The term "instant approval" is one of the most misused descriptors associated with credit cards, largely due to the varying definitions among credit card issuers. Some banks will allow for an instant credit decision, others will make a decision on the same day; still others may approve the issue of a card relatively quickly but will not permit immediate access to the resulting credit line. These policies will vary from bank to bank, so if you are looking for an instant approval credit card you need to be mindful of how quickly you make use of your newfound credit - each card will specify its terms of issue in the agreement found on the credit card's review page. |