Your credit score is essential before you apply for an instant approval credit line. A credit score of 750 or higher will get you approved for almost any card. A credit score of 620 and below could result in lower credit limits and higher interest rates. Secured credit cards may be suitable for you if your credit score is not high enough. This collateral may be forfeited if you default on your payments.
WalletHub's editors picked the best instant approval credit card cards
WalletHub editors compared over 1000 credit card offers to help them find the best instant credit cards for those 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, they've grouped the cards according to category.
Capital One Quicksilver Cash Rewards Credit card is for you if you have excellent credit. The card does not have an annual fee but you will need to make a refundable security deposit. This will reduce your spending limit. The card does not require a security deposit and offers excellent rewards. It can be approved instantly online.
People with bad credit can also get instant approval credit card cards. These cards include a prequalification tool to determine your chances for approval. After approval, you will receive an instant number. Although these cards are approved quickly, it is not always easy. Every issuer will have different policies.
Comenity Bank
Comenity Bank offers many cards. Comenity Bank focuses mainly on store credit card, but they also offer certificates for deposit and high-yield saving accounts. Comenity Bank is a great choice if you want to improve credit. Many cards from Comenity Bank have low credit requirements, and they are linked to rewards programs through various retail partners.
One of the best ways to get instant approval from Comenity Bank is to apply online. Go to their website to view the offer and click on it. This will enable you to apply online for a card, without having to enter your Social Security number. The hard pull will not affect your credit score. Remember that once your application has been approved, the account will be visible on your credit report.
Comenity Bank offers cards that are suitable for everyone, no matter what credit rating you have. You will find the perfect card by working with more than 135 merchants.
SoFi
If you have good credit and are interested in getting a SoFi credit card, you've come to the right place. The credit card can be used at many merchants without requiring pre-qualification. However, your credit score may play a role in whether you qualify. A low credit score is acceptable if you have low income. However, a higher score will increase your chances of approval.
The SoFi credit card also allows you to earn points on your 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. If you make all minimum payments, you may be eligible for a lower APR after 12 month.
Another benefit of the SoFi credit card is that you can redeem your rewards for cash. Reward points can also be used for investing, budgeting, travel and other purposes. Redeem your rewards to open Savings and SoFi checking accounts.