Finance Classic - Financial News

When you are applying for a credit card online, there are different websites that will tell you instantly whether you qualify for their credit card or not. When you are filling up their application form on the website, they are asking you to furnish some important information based on your credit history. You don’t have to wait for a long time after the information is submitted online. You will come to know in few seconds whether you have been approved or not. When you are applying for a credit card instant approval, make sure that you have your exact financial picture so that you get the best results in your favor.

Individuals with excellent credit history have a higher chance of getting approved instantly than those who have a good or even fair credit history. After you submitted the application form for the credit card offers instant approval, if you have not received an instant approval in few seconds, then chances that you may have to wait for 30 days to see if there is any chance left to get approved. Your credit history may not have been the way it was expected to be in their system. The credit card provider will review your credit information manually and see if your credit is good enough to offer you new credit or you seem to be a potential risk to their finance.

Generally, the credit card company will notify you by email within 5-7 business days that your credit history isn’t good enough to be approved.

If you were not approved instantly with one credit card company, you can’t be kept waiting by that credit issuer for the next five to ten business days and then apply with another company to see if you can qualify with them. The best way is to fill up the online application form on multiple websites and try your eligibility. Google the keyword “credit card offers instant approval” and you will get number of websites with the instant approval software.

If you have been turned down by Citibank, it does not mean that you will not qualify with Chase or American Express. Your credit history is definitely the key factor in getting approved instantly, but each credit card company has their own rules and policies of approving the application forms.

However, be aware that when you are applying for new credit with different credit card companies, they are reporting a soft inquiry on your credit report. Too many negative inquiries on your credit report will be bad because your future lenders will assume that you are not a good customer to extend new credit and that’s why you have been refused by the previous credit card companies.