There are a lot of different specific types of credit cards available. One of the most popular types (and popular for good reason) is the instant credit card. Instant credit cards are much like regular credit cards but have a few big differences.
The primary difference is that you can use them instantly after being approved. The approval process is also lightning quick. Most of the time an approval will come less than sixty seconds after you complete the standard online application. Only in rare cases does the approval process take longer than one minute. In these cases the issuers usually need a little more time in determining whether or not you are a good fit for their card.
After being approved for an instant credit card, you are sent a digital copy of the card. This card contains all of the information needed for making online purchases with your new credit card. Oftentimes, use of these digital instant credit cards is restricted to a few main websites. These are generally ones that are popular and reputable, like Amazon.com.
A couple of days later your actual plastic card will arrive in the mail. From this point on, you can use it like normal. You can use it at normal brick and mortar stores around town in addition to online.
The only real downside to an instant credit card is that it can be expensive. The interest rates on purchases are high compared to normal credit cards. Late penalties and fines are also higher than normal and can make a missed payment really hurt.
If youre still interested in an instant credit card, there are several great options to choose from. The top three of these are discussed in greater detail below.
First PREMIERÂ® Bank MasterCardÂ® Credit Card
The First PREMIERÂ® Bank MasterCardÂ® Credit Card is possibly the very best instant credit card available today. A small processing fee is required upon approval which opens you up to the instant use of $300. Better yet, if you pay your balance in full by the end of each month, you will pay no interest on your purchases. Use of the card is reported to the three major credit reporting bureaus and so using the card can improve your overall credit score.
Pink ACE Eliteâ„¢ VisaÂ® Prepaid Card
Offered by the official sponsor of the National Breast Cancer Foundation (NBCF), the
Pink ACE Eliteâ„¢ VisaÂ® Prepaid Card is another outstanding instant credit card. It is a very secure card and is backed by VisaÂ® Zero Liability. The application process is incredibly easy and the approval process is extremely quick. You can access your approved amount of credit almost immediately after being approved for the card. The instant card also allows you to check your balance and transactions on the go, via text, email, and the companys website, and it can help you get paid up to two days quicker than normal (with direct deposit paychecks and government benefits). Finally, and perhaps most impressively, a portion of all of your purchases with the card go towards the National Breast Cancer Foundations early detection screening program. Over $2 million has been donated to the organization since 2006.
First PREMIERÂ® Bank Gold Credit Card
The approval rate is very high with the First PREMIERÂ® Bank Gold Credit Card and almost always takes under a minute or two. In the rare chance that you are not approved right from the get go, you will receive a response and an explanation of what to do next. The only thing that you need to qualify is a checking account. After paying a meager processing fee, your available credit opens up to you and you are able to spend it freely. Many people consider this the perfect card for those with poor credit as its acceptance policy is lenient and because it reports to the three major credit reporting bureaus just make sure that all of your payments are made on time!
There is a good reason why instant credit cards have received so much attention in the past handful of years. Theyre simply a very smart and efficient payment card option, especially for those with poor credit. If youre looking for an instant credit card, then the three described above are the very first that you should apply for.
Sam Jones the author of this article was talking to his neighbour who was in financial difficulty and advised him of information available at http://www.uswitch.com/credit-cards/instant-decision-credit-cards/ regarding instant decision credit cards.
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