Need a card in a hurry? Just a fan of instant gratification?

ExtraCreditCards.com has rounded up several instant-approval credit card offers that may interest you. No more waiting 7-10 business days for a response by mail!

Gone are the days when you had to wait for weeks to get a credit card. Nowadays, credit card companies allow potential customers to apply online. There are hundreds of such credit card companies that claim to approve your application instantly. However, be wary of such things. The best way to apply for a credit card is through the issuer company’s website. This does not mean that you can get the card instantly; it only means your application will get approved within a short time, possibly within minutes. Many people today have heard about the “instant approval” credit cards, but may not understand exactly what they are. Instant approval is the method used by banks and credit card companies to take your application and instantly make a decision based on data they get from your online credit report. It is different from traditional credit card applications because you are either approved or rejected as soon as your application is submitted. Instant approval is a method that is different from instant decision. When a bank makes an instant decision, this means that a certain period of time is given to the credit card company to decide if an applicant is approved. They will typically do a detailed background check, and it may take days or weeks for them to decide if applicants are approved. Many people may have also heard of the term “instant credit.” Instant credit means that in addition to being approved immediately, you are also given a temporary credit card that allows you to make online purchases. Instant credit isn’t used much by the banks today due to the many fraudulent charges that were made after they begin offering it. Instant approval gives banks a reasonable amount of time to determine if an applicant is a good candidate.

Most of the time, opening an instant approval account will allow you a discount off whatever you are buying that day. When the account is opened while you are already in line, they usually restrict the discount to just the items for that transaction. On the other hand, if you apply right when you walk into the store, you may be allowed the rest of the day (while the store is open) to apply the discount to your purchases. It varies from store to store, so be sure to ask.

Interest Free On Purchases

Similar to other accounts, instant approval credit cards offer an interest free term, usually on purchases over a certain amount. The length of the interest free period can be anywhere from three months to a full year. As long as you pay off the entire balance before that period of time is up, you will not have to pay interest. Also important to note that the amount of the purchases is usually not very high while the credit limits on instant approval credit cards are often higher than those offered by banks.

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