Instant approval credit cards, also known as guaranteed approval cards, are a group of credit cards that have continent ways of application.
Instant approval simply refers to the situation when a person applies for a credit card online, he or she could receive a quick decision within a few minutes. This quick decision is a preliminary decision, which means this person could start to use this credit card within a short time while he or she might receive further inspection about his credit history in the future.
Since the application process is extremely convenient, applicants with higher credit scores are more likely to get approved. In other words, for quick application, credit score is the key evaluation element. Other crucial elements for application also include income and past credit card usage. If the applicant gets approved in the quick application, credit card companies usually issue a conditional approval and it will perform an in-depth review of the applicant’s credit history.
In order to apply for an instant approval credit card, you might need to prepare the following information:
Proof of Identity and Personal Information
You need to prepare information as your name, address, as well as Social Security Number
Income and Employment
You also need to provide any proof of employment or income, such as the details of your employers.
Some people might worry that whether it’s safe to apply an instant approval credit card, since the whole process is conducted online and is inspected by machine instead by an employee.
While most of the credit card issuers provide data encryption to keep their customers’ personal financial information safe, sometimes it might be dangerous if you enter your personal information in a fake website. Thus, it’s extremely careful to distinguish a real website. It’s always a good idea to apply for the credit card directly through the credit card issuer’s website and carefully look for additional safety notifications like verified security badge.