Finance Credit Check

How credit card applications can affect your credit score

Thanks to the Internet, it has never been so easy to receive and apply for credit cards. It can be very tempting to fill out all available online forms. But be careful, this may cost you – consider the following questions before clicking "send application" again.

Be attentive to the card offers of a promising "pre-approved" loan. You may be a potential customer, but you should still apply for a loan. Each time you apply, the issuing company receives a copy of your credit report. All of these credit card applications are considered requests that, if concentrated for a short period of time, could adversely affect your credit rating. []

When using online credit card applications, you should also consider the security of your personal credit information. Take security and privacy seriously. Limit your online application to card companies that use industry standard practices to ensure security and privacy. Look for 128-bit encryption that encrypts your application data and requires a decoder to read it.

In addition, the card company’s web server must use Secured Sockets Layer (SSL) technology. Search for an online application on a secure website screen. This is usually indicated by a lock or similar icon or has a URL beginning with the word “https”. The company should also clearly indicate its privacy policy to process your financial data.


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