Fast cards for a fast lifestyle
Modern lifestyles mean that people have become used to the 'Now' factor in their lives. Long working days and crowded, busy lives mean that credit card customers don't have the luxury of being able to spend hours filling out application forms, only to have to wait days or even weeks for a decision. Customers demand online forms, instant decisions and for the card to be with them in a matter of a few days. This is why 'instant approval' was introduced. With 145 million credit cards and debit cards in circulation in the UK, instant approval for future cards can be seen as a good thing, adding to our modern lifestyle.
Every aspect of instant approval credit cards is hidden within the confines of cyberspace, so here's how it works. Instant approval credit cards cover cards that you can apply for online, over the telephone or in person and receive a decision there and then. Internet card use has quadrupled in the last five years and nowadays even credit card applications can be made online, making a decision even faster. Many card companies advertise a wait of only 60 seconds for a decision on your application, but some may be considerably longer.
With an instant approval credit card you can apply for the card and be accepted in seconds. However, don't let that phrase fool you. Just because a card is advertised as an 'Instant Approval' card, does not necessarily mean that you will be approved. Perhaps a more accurate term would be an 'Instant Decision' card. Although you can get instant approval over the phone and in person at a branch, applying online can be even quicker. It's a simple process of visiting the card provider's website, filling out a form and hitting the 'apply' button. After a few moments you will find out whether you have been accepted for the card. Some companies are now offering 60 second instant approval, which is going to be pretty hard to beat.
A lot can happen in 60 seconds. The bank's computer checks the form and compares it with your credit report. Your credit report is held by one of the major credit referencing agencies and has details of your credit history. Your report also contains more mundane information such as your name and address. All of this information is compared to the information you have provided on your online application form.
If all goes well, and your credit rating is good, you should then receive your card in a matter of days. However, other companies may have further checks on some or all applications, depending on how strict their criteria are for acceptance. With the current economic climate, companies are becoming more cautious, even on instant decision cards. Some companies take a couple of days checking through applications and make more queries with the credit referencing agencies. Other companies may even spend another couple of weeks before giving you a final, definite decision.
Instant approval credit cards can be applied for in moments and you can have your initial decision within seconds. In the fast moving, electronic age, these are the ideal types of cards to have alongside our other instant gratification technology. With the advent of faster Internet connections and home banking facilities, all steps in the credit card application process can be performed from a computer well away from queues and lengthy form filling. Simply look up the card you want on a price comparison site, fill out an online form and that's it, your card could be with you in days.
Every aspect of instant approval credit cards is hidden within the confines of cyberspace, so here's how it works. Instant approval credit cards cover cards that you can apply for online, over the telephone or in person and receive a decision there and then. Internet card use has quadrupled in the last five years and nowadays even credit card applications can be made online, making a decision even faster. Many card companies advertise a wait of only 60 seconds for a decision on your application, but some may be considerably longer.
With an instant approval credit card you can apply for the card and be accepted in seconds. However, don't let that phrase fool you. Just because a card is advertised as an 'Instant Approval' card, does not necessarily mean that you will be approved. Perhaps a more accurate term would be an 'Instant Decision' card. Although you can get instant approval over the phone and in person at a branch, applying online can be even quicker. It's a simple process of visiting the card provider's website, filling out a form and hitting the 'apply' button. After a few moments you will find out whether you have been accepted for the card. Some companies are now offering 60 second instant approval, which is going to be pretty hard to beat.
A lot can happen in 60 seconds. The bank's computer checks the form and compares it with your credit report. Your credit report is held by one of the major credit referencing agencies and has details of your credit history. Your report also contains more mundane information such as your name and address. All of this information is compared to the information you have provided on your online application form.
If all goes well, and your credit rating is good, you should then receive your card in a matter of days. However, other companies may have further checks on some or all applications, depending on how strict their criteria are for acceptance. With the current economic climate, companies are becoming more cautious, even on instant decision cards. Some companies take a couple of days checking through applications and make more queries with the credit referencing agencies. Other companies may even spend another couple of weeks before giving you a final, definite decision.
Instant approval credit cards can be applied for in moments and you can have your initial decision within seconds. In the fast moving, electronic age, these are the ideal types of cards to have alongside our other instant gratification technology. With the advent of faster Internet connections and home banking facilities, all steps in the credit card application process can be performed from a computer well away from queues and lengthy form filling. Simply look up the card you want on a price comparison site, fill out an online form and that's it, your card could be with you in days.
About the Author:
Rebecca Gold has many years experience in the financial sector, she now writes for various popular websites. Read more about the Instant approval credit card and the Credit card application here.
posted by Credit Counseling at
12:48 AM
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