Whether you need instant credit to pay an unexpected expense or invest in a new car, credit cards are often seen as the best way to get your hands on the little bit extra we all sometimes need. Provided you have a suitable repayment plan in place and that you ensure that you can afford to pay at least the very minimum payment each month then credit cards can be a valuable tool in the arsenal of the modern day consumer.
There are cards out there designed for people with all sorts of credit histories, but be wary of huge APR rates once the introductory period is over; making an instant credit card application may be super fast, but the time it takes you to pay back your loan may not be. Make sure you have all the details in front of you before you sign up. Knowing your way around all of the terms and conditions of any card before making an instant credit card application is the most important thing to keep in mind when looking to apply; after all why sign up for a card affiliated with air miles when you don’t fly regularly? No one likes to make mistakes, especially if they lead to unwanted fees or charges!
Instant decision credit applications differ form other credit card applications. The most obvious difference being that, once an online application is completed, approval is given immediately, or in a matter of minutes. Other credit cards usually have a longer waiting period. Often forms will be sent through the post, which then need to be signed and returned. This is usually followed by a waiting period during which a decision is made. Instant decisions credit applications bypass the need for hard copy forms and make a decision seconds after the card is applied for.
Once you have decided which card and company is right for you, visit the website where you will be directed to the application page. You will need to provide details of your addresses, employment and age in order to complete the form as well as any information you can provide about your income. Some credit card checks are no longer based on good credit histories but simply check that you are who you say you are – so whether you have a bad or no credit history you should still be able to get a decision quickly online.
However, on the whole, making instant decision credit applications are the same as any other credit application. You will be required to fill out an online application. On the form you will need to provide various personal details such as: your name, address and date of birth; previous addresses; details of your income; and so on. Some companies will also ask for details such as your social security number, or the number on your driving license. All of these details will then be used to identify that you are who you say you are.
If you are refused an application however, you are entitled to see what current details the credit checker holds on you and to view your credit rating. This information is available for free online should you wish to access it before or after your application. Simply type in ‘credit check sites’ to any search engine and you will be able to access your file.