Credit Card Companies | How to Submit an Online Credit Card




Credit Card Companies | How to Submit an Online Credit Card

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Posted on March 25, 2019 by Credit Card Companies | How to Submit an Online Credit Card

How to Submit an Online Credit Card | Credit Card Companies

Credit Card Companies  

The credit card companies are quite numerous, which makes life easier and better for all of us. Here is an extensive guide and how to apply for credit cards online.

What is a Credit Card

A credit card is a small plastic payment card issued by a bank, a financial company, etc. This allows the cardholder to buy goods and services on credit. It allows the cardholder to borrow funds from the bank, usually at the point of sale. The issuer of the card (usually a bank) provides a renewable account and grants a line of credit to the cardholder, the cardholder can borrow funds from the account to make payments to the merchant or as a cash advance.

A credit card is different from a payment card, since it requires a refund of the total amount each month, and the credit card allows the consumer to maintain the balance of the debt, subject to interest. The credit card also differs from the cash card, which can be used as currency by the owner of the card. The credit card generally includes an external entity that pays the seller and is returned by the buyer.

Types of credit cards

Secured credit cards

A secured credit card is a credit card guaranteed by an escrow account belonging to the cardholder, who generally must pay between 100% and 200% of the total loan amount required. If the cardholder pays $ 1,000, he will receive a loan of between 500 and $1000 Sometimes, credit card issuers offer incentives in secured card portfolios. In this case, the required deposit may be significantly lower than the required credit limit and may be as low as 10% of the credit limit requested. This deposit is stored in a special savings account. The holder of a secured loan is expected to make regular payments, as in the case of a regular credit card, but in case of default, the card issuer can recover the purchase costs paid to the merchant from the deposit.

Secured credit cards allow a person with a poor credit history or no credit history to obtain a credit card that would not otherwise be available. Service fees and charges for secured credit cards often exceed those charged for unsecured credit cards.

Business credit cards

These credit cards are specialized credit cards issued on behalf of a registered company and can only be used for commercial purposes. Commercial credit cards offer a number of company-specific functions and offer special prizes in areas such as shipping, office supplies, travel and business technology. Often, the applicant’s personal credit rating is used by most issuers when evaluating these applications, and income from various sources can be used to qualify, which means that these cards may be available to newly established companies. Commercial credit cards are offered by almost all major card issuers, namely; American Express, Visa and MasterCard in addition to local banks and credit unions.

Digital cards

It is a virtual representation of any type of identification card or payment card, such as a credit card.

Prepaid cards

The “prepaid credit card” does not have any credit offered by the card issuer, the cardholder issues money that has been “stored” for a previous payment from the cardholder or someone else, such as a parent or employer. However, he carries the brand of credit cards. (such as Discover, Visa, MasterCard, American Express or JCB) and can be used similarly as if it were a credit card. Prepaid credit cards do not require a PIN, although there are exceptions with the EMV chip. These cards require a PIN code if the payment is processed by chip and PIN technology.

After purchasing the card, the cardholder charges the account with any amount of money up to the specified card limit, and then uses the card to make purchases in the same way that any standard credit card is used.

Companies that support credit cards


Visa is a credit card widely accepted by more than 8 million sellers. It includes traditional benefits and premium prizes. Personal Visa credit cards offer a wide range of benefits for cardholders around the world. Mobile card holders can save time and make purchases online using Visa Checkout.

MasterCard – 191 million cardholders

This is the second most important credit card network in the United States. MasterCard offers benefits such as payment of invoices and protection of personal data using chip technology. MasterCard processes transactions in over 210 countries in over 150 currencies.

Chase – Credit Card Companies  with over 93M card holders

Chase is the main issuer of credit cards for general use in the USA. UU An important part of the market is your income. With prizes from companies such as Disney and Southwest Airlines, Chase guarantees high customer satisfaction with their credit cards

American Express – Credit Card Companies with 58M cardholders.

American Express (AMEX) is the largest issuer of credit cards in the world in terms of transactions, with an average of 6 billion transactions per year. Has active service in over 130 different countries, mainly accepting high-income card holders with solid credit results.

Discover – 57M cardholders

This is a good solution for people with good credit, Discover offers numerous cashback offers and travel promotions on their credit cards. Reliable fraud protection provides customers with security when they are issued. They also have good offers for both students and companies.

Citibank – 48M cardholders

Citibank is an important banking institution for customers with a credit rating higher than average. Citi cards have two main reward programs: Simplicity and thank you.


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