Instant Approval Credit Cards - The Advantages Of Applying OnlinePosted by Nick Niesen on October 29th, 2010 Getting instant approval for a credit card ? and sometimes getting immediate access to use it ? can now be done in less than 60 seconds. No muss, no fuss like the old days when getting a credit card took a month or more. If you weren?t aware of how instant your approval could be, now is the time to find out. How did the instant approval credit card come about? The answer is that the Internet has completely changed the way card-issuing banks can research consumer information and make a decision about an applicant?s credit worthiness. Nearly every major financial institution that issues credit cards ? including Chase, CitiBank, American Express, HSBC, and others ? now allows you to use the Internet to fill out their application online with complete security, submit it with the click of a button, and then count the seconds while they make their decision. And in most cases, if your credit is good to excellent, you will be approved instantly and a credit card will be on its way to you within days. Behind the scenes, instant approval credit cards use the speed of the Internet and the sophisticated communication networks created for the banking industry. When you submit your application, banks can now easily verify your identity and check with one or more of the three national credit bureaus ? Experian, Equifax, and Trans Union ? to ensure that your FICO score meets their application criteria. (Your FICO score is a mathematical calculation performed by each of the credit bureaus that rates your credit history on a scale of 0 to 800.) If you?re wondering why you might want to take advantage of this instant approval service to get your next credit card, there are several good reasons: 1. Many banks periodically offer special promotions on their credit cards, such as 0% APR on purchases and/or balance transfers for a specified period of time or bonus travel miles on airlines. These are offers you may not hear about if you don?t browse the Internet looking for instant approval credit cards. So the next time you are pondering your credit card needs and feel that you can benefit from a new credit card, consider looking into an instant approval card. In today?s fast-paced world, you may agree that this new form of getting a credit card makes a great deal of sense for consumers. Copyright 2005 Ed Vegliante. Like it? Share it!More by this author |