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Most banks, both high street and Internet based, offer credit cards, which can be obtained through application. When you apply for a credit card, your personal financial situation will be analysed by the card issuer and your credit history will be checked by a credit reference agency. All of these investigations will allow the card issuer to determine whether or not they are prepared to provide you with a credit card, and, if so, what your credit limit should be. It’s important to be truthful on your application. For one thing, any bad credit, debts or outstanding loans that you already have will be picked up in the credit reference search, so there’s no point trying to hide anything. What’s more, if you lie about your income and what you can afford to take on, you’re not doing yourself any favours – you may stretch yourself beyond your means and end up with a debt problem. Bear in mind that it can take a few weeks to open a credit card account as a result of the checks that need to be done, so it’s wise to plan ahead. It will also take at least a few days after your application has been accepted for the card to be sent to you, and then the Personal Identification Number (PIN), which will be sent separately for security purposes. You’ll also have to follow some sort of procedure for activating your card before you can use it for the first time.
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