The best instant approval student credit card is the Bank of America® Unlimited Cash Rewards credit card for Students. It offers 1.5% cash back on all purchases as well as an initial bonus of $200 after spending $1,000 in the first 90 days, and it has a $0 annual fee. The card also allows students with limited or no credit to apply online and potentially get approved instantly.
It’s important to note that no student credit card guarantees an application will be instantly approved or denied. In some cases, a credit card issuer may need more time or additional information to review your application.
Also, instant approval cards are not the same as instant use credit cards, which are cards that can be used immediately upon approval, before you receive the physical credit card. Some instant approval credit cards do offer instant use, though.
But if you happen to be a student and have a bad credit, you can apply for these. Chances are you will get an instant decision, in case your application can be immediately verified. Otherwise, it might take up to 7-10 business days to receive an answer.
You can apply for a student credit card online, at a branch or (in some cases) by phone. To be eligible for approval, student credit card applicants must be at least 18 years old, earn enough income to afford monthly bill payments, and have limited credit or better (just not bad credit). … read full answer
To fill out a student credit card application, you will need to provide your annual income, your Social Security number (or an applicable alternative for international students) and other personal information – usually along with information about your school. As with any credit card, when you apply for a student credit card, you could receive a decision instantly if you apply online, or it could take as long as 10 business days. It usually takes 7-10 business days to receive a card in the mail after approval.
How to Get a Student Credit Card
Apply online, over the phone, or in-person. Make sure to have your SSN (or accepted alternative) and annual income at hand. If you’re under 21, you’ll need to have independent income to get approved for a credit card.
Wait for a decision. Sometimes, you’ll get an instant decision. If not, the typical waiting period for credit card applications is 7-10 business days.
Watch your mailbox. If you’re denied, the credit card company will send you a letter explaining your denial. If you’re approved, you’ll receive your credit card in the mail 7-10 days after you’re approved.
Student credit card issuers obviously expect applicants to be students, and many require proof. But they all do it a little differently. For example, the Citi Rewards Student Card asks for your school’s details and your expected graduation date on the application, and its terms say the card is for currently-enrolled students only. At least one student credit card, the Capital One Journey Student Credit Card, doesn’t require applicants to be students in its terms and conditions.
Applying for a student credit card might sound complicated and intimidating, especially if it’s your first credit card application. Try not to sweat it, though—the process is fairly simple in reality.
Student credit cards are a good way for students without much credit history to build credit. Their rewards can also work in a student’s favor. Some offer statement credits for good grades and perks for paying the bill on time. And you definitely need to pay all the bills on time if you want to be successful after you apply for a student credit card.
Yes, there are credit cards for no credit that offer instant approval, if you apply online and clearly meet the approval requirements. But it is also worth noting that no credit card approves applicants instantly 100% of the time.
Some applications always require a closer, longer look. Some people will be instantly rejected, too. That’s likely to be the case for people with bad credit who apply for credit cards for no credit. And with that said, let’s look at some of the … read full answerbest credit cards for people with no credit, which you could get instantly approved for (but may not).
Here are credit cards for no credit that may have instant approval:
Capital One Platinum Credit Card. This card doesn’t offer rewards, but it also has a $0 annual fee. It’s a great card to build credit, and you can get access to a higher credit line if you pay on time for 6 months.
Capital One Platinum Secured Credit Card. This card doesn’t offer rewards, but it comes with a $0 annual fee. Once approved, your credit line will be equal to your security deposit (minimum of $49, $99 or $200).
OpenSky® Secured Visa® Credit Card. This card doesn’t even run a credit check, so its approval odds are very high. You just need to place a security deposit of at least $200 that will serve as your credit line. There’s a $35 annual fee.
Since you don’t have any credit history yet, your approval is going to hinge more on whether you can afford to make purchases and pay them off. In other words, your income is going to be a large factor, so doing anything you can to boost that will help. You’ll also want to make sure you have all other necessary details in order. For example, you’ll probably need a U.S. mailing address, SSN or ITIN, and U.S. bank account for payments.
While you could get instantly approved for any of these no-credit credit cards, it’s also possible that the issuer could take more time, even up to a month, to make a final decision. Again, no card can guarantee instant approval 100% of the time. If you want to increase your approval chances by having a positive credit history, you could always become an authorized user on someone else’s card and make some purchases with it.
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