As everything is becoming digital, so too are credit cards, one of them being Kredivo, a digital credit card option that you can apply for in less than 24 hours, with less additional fees. (Photo courtesy of Kredivo)

4 Things to Remember Before Applying for a Credit Card

JULY 24, 2018

As the world changes and shifts, prices become cheaper, technology is more available, we start to see changes in our everyday routines, what used to be restrictive and only available to a few, are now easily accessible.

Take traveling for example, traveling used to be very expensive, and only to be afforded by few, but as companies innovate, travel tickets become cheaper, and traveling has become affordable for everyone.

For the young adults, traveling is almost a must and has even become an expected expense. The problem is that not everyone is equipped with the know-how to manage their finances properly and opt to apply for a credit card without the needed research and considerations.

If this sounds familiar, here are four tips you need before you apply for a one:

Your Financial Situation

When you first apply for a credit card, the bank will need your income details, financial history and information. You would need a certain amount income to even be eligible. Before applying, you need to ask yourself: "Do I manage my money well?"

If you find yourself frequently out of money in the middle of the month, or you don't know how to budget properly, perhaps the applying for a credit card isn't the best choice for you.

Knowing the Difference Between Want and Need

Take some time to deliberate why you want to apply, maybe you feel like you don't have enough money and need a little extra, or maybe you want to buy that newest gadget or smartphone that just came out.

As a young adult it's important to realize your wants, and curb certain impulses that might get you in trouble in the middle of the month. It's usually best to learn how to manage your finances properly by saving bit by bit every month, and soon you'll be on your way to that shiny new smartphone.


If the first two points don't apply to you, another thing that you should consider before applying  are interest rates, fees, and perks. Make sure you've done all the research needed to know if the card you're applying for is right for you, and wouldn’t come back to you later on and bite you.

At this point, you should know that a credit card is a means of payment, every purchase you make will become part of your credit history, so maintaining a good payment flow every month is of the utmost importance, as failing to do so will mean a harder time for you to get loans in the future.

Consider Alternatives

Getting a credit card might not always be the best option, as our application could be rejected by the banks, be it because we don't make enough income, having a bad credit history, or it might simply be a hassle.

But as everything is becoming digital, more options become available, one of them being Kredivo, a digital credit card option that you can apply for in less than 24 hours, with less additional fees. Being on the digital platform means convenience, allowing you to shop online on Tokopedia, Bukalapak, Lazada, Blibli, and Shopee, book flights and hotels and pay your bills.

Kredivo offers you two credit options: pay in 30 days with 0 percent interest in three, six or 12-month installments with lower interest compared with other banks: 2,95 percent per month, without down payment or annual fee. The Kredivo app is also easily available on Google Play Store or the Apple App Store and registering takes less than five minutes.