Need credit fast for an emergency or upcoming travel? Instant approval credit cards are a convenient way to take the guesswork out of the application process. Instant approval means that when you apply for the credit card online you will receive a quick decision, often within a few minutes, on whether or not you have been approved.
How the instant approval process works
When you apply for an instant approval card online, the credit card company will run a preliminary credit check. Generally, the higher your credit score is, the more likely you will be approved for the card.
Once the credit card company receives your score and approves your application, they usually issue a “conditional approval, ” while they perform a more thorough check of your credit history. Creditors typically determine your creditworthiness by examining your financial background including your prior credit card usage, income, and they will verify you meet their age and residency requirements. Therefore, an instant approval is not always a guarantee you will receive the card.
What you need to know before you apply
Generally, to receive an instant approval, you need to have good to excellent credit. However, for example, if you are a student with a limited credit history, you still have plenty of options. Several credit card companies offer prepaid, secure and instant approval student credit cards that can help.
While the approval process varies by issuers, an instant approval does not mean you have immediate access to the credit card. Typically you will have to wait 5-7 days to receive your new credit card and terms.
Is it safe to apply for an instant approval card?
While providing your personal financial information through a website can be scary, credit card companies use data encryption to help keep your personal financial information safe. However, it’s always a good idea to apply for the credit card directly through the credit card issuer’s website, and look for additional safety notifications like a padlock or verified security badge.
Taking the time to research before you apply can help you find a low interest or rewards card offering instant approval. Once you get approved, you’ll soon have a new card in your wallet rewarding you for everyday purchases from gas to groceries.
Discover card believes that consumers should be armed with the information they need to help them make informed credit decisions.
Legal Disclaimer: The articles and information provided herein are for informational purposes only and are not intended as a substitute for professional advice.
Online car shopping is a form of online shopping, specifically the process of utilizing services available on the Internet to gather information and/or purchase a new or used vehicle. High value advantages including quick price comparison, crash test ratings, fuel economy standards, and most importantly, shopping anonymously, keep the consumer...
Instant DVD Australia is Australia's largest automated DVD-rental vending-machine network. Machines are currently operating in 20 Sydney and Melbourne retail locations, including Woolworths and IGA supermarkets. While retailers host the machines in their stores, Instant DVD is operated independently.
DVD-rental vending machines are successful...