Or they may even provide you with a virtual credit card number. Card companies that offer instant-use cards will give you the card number and expiration date as soon as you’re approved. Instant-use credit cards, however, are available immediately upon approval. However, you may still have to wait for the physical card to arrive in the mail so you can activate it for use. Instant approval credit cards typically provide you with an answer as soon as you complete the online card application. If you can avoid taking on an annual fee by opting for a card without one, you want to make that decision early to narrow down your options. To avoid taking on a credit card with an annual fee you can’t afford, carefully review a card’s APR, annual fee, late fee and so on. Check your credit score before you apply for a new credit card to ensure you aren’t taking a credit hit you could have avoided. A handful of secured credit cards offer instant approval, but some cards require good to excellent credit. And you better understand whether or not you may qualify for a credit card before committing to an application. Preapproval can be reassuring because it only requires a soft inquiry, which doesn’t affect your credit score. However, you can check to see if you’re preapproved for a credit card with most issuers on this list. Preapproval does not guarantee you’ll be approved for a credit card. Similarly, if a significant portion of your monthly budget goes towards stocking your pantry, you might consider a rewards card geared toward grocery shopping. If you know you need to finance a large purchase, you may benefit from a 0% intro APR offer.
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