The typical American has a number of credit cards in his or her wallet. They have become an integral part of the economy and our way of life. However, many deserving credit risks are denied because they simply do not know how to respond when they apply for credit card issuance.

The first thing to remember is to fill in every space on the form. Leaving off answers to questions about income or residency can at best delay approval and at worst lead to rejection. Just as important in answering every question is answering them truthfully. Obtaining credit by misrepresentation is illegal. While the petty cases are seldom prosecuted, they can affect your credit. The reason your application was denied can be placed on your credit report and seen by others from whom you seek to obtain credit.

Next, read the questions carefully and respond with the information asked in its entirety. For example, if asked for the total income of your household, include the income of everyone in the house. Do not forget to include sources of income other than salary, such as structured settlement payments you receive. And when questioned about your commitments, list all of your debts as well.

Lastly, be selective in your applications. Do not fill out a lot of credit applications in a short period of time. Sometimes the application will ask about your applications, but most often the company simply gets the information from your credit report. Excessive applications are viewed as a red flag. It is not unknown for unscrupulous people to apply for multiple accounts and then file bankruptcy as soon as they have charged everything to its limit. More frequently, it is not deliberate. People fail to consider how much they will need to pay on their new accounts and find their debt is out of control. Either way, credit card companies do not like to see multiple credit requests during the past few months.

Credit cards can expedite online purchases and can be invaluable in the event of an emergency. It is nearly impossible to rent a car or book guaranteed reservations at many hotels. When used prudently, they can help you over a financial rough spot.

But credit cars should be used wisely. To optimize your chance of being approved for one, remember to fill in every space on the application. Answer all questions and do so honestly. Do not apply for too many charge accounts in too short a period of time. Consider how you are going to pay the bill before you apply for any credit card. And keep in mind that your actions today determine your credit for the next seven years.

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