first time applying for credit card

[orangehenry]

Hi,

I'm applying for a credit card for the first time. I just got a call from the company I applied with. They want a letter from my employer. What sort of information should I ask my employer for?

Thx.

 

[markis10]

Hi,

I'm applying for a credit card for the first time. I just got a call from the company I applied with. They want a letter from my employer. What sort of information should I ask my employer for?

Thx.

Surely the company would have mentioned that?? I would imagine its confirmation of employment including start date etc but I would ring the card company back and confirm!

 

[casanovawa]

Depends if you also full time or employed on contract, have a probationary period or anything like that etc if you are quite new...

But yes probably start date and you would probably need to supply a pay slip or two or a group certificate if you have been there for a bit...

 

[Sifor]

Good luck! I got knocked back today for the 28 degrees....most likely due to having no credit history and low income (less than $10k... for now )

Probably in their best interest since I was intending on loading it up with $1k for an Asia trip in January so they would not have made any money out of me!

 

[casanovawa]

I got knocked back for the 28 degree card this year as well, but just recently took out that Citi saving account that comes with a Visa Debit card with a limit of $1000 and doesn't have any foriegn currency conversion fee on it...

 

[Adelaide]

I have been through a few credit cards over the years and never been asked for an employment letter. Usually, a phone call to the boss would suffice. In most cases, I didn't need to provide anything for them to decide whether the lender wanted to take me on or not.

Here's a heads up though - if you go for a home loan, the lower the card limit the more money you will be able to borrow for a loan. It's the limit that will count against you even if you don't owe anything on it.

 

[markis10]

Requests for credit limit reductions are illegal to be denied under consumer credit law, and worthy of consideration should you be in the position to apply for a home loan!

 

[JohnK]

Some credit card providers ask for letter from employer.

Payroll or HR usually know what to put on these letters and it is more than likely just a confirmation of employment with possibly a start date and yearly salary.

There are other credit card providers who are happy with just a recent pay slip.