• Apply online

There is no need for you to visit a bank or a credit card company’s office to fill out an application form and apply for a credit card.  You can conveniently apply for an instant approval card wherever you are as long as you have access to the internet.  Upon submission of your application, you can expect a response from the issuer within just a few minutes.  If your application is approved, you credit card will be sent to your home address via postal mail in 4 to 5 banking days.

• Enjoy paying for monthly bills online

Paying for monthly bills is a task you need to accomplish regularly. Instant approval cards comes with online payment features so you can pay your bills at anytime while in the comforts of your home.

• Easily build credit standing

Another great reason to consider an instant approval credit card is because it can also build your credit score through proper and regular use. Be sure to choose an instant approval credit card that reports to the three major credit bureaus to use the card for credit improvement.

• Enjoy exclusive discounts and rewards

Some instant approval credit cards offer different types of reward programs.  You may opt for an instant approval reward credit card to get incentives out of your spending.  However, it’s important to remember that reward cards that offer instant approval may strictly require good or excellent credit rating so if you have a low credit score, be sure to check the issuer’s credit requirement first before submitting your application.

• Get approved even with bad credit.

There are also instant approval credit cards that are available for people with bad credit history or no credit history.  Secured and unsecured bad credit credit cards offer guaranteed approval regardless of credit rating.  Just make sure that you are applying for an instant approval bad credit credit card before submitting your application to avoid getting rejected.

However, instant approval credit cards offer quick and convenient application process for people who want a credit card. Submission of the application form can be done online.  A response can be expected within minutes after submission.  Once approved, the applicant can expect to receive the actual credit card through post mail after 4 to 5 banking days. Once the credit card is received, a simple call is needed to activate the card and the owner can successfully use the instant approval credit card.

Instant approval credit card issuers are very easy to find. In fact, a person can compare instant approval cards from varying issuers through the internet. However, not all providers have good services to offer. Some have higher interest rates or may offer low rates but will eventually charge higher rates after a year or so.

So how does a person find a good instant approval credit card provider? It is very important to take the extra time to compare credit cards and choose the one that offer the best terms.

Who can apply for an instant approval credit card? Although the application process is quick and easy, an applicant must meet the issuer’s requirements.  Take note that not all instant approval credit cards accept bad credit.  Some instant approval cards are exclusively offered to people with good to excellent credit scores. Thus, applying for the wrong credit card can cause your application to get rejected.

Individuals with bad credit score can apply for unsecured bad credit credit cards or secured credit cards online. These types of credit cards are available to people with bad credit and no credit history.  However, the interest rate and fees may be higher compared to regular accounts because of the risk. To avoid credit cards with excessive rates and fees, comparing cards is a must.  It is essential that the applicant chooses the appropriate credit card service before submitting an application.

If the applicant is unsure of his qualification, all credit companies have customer representatives they can call to clarify the requirements and criteria of eligibility.

What Credit Cards Instant Approval Means

So what does it meant to get an instant approval? Does it mean you can use your credit card on the same day you applied? Technically, instant approval is not a quick as it sounds. Compared to the traditional way of applying for a credit card, it involves a much speedier process.

When you submit your credit card application online, you can expect to get a response within a few minutes or within the same day. The credit card company will be sending you an electronic message whether your application has been approved or declined. If your application is approved, the actual credit card will be sent to your via postal mail. You can expect it to arrive after 4 to 5 banking days.

Can you use your credit card right after you received it? Not yet! First, you have to call a certain number for verification. You will be asked to provide the last four digits of Social Security number and credit card number before your account can be activated. Once it is done, that’s time you can use your new credit card for payment.

What About Credit Requirements?

Does guaranteed approval mean getting approved for the credit card regardless of your credit score? Not at all times! The phrase “guaranteed approval” may have a different implication depending on the credit card issuer.

Some credit cards do offer guaranteed approval even for people with bad credit history. These are called bad credit credit cards. Some credit cards for bad credit are secured but you can also find unsecured bad credit credit cards in the market. All these bad credit credit cards offer guaranteed approval regardless of the applicant’s credit score.

On the other hand, some credit cards exclusively offer “guaranteed approval” for customers with good to excellent credit rating. If you have below average rating, you may still not qualify but you might be offered a bad credit credit card.

It’s important to check the issuer’s terms and conditions first before submitting your application. Even though instant approval is advertised, you want to know for sure what the phrase means. Keep in mind that once you submit an application, your personal credit will be evaluated and each inquiry can lower your credit score.

Don’t be fooled by misleading ads. It is easy to get enticed by the promise of getting instantly approved only to find out later on that you are stuck with the wrong credit card. You could be subjected to a high rate and expensive fees just because you did not read the fine print.

Yes, applying for a credit card is so much easier these days. But if you need one, be sure to take your time comparing your options until you find the exact credit card you need. Instant Approval or not, what matters is most is having a credit card with a good rate, minimal fees, and reliable service.

Gone are the days when you have to dress up and drive to your local bank, fill-out a form, and personally submit your credit card application. Today, most credit card applications are done online. And compared to the old way, it offers people a much quicker, more convenient way of getting a credit card.

What are instant approval credit cards?

