Can I Get An Instant Approval Credit Card?

If you have an excellent credit history, finding a credit card with instant approval should be easy for you.  However, for people with unimpressive credit rating, getting approved can be a little more difficult.  The good news is that there are credit card issuers that offer guaranteed approval even for those with bad credit.

This post provides practical tips on how you can obtain an instant credit approval card.  But first, let’s define what the term “instant” really implies:

 

Instant or Quick Approval

Many Issuers today enable consumers to submit their applications online.  Some Issuers even offer a response within 1 minute upon receiving your application.  Such a process is definitely quicker and more convenient than going to your nearest bank to fill out an application.

Once approved, your instant approval credit card will be delivered via registered mail which can take between 5 to 7 banking days.  After receiving your card, you must activate your account by calling your Issuer and then you can use it for payments.

[Article: How To Get A Bank Loan or Credit]

Why Check Your Credit Report

Before sending out your application, it is recommended that you get a copy of your personal credit report so you can check it for errors or any inaccurate information.  You may ask, since I can expect instant approval, why should I bother to look into my credit report?

Errors in your report could be unnecessarily pulling down your credit score.  Remember that your actual rating can actually make a big difference with your credit card’s interest rate.  Raising your score by even a few points can reduce a significant percentage in your APR.

 

Instant Approval for Bad Credit

Yes, you can still get a guaranteed approval credit card despite a poor credit rating.   Needless to say because you are considered as a high risk customer, you will be offered a secured credit card.  Is there a special requirement that you need to know?

The only requirement for a bad credit credit card is the security deposit.  The amount can range from a minimum of $200 to as much as $500 for personal secured cards.  Meanwhile, a higher security deposit may be required ($1,000 and up) for those who need a higher credit line.  Generally, the credit limit extended to the cardholder will be equal to the value of the security deposit.

 

Don’t Hurry, Shop Around

Although approval is guaranteed, consumers are strongly advised to spend time comparing choices.  You can use credit card review websites to see which Issuers provide the best instant approval cards in the market.

Whichever you decide to choose, see to it that you have carefully read and understand the fine print before submitting your application.  Last but not least, make sure that your chosen instant approval card offers credit reporting to the three major credit bureaus.

As soon as you get your card, use it to start rebuilding your bad credit rating.  Truly, instant approval credit cards offer consumers the chance to rehabilitate their damaged credit history by making prompt and consistent payments.

 

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

1 Comment
  1. I go to see everyday some web pages and blogs
    to read posts, except this weblog presents feature based writing.

Leave a reply

NHBS Inc © 2024

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

Business Loans

Consumer Loans

New Horizon
Logo
Enable registration in settings - general