You need to know your credit score in order to apply for an instant-approval credit card. You will be approved for most cards if you have a credit score above 750. A credit score of 620 and below could result in lower credit limits and higher interest rates. 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. In default of your payments, the collateral can be taken away.
WalletHub's Editors Picks for the Best Instant Approval Credit 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. They reviewed the terms and conditions, along with other factors like annual fees, rewards programs, or approval requirements. To make it easier to choose, they have grouped the cards into categories.
Capital One Quicksilver Credit Card Secured Cash Rewards is the best choice for people with good credit. This card doesn't have an annual fee. However, it does require a refundable security deposits that will reduce the spending limit. Although it requires a security deposit, it offers good rewards and can be instantly approved online.
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. Once approved, you'll receive an instant card number. The approval process for these cards does not follow a scientific formula. Each issuer has its own policies.
Comenity Bank
Comenity Bank offers many 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. Many of their cards have low credit requirements and are tied to specific rewards programs from various retail partners.
Apply online to receive instant approval from Comenity Bank. 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 method will also not result in a hard pull on your credit report. You should keep in mind that once the account has been approved, it will appear on your credit report.
Comenity Bank offers cards that are suitable for everyone, no matter what credit rating you have. The bank is partnered with more than 135 retailers, making it easy to find a card that suits you.
SoFi
You have come to the right spot if you are looking for a SoFi credit cards. This credit card is accessible at many merchants and does not require pre-qualification. However, your credit score might play a role in your ability to qualify. You can apply with a low credit score if you have a low income, but a higher score can increase your approval chances.
The SoFi credit card also allows you to earn points on your purchases. You earn two points for every dollar you spend on purchases. If you cancel your account, or violate the terms, these points will be forfeited. If you make your minimum monthly payments, you can get a reduced interest rate after 12 months.
Another benefit of the SoFi credit card is that you can redeem your rewards for cash. Your rewards can be used in a number of ways, including for budgeting and investing as well as travel. Redeem your rewards to open Savings and SoFi checking accounts.