Instant credit cards online have become more and more popular by the minute. With the rushed lifestyle most people are leading today, and the urgency to get stuff done at microwave speed, it is really little wonder that many people are turning to instant credit cards online. As is with any other offer in the market today, it pays to dig deeper into a deal that looks too good to be true, as it probably could be. Are these instant credit cards online really that great? Do they have any notable disadvantages or anything that consumers need to be aware of before they go ahead to apply for one online? Here are the pros and cons of instant credits online to help you make an informed decision.
Pros
- A secured instant credit card offer in which you literally send money in front of time. This means that you will never really be borrowing cash from any line of credit. Rather, you will be using your own investment. Such a credit card is more of a debt card and not really a credit card par se as it allows you to spend from what you have in your account. For someone with a blemished credit, having a secured instant credit card offer presents a great opportunity to establish your credit history and rebuild it again.
- If you are looking for the freedom and flexibility of a credit card instantly, the simple fact that an instant credit card offercan take as little as 1-2 weeks to get to your mailbox is a crystal-clear plus. Note that a regular credit card may take even 8 weeks to finally get to your doorstep. Such an offer becomes especially great if you have something to take on instantly, say a bill that needs to be offset quickly, a vacation you plan to take soon etc.
Cons
- However, it is not every applicant who gets an instant credit card offer approval instantly since not everyone who qualifies as quickly. For instance, people with poor credit scores or bad credit histories may experience a delay. While the card may still get to you faster than a traditional type of card, it might be disappointing to know you will have to wait longer than you planned initially.
- An instant credit card offer is the same as the normal type of credit card, whether it is secured or not, meaning no one will know that your credit card was secured or instantly approved, to some people, this may bruise their ego and leave them feeling embarrassed.
Having said that, it is important to know that these instant card offers are never a guarantee for all credit card products in the market, but at least you will rest assured you will receive a response in 60 or so seconds. You simply don’t have to wait for an answer; you get an instant response immediately.