Akhilesh Mittal About Me Page at Helium

Personal Finance > Credit Cards Should the rules on applying for credit cards be tighter?: 7 of 10

It is a paradoxical question to ask if the rules on applying for credit cards should be made tighter. How many people know that these are two distinct departments, (A) Credit Card Applications (B) Credit Card Approvals The task and goal of the Credit Card Applications team is to lure as many people as possible to apply for the credit cards. Their incentives and bonus are dependent on the number of applications they can pull in. This way the credit card companies get a huge pool of applicants to choose from. The task of Credit Card Apporval team is to look at the credit worthiness of indivi...
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