A lot of consumers are very much interested to know the benefits that they can enjoy in using guaranteed approval credit cards. The reason for this is that they want to make sure that these credit card programs will really work to their advantage.
What are the Benefits of Credit Cards with Guaranteed Approval?
1. Immediate Card Approval. As what their names imply, credit cards with instant approval provide consumers a guarantee that they can immediately receive decisions regarding credit card applications. Since most online card companies today rely on advanced computer systems, they can release the approval or disapproval of credit card applications in a matter of 60 seconds to two minutes.
Not only that, credit cards with instant approval are also delivered rather quickly to the homes of credit card applicants. In just four to seven days, consumers can immediately receive and enjoy the benefits of their guaranteed approval credit cards.
2. Low Interest Balance Transfers. For people with good credit history, another excellent feature of most instant approval credit cards is low interest balance transfer. You can actually transfer the existing balance in your other credit card accounts to your low interest instant approval credit card. In so doing, you can significantly reduce the amount of money you have to pay on interest and fees. And you can generate for yourself substantial savings.
3. Halts Multiple Card Applications. The long wait for the decision of card companies makes some credit card applicants feel uneasy. After all, they do not know whether or not they will be granted the credit cards they need. So what most of these consumers do is to send multiple applications to different card companies. Little do these people know that sending out multiple credit card applications can inflict damage to their credit standing as this can cause them to lose valuable points from their credit score.
But such scenario never existed in guaranteed approval credit cards. The reason for this is that in just a few minutes, credit applicants can immediately know whether or not they will receivethe credit cards which they have applied for. And since most instant approval credit card programs possess very few application requirements, consumers can have a great assurance of being granted the credit cards they need.
We hope that this short discussion helped satisfy your curiosity about the benefits that you can enjoy from obtaining and using guaranteed approval credit cards.