Instant Approval Credit Cards

It is a known fact that not all people have the attribute known as patience. When sending out credit card application, you may have to wait a few weeks or even months just to learn that you have been denied. If you want to quickly know whether your application has been approved or turned down, go for instant approval credit cards. Usually, you will find online applications that only let you wait for 60 seconds.

A Word of Caution

It is recommended that you only apply for two to three credit cards at the same time. If you do this excessively, your credit history will be affected in a negative way. It is also helpful if you know your FICO or credit score. You may be applying for a credit card that requires excellent rating when you only have good rating. Issuers base their decisions mostly on your score.

List of Instant Approval Cards

Below are a few cards that offer instant approval. The benefits and features of each are also given to give you the opportunity to compare each of them and to make a good decision on which one will best meet your needs and your lifestyle.

Walmart MoneyCard MasterCard Prepaid Card. You can apply for this credit card online. You do not have to pay the issuance fee. There are also no overdraft fees and no minimum balance needed. If you have bad credit or you do not have a savings account, this card is perfect for you. Note that it is a prepaid card, which means that you need to deposit money on this account in order for you to use it for purchases.

DiscoverMore Card. This one has no annual fee and gives back cash rewards each time you use it for travel, and dining. Other expenses will give you rewards as well. This also has built-in protection against scams and fraudulent credit card charges.

Miles by Discover. If you are a frequent traveler, this card is perfect for you especially if you wish to know immediately if you have been approved or not. You can get thousands of bonus miles for your first year of owning the card. This has no interest fees on balance transfers for half a year and does not charge an annual fee ever.

First Progress Platinum MasterCard. A secured credit card, approval rate for this is really high. However, this may only work for you if you are a resident of the United States. You may not also be approved for this card if you live in Iowa, Arkansas, Wisconsin, and New York. The security deposit for this is refundable if you pay off your balance.

The First Progress Platinum Mastercard is great for people who have debt or those who are just starting out with building their credit history.

Apart from those listed above, there are still several instant approval credit cards that you can choose from. Most of these types of cards do not check credit history, but there may be a few that will consider your credit score. It is, therefore, imperative that you select the right card that fits your current situation. Learn about the requirements of each card first before you submit your application.