Is It Safe To Apply for a Credit Card Online?January 2, 2009 - 11:13 pm
Everyone has heard horror stories of people having their identity stolen on the Internet. But when you apply for a credit card online, you can rest assured your personal information is safe and secure. Most companies have strict security measures in place, as well as SSL encryption. However, as a consumer you must make sure you are using a trusted site for online credit card applications. Here are some tips to be sure you are using a safe online credit card application site:
• Be Sure You Are On A Secure Server: Secure servers deter hackers. Without a secure server, your personal information can be stolen. Therefore, when you reach the actual page with the online credit card application, be sure the URL address reads, “https://” rather than “http://”. The S designates it is a secure server. Again, this applies only to the pages where you actually fill out the application, not to the home page or portal site.
• Check for SSL Encryption: Secure Sockets Layer, or SSL encryption is a mathematical security measure that encodes all communication and data transfers from you to the bank. The two communicating servers read algorithms to decode the information. Put simply, it’s like sending a secret message that is unreadable by thieves. SSL encryption can encrypt data so densely, that each character can have upwards of 1 trillion possibilities. It’s like a combination lock with infinite numbers.
• Confirm the Issuing Bank: When it comes time to fill out the actual online credit card application, be sure you are on the site of the issuing bank. There are many internet portal sites such as ApplyforaCreditCard.com, which directs users to the best online credit card deals. Once it comes time to fill out the online credit card application though, the user is redirected to a site run by the issuing bank. Be sure that the bank site you are on is the same as the credit card you are applying for.
Nearly every site that offers credit cards online has the most advanced security measures in place. They utilized the latest technology and educated personnel to be sure that each and every transaction is secure. Much of this is due in part to SSL encryption, which has made applying for a credit card online perhaps the safest method possible anywhere.
Plus, with the Internet, there are no paper applications that can fall into the wrong hands, and no telling someone your personal information over the phone. There is never any third-party involved in the transaction; you have direct access to the bank. Online credit card applications are safer, more secure, and best of all faster than traditional methods of applying for a credit card.