How do you find if you are approved after the application is done? And how much is it monthly? And what is the max. approval?
Answered on Sunday, September 30th, 2012 by
James Williams

These are good questions, but I wish you wrote the name of the card you are looking at. Thus here is some general information for you.
First of all, if you fill the application form you will receive an approval letter within 10-15 business days regardless the fact whether you are approved or not. If it was an instant approval credit card, then you will receive the notification letter much faster on your email address. Usually credit card issuers ask for 30-days period to proceed your application form. If this period expired it’s worth contacting the issuer directly.
Next question, as I understand, is about monthly fee. Monthly fee is usually charged if you have a prepaid card, for all other cards there is an annual fee. Annual fee (and monthly fee as well) may differ from issuer to issuer. Even one credit card issuer may offer credit cards with different annual fee for every product, including cards with no annual fee. Annual fee can be charged once a year or it can be waived or paid monthly (it depends on credit card issuer). The information about annual or monthly fee for a particular credit card you can find in a short description of a credit card or in terms and conditions to this card.
Credit limits are determined by credit card issuers depending on your creditworthiness. The higher your credit score, the better chance you have of getting a high credit limit. Issuers do look at your income level as well when determining your credit limit, but credit history is the biggest factor. You can use our tool and estimate your credit limit; also this tool will offer credit cards you may apply for.

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No. You can make only minimum payments each month. You can see the amount of your minimum payment (as well as balance and available credit limit) on your credit statement, which you should receive each month.

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Special financing at Dillard’s is done through their credit card. So you would need credit that is worthy of receiving their card. Which I would expect to be fair credit in the least. However, I would avoid any kind of special financing. It is usually associated with hefty fees and penalties. Many store cards advertise […]

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