10 Instant Approval Credit Cards with Fees, APR, and Benefits In today’s fast-paced world, who has time to wait, and this equally applies to getting credit cards. Whether you wish to get a business credit card or a personal one, there are finance companies that tap into the applicant’s line of credit and give instant approval for a credit card.
Want to know more about instant approval credit cards? We have listed the 10 best credit cards that are efficient and have a guaranteed instant approval process. So read this till the end to pick the right one for you.
10 Best Instant Approval Credit Cards Remember that credit card guaranteed approval depends on the applicant’s credit history. So you must do your research to know what the card issuer is offering and if it aligns with your financial goals.
Here we have listed the instant approval credit cards that are best in the market with their features and pricing.
Milestone credit cards are among the best credit cards for those with no credit. It includes a variety of credit-building tools to help you shore up your credit score , as well as an excellent customer support team.
This one awards numerous reward points, which can be redeemed for cash, gift cards, and vouchers.
These are the features that the Milestone card offers:
Cardholders can earn cashback on every purchase. Reward points can be redeemed and have no expiration date. You can make payments ahead of time and even set up autopay for recurring deposits. It has a straightforward application and a Milestone card activation procedure. Regular payments can help you build a great CIBIL score. Pros Cons No security deposits are required. High APR. Build creditworthiness easily. High annual maintenance fees for the first year. Has MasterCard zero liability protection and cell phone protection. No welcome bonus. No expiry date for reward points.
APR: 35.90%Annual Charges: $175 first year, $49 thereafterRating: ⭐⭐⭐
Capital One Quicksilver is a popular cash-back card and one of the best credit cards for people with no credit. It has a guaranteed credit card approval process. Moreover, to begin using the new card, you must first deposit a refundable amount, just as you would with other secured cards.
These are the features of the Capital One Quicksilver Secured Card:
Fraud liability protection at zero cost. There are numerous reward programs and cash-back offers available for each purchase. Accounts are reviewed periodically to increase the limit. A pre-approval process with no background checks. A simple application and activation process. Pros Cons No annual charges. A minimum deposit of $200 is required. Offers good rewards. Very high APR. Increase in credit limit. Low credit limit initially.
APR: 30.74% variable Annual Fees: $0Rating: ⭐⭐⭐⭐
This one’s a rewards and cashback card that helps you earn high rewards on every purchase. It is a MasterCard network card that gives protection against travel accidents, misplaced luggage, and cellphone insurance.
Here are some major features of Citi Custom Cash Card :
You can get a 5% return on eligible spending categories. MasterCard insurance for unauthorized charges. Free concierge services. ThankYou points for purchases made on Amazon. Free one-month membership to Shoprunner. Discounts on Hertz and Sixt car rentals. Pros Cons No annual fee. The monthly spending limit is $500 for the bonus category. Cash backs up to 5%. Can get rewards for only one category at a time. Bonus rewards for the highest spending category. Charges fee for foreign transactions. 0% promotional APR for purchases and balance transfers for 15 months.
Regular APR : 19.24%-29.24%Annual Fees : $0Rating: ⭐⭐⭐⭐⭐
The issuer gives fast credit card approval and a chance to build a credit history for people starting with credit cards. This card has a simple reward program and unlike other cards, it does not ask for a FICO score check.
These are the extraordinary features of this instant credit card:
No complicated reward program. Provides tools to build a credit history for beginners. Simple dashboard to manage the activities. Does not require a hard credit pull for qualification. Pros Cons No credit history check. Charges annual maintenance fees. APR is low as compared to the competitors. Foreign transaction fee of 3%. No strict rule to having a bank account. Fast credit card approval process.
APR: n/aAnnual Charges: $35Rating: ⭐⭐⭐
With an instant credit card approval process, this Platinum MasterCard is one of the best instant access credit cards you can find on the market. It reports to major credit bureaus and helps build FICO scores. And the best part is that it does not charge any maintenance fees.
The features of Platinum MasterCard by Capital One are:
Fraud liability protection at $0. Reviews and automatically increases line of credit after 6 months. Instant credit card approval process. Tools to monitor your credit profile and free monthly report. Faster and more secure contactless transactions. Personalized payments and smart money management tools . Pros Cons Accepts people with average credit. High Annual Percentage Rate No annual fee. No rewards program. No foreign transaction fee. Gives instant approval for virtual credit cards.
APR: 30.74% Variable Annual Charges: $0Rating: ⭐⭐⭐
If you are someone who makes frequent transactions at grocery stores, online, and gas stations, the instant approval credit cards with instant use by Amex are the best for you. You can earn tons of rewards and cashback without having to pay any maintenance fee.
Let’s look at the features of this guaranteed approval credit card:
$200 cash back on spending $2000 within the first six months. 35 cash backs on spending $6000 in US supermarkets, online retailers, and gas stations. Reward Dollars on purchases that can be redeemed at Amazon.com or as a statement credit. $15 cashback every month upon purchasing the Home Chef Meal Kit monthly plan. $7 cashback per month upon spending $9.99 for Disney Bundle. Pros Cons No annual maintenance fees. Requires good to excellent CIBIL score to qualify. Give high reward rates. The spending limit on bonus rewards. Has an intro APR period. Several bonus categories.
