Instant approval credit cards are in popular demand on credit card market. What are the reasons for that? Maybe it is all those numerous classifieds telling us that applying for such cards is easy and saves you a great deal of time. Or maybe it is the word "instant" itself has firmly stuck in our minds and leaves us no doubts that getting an instant approval card is way faster than obtaining other plastics. Let's figure out if you really receive an instant approval card before you can say Jack Robinson.

Instant coffee, instant food, instant pictures are a few of the things you can really call instant. Getting instant food or drinks ready takes seconds. Taking instant pictures in a cabin is also a moment's work. And what about instant approval cards? Is making such a deal so speedy as well?

I hope it won't be breaking news to you, but it is not. All those "Get your credit decision in 60 seconds" slogans are no more than commercial tricks aimed at claiming your attention. The actual process of getting an instant approval card looks like this.

You choose an instant approval card that fits your revenues, demands, and lifestyle. Fill out a credit card application and send it to the issuing bank. According to flashy advertising messages right after that comes the miraculous moment when your card with a wave of a wand appears in your hands.

In reality, when banks get your application, they check your credit history. Only in case you have good or excellent credit history you are sure to get an approval within a couple of minutes. When it comes to other types of credit score the approval process gets longer.

The thing is credit card issuers have certain requirements concerning your credit history and your paying capacity. Originally, instant approval plastics were designed for people with good and excellent credit score. But things have changed since then. And due to today's keen competition on credit card market, credit companies issue cards with instant approval for consumers with all types of credit.

If you are just at the beginning of your credit pathway and you do not have a credit history yet or if you suffered some financial problems and your FICO score leaves much to be desired, your instant credit card will make you wait for a while.

So, if you have average credit score is below good, banks will have to get some more information about your and your creditworthiness. And, as you understand, it takes more time than a few minutes. But as soon as they find out everything they need about your financial situation and qualify you for the deal you have applied for, you will get the card within the shortest time.

The good thing about this type of cards is that you will be noted about the lender's credit decision. So you will not have to practice fortune-telling, you will get a straight answer for sure.

It is worth mentioning that having applied and qualified for an instant approval credit card you by all means will have to wait for at least a week till you receive your plastic. If you try to make a purchase right after you have clicked the "Apply Now" button, it just won't work. You will need just a bit of patience and a few days later you will enjoy all the perks of your credit card deal.

Another misconception some credit card holders have about instant approval plastics is they confuse these cards with guaranteed approval cards. Remember, the instant approval feature does not dive you any guarantees that you will be 100 % approved for the deal you have chosen.

It just really saves some of your precious time and efforts. So, weigh all pros and cons and choose the type of card that will be the most profitable and convenient for you.