How to Get a Credit Card Instantly

Advances in technology can make "waiting" obsolete. Businesses use this technology to provide instant access to information, products and services. A common example of how technology eliminates waiting is the speed in which you can get a credit card. Many retail and online businesses now offer instant credit cards combined with attractive incentives for applying. With good credit, you can apply, receive approval and begin using a credit card before leaving a retail store or online checkout line.

Tips and Warnings

• You can get a free copy of your credit report every year from each of the three major credit agencies. A free credit report does not include your credit score. You get a good idea of the shape your credit is in by viewing the report and usually by purchasing the score at a discount rate. Before applying for the credit card, make sure you understand how the company defines the term "instant." For some, instant means a decision within 60 seconds and immediate access to your credit line. For others, it means a decision within 24 hours and a wait of one week or more before the card arrives in the mail. Instant credit cards use an automated approval system. If your credit is not strong enough to qualify for instant credit, you will receive a rejection or a message stating further review is necessary. If your application requires further review, approval could take up to two additional weeks.
• Be careful to protect your credit rating when applying for an instant credit card. Credit requirements may qualify you for credit with some companies and lead to a denial with others. Regardless, each application sparks an inquiry on your credit report and too many inquiries can lower your credit score.

Things You'll Need

• Credit report

References

• Your Credit Network: Instant Approval Cards
• Credit Card Guide: Instant Approval Credit Cards
• Credit Cards: Instant Credit Card Approval