If you are in urgent need of new credit card, instant approval credit cards are the solution that you need. They are named instant cards because the approval is instant, which is around a week from the date of application submission. Keep on reading because this article will provide information about the benefits of instant cards, things to consider before submitting application and two ways to get these credit cards.
What are the benefits of instant approval cards?
The first benefit from having these cards is that you have the opportunity to get low-interest loans. Acquiring instant approval cards is quite difficult because credit card companies mostly offer the cards only for those who have good or excellent credit score. Based on that fact, lenders are usually eager to provide low-interest loans if you have these cards.
Besides helping you to get low-interest loans, these cards are the best option when you need cards in a hurry. Many websites that enable you to get these cards offer approval during holidays and on the weekends. Due to the difficult rules to acquire the cards, do not get discouraged when your application is rejected by several websites. You can get cards by calling several credit card companies via phone. In many cases, calling credit card companies directly have higher success rate than applying through websites. Do not be afraid of rejection, because if you keep searching, you will find companies that can accommodate your needs.
Things to consider before applying for instant approval credit cards
In most cases, the word instant usually comes with inconvenient consequences. The first inconvenient consequence is that these cards can easily damage your credit score. Applying too many instant credit cards in a short period of time can slightly lower your credit score temporarily. If you are trying to instantboostup improve your credit score, it is advisable to think twice before applying for instant cards.
Another inconvenient consequence that you will get is the hefty fees. You might be surprised when you apply for low quality instant cards and your application is approved within a day or even an hour. It seems great but you have to beware because most likely you will get hefty fees. Before sending an application with any credit card company, it is highly recommended to read the terms and conditions. It indeed takes times to read them, but by reading, you will know how much fees that will be charged to you when you are granted with the credit cards.
How to get instant credit cards?
Most people get these cards through direct offers from credit companies or lending institutions. Some companies even allow people with minimal credit history to get these cards as long as they meet certain criteria. If you are interested, you only have to call the issuer to get the cards. It does not take much time because the issuer usually already has data about your credit.