Applications 5 min read

Credit Card Application Guide

James Wilson

Applying for a credit card doesn't have to be complicated. Follow our step-by-step guide to increase your chances of approval and get the right card for your needs.

Before You Apply

Checklist

  • Check your credit score
  • Compare card options
  • Verify eligibility requirements
  • Gather required documents
  • Calculate affordability

Eligibility Requirements

Basic Requirements

  • 18 years or older
  • NZ citizen/resident
  • Regular income
  • Good credit history

Income Requirements

  • Standard cards: $15,000+
  • Rewards cards: $35,000+
  • Platinum cards: $75,000+
  • Student cards: $12,000+

Required Documentation

Identification

  • Passport or driver's license
  • Proof of address (utility bill)
  • Previous addresses (3 years)

Financial Documents

  • Recent payslips
  • Bank statements
  • Tax returns (self-employed)
  • Employment details

Application Process

  1. Choose a Card

    Compare features, rates, and requirements

  2. Prepare Documents

    Gather all required documentation

  3. Submit Application

    Online, in-branch, or by phone

  4. Verification

    Bank reviews application and documents

  5. Decision

    Approval, decline, or request for more information

Tips for Approval Success

Check Your Credit Score First

Know your chances before applying and fix any errors.

Apply for the Right Card

Choose a card matching your income and credit profile.

Complete Application Accurately

Double-check all information before submitting.

Avoid Multiple Applications

Space applications at least 3-6 months apart.

Common Application Mistakes

  • Incomplete information
  • Incorrect income details
  • Missing documents
  • Multiple applications
  • Applying for unsuitable cards

After Applying

Application Tracking

Most banks provide online tracking of your application status.

Additional Information

Respond promptly to any requests for more documents.

Activation Process

Follow instructions to activate your card when received.

Common Questions

How long does approval take?

Typically 5-10 business days, though some applications may be approved instantly.

What if I'm declined?

Wait 3-6 months, improve your financial situation, and consider cards with lower requirements.

Can I apply for multiple cards?

It's best to space applications apart to avoid negative impact on your credit score.

Key Takeaways

  • Check eligibility before applying
  • Prepare all documents in advance
  • Complete application accurately
  • Choose appropriate cards
  • Monitor application status