Waiting for your credit card to arrive in the mail before you can start using it can be frustrating. Fortunately, many credit card issuers now offer instant approval, allowing you to access a temporary credit card number right after your application is approved. This can be incredibly handy, especially during unexpected emergencies like car repairs or appliance replacements. In this article, we’ll take a look at some of the best companies that offer instant approval credit card services.
Credit Cards with Instant Credit Numbers
While most financial institutions quickly determine your eligibility for a credit card, it still takes time for the physical card to be processed and delivered. However, some issuers provide immediate access to a temporary credit card number. Here are a few of these issuers:
American Express Instant Cards
All American Express (Amex) customers have the option to receive a temporary credit card number immediately after completing their registration and verification process. Once you’ve registered, you’ll receive a four-digit number with an expiration date. You can use this instant credit card anywhere Amex is accepted. However, keep in mind that co-branded cards from Amex can only be used within that brand until you receive the physical card. For instance, a co-branded card may only be valid for use with a specific airline like Delta.
Capital One
Capital One is another company that offers instant credit card numbers upon registration. To access your instant card details, you’ll need to use the Capital One app, where you can view your card number and expiration date. If the information isn’t available on the app, logging out and logging back in can refresh the page and show you the details.
Sofi Credit Card
While the Sofi credit card may seem straightforward, it offers unique features compared to your typical cash back cards. If you’re a Sofi customer, you can integrate your card with an eligible digital wallet and start making purchases instantly. This means you won’t have to wait for the physical card to arrive, which can be a relief when you need to make an urgent purchase.
Citi
Citi, similar to Bank of America, only provides instant issuance for a few of their credit cards. These instant cards are typically co-branded cards, such as:
American Airlines branded cards
AT&T branded card
Costco Visa card
For example, the Costco Visa card offers a printed barcode that customers can use to shop at Costco immediately, without waiting for the physical card. Keep in mind that the instant card may only be valid at specific locations, while the physical card can be used anywhere.
USAA
USAA offers instant credit cards, but the spending limit for the instant card is capped at $1000 until you receive the physical card by mail. Additionally, you need to be a member of USAA bank before you can process instant card issuance. Military members can also become USAA members.
First National Bank of Omaha
First National Bank issues instant co-branded cards like the M Life Reward MasterCard. You’ll receive a printed copy containing details of your physical credit card, allowing you to use it immediately.
Bank of America
Most Bank of America credit cards do not offer instant issuance. However, the Alaska Airlines Visa Signature credit card, one of their branded cards, can be used instantly upon registration. The Alaska Airlines credit card earns you travel reward miles. Note that Bank of America’s instant card issuance can be intermittent and unreliable.
In Conclusion
Knowing what to expect when applying for a new credit card can be crucial, especially in emergencies. However, the process of obtaining an instant credit card isn’t always straightforward, as different banks and financial institutions have varying regulations. Some make it easy, while others require more effort. To get an instant credit card, you need automatic approval from your bank. If your application status becomes pending, you might want to explore other options. Instant approval isn’t guaranteed, so it’s wise to check your credit score before applying.
