Instant credit is short for instant credit card which is an online credit card which provides instant approval to certain qualified applicants who apply via the internet and can only be utilized to make online purchases within a short period of time, just before the card reaches in the mail. But instant credit does not necessarily mean instant cash, as it’s a fairly broad term. There are various forms of instant credit cards which you can use. Some are more convenient and easier than others. Some offer a greater reward or APR than others do.
One of the better types of instant credit card is the zero percent APR card which means that once you make your online purchase, there is no annual fee. However, this type of instant approval credit card comes with an annual fee. In other words, the zero percent APR might seem like a good deal at first, but when you add an annual fee to it, the total cost can prove to be a bit burdensome. So, do not fall for these kinds of offers. They are usually not a very good deal.
Credit card issuers are getting quite a lot of flack lately because of the economy. Many people cannot pay their bills on time because of the recession and job losses. This is where the issuers are being generous. The best part is that they are offering instant credit cards to consumers. These instant approval credit cards can give you instant credit card approval and thus make it possible for you to start making purchases right away.
Instant approval credit cards are good for both business and consumer use. If you are in a business then instant approval credit cards can provide cash back rewards, giving you even more incentive to pay your bills on time. It also allows you to use the cash back feature for expenditures that you have already paid for, thereby providing you more flexibility. If you are using your card for personal use, then the cash back feature can provide incentives to buy things. One such incentive is for buying a camera.
Instant approval credit cards can also come in the form of store cards, travel rewards, department store cards and gas station cards. A number of banks and lenders offer these cards, giving you the opportunity to purchase the items on which you wish to have cash rewards. You should keep in mind however that each bank and each lender has its own rules and regulations regarding these types of credit cards. Before applying for an instant credit card, you should therefore check with your local bank to find out their requirements for instant approval credit cards.
Aside from these cards, American Express also offers instant approval for their membership cards. With the American Express Platinum Card, you will be able to earn five to twenty percent points at many retail stores and restaurants in your frequent vicinity. The card can also be used at millions of USAA branches and at American Express Outlet stores, including Sears, Target, Wal-Mart and K-Mart. With the Discover Card, you get double points on every dollar you charge and earn one point for every dollar you receive. All of these issuers and partners have earned millions of dollars in business over the past few years and are now turning to consumers to help them grow their businesses even further.
With all these benefits, it is easy to see why American Express, Discover and American Express are among the most popular credit cards in the market today. However, like with any other credit card, it is important that you make a careful consideration before applying for an instant credit card from any company. For instance, one of the most important factors that you should consider is the company’s customer service. If a company has a poor customer support record, I would not recommend using their credit cards.
If you are applying for a new credit card and want to get instant credit card approval, you should know how much you can pay back each month. If you are unable to pay the full amount back on time, you can actually affect your credit score by being late on your payments. If you want a no hassle way to get instant approval, you should apply for a no fee low interest new credit card. These cards have zero interest when you pay the balance in full and are also known as balance transfer cards.