A preliminary credit check is run, and the better your credit score, the more likely you will be granted the card. This requires that you submit a brief form where you provide basic personal and financial information.
This card accepts bad to fair credit and no minimum credit score is required. This card has an unusual feature for its type of a 6-month balance transfer rate of 9. With an instant approval credit card, you can learn within minutes whether you are accepted as a card member. A preliminary credit check is run, and the better your credit score, the more likely you will be granted the card. Then, you are granted conditional approval, once the lender gets your score and approves your file, and a more thorough check of your file is conducted.
Heads up that instant approval isn't a guarantee that you will be accepted. As tempting as an instant approval offer might be, it's important to shop around. Look at the fees and the features — you don't want to choose the first card you find.
No, however, you can increase the likelihood of acceptance by checking your credit score and the score the card requires before applying.
Also, you can use a tool like our CardMatch tool to assess which cards you are a good fit for before you apply. Prequalification is when you provide information to a lender and they conduct a "soft pull" or a credit check that doesn't affect your score. The advantage is that you have an idea of whether your application will be accepted before you formally apply. When you formally apply, a "hard pull" is conducted, meaning your score is slightly affected.
It's a necessary process for a formal application. This is not a firm offer — the lender may decide not to grant you the line of credit once your application is formally reviewed. Preapproval means a lender has looked at your data and decided to extend a conditional offer to you.
To be accepted, you have to formally apply. This is a firm offer of credit unless there is a dramatic difference in your credit or if your income can't be verified. Once you apply, you could be offered another offer, or you could even be rejected.
If you don't want the card, be sure to shred the preapproval because there can be personal information printed on it, such as your name and address. Want to opt out of prequalifying offers?
Call or visit optoutprescreen. While preapprovals and prequalifications of cards don't affect your credit score until you formally apply, when you do apply, your score is impacted by about 5 points.
That's why it's important to know your score ahead of time and only apply when you have a high likelihood of acceptance. When you apply for a credit card, you are required to fill out an application that's typically a page long that includes personal information including name, address and Social Security number as well as income, income source and monthly housing payments. When you hit the apply button, one of several things can happen. You can be approved within minutes, it can go into "pending," or you can be rejected.
If you don't want to wait the week to find out the answer when it goes into pending, you can call customer service and have the agent gather more details to make a decision then and there.
Otherwise, you'll get an answer in the mail, and possibly your card. If you are rejected for a credit card , the card issuer must give you the reason why. Other than a credit score that is too low, the reasons can be:. Although there are a number of reasons why you might be rejected, the biggest factor is your credit score.
The better your score, the more likely you will be accepted. Below is looking at FICO scores on a scale of , with as the best:. Card issuers vary in what they check when you apply for a credit card. In addition to what you provide, they will check your credit. Here is some of the information they might ask for:.
Want to apply, but not sure if you should? The New York Federal Reserve found that younger people with lower credit scores are more likely to apply. But no matter your age, there are a number of reasons why you might want to apply for a credit card. While you might think that a credit card can hurt your credit, particularly if you are uncertain about paying on time, cards are actually an excellent way to build credit.
Worried about paying on time? Use the Gmail Snooze tool to remind you. Plan ahead and choose a card with rewards that you can use down the road. Say you have a sizeable balance on an older card. Rather than paying interest each month, you can transfer the debt to a balance transfer card and pay less interest or avoid it altogether. Plan to keep and use the card after the debt is paid off, because the available credit indirectly benefits your credit score.
With the right rewards card, you can earn cash back, miles or points for your everyday spending. Look at the possibility of using multiple rewards cards for your spending, such as the Capital One SavorOne for restaurants, but the Blue Cash Preferred for groceries. Hotel and airline cards offer many travel-specific benefits, including upgrades and conveniences, such as priority boarding and late check-out.
Map out which airports you tend to fly out of and into to decide the best cards for your wallet. Laura is an editor and writer at CreditCards. She has written extensively on all things credit cards and works to bring you the most up-to-date analysis and advice. You can reach her by e-mail at laura. We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful.
For your safety, we ask that you do not disclose confidential or personal information such as your bank account number, phone number, or email address. Secured cards have much lower application requirements than unsecured credit cards but require a security deposit. Secured cards often report to credit bureaus which can help you build your credit. If you need the card for a particular purchase, the fastest way to get instant credit is to get a store credit card.
Most department stores will happily offer you one, run the application immediately, and print a slip that you can use for in-store purchases instantly. For example, if you apply for a Walmart credit card in-store and get approved, you will receive a Temporary Shopping Pass to use within 24 hours at the same store. Gas station cards work the same way — you can apply for a gas card at one of the gas stations and use it for gas at that particular chain of gas stations.
This option can help to check if you are be pre-qualified for an offer by checking basic information such as your age, income level, and address. Otherwise, regardless of what banks say about their approval process, you usually will not get your card delivered before weeks after your application.
Of course, if you have excellent credit and a flawless credit history, some banks will process your application fast and will be ready to hand you the card as quickly as possible. Nevertheless, the card still needs at least days to arrive in your mail. There are several tips for speeding up the process.
Ask the clerk about your application. It always helps to be polite, cool, and easy; avoid appearing desperate. If the bank asks you why you want a card, it is wise not to mention sign up bonus or incentives. Ask for expedited overnight shipping. If such an option is available, take advantage of it and get your card quickly.
Some card benefits are accessible before you get the physical plastic in your hands. If you were turned down by unsecured and secured cards, there are cards that do not perform credit checks, both of them secured. Many great credit cards offer a quick credit decision and there are several delivery options to get your card fast including using a virtual card for online shopping in the meantime.
Often, you can find a more balanced offer if you take your time and do a better research. See some truly instant approval credit card options in our summary below. Blog Ask our expert Find a card Advertiser disclosure. Speed up application Get a card instantly. Checking Account Required Fast and easy application process; response provided in seconds A genuine VISA card accepted by merchants nationwide across the USA and online Manageable monthly payments If approved, simply pay a Processing Fee to open your account and access your available credit Reports monthly to all three major credit bureaus.
American Express Serve CashBack. Best for members rebuilding or establishing credit It's a real credit card — not a debit or prepaid card. Capital Bank OpenSky Secured. Capital One Secured MasterCard 1 review. Wells Fargo Secured Visa. JC Penney Credit Card. Marathon regular credit card. Chevron and Texaco regular card. Credit cards for Credit Score of ? Is there a store credit card I can get approved for with a You may also like.
Instant Approval Credit Cards. Receive an instant response to your credit card or prepaid card application within 60 seconds. Although issuers strive to provide an approval whenever possible, more time may be needed in certain circumstances to determine if your application is approved, denied, or additional verification is needed. Belk Credit Card – Open a Belk credit card and assuming you are approved, you’ll get an instant 15% to 20% off any items you buy today with your new card. Also offers an ongoing rewards program. Best Buy Credit Card – “Apply today, shop today.” Major electronics/appliance superstore offers Visa or store-only cards you can get approved for instantly — and use online immediately. 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.