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Instant Approval vs Guaranteed Approval Credit Cards: What You Should Know

Instant approval credit cards are designed for people who do not want to wait for application processing. When you apply for a credit card before your application can be processed you generally have to wait to see if your credit is approved for a card. The application process can take a few days to weeks. However, instant approval cards solve this issue by accelerating the application process when you apply online.

These cards do not extensively examine your credit history or employment status. These cards are similar to secure credit cards because you may have to deposit a certain amount into your checking account to use the credit card and once it gets depleted you have to deposit more funds. Instant approval cards are issued within 24 hours after you apply, and they are available to people with many different types of credit history.

Who Offers Instant  and Guaranteed Approval Credit Cards

You can get these cards from various banks and companies. Many companies offer instant credit card options like Visa, and MasterCard, as well as other smaller banks that offer instant credit card options. These cards sometimes perform hard credit checks on your credit score and these can damage your credit score if you have too many of them. It is important to know your credit score when applying for these so you have an idea of what you should be applying for. Many retailers offer these credit cards to encourage you to use them to purchase large items and financial experts discourage this as it can damage your score if you charge large purchases that you are unable to pay off. A popular instant approval credit card is the Surge Mastercard.

Guaranteed Approval Credit Cards

These cards are marketed to seem as if you will get immediate guaranteed approval but with every credit card company, there is a process. Whether short or long almost no institution provides a guaranteed credit card. You must fill out forms with some information in order to see if you are pre-qualified. Many people receive mail with pre-qualified offers, but even with these, there is no guarantee that you are approved. There is still a process you have to go through when you apply for any credit card. Many offers you may receive for these cards can offer easy alternatives and offers for receiving a credit card.

Secured Credit Card Help Improve Credit Fast

One way to capitalize on the idea of a guaranteed credit card is to use a secured credit card. Secured credit cards are easier to qualify for as they help rebuild your credit or develop your credit so the application requirements are easier. With these cards, you generally pay a deposit and then get your credit card. The minimum deposit is generally $200 and the cards are reloadable. Once you max out your card balance you have to put more money on the card (pay your bill) before you can use the card again. With responsible use of the card, most companies will raise your credit score, and potentially transition your account to an unsecured credit card after a certain amount of timely payments. Most card companies make offers for guaranteed credit cards or (pre-approved offers). However, knowing if you qualify for these cards often takes time and is not guaranteed. These “guaranteed approval” cards are marketed with the idea that they have a quicker and less elaborate approval process. One secured card that fits easier approval criteria is from Primor.

Guaranteed Approval and Instant Approval Options

“Guaranteed approval” cards are not actually guaranteed and they come in many different styles. The cards stand for cards with easier approval requirements. As a result, there are many different companies that offer these cards. Both instant approval and “guaranteed approval” cards come with different interpretations of use beyond the title. They both can mean more than what they sound like. Although instant approval cards are truer to what they represent, it is important to understand that both types of cards mean different things. With any type of credit card shopping and applications, it is important to do your research, and figure out what cards, based on your credit, that you will likely qualify for. Also, remember to read the details of cards advertising fast approvals, and pre-qualified offers because there is generally more to the advertisement and it still requires a credit check.

The Best Unsecured Cards for Bad Credit

Many people today are suffering from bad credit. You may have had some late or missed payment, or some unexpected event may have happened that caused you to be low on funds. It can be very difficult to get an unsecured credit card if you have bad credit; however, bad credit cards can be found. With secured cards, you will be required to make a security deposit, but with unsecured cards, no deposit is required. The most popular type of credit card is an unsecured card. No collateral is needed. Many of these cards offer incentives to consumers to get them to apply for a card. The credit limit on an unsecured card will vary. The limit will normally depend on your credit.

Why You Have Bad Credit 

If you have bad credit, you probably did not make payments on time. Before you apply for a credit card, make sure you can make the monthly payment amount. In fact, it is a good idea to pay off the card each month, so you can avoid the high interest payments. An unsecured credit card can help you build credit, so make sure you use it wisely. You need to go online to search available cards for people with bad credit. You need to consider the interest rate of the card, as well as the rewards that were offered. Make sure you understand the fees that are involved with the card. Many of these cards carry an annual fee. You need to know what happens when you do not make a payment on time. Does the card have a grace period? Some card might offer a good introductory period and good cash back rewards. Research all cards to see what you prefer.

Credit One Bank Unsecured Visa

This card is designed for people with bad credit. You will receive at least a $300 credit line, but if you make payments on time, you will have the opportunity for a credit line increase. You will earn 1% cash back on groceries and gas if your account is in good standing. It does charge an annual fee of up to $99. The interest rate is a little high, but once you approve your credit score, you can get a card with a lower rate. With the card, you will have access to your free credit score each month.

Milestone MasterCard

This card is available to people with bad credit. You can even be approved for the card with a history of bankruptcy. You will pay an annual fee of up to $99. The APR is a little higher, but it is still lower than some other cards for people who have bad credit. You can start off with a $300 limit. Before you are actually approved, you must pre-qualify for the card first.


This card will approve you with bad credit or even a history of bankruptcy. You can pre-qualify for the card with no impact to your credit score. You can access your account online at any time of the day or night. You will pay an annual fee of up to $99. You normally start out with a credit limit of $300. If you want to put an authorized user on the card, it will charge you $25. It does not have a rewards program, but it is a good way to build credit. The card reports to all three credit bureaus.

First Access VISA Credit Card With this card, you will pay a one-time fee of $89. After the first year, you will pay $6.25 in monthly fees. The annual fee for the card is $75 for the first year and $48 after that. The application is quick and simple, and you will receive a response in under a minute. The card reports to all three credit bureaus. No rewards are offered with this card.

First PREMIER Bank MasterCard Credit Card

With this card, you will pay a processing fee of $95 after you are approved for the card. You will pay an annual fee with the card. You will normally start out with a $300 credit limit. The card reports to the three major credit bureaus, and you could be eligible for a credit line increase.