Applying for Instant Approval Credit Cards Online

Posted by Nick Niesen on October 29th, 2010

Instant approval credit cards are convenient ways in which to get you some instant credit. Apply for an instant approval credit card online and you can find out, within a few minutes if you are eligible for one or not. So an instant approval credit card is fast, its simple, and really a boon if you want some instant credit extensions. The key for getting an approval lies in making your application correctly and wisely. Here are tips that will help you get an instant approval credit card online.

Find the Right Instant Approval Credit Card

You will be spoilt for choice when you go shopping for an instant approval credit card online. It is easy to advice you to research each one of them thoroughly, but you need to know the precise factors to consider during your research. In order to give you immediate credit, the credit card company will take its pound of flesh with the following ? annual fees, interest rates, and other miscellaneous fees. A simple Google search will show you a quick comparison of the best rates of interest, annual fees, etc in your local area. If you have good credit, negotiate for a lesser interest rate or for zero annual fees. If you have a less than perfect credit history, find cards that offer a lower interest, less annual fees, etc

Secured Instant Approval Credit Cards

However, in case your credit history is really bad, find an instant approval credit card which offers a secured advance. You need to pay cash upfront in order to get credit. Ensure that the card reports this to the credit bureaus so that it helps you build a better credit history. Clear this point even before you apply for the card or you will have wasted your cash and your time.

Online Formalities for Instant Approval Credit Cards

You will see the online form you are required to fill out is pretty much the same as a regular credit card application form. Generally, the higher your household income, the better your chances of getting an approval. Avoid lying, as this information is useful for avoiding bankruptcy. If you inflate your household expenses, then the credit company will offer a higher credit limit. Anyone will be tempted to use up that credit limit. And if your income does not allow you to pay back your debts, you will find yourself falling quickly into the debt quicksand.

Applications for a secured instant approval credit card does not requires such details - as long as you have the money and the facility to transfer the amount from your bank account, you will be able to get yourself an secured instant approval credit card. Just ensure the site is secure ? you can see a small lock appearing on the bottom right side of your browser window. This prevents hackers from accessing and misusing your credit card details.

Status of Instant Approval Credit Card Online

Generally, you will know the status of your application within a minute or two. If your application has been approved, then you can immediately start spending a limited amount. However, if the company needs to have a closer look at your accounts, they may defer their decision for a few days.

However, an instant approval credit card online is still the fastest way for getting a credit card or at least, some credit extension. Instant approval credit cards have their pros and cons and if you are aware the basic formalities of getting such a card, then there is no reason why your application should be rejected. But remember, an instant approval credit card may give you increased credit and may gratify your needs immediately, but they are double edged swords ? ensure that your credit history is not wounded in the process of acquiring too many credit cards.