10 Things to Think About Before Applying for a Credit Card                     



Having credit card debt in the world today is something that’s considered normal. If you don’t have any debt hanging over you, that’s what’s abnormal.

On the bright side, now that you live with at least a few debts hanging around your neck, you can keep them in check. Everyone is afraid of debt and more so, run-away debt.

You can take control of your debt through credit cards, though, if you work carefully and wisely. So, here’s what you should consider before applying for a credit card.

Before applying for a credit card, first think of its fees and other penalties
Before applying for a credit card, first think of its fees and other penalties.

1. Application Process

What’s the application process like for the card you’re thinking of taking? That should be the first question in your mind. For most companies, the process is straight to the point; all you need is your ID, Social Security Number, and financial information. If there’s much to it, then maybe it isn’t worth the struggle.

2. Fees, Penalties, and Interest

One of the most important things that you should consider is how much you’ll incur in fees, penalties and interest. Failure to do so may end you in a financial house of cards with no way out. Always make sure you pick cards with reasonable fees.

3. Repayment Period/Terms

Anything less than a month for repaying fees per year should be scrapped off. Ensure you know when to pay and try to not to make any late payments, but still, make sure you understand the grace period.

4. Reputation Of The Issuing Company

If the company you want to apply for a credit card through isn’t reputable, it is always best to stay away.

5. Bonuses

What rewards does the company offer? For example, what bonuses do you get for joining, for using a certain amount? Those are just some of the bonuses you should be looking forward to.

Also, while looking at rewards, make sure you take note of their restrictions, such as expiry and how many points you can earn.

6. Card Security

If there’s one thing that scares most people in this digital age, it’s the security of their automated systems.

Your credit card company should be able to assure you of security for your card. If not, you may incur debt on money you didn’t spend.

7. Your Spending Habits

This card is essentially for your emergencies, to pay for things in the moment you don’t have the money for. If you’re going to have a shopping spree on it, it’s probably best you don’t take it. You only want to incur debt if you have to.

8. Limit

You want to start your new credit card with an advantage rather than a disadvantage, which is what will happen if you aren’t sure of your limit. Your credit card company should be offering you credit that’s within your limit.

9. Balance Composition

You need to fully understand how your company is going to calculate how you’ll finance your charge on the card. Avoid any company that uses two billing cycles.

10. Online Experience

Almost everything is done online today, including your shopping, banking, and even work. If they can’t offer a friendly online experience, then it’s better to move to the next one. You want a credit card that you can use to make your online payments and still feel secure.


These are just some of the crucial things you should consider before applying for that credit card. If they all check out, then you can probably go ahead and complete your application.