Instant Approval Credit Cards

Balance transfer credit cards can really help you save on high interest credit card debt. If you are currently using a credit card which has too high an interest rate for your means, you can apply for a balance transfer card. If approved, just move your balances onto the new card, and then pay them off faster at a much lower or 0% introductory APR which typically lasts 6 or 12 months.

Low-interest credit cards -offer a great savings opportunity. They usually come with low or 0% introductory APRs or a low fixed APR for life. Using this type of card, it is very important to make all your monthly payments on time to keep your interest costs low. If you do so, you can save hundreds of dollars in interest charges, and you can also use the card for new purchases or investments.

Cash-back credit cards are among the most popular rewards credit cards. They give you back a percentage of the purchase price on each of your purchases. Depending on the type of card, you can earn cash back on gas, groceries, medicine and other purchase categories.

Reward credit cards offer their holders such types of rewards as frequent flyer miles, hotel rewards, points and other perks for using their cards. Upon accumulating an eligible amount of rewards with such a card, you can redeem the rewards for a wide range of merchandise or free services. You accumulate and redeem the rewards based on the rewards card program rules.

Airline mile or frequent flyer credit cards will suit frequent travelers who look to reduce their travel costs as they spend with their card. Each time you use your card, you are awarded miles that accumulate in a special account. The more purchases you make, the greater amount of reward miles you collect. You can then redeem the miles for free travel, seat upgrades and other benefits valuable for frequent flyers.

Pre-paid cards work similar to debit cards but do not require establishing a checking account with the bank. They are also like gift cards where you deposit a certain amount of money and can then use the card up to that amount. You cannot get into debt with prepaid cards because you can only spend what you deposit. Some prepaid cards even offer credit building opportunities and reward programs.

Secured credit cards are basically credit cards with the only difference being that you need to open a special security deposit cash account to qualify for a card. Your card limit is equal to the security deposit, and the deposit will be used as collateral in case you miss or delay payments.