Your credit score is essential before you apply for an instant approval credit line. You will be approved for most cards if you have a credit score above 750. A credit score below 620 may lead to higher interest rates and lower credit limits. Secured credit cards are for people with low credit scores. They require collateral to be able to obtain the card. This could include a house, car, or any other asset. In the event that you default on your payments, this collateral can be forfeited.
WalletHub editors pick the top instant approval credit cards
WalletHub editors compared credit card offers from more than 1,000 companies to find the best instant approval credit options for people with good credit. The terms and condition of each card was analyzed, along with other factors such rewards programs, annual fees, and approval requirements. To make it simpler for you to decide, they also group the cards by type.
Capital One Quicksilver Secured cash Rewards Credit Card is a great choice for those with good 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. Once you are approved, you will get an instant card number. These cards are not approved in a perfect science. Every issuer will have different policies.
Comenity Bank
Comenity Bank offers many credit card options. Comenity Bank focuses mainly on store credit card, but they also offer certificates for deposit and high-yield saving accounts. If you're looking to build your credit, a Comenity Bank card is a great choice. Comenity Bank cards are available to anyone with a low credit score and can be linked to rewards programs offered by various retail partners.
Online application is the best way to get Comenity Bank approval immediately. Go to their website to view the offer and click on it. This will allow to you apply for a new card without revealing your Social Security number. This method will also not result in a hard pull on your credit report. Remember that once your application has been approved, the account will be visible on your credit report.
Whether you have excellent credit or bad credit, Comenity Bank offers a card that will meet your needs. You will find the perfect card by working with more than 135 merchants.
SoFi
If you have good credit and are interested in getting a SoFi credit card, you've come to the right place. This credit card is open to all merchants. There's no pre-qualification. However, your credit score might play a role in your ability to qualify. If you have a low credit score, it is possible to apply. However, having a higher score could increase your chances of being approved.
Another benefit to the SoFi card is the ability to earn points for all purchases. You earn two points for every dollar you spend on purchases. These points will be forfeited if your account is closed or you violate the terms. If you make all minimum payments, you may be eligible for a lower APR after 12 month.
Another benefit of the SoFi credit card is that you can redeem your rewards for cash. You can use your rewards for a variety of purposes, including travel, investing, and budgeting. You can also redeem rewards for SoFi Savings and Checking accounts.