value of your card. Be honest on your application, and be scrupulous when your card finally arrives. If you continue to be in good standing, then you will enjoy the benefits of your card for many years to come.

Mario Churchill is the owner of a credit card website with links where you can apply for a card which best suits your needs.