Life in the fast lane: instant approval credit cards
Instant decision credit cards really do exist and can be applied for and received in as little as a week. Instant decision means just that. When you apply for the card you will be give a decision there and then immediately. You can apply for this type of card over the phone or in person at a bank, but the most common way is through an online application. This is hardly surprising, considering that Internet card use has quadrupled in the last five years. So how do you go about find and applying for this type of card and how does it really work?
Every aspect of instant approval credit cards is hidden within the confines of cyberspace, so here's how it works. Instant approval credit cards cover cards that you can apply for online, over the telephone or in person and receive a decision there and then. Internet card use has quadrupled in the last five years and nowadays even credit card applications can be made online, making a decision even faster. Many card companies advertise a wait of only 60 seconds for a decision on your application, but some may be considerably longer.
With an instant approval credit card you can apply for the card and be accepted in seconds. However, don't let that phrase fool you. Just because a card is advertised as an 'Instant Approval' card, does not necessarily mean that you will be approved. Perhaps a more accurate term would be an 'Instant Decision' card. Although you can get instant approval over the phone and in person at a branch, applying online can be even quicker. It's a simple process of visiting the card provider's website, filling out a form and hitting the 'apply' button. After a few moments you will find out whether you have been accepted for the card. Some companies are now offering 60 second instant approval, which is going to be pretty hard to beat.
A lot can happen in 60 seconds. The bank's computer checks the form and compares it with your credit report. Your credit report is held by one of the major credit referencing agencies and has details of your credit history. Your report also contains more mundane information such as your name and address. All of this information is compared to the information you have provided on your online application form.
If all goes well, and your credit rating is good, you should then receive your card in a matter of days. However, other companies may have further checks on some or all applications, depending on how strict their criteria are for acceptance. With the current economic climate, companies are becoming more cautious, even on instant decision cards. Some companies take a couple of days checking through applications and make more queries with the credit referencing agencies. Other companies may even spend another couple of weeks before giving you a final, definite decision.
So yes, instant decision credit cards do exist. They are out there. You can apply online and get an initial decision in a minute. The only thing that could cause you any difficulty is going to be from a poor credit rating. If you are card-smart, you will do everything in your power to make sure that your credit rating is as strong as possible at all times. However, with around 228 card transactions every second, a lot of people have been very successful with this type of card application.
Every aspect of instant approval credit cards is hidden within the confines of cyberspace, so here's how it works. Instant approval credit cards cover cards that you can apply for online, over the telephone or in person and receive a decision there and then. Internet card use has quadrupled in the last five years and nowadays even credit card applications can be made online, making a decision even faster. Many card companies advertise a wait of only 60 seconds for a decision on your application, but some may be considerably longer.
With an instant approval credit card you can apply for the card and be accepted in seconds. However, don't let that phrase fool you. Just because a card is advertised as an 'Instant Approval' card, does not necessarily mean that you will be approved. Perhaps a more accurate term would be an 'Instant Decision' card. Although you can get instant approval over the phone and in person at a branch, applying online can be even quicker. It's a simple process of visiting the card provider's website, filling out a form and hitting the 'apply' button. After a few moments you will find out whether you have been accepted for the card. Some companies are now offering 60 second instant approval, which is going to be pretty hard to beat.
A lot can happen in 60 seconds. The bank's computer checks the form and compares it with your credit report. Your credit report is held by one of the major credit referencing agencies and has details of your credit history. Your report also contains more mundane information such as your name and address. All of this information is compared to the information you have provided on your online application form.
If all goes well, and your credit rating is good, you should then receive your card in a matter of days. However, other companies may have further checks on some or all applications, depending on how strict their criteria are for acceptance. With the current economic climate, companies are becoming more cautious, even on instant decision cards. Some companies take a couple of days checking through applications and make more queries with the credit referencing agencies. Other companies may even spend another couple of weeks before giving you a final, definite decision.
So yes, instant decision credit cards do exist. They are out there. You can apply online and get an initial decision in a minute. The only thing that could cause you any difficulty is going to be from a poor credit rating. If you are card-smart, you will do everything in your power to make sure that your credit rating is as strong as possible at all times. However, with around 228 card transactions every second, a lot of people have been very successful with this type of card application.
About the Author:
Rebecca Gold writes financial based articles for financially related websites. Read more about the Instant approval credit card and the Credit card application here.
posted by Debt Consolidation Loan at
1:28 AM
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