In this day and age where speed seems to mean everything, everyone is looking for ways to be fast. By offering chances to apply for a card with a poor credit history, credit card companies have joined the masses of companies trying to get new business as quickly as possible.
An offer to apply for a credit card with a poor credit history would primarily come through the Internet. There are several different ways that these offers to apply for a credit card with a poor credit history could appear--some come to the potential consumer, while other opportunities are started by the consumers themselves.
If the credit card company initiates the contact with an offer to apply for a credit card with a poor credit history, it would likely come as an E-mail message or as some kind of online ad. If the offer comes via E-mail, the consumer likely has an agreement with another company, who sold their information to the credit card company. If the consumer reads the E-mail and clicks on a link, the instant credit card offer will take them to the credit card company’s Web site, where they can complete the application. If the consumer clicks on an ad on another Web page (or on a popup), they will also be taken to the credit card company’s Web site to complete the application. In both cases, a decision on the credit card application should be completed in less than a minute.
In some cases, the consumer will take advantage of an offer to apply for a credit card with a poor credit history and visit the Web site directly. In some cases, the consumer has heard about the credit card site through a financial publication, or they may have received a piece of mail indicating they were “pre-approved” for the card, which led them to visit the site. Once they are there, the consumer can complete the same application that the other visitors did, and receive their decision rapidly.
The instant credit card offer is becoming a larger part of the credit card business as more transactions are completed online. With the tremendous success of offers to apply for a credit card with a poor credit history, there is no reason to think that they will not continue to grow as a percentage of new business as time goes by.