A lot of consumers who plan to get attracted to credit cards with instant approval. While the advertisements may say that you can get instantly approved, Cialis Jelly that does not necessary mean that you can receive and use your credit card on the same day. Nor does the term “instant approval” imply that anyone who applies will never get declined as the decision may depend on the applicant’s credit history.

While there are bad credit card that offer instant approval, some Issuers of these cards may strictly require good or excellent credit. In this article, let’s talk about the main points that you should learn about instant approval credit cards.

The Waiting Period
Application can be done online. You can read the Terms and Conditions and fill out the application form from issuer’s main website. Instant approval is given just a few minutes after submitting your application.

Nevertheless, once approved, you may have to wait for at least 4 to 5 banking days before it can be delivered via post mail. Upon receiving your card, you will have to confirm your identity by calling up your issuer.
You will be asked to provide some personal details that you also provided in your application, including the last four digits of your social security number. Upon verification, that’s the time you can start using your credit card for transactions.

How to Get An Approval
Getting approved will of course depend on the type of credit card you want. Generally, reward credit cards require applicants to Kamagra jelly have at least a good credit rating. If you have a low credit score, your application may get rejected.

On the other hand, if you apply for a bad credit credit card, you can expect to get an approval regardless of your credit score. However, take note that your FICO score will be a major factor with the rate of interest that you will be given.

Needless to say, applicants with the highest ratings can expect the lowest possible interest rates. For those with unfavourable rating, cialis dosage 20mg they can use it as a tool for rebuilding their credit history.

The Pros and Cons
When applying for an instant approval credit card, pay attention to what the fine print says. Some Issuers may offer exceptionally low introductory APRs yet these rates may change dramatically when the promotional rate expires. Hence, don’t just grab an opportunity to own a it without examining the advantages and the possible consequences it can bring you.

Before sending application, check your credit report from all the three major credit bureaus so you would know exactly where you stand.

In case you do get declined upon your first try, the next best thing to do is to check your report to find out the reason why you did not get approved. Avoid sending multiple applications to various card companies just to try your luck or to see which issuer will grant you approval as doing so can badly pull down your rating.

Author Bio: Elizabeth Roberts is a freelance writer and loan consultant. The website BadCreditResources.com offers resources that specialize in providing bad credit loans and credit cards for bad credit.

Category: Finance/Financial Planning
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