If you need a credit card quickly, instant approval credit cards may be the answer for you
. You can be approved within minutes following your online application. You should always check the terms and conditions on such cards before you apply, so you won't be unpleasantly surprised by unexpected fees and charges.
If you have good credit, you may be approved for a card with a decent interest rate and no annual fee. You will need to know what your credit score is before applying. Your new credit card will come to you in the mail in seven to ten business days.
For applicants with a credit score that is challenged, the rates and fees on the card that is approved can be quite high. Instead of getting a quick card with a low interest rate, you get the approval quickly, but the interest rate and fees are much higher than you expected. Look for such charges as overlimit fees and higher interest rates after a very short preliminary period. Always be aware of the charges applied to the card before you apply.
Getting one of these credit cards is relatively simple. Don't randomly apply for several of the cards, just because you can. Too much debt or too much credit can lower your good credit score to one that is disastrous. Even applying for cards can cause your credit score to drop. Manage your credit cards and apply only for the cards that give you the best terms.
The better Business Bureau and similar agencies can provide plenty of information about credit card issuers. You should ask for information about the card issuer to see how they have handled customer complains in the past. Not every complaint from a card user will be resolved in favor of the customer, but every legitimate complaint should be investigated in a professional manner.
The interest rates on some cards are projected to increase to the thirty or forty percent area. You should avoid such cards because of the poor bargain they represent for you. Read the fine print and understand what types of fees and charges can be attached to a easily obtained credit card.
Instant approval credit cards should be part of a managed credit plan. Use your credit cards to take care of a real emergency. Otherwise, you should strive to pay expenses without resorting to high-priced credit.