You must first know your credit score before applying for an instant credit card approval. Credit scores of 750 or more will get you approved to apply for almost any credit card. A credit score of 620 and below could result in lower credit limits and higher interest rates. A secured credit card is a way to get a credit card if your credit score falls below 620. You will need to place collateral such as a car or house. This collateral may be forfeited if you default on your payments.
WalletHub's Editors Picks for the Best Instant Approval Credit Cards
WalletHub editors compared over 1000 credit card offers to help them find the best instant credit cards for those with good credit. The terms and conditions of each card were analyzed along with other factors such as annual fees and rewards programs. They've also grouped the cards by category to make it easier for you to make a decision.
Capital One Quicksilver Cash Rewards Credit card is for you if you have excellent credit. The card does not have an annual fee but you will need to make a refundable security deposit. This will reduce your spending limit. Although the card requires a security deposits, it is able to be instantly approved online and offers good rewards.
You can also apply instantly for credit cards for those with poor credit. These cards include a prequalification tool to determine your chances for approval. You will be issued an instant card number once you have been approved. This approval process is not a science. Each issuer has its own policies.
Comenity Bank
Comenity Bank offers many credit cards. They offer store credit cards as well as certificates of deposit and high interest savings accounts. If you're looking to build your credit, a Comenity Bank card is a great choice. Many cards from Comenity Bank have low credit requirements, and they are linked to rewards programs through various retail partners.
Online application is the best way to get Comenity Bank approval immediately. You can do this by navigating to their website and clicking on the card offer. This will allow you to apply for a card without having to give your full Social Security number. You will not be subject to a credit pull. But, once you have been approved, your credit report will reflect the account.
Comenity Bank has a card that suits your needs regardless of your credit history. The bank is partnered with more than 135 retailers, making it easy to find a card that suits you.
SoFi
If you have good credit and would like to apply for a SoFi Credit Card, this is the place for you. This credit card is accessible at many merchants and does not require pre-qualification. Your credit score could play a part in your eligibility. If you have a low credit score, it is possible to apply. However, having a higher score could increase your chances of being approved.
The SoFi credit card also allows you to earn points on your purchases. Two points are earned for every dollar spent on purchases. These points can be lost if you cancel or break the terms. If you have made all your minimum payments, you will be eligible to receive a reduced rate of APR for 12 months.
Another advantage of the SoFi Credit Card is that you have the option to cash out your rewards. Your rewards can be used for many purposes including budgeting, investing and travel. Redeem your rewards to open Savings and SoFi checking accounts.