Your credit score is essential before you apply for an instant approval credit line. Credit scores of 750 or more will get you approved to apply for almost any credit card. However, a credit score of 620 or below may result in higher interest rates and a lower credit limit. A secured credit card may be an option for you if you have a low credit score. In order to qualify, you will need to provide collateral. You could lose this collateral if you default in your payments.
WalletHub's editors have picked the best instant credit cards for approval
WalletHub editors have sifted through more than 1,000 credit card offers to find the best instant approval credit cards for good credit. The terms and conditions were reviewed along with other factors including annual fees, rewards programs and approval requirements. To make it simpler for you to decide, they also group the cards by type.
Capital One Quicksilver Secured cash Rewards Credit Card is a great choice for those with good credit. The card does not have an annual fee but you will need to make a refundable security deposit. This will reduce your spending limit. Although the card requires a security deposits, it is able to be instantly approved online and offers good rewards.
You can also apply instantly for credit cards for those with poor credit. These cards offer a prequalification tool, which helps you to determine your chances and approval. After approval, you will receive an instant number. This approval process is not a science. Each issuer has its own policies.
Comenity Bank
Comenity Bank offers many credit card options. Comenity Bank focuses mainly on store credit card, but they also offer certificates for deposit and high-yield saving accounts. Comenity Bank cards are a great way to improve your credit rating. Comenity Bank cards are available to anyone with a low credit score and can be linked to rewards programs offered by various retail partners.
Comenity Bank allows you to apply online for approval instantly. Go to their website to view the offer and click on it. This will allow your to apply for a credit card without having access to your Social Security number. This won't result in any hard pulls on your credit reports. Remember that once your application has been approved, the account will be visible on your credit report.
Whether you have excellent credit or bad credit, Comenity Bank offers a card that will meet your needs. You will find the perfect card by working with more than 135 merchants.
SoFi
You've found the right place if you have excellent credit and want to get a SoFi card. This credit card is accessible at many merchants and does not require pre-qualification. Your credit score could play a part in your eligibility. Although you may be able to apply with a lower credit score if there is a low income, a higher score can help increase your chances for approval.
Another advantage of the SoFi credit cards is that you can earn points for purchases. For every dollar spent on purchases, you earn two points. These points can be lost if you cancel or break the terms. If you make your minimum monthly payments, you can get a reduced interest rate after 12 months.
The SoFi credit card also offers the ability to redeem your rewards for cash. Reward points can also be used for investing, budgeting, travel and other purposes. You can also redeem rewards for SoFi Savings and Checking accounts.