When you apply for a physical credit card, you can typically use it 15 days after approval. You don’t have to wait that long, though, if you have an instant credit card. Instant approval of credit card and use of your credit card are both possible. People who require immediate credit access can significantly benefit from instant credit cards.
An instant credit card is similar to a virtual credit card; the only difference is that you will receive a credit card immediately after being approved for one. Virtual credit cards, on the other hand, may take some time to support in some cases. So, with an instant credit card, you can apply, be approved, and start using it within minutes or the same day.
What is an Instant Credit Card?
If you’re wondering how to get a credit card quickly and easily, a virtual credit card can be a great option. It functions similarly to an instant credit card, and many credit card companies assign a number that can be used immediately upon approval. When you apply for an instant credit card and are approved, you will be given a number that you can use for online transactions. You can also add your instant credit card number to digital wallets such as Google Pay, Samsung Pay, and others.
With instant credit cards, you can get approved and start using your credit immediately. However, you will receive your credit card via email within 10-15 working days of being approved. Overall, if you’re looking for a quick and easy way to get a credit card, an instant or virtual credit card may be just what you need.
Criteria for eligibility
To know how to get a credit card, you must usually meet the following requirements:
- Be 18 years old or over
- Indian citizen
- Permanent resident
- Minimum income requirements specified,
- A good credit history.
Choosing a Credit Card with Instant Approval
It is not always possible to predict whether a particular card will provide you with instant approval. Some card companies advertise that they provide instant credit card numbers to qualified cardholders.
That being said, receiving instant approval (and an instant credit card number) is dependent on the information on your credit report as well as the card issuer’s credit card requirements. To put it another way, instant credit card approval and use cannot be guaranteed.
Instant Credit Card Features and Benefits
Unlike virtual credit cards, instant credit cards provide numerous advantages to their users. Some of the most important features and benefits of instant credit cards are:
- Special Offers/Discounts
Some brands or credit card providers provide special discounts to instant credit cardholders. You can also take advantage of exclusive credit card deals available only to instant credit cardholders.
There is no physical form of an instant approval credit card, and all of the important details, such as CVV, card number, expiration date, and more, are available online, which you can easily access via a mobile phone. As a result, you can easily access all relevant information online.
- Earn Rewards
When compared to physical credit cards, instant credit cards allow you to earn reward points more quickly. You can earn reward points from the first purchase using the credit card number provided to you even before receiving your credit card via email.
Credit Cards with Instant Approval Alternatives
One alternative to an instant approval credit card is to simply apply for the best credit card for you, regardless of whether you are approved immediately. You should also consider virtual credit cards, which provide you with a temporary, randomly generated credit card number that is linked to your actual credit card account.
If you require quick funding, there are other options to consider. Some online lenders provide funding on the same day that you apply for and are approved for a loan. You could also consider using your emergency fund, which you can replenish once you’ve met your immediate cash needs.
When you apply for an instant approval credit card, the credit card company may approve you right away. In other cases, they may require more time to decide whether to approve or reject your application. If you are instantly approved, you may also have immediate access to your credit card number and other credit card information. If you have an immediate need to make a large purchase and want to use a new credit card, instant approval credit cards can be useful.
However, in most cases, it is more important to know how to get a credit card that is the best fit for you rather than looking for an instant approval credit card. Instead, each credit card has its own set of approval criteria. It is critical to choose a credit card that is compatible with your credit profile.