It is safe to say that you are hoping to apply for a Visa that you can put to utilize just after you’re affirmed for it? Rather than trusting that up to 14 days will be given a card number, you may be looking for a card that works quickly upon endorsement.
Here we will discuss about the Best Instant Approval Credit Cards in 2021.
Best Approval Credit Cards
1. Costco Credit Card
If you are already a member of Costco or have thought of becoming a member, you will be able to access it immediately once approved. However, you need to ask the store for immediate access. With your paid Costco subscription, there is no annual fee that can only be used in the store.
In addition to the number, you will receive a barcode that can be scanned into the box. This is also a great option for business owners who need help managing their cash flow and need restaurant supplies or even state-of-the-art equipment such as a new laptop or Printer.
It’s A Perfect Card For People Who Already Shop At Costco:
If you live near a Costco and already have a subscription, the new Costco credit card is absolutely obvious. While the new Costco credit card does not come with a sign-up bonus, it offers a surprising 4% cash refund on your first $ 7,000 spent at gas stations around the world and a 3% refund on meals. and select purchases and get a 2% refund on all other Costco purchases.
As a Visa card, this card can also be used wherever Visa is accepted. For all purchases that are not in one of the “bonus categories”, you will receive a 1% refund by default. No matter how you look at it, it’s not bad at all.
If you already have a Costco subscription that costs about $ 60 and you already buy a lot, you can save a lot of money by subscribing to the new Costco card. If you drive a lot and maximize fuel consumption, for example, you will receive a cash discount of $ 280 per year. And if there’s a lot of food and essentials at Costco, you can earn much more with ease.
For example, suppose you spend about $ 1,000 a month on food, toiletries, and personal care products at Costco. At the end of the year, you will receive $ 240 worth of additional bonuses, all to buy items you would have bought anyway. It’s nice to use the Costco Rewards credit card.
Benefits Of The New Costco Visa Card:
- With the new Costco credit card, you get 4% cashback on your first purchases of $ 7,000 a year. This represents an increase of 3% over the previous version of the card.
- Costco’s new credit card offers a 3% refund on travel and grocery purchases, including international meals! The old American Express version of this card offered only 2% and excluded restaurants abroad.
- All other Costco purchases made with the new card will receive 2%, an improvement of 1% over the previous version of the card.
Read Also: How Credit Card Balance Transfers Work
2. Indigo Mastercard
Indigo Mastercard has a lot of high-end features to consider. It comes with no one-time fees at all. Additionally, the annual fee is only between 0 USD-99 USD. The monthly fee is also negligible and the average regular APR is about 24.9%. It comes with a grace period of twenty-five days.
As per us, the best thing is that you can go for a pre-qualification process. It will not impact your credit score at all. It is ideal for people who have a fair credit score. You get to access your mobile account.
This card also provides you fraud protection for the cards you lose or the ones that get stolen. Your account history is also reported to any of the three functional credit bureaus in nature.
Additionally, the maximum late fee levied here is 39 USD while the over-limit fee is 39 USD. The maximum penalty APR is also 29.9%. Your foreign transaction fee is 1% and the cash advance APR is 29.9%.
3. Credit One Bank Platinum Visa
This particular credit one bank platinum visa is ideal for rebuilding credit. It is one of the topmost options for a consumer who has very bad credit. For instance, people who need a loan for covering the cost of unexpected medical expenses that cannot be done in cash can really make the most of this card.
You will get 75 USD for the 300 USD initial credit line which is actually quite an attractive offer. Earning cash back rewards will definitely help you in the long run too.
This card does not have any one time fee and the annual fee is between 0 USD to 99 USD. There is no monthly fee and the regular rate also lies between 19.99-25.99%.
The grace period is also about 0 to 24 days for this card. You can pre-qualify without harming any credit score at all. You can track your progress with your Experian score and it is ideal for you to rebuild your credit.
The maximum late fees for this is 39 USD and the maximum over-limit fees are 0 for the same. The maximum penalty APR is also 0 while the foreign transaction fee is capped at 1 USD or 3% whichever is better.
financeguide 