You see them often…..on PPC ads, banner ads, organic listings, etc “Instant Approval!”
I am referring to the Instant Approval Offer you see for credit cards everywhere.
Well here is the truth.
The percentage of people that can get this “instant approval” is less than 20%……& I am being generous.
Let me tell you what I am not saying.
These credit cards that offer this are bad. That is NOT the case. They are telling the truth for those that qualify, but most people do not.
What you WILL get is an ANSWER in 60 seconds.
That is not necessarily a bad thing. Even if you have some blemishes on your credit score, the credit card company has a right to check you out a bit more.
SO, who qualifies? Well, I know someone with a score in the high 600’s & they still got a “we will call you in 24-48 hours” message…….within 60 seconds of course
The point of this article is that the instant approval credit card is not guaranteed, so please be aware. Even if you do get the credit, you will have to wait up to 14 days, although most credit cards let you know within 24 hours.
Here are couple of my favorites that normally advertise 60 second approval. I will tell you.,….& others should tell you, here are my favorite 60 second ANSWER cards:
http://www.all-credit-cards-online.com/clear_from_american_express_quickreview
http://www.all-credit-cards-online.com/capital_one__no_hassle_milessm_rewards_quickreview
for other good low fee balance transfer credit cards click here.
Until next time
cb
Filed under: consumer balance transfer credit cards, consumer credit cards, instant credit credit cards | Tagged: balance transfer credit cards, instant decision credit cards
[...] just symantics Posted on November 13, 2008 by subfivemiler It occurred to me as I re-read a previous entry on a ping-back, that I should have included more detailed info in the instant approval credit card [...]