Credit cards are invaluable in the modern world, so it is to be expected that even bad credit borrowers need to apply for them. A growing number are doing so over the Internet, with many established banks offering special terms to online customer. Amongst the best are Chase credit cards, which boast some of the most competitive interest rates and incentives available.
Of course, getting the best possible deal is an essential incentive when applying for credit cards online. But securing better terms requires more than just an Internet connection. It is also necessary to qualify, and bad credit borrowers can do so more easily that they might expect.
For banks and card issuers, the key selling points they offer are lower interest rates and a fast card approval process. And this is where getting Chase credit cards online is a wise move.
The Benefits Explained
As with all financial deals, it is important to read the finer details on a contract before signing it. The reason is that applicants need to know whether the little details make the costs more expensive than it first seems. With Chase credit cards, these details are clear to see, with nothing hidden.
However, what places Chase cards so highly above their competitors are the programs and incentives that they offer. Fast card approval is just the start of it (and is commonly available anyway), but more significant is the special points rewards system that is designed to lower card costs greatly.
These points are earned every time the card is used, and can be redeemed at places like restaurants, department stores, theme parks, and used to get discounts on travel fares. And with better standard terms available from just getting Chase credit cards online, there are plenty of ways for bad credit borrowers to make savings.
Terms and Conditions To Look Out For
There is always criteria to meet before an application for a Chase credit card can be approved. Many of the criteria are the normal conditions, with applicants needing to be aged 18 or over, be US citizens or long-term residents, and have a reliable source of income.
When seeking a credit card, it is normal that the applicant also has a good credit rating. But with bad credit borrowers, Chase is willing to forgo that specific condition. The consequence is a slightly higher interest rate, and a lower credit limit, while the fast card approval system is replaced with a short credit check.
It is also worth noting that, when getting Chase credit cards online, the introductory offers are slightly less. For example, 0% APR introductory offers might be reduced to the first 3 months or even removed completely, rather than 6 months (depending on history). Annual fees, meanwhile, are usually retained instead of being waived.
The BIg PIcture
It might seem strange that Chase credit cards can be secured by bad credit borrowers at all, but once the basic criteria are met, there is little reason any applicant should not get a card. From the point of view of Chase, this increases the number of customers they have. But crucially, from the point of view of the cardholder, a golden opportunity falls their way.
This opportunity is the chance to manage their credit better. Using the card sparingly, while meeting the required repayments on time, means their credit scores will slowly increase. As that happens, the credit limit can be increased, and terms improved.
Once the fast card approval process is completed, the chance to regain their credit reputation is secured. So, getting a Chase credit card online can be the first key step to financial recovery.