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


Updated: May 28, 2019

The content is accurate at the time of publication and is subject to change.

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:

Related Research:

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!