People have traditionally applied for credit cards by mail or stopping by the banks, but lately, applying for credit cards online in the U.S. has become very popular since it offers you many benefits and advantages. Here I’ll explain 6 reasons why you should apply for a credit card online.

1. Greater selection of credit cards

One of the top reasons why it’s better to apply for a credit card online is because you have a much bigger selection of cards to choose from, where you can browse through credit cards from any card issuer and not just from one bank or category.

DailyMarkets.com compiles hundreds of credit cards in the U.S., with the latest daily updated offers directly from banks, and there are many different categories of cards, ranging from rewards credit cards, balance transfer cards to cashback cards, low interest credit cards and many others. Whether you are looking for personal credit cards, student credit cards or business credit cards, you will find them all in one place.

This will help you find which credit card really suits you personally since you will have such a great variety of credit cards to choose from, and not just go for the one that you got the mail application for. Once you’ve decided which card to apply for, we direct you to the official card issuer’s online application where you can then apply for your card in an instant.

2. Credit cards available for each type of credit score

Depending on your individual credit score, you will be approved for different cards. Those with excellent credit score will have the largest selection of cards to choose from, but if you have fair credit or even bad credit, the pool of cards for you gets much smaller. Websites such as DailyMarkets.com makes it much easier for you to find all the credit cards available in the U.S. that best match your credit score and are therefore available to you. At DailyMarkets.com, you can find credit cards for each type of credit, such as excellent credit, good credit, fair credit and bad credit, so that it makes it easier for you to find the best card in your category.

3. See special credit card offers available only online at partner sites

There are many credit card promotions that are only available on certain partner sites. These special credit card offers include bonus cash back, points which can be redeemed for cash, merchandise, airline miles or air tickets which you’ll get when you apply for the card or after your first purchase using the card.

DailyMarkets.com has many such credit card offers, such as the Chase Freedom Visa – $200 Bonus Cash Back, the United credit card with 40,000 bonus miles and many more.

4. More cards available for people with bad credit

If you have a bad credit score, you may be struggling to find a credit card that you like that you will be approved for. Now you can stop worrying about that, because people with bad credit have a greater variety of cards to choose from online, such as normal credit cards, secured credit cards and prepaid debit cards. See our comparison of Credit Cards for bad credit.

5. Instant approval

Many credit cards have a fast approval system whereby you will get a response from the card issuers in just minutes, letting you know if your online application has been approved or denied, even though in the case of being approved, you will still have to wait a couple of weeks to receive your card in the mail. When you apply online for a Discover Card by Discover Financial or American Express cards by American Express, you will often get a response within 60 seconds. Instant approval credit cards help cut down your waiting time, so you won’t be left thinking if you have been approved or denied.

6. Credit card comparison

Don’t simply go for the card that you got pre-approved for in the mail-in offer, or to apply for one because the brochure looks attractive or because the card promises many things.

We’ve recently released our editor’s choice of Best Credit Cards for 2011, and we also have a smart Credit Card Search Wizard that sifts through hundreds of credit cards in the U.S. with the latest daily updated offers directly from banks to help you find your perfect credit card in just seconds.

Unlike other sites, DailyMarkets.com’s unique Credit Card Search Wizard is customized to your individual spending patterns. Simply type in a few details, and presto, you will see a list of credit cards that are filtered by your preference, and you can see at a glance how much in rewards you can earn or how much your balance transfer would cost according to your specific spending habits.

In addition to the Credit Card Search Wizard, you will also find detailed reviews of credit card offers, and see how we rate each card.

7. Tips and advice about credit cards

Many people have credit card debts not because credit cards are bad, but because they are being misused. Credit cards are like fire: if you know how to harness its power, you can reap many benefits from it, but if you mishandle it, you will get into trouble.

Here at DailyMarkets.com, we look at credit cards from a consumer’s perspective, and give tips on how you can squeeze the most benefits out of your credit cards, how you can save the most money and get the most rewards out of your rewards cards. Hopefully these tips will help you be better informed about credit cards, and therefore to use credit cards even more wisely.