Are you experiencing financial problems?

Whether you’re struggling to put food on the table or finding it difficult to fill the car up with gas, you could benefit from access to a credit card to ease your financial worries.

Did you know that you could be eligible for instant approval credit cards?

Requesting credit cards can be an overwhelming and confusing process. That’s why we’ve put together this short, helpful guide to instant approval credit cards so you can make an informed decision.

Let’s take a look at what you need to know before requesting an instant approval credit card.

What Are Instant Approval Credit Cards?

Are you going traveling soon, or experiencing a financial emergency? Instant approval credit cards could be the solution to your credit problems.

You no longer need to have a good credit rating to get your hands on a credit card. While a good credit history is still important, if you have a poor credit history or even none at all, you can still secure a credit card.

This means that no one is discriminated in the process of issuing credit cards. Plus, instant approval cards also take away some of the time-consuming and exhausting tasks of the request form.

With instant approval cards, there’s a speedy decision that to approve your credit request. Now we know what they are, let’s have a look how they work.

How Do Instant Approval Credit Cards Work?

Credit card providers don’t need to check out all of your credit history. This means that the request process is much faster. They don’t even need to know your current employment status.

How Long Does it Take?

With instant approval credit cards, it only takes at the most 24 hours to approve before they can issue you the credit card. Sometimes it only takes a matter of minutes before your request is approved.

The definition of “instant” depends on the credit company. This makes it more important than ever to read the small print.

Initial Deposit Required

Instead of checking your credit history, credit card companies ask you to submit an initial deposit. This protects them financially if you can’t afford to pay the bills.

After you have deposited the deposit in cash, the credit card company will issue you with the credit card. After you’ve used up your deposit, you’re required to top up the account balance.

After you’ve successfully refreshed the account balance several times, the credit card company might consider you for a post-paid credit card.

Build Up Your Credit History

This makes instant approval credit cards an excellent way to build up your credit history by allowing users to demonstrate responsibility with money.

However, in some cases, the credit card company only issues a so-called conditional approval cards. It’s important to be aware of these as well because they are often called “instant”.

This means that they have carried out an initial check of your credit score. But this doesn’t necessarily mean that your request is accepted. They may decide to carry out further checks that consider your credit history, employment status, income, age, and residency.

Therefore, it’s important to keep in mind that an instant approval doesn’t definitely mean you’ll receive the credit card in the end.

Requesting Credit Cards

There are many different types of instant approval credit. Many of these require the customer to have a good credit score.

Don’t worry if you don’t have a credit score at all. There are many instant approval credit card offers available for young people, students and other individuals without a credit score.

It’s important to make sure you do your research. Consider the advantages and disadvantages of each credit card. Don’t forget to read the fine print before choosing to request a particular card.

Remember that immediately after instant approval you won’t receive the credit card. You also won’t have access to the benefits of the card either. Instead, you’ll have to wait up to a week before you receive the credit card.

How to Know If You’re Eligible

Don’t waste your time and energy requesting credit cards when you’ll be rejected anyway. Although you can never be absolutely certain that your request will be approved, there are some things you should know.

It’s important to check out and shop around for the different credit card offers. You can also make use of the online tool Discover Card that determines the credit cards you can secure.

You need to complete and submit an online form with your personal and financial details. Based on the results of this research, you’ll have a better understanding of for which credit cards you might want to request.

The results of these pre-approval tools don’t impact in any way on your current credit score. However, if you have a record of requesting  many instant approval credit cards this may affect your credit score.

Is It Safe and Secure?

Many people are understandably concerned about issues of safety and security when it comes to credit cards.

It’s important to be aware when you have to fill out request forms with your financial details. However, credit card companies use encryption to protect your financial data and keep your information safe.

To ensure the protection of your personal data, make sure you request through the credit card company’s official website. There are some fraudulent websites out there that you should be aware of.

Are you still worried?

Look for further security features, such as a padlock and the verified security badges. This symbolizes the security of a website or online tool.

Request Instant Approval Credit Card Today!

Are you interested in instant approval credit cards?

There are many benefits of instant approval credit cards. However, inform yourself about additional fees, percentage rates and other terms and conditions of credit cards.

To find out more about requesting credit cards, check out our blog, or contact us. We can help you improve your financial situation today with financial advice on credit cards and much more.