Instant Decision on Application Credit Cards

Rates and Fees verified correct on March 26th, 2015

Applying for an Instant Decision on Application Credit Card

A lot of people searching for a new credit card will happen to come across cards advertised online which are called “instant decision on application”, “instant approval on application” or some variation of this. With competition intense in the credit card field these days, many credit card companies are offering this service as a way of grabbing you as a potential new cardholder. Compare some of the leading instant approval credit cards.

Whether you are looking to get your first card, applying for an additional card, or replacing an existing one, and whether you have no credit history, a good credit history, or even a bad one, there are several important considerations for you to take into account before you plunge on in and apply to various card issuers.

How is it instant?

First of all, despite what you may perceive as “getting a credit card instantly or immediately” from the description of the card, in truth the reality of these cards is that the credit card issuer will do an electronic verification of your credit file, based on the personal information you provide, and generate an “acceptable” or “not-acceptable” status to your application.

ANZ Low Rate

Get a response to your credit card application within 60 seconds

If you are looking to apply online for a credit card, and get a response fast, the ANZ Low Rate credit card can give you a response letting you know whether or not your application was successful, in 60 seconds or less after submitting your online application.

  • $58 p.a. annual fee
  • 13.49% p.a. on purchases
  • 0% p.a. for 16 months with 2% balance transfer fee on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $15,000 p.a.

The process is “instant” in that it takes into account only the time for the card company or bank to access your credit file with the credit reporting bureau, and apply the data on file concerning your credit history against the requirements of its issuing policy, to arrive at a decision.

“Instant approval” is not as accurate a description as “Instant decision on application”, as the former implies that you will be accepted instantly, that is, your application for credit is all but assured. This is hardly the case.

Something very important to remember – even if the card is approved, you will not be issued with a card instantly. You’ll be required to bring in your identification documents to validate your application to a branch office. Cards then have to be physically delivered to you – typically by mail.

So in truth the only thing “instant” about these cards is that you can apply online, generally much more quickly than if you filled out a credit card application at a bank or merchant issuer and had it submitted for processing. Still, it saves a good chunk of time that would otherwise be spent sending in an application to a company to be keyed in to their system.

How likely is my application to be approved?

If your credit history is good and your application fits the into the acceptable range as determined by the card issuer, you would probably get an approval within several minutes.

Possible answers other than approved

If any of your personal data doesn’t fall within the range of requirements, you might be sorely disappointed to have three possible outcomes other than “approved!” You might get a “more information is required” answer with either a stipulated amount of days for the company to further investigate, or “more information is required, please contact us” type of reply. Or, if your application is really outside of the issuer’s minimum range, an outright refusal.

Why you should never apply to several cards in short order

You should never apply to multiple cards at the same time, in the hopes of one issuer will be happy to take you, or to try to secure more credit. Every time a credit provider makes an inquiry on your credit history at the credit reporting bureau, it goes on record on your file. If anyone denies you credit, that will affect your credit history and make it harder for you to get more credit in the future. Trying to get too much credit all at once can also negatively affect your credit score as well.

Getting it all together before you jump in

It pays to do your research ahead of time, so you are prepared with the required information before starting the application process.

Shop around and figure out which card or cards you want to apply for. Check out all the card details for each one, and ensure that you meet the minimum qualifications. New legislation aims to ensure that key features be clearly identified on application forms, but you should take care to read all the small print!

Some Gold or Platinum cards have set salary requirements, so if you apply without meeting them, you will probably be rejected even with a good credit history, which is ironically bad for your credit record!

Have all the required documents and information at hand before you start the process, so you complete your application without timing out of the issuing company’s website. It is a good idea to write down or print out your application user profile name and password, if the website requires one, for future use, or print out the application you are making, so you have a record of which issuers you have applied for a card from.

With a bit of research into the card you should apply for, and proper gathering of all your pertinent personal data, you should be able to apply and get an answer fairly quickly.

Was this content helpful to you? No  Yes

This page was last modified on 22 July 2014 at 20:47.

Ask a Question

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Related Posts

Credit Cards Comparison

Rates last updated March 26th, 2015
Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
St.George Vertigo Visa
St.George Vertigo Visa
A low annual fee and low interest rate offer on balance transfers. 0% p.a. for 3 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. 21.49% p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 0% p.a. for 3 months (reverts to 13.49% p.a.) 0% p.a. for 16 months $59 p.a. 21.49% p.a. Go to site More info
Citi Simplicity Card
Citi Simplicity Card
$0 annual fee credit card with a long term balance transfer offer. 19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 10,000 Velocity Points when you spend $5,000 or more in first 3 months. 0% p.a. for 16 months on balance transfers. 20.74% p.a. 0% p.a. for 16 months $129 p.a. 20.99% p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
Receive 7500 Qantas Points and pay no annual fee ever. Plus earn 1 Qantas Point per $1 spent on all your everyday purchases. 20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question