Instant approval, sound s nice, doesn’t it? It seems so promising especially to those who are in dire need of a credit card and to those who are applying for their first credit cards. This is because there are a lot of people who are very anxious when it comes to credit card applications. Some of them fear the thought of being rejected. This may reflect on their credit reports which can make it worse if they were bad, to begin with.
But with the emergence of credit card websites, instant credit card approval has become a reality. Online credit card application has already been happening in the past few years, but with the materialization of better software, better technology and automation, instant approval has also become a great convenience.
But instant approval doesn’t mean that you can use the card immediately after being approved. It’s only the approval that comes instantly. What this means is that after you have submitted the details and information the credit card company requires, they will be able to process your application immediately and approve it if it meets their requirements. You will receive information about your approval but the actual card will be sent out to you. You will then have to activate it upon receiving it.
The great thing about it is that you don’t have to wait and be moping about just wondering if you get approved. Your patience won’t be stretched to its limits and the only waiting you need to do is for the arrival of the actual card.
Saying that this is a great convenience is an understatement, especially if you can remember how the traditional process works. Remember how you are supposed to send out your application through snail mail. Then they would process the application for weeks. Then they would send out the approval and the card to you through snail mail again. It could take more than a month. That is an aggravation you never have to go through ever again.
Plus, there are also a great number of benefits that you can get when you file your application online. You will be able to compare all the companies and the types of credit cards that they are offering. You can choose which one would be perfectly suitable for your financial situation. Plus, you may also be getting a lot of deals which can save you money in the long run.
But before we get all hyped up with words like “instant” and “approval” or “within minutes,” we must understand that this convenience has its limitations. Unfortunately, not all people are good candidates for such an offer. Credit card applications that come with instant approval are designed for those who have good or impeccable credit ratings.
But, if you try hard enough, you may be able to find a credit card company that may be all too willing to provide such an offer even if you don’t have a credit rating yet, or you have a little blemish on your credit score. Thanks to the great competitiveness happening between these companies, they want to get as many clients as they can.
So take the time to do your research, you may be able to get instant approval.