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AN instant decision is simply a decision – given instantly – on an online credit card application.
What an instant decision credit card offers however, is faster application times, less waiting around, and knowing where you stand within minutes, instead of days - or worse - weeks later.
Instant decision credit cards
In the past applying for a credit card often meant having to wait for long periods of time just to get a decision on your application and then having to wait again for your card to come through if you were successful.
However, these days, aided by the power of the Internet, it is possible to get an instant decision on your credit card application, saving you time, hassle, and worry.
Online credit card applications will often tell you before you start whether or not you'll receive an instant decision.
Depending on your credit history and credit score you may be approved straightaway, your application may be referred or you may be declined. A referred application means the credit card issuer will look at your application in more detail to decide whether they will approve it or not.
If you are declined, it's worth waiting for at least 3 months before you apply for another credit card. It may be worth opting for a bad credit rating credit card instead - or checking your credit report online if you are unsure why your application was turned down.
Comparing instant decision credit cards
You can compare instant decision credit cards available here. However, simply choosing a credit card for a fast application may not be the wisest move.
Instead, decide what you want from a credit card, be it a 0% balance transfer, 0% purchase deal, rewards or to rebuild a poor credit history.
Once you know what you want from a credit card, you should compare the credit card offers available - if two cards offer the same rates and / or incentives - opting for the one with an instant decision could be a good deciding point.
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Please note any answer or reply we send you or publish on our website is based on general factual research and does not in any way constitute financial, investment, tax or other advice. Any response we give is intended to provide general information only and does not attempt to give advice that relates to your specific circumstances. You are advised to discuss any specific queries or concerns with your bank, an advisory body or a financial advisor. You are also advised to conduct your own research before acting or not-acting on any issues raised.
If you are worried about debt or are experiencing any financial difficulties please contact the CCCS or National Debtline who will be able to offer free and impartial advice. You can also access free rights advice through Adviceguide from Citizens Advice Bureau. We are not in any way connected to the CCCS, National Debtline or Citizens Advice Bureau.
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