Different Types of Instant Approval Credit Cards

When shopping for credit cards, many individuals choose the internet because of the convenience it offers as well as the wide variety of cards that area available. Many of these are offers for instant response or instant approval credit cards. Instant response card offers will usually give you their answer in a minute or two. Occasionally, circumstances will arise where they need more time to come to a decision but usually you get your answer quickly, which is why these cards are so popular. There are different types of instant approval credit cards offered, which each offering something the individual consumer may want or need.




0% intro APR Balance transfer is a very popular credit that offers you an introductory 0% interest rate for a certain period of time, which may be from 1 month to 15 months. You also have the option to transfer balances off other high interest credit cards onto your new card and not pay interest during the introductory period. These offer the opportunity to decrease your monthly payments while saving money on interest. It's important to know if the 0% interest is on balance transfer and purchases or just transferred balances. The downside of these cards is that the interest rate may be very high after the introductory period.
 
Cash back credit cards are another popular choice because they give you cash back on purchases made with the card. The percentage of cash back is often 5% on certain purchases like restaurants, gasoline, food, travel expenses and 1% on all other purchases. Some of these credit card companies have online merchant stores and offer you up to 20% cash back on purchases made with these merchants. 
 
Rewards credit cards are similar to cash back credit cards and are often offered as instant approval credit cards. Instead of giving you cash back, they give rewards such as points or rebates that are good towards purchases of certain merchandise or gift cards. Gift cards are usually the most economical choice because their merchandise is sometimes more expensive than if you purchased it elsewhere. Many of these cards offer large bonus points when you sign up for the card.
 
Gasoline credit cards have been very popular credit cards the past few years with the high cost of fuel. Not only do you get a percentage off at the pump, but many of these cards also offer cash back, which is making the price of your fuel even less. These instant approval credit cards are great if you spend a lot of time driving or have several drivers in the family all using the card for their gas purchases.
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