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Instant Approval Credit Cards
Those in the online community can order cars on the Internet, find a mate on the Web, and now, apply for instant approval credit cards as quick as a click of a mouse.
From department stores to more known types of credit holders, such as Visa and Master Card, hundreds of sites cater to providing a vehicle for online shopping with instant approval credit cards. Many sites are available that are solely dedicated to providing applications for a variety of cards and could have a credit-hunter busy for hours researching banks and lenders to pinpoint the perfect card. Instant approval credit cards provide the inquirer a same-day answer to their application, usually within minutes. Instant approval credit cards vary from “instant decision” in that an answer is available immediately, while instant decision card holders take about a week to comb through credit records and accounts to determine a yes or no answer. One step up from instant decision credit cards is that of instant approval, which not only provides the applicant with an approval or disapproval notice right away, but also gets the ball rolling on sending a temporary card. Many times, a temporary account number will be sent to the new user for an instantaneous go ahead for shopping or bill paying.
| Instant Approval Credit Cards |
| | Chase Platinum MasterCard |
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Intro APR - 0%
Intro Period - 12 Months
Regular APR - 13.74%
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| Chase Free Cash Rewards Visa Card |
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Intro APR - 0%
Intro Period - 12 Months
Regular APR - 13.74%
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| Chase Platinum Visa Card |
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Intro APR - 0%
Intro Period - 12 Months
Regular APR - 11.24%
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While applying for instant approval credit cards is an easy task, getting accepted as a cardholder requires a blemish-free record. Most times, instant approval credit cards require almost perfect credit. Any type of mortgage foreclosures, outstanding loans, or poor credit history could result in a decline for the card. With so many options available out there, individuals should do some research to find the perfect card to suit their financial needs. Consider interest rate charges or membership fees. Applying for maximum-limit, high-profile cards and getting accepted will be easier once a credit platform is established using low-limit cards. Keep in good standing by paying above the minimum balance each month.
The buy now-pay later phenomenon is a growing, popular trend, but the consequences of not fully handling the responsibility of a credit line can hurt for years to come. For example, a 19-year-old woman discovered that she could buy the latest clothing trends and brand names from department stores without the worry of shelling out money for up to 30 days. Being young and naive, these big chain stores drew the young woman like flies. Soon, the college student incurred about five or six department store cards, and wracked up several thousand dollars in debt. Life went on, and the debit was forgotten about. Now 22 and a newlywed, she was prepared to purchase a first home. It was the past credit history pertaining to those instant approval credit cards from the mall that stopped approval for her home loan. To correct her credit, she finally had to pay for those clothes, many of which were just worn a few times then tossed away. The lesson? It’s best to think of an instant approval credit card as a 30-day loan that could affect your credit rating. Unless a holder runs into a very forgiving lender (which is rare), a non-payment of a purchase could haunt the lines of credit for a long time to come.
If used correctly, instant approval credit cards can work for you, rather than against. Ritually paying above the minimum balance on statements and keeping the balance low is a good way to earn credit for the future. Additionally, instant approval credit cards can help pay for big purchases that otherwise would have been impossible to buy such as cars, vacations, and new wardrobes.
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