Instant Credit Card Approval

2007-03-08 10:33:40

( Financial )



Instant credit card is a new strategy practiced by major banks and credit institutions to lure existing people with credit cards to register with them. It has been around for quite a while already, but some people have wrong initial perceptions regarding instant credit cards.

Instant credit card approval is a more convenient way of applying for a credit card account than the traditional way of going to the bank directly. Mostly available online, instant credit card approval usually requires you to have a good credit history with no bad credit record. It involves securing an application form through various websites of the credit companies. You can pass your application online, and find out if your application has been approved or rejected within minutes. Most creditors inform you of your instant credit card approval through e-mail.

Some people have thought that instant credit cards are literally credit cards that you could use immediately after you have been notified of the approval. In this aspect, only the approval is instant. You have to wait for your actual credit card to arrive before you can actually start using it to purchase products. Instant credit card approval has been very popular among consumers, and is drawing millions of inquiries. Before you inquire, however, be sure to weigh your advantages and disadvantages. When your application is approved, you will be able to use your new credit card as soon as you have it activated. There is no difference whatsoever between instantly approved credit cards and the traditionally approved credit cards. Both look the same and bear the same privileges. However, when your application is declined, be noted that your application is recorded and gathered in a document that keeps track of all your credit card applications, whether approved or not. When your file shows that you have more credit card applications than usual, creditors may view this as a bad record, keeping you from having approved applications in the future. Although almost anyone can secure an application, make sure that you are aware of the consequences is entails.

When you apply for an instant approval credit card, don't be surprised by its contrast to the process of applying for a student loan. When you apply for a student loan, credit agencies normally don’t require credit checks. They grant loans to almost all of the students who apply. Instant credit cards require a good to excellent credit history. Although both do not require complicated application processes, instant credit cards are more cautious than student loan agencies.

Applying for an instantly approved credit card removes the time-consuming effort of going to the bank to secure an application. You can apply online anytime with instant credit cards, whether day or night. It’s stress-free, convenient, and fast.


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