Instant Approval Credit Cards
Do you need a credit card right now and are tired of waiting around for an approval? If so, you need to consider an instant approval credit card and all that they have to offer. The name says everything: with these credit cards you are either preliminarily approved or denied within 60 seconds. There is no long waiting period. Apply online to get a decision instantly, and begin using your card as soon as it arrives in the mail.
| credit card details | purchase rate (p.a.) | balance transfer (p.a.) | balance transfer period | annual fee | online application |
|---|
| credit card details | purchase rate (p.a.) | balance transfer (p.a.) | balance transfer period | annual fee | online application | |
|---|---|---|---|---|---|---|
|
Westpac Low Rate Credit Card Balance transfer onto a low interest credit card. Fast 60 second approval. |
0% for 6 months (reverts to 13.49%) |
0% | 6 months | $45 | top choiceApplication |
|
ANZ Platinum Credit Card Platinum level features with an excellent offer on balance transfers & purcahses. |
0% for 6 months (reverts to 19.24%) |
0% | 6 months | $0 | editor's choiceApplication |
|
St.George Vertigo MasterCard Low interest rate spending, low balance transfer rate, cheap annual fee. |
13.24% | 0.99% | 12 months | $55 | editor's choiceApplication |
|
NAB Low Rate Visa Credit Card Low rates on purchases & balance transfers. Fast 60 second approval. |
2.99% for 12 months (reverts to 13.24%) |
4.99% | 6 months | $59 | editor's choiceApplication |
|
ANZ First Visa Credit Card Specifically designed for first time applicants. Low credit limit. Ideal for students. |
0% for 3 months (reverts to 19.24%) |
0% | 3 months | $0 | |
|
ANZ Frequent Flyer Credit Card Earn uncapped Qantas Frequent Flyer points. $1 = 1 QFF point earn rate. Low annual fee. |
19.74% | - | - | $95 | |
|
ANZ Low Rate MasterCard Cheap credit card. Save money with the balance transfer & purchases offer. 60 Second decision. |
0% for 3 months (reverts to 13.24%) |
0% | 3 months | $58 | |
|
Aussie MasterCard Very cheap balance transfer rate and purchase rate. Apply for approval within 60 seconds. |
9.99% for 12 months (reverts to 13.29%) |
2.99% | 12 months | $49 | |
|
BankSA Vertigo Credit Card Cheap low interest credit card for residents living in South Australia. |
13.24% | 0.99% | 12 months | $55 | |
|
BP-Citibank Credit Card Low 0% balance rates for 6 months! And 10% cash back on petrol at BP. |
20.89% | 0% | 6 months | $89 | |
|
NAB Low Fee Credit Card Low balance transfer rate for 6 months. Fast 60 second approval. |
19.74% | 1.00% | 6 months | $30 | |
|
Westpac Earth Credit Card Cheap balance transfer and Qantas rewards. Fast 60 second approval. |
19.99% | 0.99% | 6 months | $75 | |
|
ANZ Platinum Frequent Flyer Credit Card Earn uncapped QFF points at the higher earn rate of 1.5 QFF points per $1 spent. |
19.74% | - | - | $295 | |
|
ANZ Rewards Credit Card 5 star Canstar Cannex winner. Uncapped points earning. Get 2 ANZ Rewards points per $1. |
19.74% | - | - | $89 | |
|
ANZ Rewards Platinum Credit Card Earn uncapped ANZ Rewards points at the rate of 3 points per $1. Complimentary travel insurance. |
19.74% | - | - | $149 | |
How to Choose an Instant Approval Credit Card
It is one thing to say that you want an instant approval credit card. It is another thing entirely to find the one that is perfect for you and your financial situation.
Although this is the quickest way to get a new credit card, you don’t want to jump the gun and make a rash decision. Instead, compare all your options to learn more about the different deals including fees, interest rates, limits and much more.
As you compare instant approval credit cards and attempt to choose the right one, use these three tips.
- Is there an annual fee? – This is something that can be easily overlooked. While there are several instant approval credit cards that have no annual fee, ANZ offer instantly approved credit cards with no annual fee, other cards may carry a fee that can be quite substantial. If you are going to pay an annual fee make sure you are getting a high level of benefits in return.
- Search by interest rate – Those who tend to carry a balance from one month to the next do not want to choose a card with a high interest rate – this will cost you a lot in the long run. For many, this should be the deciding factor when making a final decision.
- Does it have a rewards program? – Some instant approval cards have a rewards program while others don’t. If you are going to use a credit card you might as well collect points for every dollar that you spend.
Pros
- No waiting period – Simply put, when you apply for an instant approval credit card online you are going to receive a decision on the spot, usually within one minute. Why wait several hours, days, or longer when you don’t have to?
- Many cards to consider, all with different eligibility requirements – Regardless of your credit score and income, you should be able to find at least one card that you qualify for.
- Above average rewards programs – Some people believe that the main benefit of these cards is the instant approval. While this is a huge advantage, don’t overlook the rewards program. For example, many cards over thousands of bonus reward points on your first spend.
Cons
- *An approval is not always an approval – You may receive an initial approval, just to find later that your application has been denied. If you don’t actually meet the requirements or you cannot provide evidence that backs up your application, the bank has the right to rescind their offer.
- Higher than average interest rate – Some credit cards, instant approval or not, have a higher interest rate than others. This may not affect you if you pay off your card in full every month. However, if you carry a balance this can lead to higher monthly minimum payments.