When applying for a new credit card, you don’t want to wait weeks to hear back on the status of your application. The time lag that it takes to receive approval, added to the time it takes to actually receive the cards, can run into weeks, even months. In the meantime, you’re without the credit card you need, which can be more than a minor hassle. Instant approval credit cards allow you to know whether your credit card application has been accepted or denied within a matter of a few moments.
Most companies offering instant approval credit cards have all applicable card option details, as well as their full applications, available online. With many instant approval credit cards on today’s market, it’s worth your time to conduct some preliminary research so you can choose the best card for your financial needs. When filling out the application, you will need to provide personal information such as your monthly rent or mortgage expenses, your yearly income, sources of income and the presence of other checking or money market accounts.
After you submit your online application, you will be notified via email whether you are approved or not, and often this notification happens within seconds. It’s important to note that those applicants who receive instant approval via online applications generally have very good to excellent credit. If you have poor credit, your application may take a bit longer to process; however, you can still receive a much faster response than you would with a traditional application.
When applying for any of the many instant approval credit cards, it is important to read the specific card’s terms and condition. You will learn more details regarding the card’s policy on instant approval as well as other pertinent features of the card, including interest rates and credit limits.