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Terms and Conditions in Application of Credit Cards

Credit card has become an important factor in our daily life and is always helpful to many people. In order to apply for the best credit cards singapore and other options you will be required to meet certain demands before being issued. The limitations put in the application process is to allow the firms involved in handing out this cards to be able to manage the individuals who are asking for these cards and get their details. It is essential that all the significant information about you are gathered to avoid any option of abuse and misuse of the credit cards. Only those who are over twenty one years in age are capable to enjoy the use of this card while an exception can be made to those who are being funded by family or assured of certifiable source of income and are eighteen in terms of age. In view of the age factor, it is not the only info. that will warrant you to be issued since demonstration of your income is necessary.

Your credit history is an important factor for you to able to have access to credit card singapore and it is supposed to be favorable. You can still be able to find a leeway to enjoy the use of this facility even if you cannot provide a verifiable information regarding your status in terms of credit rating by putting an agreed sum to your account in advance. This is done by the credit card providers to enable them to issue this facility to a credit worthy person who will not default in their payment.

There is no option but only to provide your relevant distinctive information given by the government to assure the credit card company that they are dealing with the right person. These identities are important to legalize the registration process and help the firm to easily track down any defaulter who is trying to run away from the responsibility of paying back. You will not be able to enjoy access to credit card facilities if you are not capable to provide information regarding your genuine base where you are getting your funds from that will be used to settle your credit card expenses. The financial strength is a significant factor used by the service providers to identify the worthy clients and the value of money that they should be allowed to use by the firm. It is your duty to provide correct information to the service providers, failure to do so will deny you the chance of enjoying its services and you can be sued.

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