Instant Approval Cards

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Cardholder Benefits » Instant Approval Cards

Instant Approval Cards

Instant Approval Cards
October
24

If you find a credit card specified as instant approval online, think twice before you make that application. "Instant" implies different things depending on the situation. Generally, it means a faster lending decision process that saves time and allows for an earlier card-use.

But banks still need some time to look through the application to assess your risk and you can find that "instant" doesn't actually stand for instanteous. Besides, there are some requirements to meet to be eligible for instant credit decision. Without the basic knowledge about the instant approval type of cards, applicants get denied and their FICO scores get a hit, which weakens their eligibility.

Need a plastic card ASAP? Read on to ensure success one you fill out an instant application form online.

A bank may offer a number of services referred to as "instant". When surfing the Net in search of a credit card, you'll be offered "instant approval", "instant decision" and "instant credit". Don't mix them up as the idea and peculiarities of the approval decision process lead to different results.

Instant approval cards are widely spread and are designed for good/excellent types of credit rating. The key thing is to find a deal which specifies instant approval availability in its terms and conditions.

Qualifying customers do not get the card number right away. It will take some time for the bank to review the application and quickly check your credit report online to make a final decision. The advantage as compared to regular cards is you get approved faster and so receive the plastic sooner. Best instant approval products are offered to reliable customers who can take advantage of low interest rates on purchases and balance transfers, no fees and rewards.

Instant decision does not mean approval. Usually, the bank provides an instant response with tentative decision but may delay the approval or decline if the lending decision needs more scrutiny. So, the better your credit meets the lender's eligibility requirements, the more chances you have to become a card user soon.

Instant credit is rarely used due to the risk of losses and card fraud involved. It does not only imply instant approval but also offers a temporary card number to enable making purchases immediately online. In questionable cases, a bank may need a few days to make a better inquiry and ensure the right decision.

Most people who look for "instant" cards online are interested in how the processing goes and whether it is as secure as sending the application traditionally in the mail. If you are on a legitimate credit card website, there's no reason to be afraid of fraud. Authorized resources provide links to applications on the major banks' websites which use the latest internet security tools. Another concern is how quickly you actually receive the card. It depends on the issuer but typically it takes no more than 7 business days to get it in the mail. You can get more details through contacting the bank's customer service.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Top 5 Cards for Travel from Our Partners Winter 2017/18 – Expert Choice

Top 5 Cards for Travel from Our Partners Winter 2017/18 – Expert Choice

Posted: December 8, 2017

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: December 1, 2017

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Credit Card Tips For Holiday Shopping 2017

Credit Card Tips For Holiday Shopping 2017

Posted: November 27, 2017

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading