Is It Safe to Apply for a Credit Card Online? - Financing Panda: Latest News on Finance, Loan, Business


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Wednesday, February 5, 2020

Is It Safe to Apply for a Credit Card Online?

Most of us today are wary of cyber crimes and hesitate to put our personal information out there. This is quite understandable. To apply for credit card online, this has to be done as well. One can apply for the credit card online and get approved quite easily. All you have to do is share a few basic details and check out your pre-approved offer. However, that does not mean that one cannot apply for a credit card online at all. By taking certain precautions, this can be easily sorted out and one can avoid attacks by cyber criminals and frauds.

Thanks to the advances of technology, one can today apply for a credit card online, through an app, through the website or via phone over customer service. It is possible to fill out an application form by postal mail as well but that is a much slower and cumbersome task. However, the letter might be waylaid and then the information isn’t safer anymore. Applications sent over phone can also be risky as there is not telling who is tapping on to the bank line and writing down the information. Rather, it would be a good idea to apply through a secure server and double check with the bank if they have received the application.

When it comes to website security, there are few places as safe and secure as a bank’s website and with good reason. Since cyber criminals mostly target such banking websites, a lot of investment goes into hiring cyber security experts and they give proper strategies to protect the apps, the servers and the websites. While applying for a new credit card online, it is important to make sure that one is applying through the right website. For example, we often tend to click on links from ads or from emails. This might not always be dangerous but it is important to check that the pop- ups are from legitimate sources. If you are not sure about how to check it, then log on to the official website of the bank.

Hence, when filling out an application form online, one can check if the URL begins with https and not just http. The former means that the website has a secure encryption and no one can know what you type in there. One can also check for a green colored icon at the far left of the browser. Hovering on it will show you the details of the website’s security. The browser bar will also show the Extended Validation certificate. Checking these aspects will stand you in good stead not just while making an application for a credit card but while carrying out all financial transactions.

In case you receive an error message or experience some other kind of problem with the network or computer, try refreshing the page again. This could just be a server error most of the time and you could try again. If the website is encrypted, there is really not much to worry about. Or else one can call the credit card company directly as well. They will not only tell you if the application was submitted but will also solve any queries that you might have regarding credit card eligibility.

Not just credit card application, today everyone is opting for net banking and hence taking these precautions at all times can be really helpful for all these online transactions.

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