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These days it is very easy to apply for a credit card online and there are many websites with links to many online applications from different banks and financial providers so you don't have to search all over the internet and compare the interest rates, balance transfers rates, minimum payments and credit limits. So it is easy to apply but not to get approved and many of the banks and financial providers will have a certain requirements that you must meet in order to be approved.

The largest factor most financial providers require is how much income you receive and for most people the only form of income they have is from their employment. Usually the minimum salary required is around $20,000 per year because this makes sure that you should be able to pay back what you have spent on your credit card. If you have any other forms of income like shares, dividends or rental income from investment properties then you should definitely write these into the online credit application form also as this will definitely help your approval chances.

There are other factors such as age and expenditures; normally you will be asked how much you spend of salary per month. It is not a good idea to lie about this because if you write a small amount for your monthly expenditures when it is really high then you may be approved however the reality is that you can't really pay much back every month, this is what the banks want because then you will be paying them more in credit card interest in the long run putting a larger hole In your pocket.

Remember the financial providers really want to approve you; they are not trying to deny you. Why is that you may say? Well just like any seller of a product they want to sell, the product of financial providers is money and by giving you a credit card you will be paying them interest, so it is making them money, however there is a way to pay zero interest on your credit card, it's a simple legal trick and very easy to do. One of the best things about having a credit card is that you don't need to carry a whole load of cash around with you all the time and you don't have to keep withdrawing money from the bank.

In Australia, just like anywhere else, you need to get a decent job that pays a minimum of $20,000 per annum in order to qualify for a credit card. This is to ensure that you are of sound financial standing and able to pay off your purchases using your credit card. There are a few categories of credit cards like basic, gold and platinum. To qualify for gold, you need to earn at least $48,000 per annum while it is much higher for platinum cardholders that are fewer in numbers. When you own a platinum credit card, you have more privileges and it is prestigious to own one, as not many people will have reached the financial salaries that you earn per year.

Mike is webmaster for Credit Card Finder, an Australian credit card comparison service.
Visit his section on comparing credit card offers for more information.