Instant Credit Card Application

What is an instant credit card application, how long does it take what should consumers know about getting a quick credit card?

With the advancement in technology and online services banks and financial institution are now able to give super fast lending approvals online. Processing an online card application can take 24 to 28 hours and banks will also send a paper copy of your application to your home address. However approval can be quick you still have to wait for the physical card to arrive before you can use it, and that is if you are approved.

What are the standard guide lines for instant card application approval?

• You must be 18 years or over (legal adult in Australia)
• meet or supersede a bank or financial institutions credit rating requirements
• proved your gross annual income
• employee details
• home address
• other bank accounts
• Asset or investments held by you
• 100 points of identification e.g. a licence or passport and sometime bills to your address with your name

Each bank has its own application guide lines.

Reasons why you might be declined on an instant credit application:

• Have been bankrupt in the past
• Poor credit rating
• Been employed for less then 12 months
• Low savings account
• Limited or no assets
• Fraud or mistakes on application
• Overdue accounts
• Continues Late Payments
• Other

Remember the key points for instant credit card application success: over 18, stable employment, stable job and proper identification.

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Tags: Credit Card, credit card application, Instant credit card, Instant credit card application