So what does instant approval really mean? Instant approval pertains to the quick processing of the application. You simply need to get online, fill out the online application form, click submit, and wait for a few minutes to know whether your application has been approved or declined. If you meet the credit card issuer’s requirements and you get an approval, you can expect to receive your card via post mail in 5 to 7 banking days.

What happens next? After receiving your credit card from the mail, you will be asked to call your issuer’s activation number. This is done to verify the identity of the credit cardholder. You will be asked verification questions in order to have your account activate. Once it’s done, your instant approval credit card is ready for use.

What are guaranteed approval bad credit credit cards?

What about guaranteed approval bad credit credit cards? These are different from instant approval cards. In this case, guaranteed approval is offered regardless of the applicant’s credit rating. Whether you have bad credit or no credit history, you can surely get an approval.

You can even choose between a secured credit card and an unsecured credit card for bad credit. Both of them offers guaranteed approval. The difference between these two types of credit cards for bad credit is that the other requires a security cash deposit while the latter does not.

Read the Fine Print

Now you know that instant approval credit card offers are for real. However, you should still be careful when submitting application online. First, make sure that you are using a secured web page before filling out the online form. The URL of a secured page must begin with https:// instead of the usual http:// for unsecured sites. You can also check if there is locked icon on the bottom right corner of your browser.

It’s also advisable that you check the reputation of the credit card issuer. Make sure that you are dealing with a legitimate bank or credit card company. Last but not least, read the fine print. Just because the ad says “instant approval” does not mean you should not bother reading the complete Terms and Conditions.

Remember that if you send your application to the wrong issuer and you get declined, it would be damaging your credit score. Understand the credit card issuer’s requirements. Even if the ad clearly says “instant approval”, it still pays to double check.

What is an instant approval credit card?

Technically, “instant approval” refers to the speeding processing of the application. Compared to the conventional method of applying for a credit card which includes going to your bank to fill out a form and having to wait for weeks to know whether your application has been approved or not, the process today is literally quick and convenient.

Upon submitting your instant approval credit card application online, you can find out whether you have been approved or not within a few minutes or within the same day. Once approved, you can expect your instant approval credit card to arrive via post mail within 4 to 5 banking days.

Upon receiving your instant approval credit card, can you use it right away?

First, you must go through the verification process which is done through the telephone. You simply call your credit card company’s activation number and answer a few verification questions in order for your account to be activated. Once it’s done, your credit card is ready to use for payments.

What are guaranteed approval bad credit credit cards?

Some credit card issuers also cater to the bad credit market. Even if you have bad credit, a low credit score, or no credit history, you can still get approved for a guaranteed approval bad credit credit card.

You can even choose from secured credit cards and unsecured credit cards for bad credit. In this case, “guaranteed approval” means that your personal credit will not affect your chances of getting an approval. You will get approved no matter what your credit is.

In fact, you can use a guaranteed approval bad credit credit card to rebuild your damaged credit. This why, these credit cards are enjoying a huge popularity among the masses despite the higher rates and fees. If you can improve your credit rating through your regular credit card use and timely payment, then the fees are definitely worth the expense.

Are instant approval applications secure?

Some people may not feel comfortable about applying for a credit card over the internet for fear that their identity can be stolen. If you are using a legitimate website of a credit card company, then it is safe to send your instant approval credit card application online.

It is important to make sure that you are using the official website of your chosen credit card company before you fill out an online application. Make sure that the page is secured by checking the website address. The URL of a secured page must always begin with https://, instead of the usual http://. You should also see a locked icon on the right-side bottom corner of your browser which indicates a secured page.

1. Not being aware of the pre-payment penalty clause. The pre-payment penalty clause requires the home buyer to pay a penalty fee in the case he decides to pay off the entire amount of his loan.  Penalty fees vary depending on the conditions that apply.  A pre-payment penalty may apply only to refinancing, to a home sale, or both.  Be sure that you check the pre-payment penalty clause in your contract.

2. Obtaining a large credit line. A credit line that is too high puts the borrower at risk.  Other creditors can also decline your application if the see that your credit line is too large.

3.  Thinking that a home equity loan is the same as a home equity credit line.  An equity loan is different from a credit line.  With an equity loan, the borrower receives the whole sum of money borrowed up front while a home equity credit line allows the borrower to take cash advances from his/her credit line during the whole term of the loan.

Continue reading Top 10 Mistakes in Building Home Equity Credit Line

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What are Secured Credit Cards?

A secured credit card as was mentioned above is a good option for a person who wants to build his or her own credit history. A lot of people use these cards with the intention to prove their capacity for managing their credit and finances so that eventually they could have a good credit score that will help them be entitled to standard or non-secured credit cards.

Read more: How Can Secured Credit Cards Help Me?

The point behind this strategy is to make certain the steady circulation of money all throughout the financial systems, as well as to assist individuals build or repair their respective credit history, so that, shortly, they may be able to apply for unsecured credit cards.

But what are some credit cards offered to people without credit history and to those who have accumulated large debts?

Establish Credit by using Secured Credit Cards

Among the most well known credit cards for no credit and bad credit history are secured credit cards. While these credit cards could have low initial limits, high interest rates and fees, secured credit cards are particularly designed for those who are about to establish their credit history.

Read more: Could I Really Get Credit Cards Even Without Credit History?

Continue reading Getting the Best Credit Card for Bad Credit

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