The Best Instant Approval Credit Cards

A Credit Article Contributed by Augusta Wilson

What is an Instant Approval Credit Card?

An instant approval credit card is an online credit card offer, which you apply for online, receiving an instant approval.

There are So Many Instant Approval Credit Cards out There- Which One Should I Choose?

There are so many great deals online for instant approval credit cards, that it may be difficult to decide which one is best for you.

Here are a few tips for finding a great deal.

Firstly, you should look for is a low ongoing APR, or annual percentage rate. Many card companies offer a 0% introductory rate. This is a period in which there is no interest on your credit card balance. However, it is also important to look for offers that have a low overall APR; while it may be tempting to take advantage of any offer of a low into. APR, this low APR means nothing, if the long term interest is exorbitant. So, take some time to look around, and only apply for those cards which offer the most competitive interest rates.

Secondly, you should make sure that the card has a very low annual fee. While many credit card companies which offer instant approval, often have no annual fee, whatsoever, there are many card offers that do. One of the worst credit card offers out there, for example, the First Premier Bank Gold Mastercard has an annual fee of over over $200! While it does offer instant approval, you probably won't be offered a very high credit limit, and in some cases, it has actually been reported that the credit card was maxed after the annual fee has been charged to it!

Finally, when deciding on a credit card with instant approval, you should take into consideration your spending habits. Are you an entertainment junkie? Or have you just purchased a new Suburu? Believe it or not, there are credit card offers to suit almost every personality. For example, Chase has a platinum credit card offer that has a rewards program that lets you earn points which can be redeemed for DVDs and CDs; and when you apply, you will receive a free movie ticket.

Chase also offers the Suburu reward points program; card holders can earn points for every dollar spent, which can be redeemed for tune-ups and for purchasing auto parts.

I've Decided Which Instant Credit Card Offer to Apply for- Now What?

Once you have decided which card you want to apply for, just log on to their website, and simply apply. You should receive an approval fairly quickly. However, sometimes the card company's system can not process online applications, due the sheer demand. If this happens, you should receive an approval and your new card within five to seven days. If you do get an instant approval, most companies will give you your account information, like account number, expiration date, and credit line. This way, you can start using your card straight away, with no waiting, for your card to arrive.