F.A.Q.

Below are answers to some of the most frequently asked questions about the process of applying for credit cards at SpareCredit.com as well as security and general credit questions.

Q: Does this really work?
A: In a word, YES. The process describe on this site allows you, the consumer, to determine to a greater extent how much credit you can have available. By submitting all applications in a short time frame the credit issuers will all base their approval on the same credit report. It is then up to you to use your credit wisely.

Q: Will this save me money?
A: Again, YES. By obtaining more available credit, you will reduce your credit to debt ratio and increase your credit health. The positive effects of having and holding quality lines of credit increase over time. Should you obtain a mortgage or refinance a home, a better credit rating can reduce your interest rate and save thousands of dollars over the course of the mortgage. You will also qualify for better rates on your existing credit lines.

Q: How does this help my financial security?
A: During a financial catastrophe is not the time to ask a bank for help. You must establish a reserve of credit before you need it in order to have it when you need it. Combining the fact that most issuers will provide courtesy checks with the ability to raise your limits over time, most potential financial storms can be weathered.

Q: How many cards should I get?
A: The average American has around 8 credit cards. Some have up to 50 cards. We recommend a total of no more than 8 general purpose credit cards, not including local merchant cards

Q: Which issuers should I select?
A: First choose any issuer that you do not have an account with. There is more positive impact having lines of credit with different institutions.

Q: Is a checking account required at the bank taking my application?
A: No. You do not need to have any accounts with a particular bank in order to apply for their credit card.

Q: What information will I need to provide for the applications?
A: You will need some basic information such as your driver's license number, social security number, date of birth and address.

Q: Are online credit card applications secure?
A: All credit card applications we link to have Secure SSL Technology and offer the highest level of internet security available involving sophisticated data encryption.

Q. Can you answer another question?
A. Of course! Just submit your inquiry using our contact form.