Credit Card Questionnaire: Questions You’ll Answer to Get a Card

If you’re applying for a credit card, you’ll need to have a few different pieces of information on hand in order to complete the application. Wondering what they’ll ask you on the credit card questionnaire? Let’s take a look.

Basic Information

As with all financial documents, you’ll need your basic information to apply. This includes:

  • Name
  • Address
  • How long you’ve lived at your current address
  • Whether or not you rent or own your home
    • If you have another living arrangement, you will have to mention it here.
  • Current country of residence
  • The country or countries you have citizenship in
  • Phone number
    • They may also require home, mobile, and work numbers
  • Date of Birth
  • Social security number

All of these pieces of information you should be able to answer without any supporting documentation. Make sure you’re as accurate as possible as mistakes could be costly down the line.

Current Employment

Credit card applications will also ask about your current employment situation. They will ask about:

  • Your current employment
  • Employer information including address and/or phone number
  • Length of time you’ve worked there.
  • Whether you work full-time or part-time.

Of course, different lenders might have different questions, but this is a good rule-of-thumb list to go by.

Income

Applications, of course, will need your income information. This includes your income from your current employment, but also other sources of income that you may receive from various sources. This could be from a small business you own online, gigs, or similar opportunities. You should have your total annual income number handy before completing the application.

You will also need to talk about your financial assets. This includes stocks, cash, mutual funds, bank deposits and balances, bonds, investments, or other assets like these.

Each Application is Different

Every application varies from company to company, but these are generally a good idea of what you’ll find on a credit card questionnaire.

Before accepting a line of credit, if you are offered one after completing your application, always read over the details. You will want to know the interest rate you’re accepting, the limits, fees, benefits, and other costs or restrictions associated with the card.

Questions to Ask Yourself

Of course, before you select a card, there are some questions you ought to ask yourself first. Here are a few key questions to consider:

  • Have I looked at multiple cards from different lenders?
  • Am I content with this interest rate?
  • Will I be able to make monthly payments on time?
  • Which rewards or perks do I qualify for?
  • What is the customer service like?

Picking a credit card is a major decision and one that shouldn’t be made lightly. Hopefully these questions—both on a credit card questionnaire and the ones you ask yourself—will help you feel more prepared.

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