Limitations of Instant Approval Credit Cards

Last modified: September 16, 2011

Instant Approval Credit Card Limitations

There are certain limitations for instant approval credit cards, most notably, not everyone can get an instant credit card approval. A good  ( and in some cases excellent) credit history is generally required. They are generally considered to be preferred customers for both instant approval and traditional credit cards.

       
  Virgin Flyer
Purchases : 20.99% p.a.
Balance Transfer: 1.9% 9mths
Annual Fee: $99
Interest Free Days: Up to 44
Cash Advance : 20.99% p.a.
More Info
instant approval credit cards  
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Can I Use An Instant Approval Credit Card Instantly?

Another limitation of the instant approval credit card is that while the application and approval process in most cases is fast and easy and can be done entirely online, the card needs to created with your name, the individual credit card number, expiry date etc and will need to be mailed or picked up from a branch, thus in most cases making the access to credit faster than traditional applications but by no means instant.

       
  ANZ First
Purchases : 0% for 3 mths (Offer ends 13.03.12) then 19.24%p.a.
Balance Transfer: 0% for 3mths
Annual Fee:$30
Interest Free Days: Up to 44
Cash Advance : 20.99% p.a.
More Info
instant credit cards  
    ANZ First Apply Now  
       

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