To Get A Credit Card Applying Online Is The Best Way To Fast Approval

Credit Card Applying : We Take Instant Approval For Granted

Now a days we kind of take instant approval credit cards for granted. When we try for a credit card applying online is expected to be instant. And, in fact, nearly every card out there offers instant approval; it would actually be strange to find one that didn’t. I haven’t been instantly approved for every card that I’ve ever applied for but I always knew that it was at least a possibility with credit card applying online.

You won’t get any extra bonus points or help your credit score by gaining an instant approval but you do get some peace of mind. Instant decisions will really only tell you whether you’ve been approved, denied or your bank needs further information (pending). For most people, it’s the peace of mind that’s the nicest part about instant approval cards. But there are still some cards that try to take advantage of the term ‘instant approval’.

Cards to Watch Out For

Sure, you want to choose the best credit card company. But the truth is that most of the cards you see advertised on TV and radio offering instant approval are from big reputable banks. These are all reputable: Chase, Citi, Barclaycard, Capital One – these all have good reputations and are honest banks. But there is another class of instant approval cards that are often prepaid or have yearly or even monthly annual fees. These are cards that you need to watch out for since generally they are offered to people who don’t have the credit to get a more reputable card.

The main reason why these cards aren’t good for consumers is because they try to lure customers in with the benefits of instant approval but they aren’t really offering the benefits of a true rewards card. Instead, they are laden with fees and other charges that most customers might not even be aware of.

When Should You Pay A Fee To Use A Credit Card?

You might be wondering how you can tell the difference between a good annual fee and a bad annual fee and it’s actually a lot easier than you might think. Some instant approval cards charge you fees just to open the credit card and make normal purchase on it. They offer low to non-existent rewards programs and they are really just trying to take advantage of unsuspecting customers.

A good annual fee card will offer a wide variety of benefits that you won’t find with an entry level credit card. If you were to apply for an airline card with an annual fee, you should expect to also receive benefits like free checked bags, priority boarding, lounge access and maybe even no transaction fees. So make sure that you balance the fees offered by a card with the benefits in order to determine whether or not you’re getting a good deal.