Instant approval Credit Cards
When you apply for a physical credit card, you can normally receive your credit card within 15 days after getting approved for it. But with an instant credit card, you don’t have to wait that long. You can get approved and start using your credit card instantly. Instant credit cards are a great benefit for people who need to access credit instantly. Keep reading to know how these credit cards work.
An instant credit card is just like a virtual credit card; the only difference is you will get a credit card instantly right after getting approved for the same. Whereas, in some cases, virtual credit cards may take time for approval. So, with an instant credit card, you can apply, get approved and start using your credit card within minutes or the same day.
An instant credit card works similarly to a virtual credit card. Most of the credit card providers issue a number to an instant credit card. When you apply for an instant credit card and get approved, that number is given to you which you can use for online transactions. Additionally, you can also add your instant credit card number to digital wallets like Google Pay, Samsung Pay and more. With instant credit cards, you can get approved and start using your credit instantly. However, you will also receive your credit card on the email within 10-15 working days after getting approved for it.
Unlike virtual credit cards, instant credit cards also offer loads of benefits to their users. Some of the important features and benefits of instant credit cards are as follows:
Special Discount/ Deals: Some of the brands or credit card providers offer special discounts to instant credit cardholders. You can also access some of the exclusive deals offered by the credit card providers only for instant credit cardholders.
Convenience: Instant credit card has no physical form and all the important details, including CVV, card number, expiration date and more are available online which you easily access through a mobile phone. Hence, you can conveniently access all the relevant information online.
Earn Rewards: With instant credit cards, you can earn reward points sooner as compared to physical credit cards. Even before receiving your credit card in email, you can earn reward points from the first purchase through the credit card number provided to you.
Q. How can I apply for an instant credit card?
A. You can apply for an instant credit card through the credit card provider website. Many credit card issuers allow you to apply online through their website.
Q. What limit do I get for an instant credit card?
A. The limit for an instant credit card varies from provider to provider. The limit will be decided by the credit card provider as per the applicant’s eligibility and income.
Q. Can I get a secured instant credit card?
A. Yes, some of the credit card providers offer secured instant credit cards. You can use them normally just like any other instant credit card, the only difference is that they are offered against a fixed deposit.
Q. Do I receive an instant credit card on email?
A. Yes, even after providing the credit card number, you will receive a credit card on your email within 10-15 working days after getting approved.
Q. Does instant credit card charge annual fees?
A. Yes, the annual fee charged for your instant credit card depends on your credit card provider. However, some of the credit card providers also offer instant credit cards without any annual fees.