Writing a Credit Card Application Request Letter (with Sample)
Use this sample credit card application request letter as a template for your formal request letter.
Credit card applications are a necessary evil in today’s society. It is important to have a line of credit to fall back on in case of emergencies. A credit card, used properly, can be a wonderful thing. Making a credit card work for you can be easy.
Some people use their cards to pay for all their purchases during a month, and they pay them off at the end of the month. Any card that is paid off at the end of the billing cycle doesn’t accrue any interest. So, basically a person can use this line of credit without paying for it, if done right. Many Ways to Apply for Credit Card There are many ways that a person can apply for a credit card. One of the easiest ways is to go online and pull an application off the companies’ site. Another easy way is to call the company directly and have a representative take a verbal application over the phone.
However, for the busy person, being on hold for extended periods of time may not be the most ideal situation. The other alternative is to write the credit card company a letter and ask for them to send you an application in the mail. An old fashioned application is sometimes the best way to go for some people.
To write this kind of letter, gather some information first. You will need the credit card companies address and find out what their policies are regarding new accounts. There may be several types of credit cards accounts that are offered. Higher Rate of Interest
Some cards have a higher rate of interest, while others may have bonus points and even frequent flyer miles they award. Be sure to find out what products the company offers and which credit card is the best for you and your financial situation.
Start the letter by telling the company your interest in their cards and what you are looking for. Do you want a card that has a small introductory rate and perhaps one that allows you to do balance transfers?
Express Your Wishes
Be sure to express your wishes so that the company sends you the right credit card application. What works for you and your needs may not work for someone else. Be specific and tell the company what you are looking for and that way they can accommodate.
This letter should be formal in nature, meaning it should start out with your name and address, followed by the date and then the company's name and address. You may want to put an attention line on the letter and address is to new accounts.
There are numerous departments inside a credit card company and getting the letter to the right place is important. If handed to the wrong department, your letter could sit for a long while until it gets to the right place.
Start the first paragraph by saying your needs and the products you’re interested in. Be sure to state the address you want the credit card application mailed too. Leave a contact number for someone to call you should they have any questions about addressing your needs. It may also be wise to tell them what type of credit score or rating you have.
If your credit is in the prime lending category, then be sure to pat yourself on the back and tell them you’re looking for a card for those who have higher scores. The higher the score the better the card and interest rates.
If you have challenged credit, you may be in a whole different program classification and they need to know this. End the letter on a friendly note and appear eager to open an account. Here is a sample application request letter.
Credit Card Application Request Letter Sample
James Thompson 90 Zion Lutheran Drive Columbus, Ohio 43223
Global Credit Card Company 9870 Willow Way Worthington, Ohio 43081 Attn: New Accounts Department
To Whom It May Concern,
I am interested in opening a credit card account with your company. I am requesting that you send me an application in the mail so that I may get the account I need. As an owner of a small business, I am looking to have about 3 cards that will be at the disposal of my employees. I have an excellent credit rating and would like a card that allows me to transfer balances and has an introductory period.
Global Credit Card Company is a world leader in credit cards and my first choice for my business. I have a personal card through your company, but have just recently got my business to the point where a credit card is possible. I appreciate your time and attention to this matter and look forward to speaking with you further. I can be reached anytime at 555-980-7893. My mailing address is PO Box 56, Worthington, Ohio 41081.