Know your credit score before applying to instant approval credit cards. Credit scores of 750 or more will get you approved to apply for almost any credit card. A credit score lower than 620 could lead to higher interest and a lower credit limit. If your credit score is low, you may want to consider a secured credit card, where you must place some type of collateral, such as a car, house, or other asset. If you default on payments, this collateral could be forfeited.
WalletHub's editors picked the best instant approval credit card cards
WalletHub editors compared more than 1000 credit card offers in order to identify the best credit cards that offer instant approval for people with good credit. The terms and conditions of each card were analyzed along with other factors such as annual fees and rewards programs. They've also grouped the cards by category to make it easier for you to make a decision.
Capital One Quicksilver secured cash rewards credit card will suit those with good to excellent credit. This card has no annual fee, but requires a refundable security deposit, which will lower the 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. You will be issued an instant card number once you have been approved. This approval process is not a science. Every issuer has different policies.
Comenity Bank
Comenity Bank offers many types of credit cards. They offer store credit cards as well as certificates of deposit and high interest savings accounts. Comenity Bank cards are a great way to improve your credit rating. They offer cards with low credit requirements that are linked to reward programs from different retail partners.
Online application is the best way to get Comenity Bank approval immediately. You can do this by navigating to their website and clicking on the card offer. This will enable you to apply online for a card, without having to enter your Social Security number. This will not cause a hard pull of your credit report. But, once you have been approved, your credit report will reflect the account.
Comenity Bank offers cards that are suitable for everyone, no matter what credit rating you have. It is easy to find the right card for you because Comenity Bank has partnered with over 135 retailers.
SoFi
You have come to the right spot if you are looking for a SoFi credit cards. The credit card can be used at many merchants without requiring pre-qualification. But your credit score can play a significant role in whether or not you are approved. A low credit score is acceptable if you have low income. However, a higher score will increase your chances of 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. You can cancel your account at any time or violate the terms to forfeit these points. You can receive a reduced APR if you pay all of your minimum payments within 12 months.
Another advantage of the SoFi Credit Card is that you have the option to cash out your rewards. Reward points can be used to fund your travel, investment, or budgeting. You can also redeem your rewards towards SoFi Savings or Checking accounts.