One way to sign up for a MasterCard is by visiting the website CreditCards.com. Click the Card Type tab at the top of the page, and select MasterCard from the drop-down list, as the website shows. The site returns a list of banks and lenders that issue the cards along with interest rates and annual fees. It also indicates whether you need excellent, good or fair credit to qualify. Select the card you want, and click Apply Now.Continue Reading
Each lending institution offers different terms and conditions for its MasterCard, so read them carefully before you apply, advises CreditCard.com. For instance, Barclay's Bank Barclaycard Rewards MasterCard is a card for people with fair credit. It offers no annual fee and unlimited cash-back rewards on purchases of gas and groceries, but it comes with a hefty annual percentage rate of 24.99 percent as of 2015. It also charges a balance transfer fee of 3 percent, according to Barclaycard.
By contrast, the GMC BuyPower Card from Capital One is for people with excellent to good credit, CreditCard.com reports. Capital One charges no annual fee on this card and offers an APR of 11.9 to 19.9 percent with no balance transfer fee. It also has an introductory zero-percent APR on purchases for the first 12 months.
Once you determine which card you want, you can fill out the application online. A typical application asks for your personal information, including Social Security number, employment information, residence type and monthly mortgage payment or rent, as shown on the Capital One BuyPower Card application site.Learn more about Credit & Lending