Instant_Approval_Credit_Cards_-_The_Advantages_Of_Applying_Online

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Instant Approval Credit Cards - The Advantages Of Applying Online


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Summary:
Getting instant approval for a credit card – and sometimes getting immediate access to use it – can now be
done in less than 60 seconds. No muss, no fuss like the old days when getting a credit card took a month or
more. If you weren’t aware of how instant your approval could be, now is the time to find out.


Internet Technology and Security – Behind the Scenes of Instant Approval


How did the instant approval credit card come about? The answer is that the Internet has ...



Keywords:
instant approval credit card, instant approval, credit cards, balance transfer, rewards, immediate



Article Body:
Getting instant approval for a credit card – and sometimes getting immediate access to use it – can now be
done in less than 60 seconds. No muss, no fuss like the old days when getting a credit card took a month or
more. If you weren’t aware of how instant your approval could be, now is the time to find out.


Internet Technology and Security – Behind the Scenes of Instant Approval


How did the instant approval credit card come about? The answer is that the Internet has completely
changed the way card-issuing banks can research consumer information and make a decision about an
applicant’s credit worthiness. Nearly every major financial institution that issues credit cards – including
Chase, CitiBank, American Express, HSBC, and others – now allows you to use the Internet to fill out their
application online with complete security, submit it with the click of a button, and then count the seconds
while they make their decision. And in most cases, if your credit is good to excellent, you will be approved
instantly and a credit card will be on its way to you within days.


Behind the scenes, instant approval credit cards use the speed of the Internet and the sophisticated
communication networks created for the banking industry. When you submit your application, banks can
now easily verify your identity and check with one or more of the three national credit bureaus – Experian,
Equifax, and Trans Union – to ensure that your FICO score meets their application criteria. (Your FICO
score is a mathematical calculation performed by each of the credit bureaus that rates your credit history on
a scale of 0 to 800.)
The Benefits of Instant Approval


If you’re wondering why you might want to take advantage of this instant approval service to get your next
credit card, there are several good reasons:


1. Many banks periodically offer special promotions on their credit cards, such as 0% APR on purchases
and/or balance transfers for a specified period of time or bonus travel miles on airlines. These are offers you
may not hear about if you don’t browse the Internet looking for instant approval credit cards.


2. There can be a value in knowing quickly if you will be approved for a credit card if you find yourself
needing additional credit for your business or personal needs. Using paper applications and the US mail will
usually take 4 to 6 weeks before you know if you are approved.


3. You can sometimes get immediate access to a portion of the credit line for which a bank approves you.
For example, some banks will offer you $300 to $500 that you can tap into immediately using a code they
give you.


4. Applying for a credit card using a secure Internet site can actually be safer than filling out a paper
application with your personal information and mailing it. Secure Internet sites use 128-bit encryption which
is considered unbreakable in the computer security field. (You can tell when you are at a secure Internet site
because your web browser contains a small icon that looks like a lock down at the bottom of the page.)


A Sensible Advantage


So the next time you are pondering your credit card needs and feel that you can benefit from a new credit
card, consider looking into an instant approval card. In today’s fast-paced world, you may agree that this
new form of getting a credit card makes a great deal of sense for consumers.


Copyright 2005 Ed Vegliante.




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