APR: 19.24%-29.99%Annual Charges: $0Rating: ⭐⭐⭐⭐
This card is popular among travel credit cards. Plus, it offers high-value points and a big sign-up bonus. If you are looking for a guaranteed approval credit card that is best for travel, the Chase Sapphire Preferred card is your safest bet.
Some features you can get with the Chase card:
5X on travel purchases, 3X on dining, and 2X on other travel purchases. 60,000 bonus points upon spending $4000 within the first three months. 25% more value to the points when you redeem at hotels, car rentals, and airfare. Trip cancellation, misplaced luggage insurance, and Auto rental collision damage waiver. Complimentary access to DashPass that gives free delivery service. Complimentary concierge service. Pros Cons New cardholder bonus. Requires good to excellent credit score. Rental car coverage. Charges annual maintenance fee. High rewards redemption rate. Multiple transfer partners. Credit card easy approval procedure.
APR: 21.49%-28.49%Annual Charges: $95Rating: ⭐⭐⭐⭐
Also Read: Amex Concierge Vs Chase Concierge – Which is the Better Option?
This credit card is specially designed to offer cash rewards to the cardholders. It is one of the few cards that lets you pick your bonus category, which you can switch once per month. With multiple cash-back opportunities, this card helps you rake in plenty of earnings.
Some great features offered by Bank of America credit card are:
$200 cash rewards upon spending $1,000 within the first 90 days. 0% intro APR offer for 15 months. 3% cash back on the chosen category, including gas. 2% cash back at grocery stores and wholesale clubs. 1% return on all other purchases. Pros Cons You can swap between high-earning categories every month. Quarterly spending cap on rewards. Very high rewards redemption rate. Low welcome bonus. Intro APR of 0% for 15 months. Not best for travel purposes. No annual fee.
APR: 18.24%-28.24%Annual Charges: $0Rating: ⭐⭐⭐⭐
This card by US Bank is a secured card that gives endless earning potential on purchases. It does not charge any maintenance fee and offers convenient benefits. You can set up autopay and choose your payment date. Moreover, it also gives zero fraud liability protection.
Some significant features of this guaranteed approval credit card are:
Cashback of 5% on the first purchase of $2000. 2% cashback on eligible purchases in a category of your choice. 1% cash back on all other purchases made by the card. 5% cash back on prepaid hotel, car, and air reservations when booked through the Rewards Travel Center. Pros Cons No annual maintenance fee. Requires a security deposit, being a secured card. Introductory APR offers on balances and purchase transfers. High APR. High reward potential. Foreign transaction fee of 3%. Tons of benefits for cardholders.
APR: 29.99% (variable)Annual Charges: $0Rating: ⭐⭐⭐⭐⭐
Capital One Venture X Rewards Credit Card is an outstanding instant approval credit card. It is best for travelers who like to travel on a tighter budget. This is practically a no-brainer because of its affordable annual charges and multitude of benefits.
Here are the features of this card:
75,000 bonus miles upon spending $4,000 in purchases within the first three months. Earn $300 in credits every year for reservation bookings. Free entry to Capital One Lounges and partner network and up to two visitors allowed per visit. Access to both the lower-tier Lifestyle Collection and the higher-tier Capital One Premier Collection. Pros Cons Multiple bonus categories and rewards. A high credit score is needed to qualify. Adds value of $400 annually. High annual fee. $100 account credit for dining out, spa treatments, and other activities. Not many benefits for non-travelers.
APR: 19.99% to 29.99% (variable)Annual Charges: $395Rating: ⭐⭐⭐⭐
So these are the best instant approval credit cards that you will find in the market today. Please note that rates and fees may change, so it is best to refer to the official sites for pricing.
How to Get an Instant Approval on a Credit Card? There are certain prerequisites that you must meet to get instant approval on the credit card. Let’s discuss it here:
Good credit score: A good credit score is required to apply for an instant approval credit card. A score of 750 or higher is generally considered favorable. However, some issuers may provide cards to people with lower credit scores.Good income level: Credit card issuers typically set a minimum income threshold to determine your ability to repay debt. A consistent source of income increases your chances of receiving instant credit card online approval.Present Debts: Before applying for a new credit card, it is a good idea to pay off any current debts. This increases your chances of being eligible.Also, try to keep your credit utilization ratio low, as it will also increase your chances of getting credit card instant approval.
So this was all about the instant credit cards and how you can easily get them. We hope this article will help you pick the right one that fits your financial position.
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Frequently Asked Questions Ans: No, the qualification depends on the applicant’s eligibility and credit profile.
Ans: Yes, many retail cards do not have strict requirements, which makes them easier to qualify.
Ans: Instant credit cards have a fairly quick and easy approval process. Applicants can get approved within a few minutes and receive a card within a week.
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