Online credit card applications

Apply for a credit card online and get an almost instant response with these simple steps.

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If you’ve compared credit cards and found one that suits your needs, you can apply online in around 10 to 20 minutes. In most cases, you’ll receive a response within 60 seconds of submitting your application.

To help you get started, here are some simple steps to follow when applying for a credit card online. We also cover how to compare credit cards; what you need to do to start an online credit card application and the details you need to provide when you apply.

How to apply for a credit card online

1. Compare your credit card options
With so many different credit cards on the market, comparing your options helps you find the right card for you. Start by thinking about what you want the card for and then consider the different features, rates and fees available with different cards. You can use comparison tables to see the features of similar cards side-by-side or click “More info” to read a review of the card. You can also check the eligibility requirements, to see if you’re likely to be approved for the card.

2. Click through to the online application
Once you’ve found the card you want to apply for, simply click “Go to Site” from the comparison table or review page. This will open a secure online application form that you need to fill out to apply. This application form will vary, depending on what card you’re applying for.

3. Provide your details and submit
You need to provide certain information about yourself in the form, which will take about 10 to 20 minutes to complete (depending on the card issuer). Take a look at our sections below for a detailed description of what you need to provide.

Credit card application eligibility requirements

Before you get started with the online credit card application, make sure you meet the eligibility requirements. These can vary between cards but usually include the following:
  • Minimum age. You need to be at least 18 to apply for a credit card.
  • Residency status. Some cards are only available to citizens and permanent residents of New Zealand, while others may be available to temporary residents as well.
  • Income. Some cards list a minimum income requirement you need to meet before you can apply.
  • Credit score. You usually need a good credit score to be approved for a credit card.

What details do I need to apply for a credit card?card-application-895-254

Personal details

  • Personal details. You will need to provide the following details: your title; name; date of birth; marital status; whether you have dependent children; your driver’s licence, passport or Community Services Card (if applicable); your New Zealand residency status, plus whether you are an existing customer of the bank.
  • Contact details and address. Applicants usually need to enter up to two contact phone numbers and a valid email address.
  • Referee details. Sometimes you need to provide the information of a referee, which usually has to be someone close to you and has known you for a while, but cannot be living with you.

Financial information

  • Income. This is where you enter your regular income from employment. If your monthly income is requested, you need to divide your annual income by twelve. Some applications may ask for your annual income, or your income after tax, so read each application carefully. Remember to hover your mouse over the information button to get a better sense of what information each field on the application is after. You should also check whether before or after-tax income is requested.
  • Monthly expenses. Enter your share of the rent or mortgage each month, and your share of the monthly living expenses.
  • Assets and liabilities. In this section, you need to list whether you own any property; the balance of your other accounts, and the value of other assets. The latter can include items like cars, computers or anything else you own of substantial value. After you’ve listed your assets, you need to record your liabilities, including the total limit and the amount owing on all your credit cards, and whether you have other loans besides your mortgage.

Your employment

  • Current employment details. Enter your current employment status and occupation. If you are self-employed, you will normally have to provide your accountant’s details.
  • Employer’s address. This is where you enter the details of your employer. This is asked in the application, as credit issuers need to verify your employment before approving the application. If you have only had your job for a short time, your credit issuer may request a letter from your employer to confirm you are no longer in a trial period.

Card preferences

At some stage during the application, you will be asked about your preferences for the credit card. This may be split up across different stages of the application, for example, asking what credit limit you want at the start of the application, then if you want a balance transfer at the end. However, you are likely to run into all these questions at some stage.

  • Balance transfer. If you want to take advantage of a balance transfer with your new card, you usually need to request it when you apply. You need to list the issuers of the current credit cards that you wish to balance transfer. You also need to enter the respective card numbers and how much you want to balance transfer from each card.
  • Additional cardholders. The number of cardholders that can be added will vary from product to product, but when you apply you need to enter the details of each additional applicant. This includes their title, first and surnames, date of birth and any other details requested.
  • Credit limit. You can request a certain credit limit or have the issuer offer you a credit limit. The limit you are approved for depends on your current financial circumstances.
  • Credit limit increase invitation. Credit issuers cannot offer you credit limit increase invitations unless you request they send them to you, and you will need to answer this on your application. If you select “yes” to receiving credit limit increases, you can elect to have them stopped later.

Reviewing the online credit card application form

In the review section, you receive a summary of all the details you entered as part of your application. Check they are all correct, as this is the last chance to confirm the accuracy of your application before you submit it. Please remember, once you click “Submit”, the application will be processed and an enquiry mark is recorded on your credit file. Most online credit card applications offer you a response within a minute or two of applying. You may be approved; conditionally approved; declined, or the bank may need more information from you.

Pictures: Shutterstock

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