Is your credit rating good? Do you have an existing plastic? Are you considering getting an instant approval credit card as a second card? I personally know of people who applied and were instantly approved to have another card. These days, it only takes a minute or two to apply online or via telephone. Demand for instant credit probably started when retail stores offered incentives, like discounts, to customers who actually buy in the store. People started to believe that they are getting their money’s worth because of this price slash.

Getting instant approval credit card, though, needs to pass through a qualifying process. Unlike popular belief, being qualified for an immediate approval is not that easy. You have to ask yourself: Am I handling my finances well? D

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