After you’ve compared credit cards and decided on the one that’s right for you, you can choose from the following options to apply for a credit card.
Completing an online credit card application should be quick and easy. It only takes a few minutes to complete your application and you could receive a response within minutes of submitting the application.
Apply by Card Type
Apply by Bank / Card Issuer
How to apply for a credit card
Steps to apply for a credit card
Based on the video above, we’ve written a quick guide on how to apply for a credit card. This is specific to the ANZ Low Rate credit card online application. However, many credit cards follow a very similar online process.
Compare cards on CreditCardFinder.com.au. This guide will show you how-to compare credit cards.
Select credit card
Once you’ve decided on a card that suits your needs, click the ‘Apply’ button or ‘Enquire’ button and you’ll be redirected to a secure online application page.
This example is targeted at the ANZ Low Rate credit card, but many other products have a similar process. We’ll try to flag any distinct differences on the way through.
The landing page on the application states the offer customers will be eligible for if they are approved for the credit card.
If you are happy with the offer, click the ‘Apply now’ button. Usually the first page to get through on any online application will be when potential customers are asked to agree to the terms and conditions of the credit card. The Terms and Conditions will be clearly presented in a readable format for you to read. As with any product, it is really worthwhile knowing what you’re signing up for.
If you agree to the terms of the credit card contract, tick the box to accept the offer and click ‘Next’.
3.1 Enter your personal and financial details
Here is each step in the application. Most of these steps are pretty standard. Read on to find out exactly what they are.
This next section of the application asks you your personal details such as title, name, date of birth, marital status, whether you have any dependent children, your drivers licence number (if applicable), your Australian residency status as well as whether you are an existing customer of the bank.
A field will then drop down asking you to choose a security code. This will be used to identify you when you activate your card. Due to this, it would be wise to choose a number code that you readily remember, or write it down and keep the number in a safe place.
Applicants need to enter two phone contact numbers as well as a valid email address.
Enter your residential address in the next fields
This section of the form will automatically pre-fill the closest ANZ branch to your declared residential address. Although you can change this selection by clicking the ‘Choose a different branch’ button.
This section asks for a referee. They can be anyone you know, except anyone who is currently living with you. You only have to enter their name, how you know them and give a contact number. Click ‘Next’ and you’ll proceed to part 2.
- Current employment details
- Enter your current employment status and your occupation.
This is where you enter the details of your employer. This is asked in your application, as credit providers need to verify your employment before approving your application.If you are have only had you job for a short period of time, your credit provider may request a letter from your employer to confirm that you are no longer on probation.
Monthly income (before tax)
This is where you enter your regular income from employment. Please remember that, as this particular application asks for your monthly income, that you divide your annual income by 12. Now, some applications could ask for an annual income, and some may even ask for your income after tax, so read each application carefully and remember to hover your mouse over the information button to get a better sense of exactly what information each field on the application is actually after.
If you have any other monthly income, feel free to enter that in the next field market ‘Monthly other income (e.g. rental income).
Enter your share of the rent each month and your share of the monthly living expenses.
Other financial information
In this section, you’ll need to list whether you own any property, the balance of you non-ANZ accounts, as well as the value of your other assets. The latter of which can include things like cars and computers and almost anything else you own of substantial value.
After you’ve listed all your assets, you’ll need to record your liabilities, including the total credit limit of all your credit cards, the total amount owing as well as whether you have any other loans besides your mortgage. Once it’s complete, click ‘Next’.
3.2 Enter your card preferences
This section of the credit card application allows people to choose their credit card settings. Most credit card applications will ask in this section whether you want to do a balance transfer. In the ANZ application, it allows customers to request a balance transfer from up to two credit cards. If you have more credit cards to balance transfer than the application permits, then you’ll have to call the company or visit a branch.
This is the section where you can request a balance transfer. Use the drop down menu to select the providers of your current credit cards which you wish to balance transfer. You’ll also need to enter their respective card numbers. You can even customise the balance that you wish to transfer over from each card.
Additional cardholder (optional)
If you wish to add additional cardholders, select ‘Yes’. Otherwise click ‘No’.
The amount of cardholders that can be added will vary from product to product. But you will need to enter details on each additional applicant including their title, first and surnames, date of birth and finally create a security code to activate the additional card/s.
Here you have the choice of getting the maximum credit limit as approved by your card provider or select your own credit limit.
Credit limit increase invitation
Here you have the option of receiving invitations to increase your credit limit. Select ‘Yes’ or ‘No’.
You’ll then have the choice of selecting credit card insurance. This product is designed to protect you so that you’re able to cover your minimum monthly repayments if you were to lose your job. It is important to read the Product Disclosure Statement before committing to any insurance product.
Finally, you’ll need to agree with the terms and conditions by checking the box once more at the bottom of the page. Then click ‘Next’ and you’ll proceed to the final page before your application is submitted.
Review your application
In the review section, you get a summary of all the details you’ve entered as part of your application. Check that they are all correct as this is the last chance to confirm the accuracy of your application before you submit it. Please remember that once you click ‘Submit’ at the bottom of the page, the application will be processed and an enquiry mark will be recorded on your credit file. With most online applications, you’ll get a response within a minute.