When you want or need a new credit card it is often important to be able to use it very quickly.
You may need it for an unexpected emergency, to pay some bills or for a vacation.
Whatever your reasons are, this option is now available through online credit card applications.
Applying for instant approval credit cards requires good to excellent credit.
If there are any issues on your credit report or it is less than perfect, a manual review of your credit card application is required and therefore it will take time for you to receive the new card and it could also result in a denial of credit.
Even if you get instantly approved you still need to wait for the card to be processed and arrival of the physical card in the mail.
However the card should be in your possession in a matter of 5-6 days compared to traditional credit card processing where it could take weeks for your card to arrive.
The promise of an instant approval can seem enticing and make you forget to look at the other factors.
Carefully look at the terms and find out if there are annual or hidden fees associated with your card Avoid making a hasty decision and find the card that suit you the best, by searching credit card comparison sites that list available instant approval credit cards from a variety of issuers.
Examine the credit card offers and perks they have to offer.
Typically you will be able to achieve a cash back percentage of 1 to 5% depending on the type of purchase, with gas and groceries providing the highest cash back.
With this information available you can now make an informed decision that you will not regret once the first credit card bill arrives in your mailbox.