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A Guide to Instant Approval Credit Cards

Instant Approval Credit Cards

What is an Instant Approval Credit Card?

The term ‘Instant Approval Credit Cards’ is applicable both to the nature of the credit card, as well as the nature of the credit card offer. In both cases, Instant Approval Credit Cards represent credit cards in which the approval process with regard to obtaining a new credit card is instantaneous. Instant Approval Credit Cards exist within a variety of circumstances, ranging from offers received through the mail, as well as instant approval upon application both over the phone and over the Internet.

Standards and Practices of Credit Terms Specific to Instant Approval Credit Cards

In most cases, the following standards and practices are specific to Instant Approval Credit Cards:

For individuals with credit scores considered to be ‘good’ or ‘excellent’, the receipt of Instant Approval Credit Cards can be considerably easy. In many cases, credit scores that are perceived to be exemplary will result in instant approval.

Although Instant Approval Credit Cards may be considered to be both convenient and easy, individuals undertaking the application process with regard to Instant Approval Credit Cards are encouraged to be wary. In many cases, Instant Approval Credit Cards retain considerably high Annual Percentage Rates (APR), which require the full monthly payment of the outstanding balance in order to avoid interest surcharges.

Instant Approval Credit Cards: Profile and Background

The following details are inherent within the financial structure and legal ideology of Instant Approval Credit Cards:

Instant Approval Credit Cards may be accessed both in a physical setting, as well within a virtual one. Furthermore, the denial of applications for Instant Approval Credit Cards taking place over the Internet may not be applicable to telephone or physical applications. Many individuals have reported approval over the telephone subsequent to a rejection taking place online.

Instant Approval Credit Cards are not only available throughout the week, but also on the weekends. As a result, those in a financial bind may choose to undertake the application for Instant Approval Credit Cards.

Instant Approval Credit Cards: Legality

Instant Approval Credit Cards will typically fall under the jurisdictions of both Finance Law and Commercial Law.

Finance Law is the legal specialty regulating and overseeing legislation applicable to the exchange and the circulation of monies. This takes place in both transfer activity undertaken involving hard currency, as well as Instant Approval Credit Cards.

Commercial Law is the legal field that enacts the regulatory oversight of standards and practices occurring within the commercial marketplace. With regard to Instant Approval Credit Cards, statutory legislation is undertaken within the precepts of Commercial Law to ensure that any nature of predatory lending or financial exploitation is an illegal offense.

Instant Approval Credit Cards Assistance

Although predatory lending was determined to be a criminal offense as a result of the CARD Act of 2009 (The Credit Card Accountability, Responsibility, and Disclosure Act), certain institutions offering Instant Approval Credit Cards may grant the approval for candidates whom they suspect will be unable to satisfy repayment, thus subjecting that individual to higher APR in conjunction with interest fees. Individuals interested in the receipt of Instant Approval Credit Cards are encouraged to engage in both accredited legal and financial counseling with trained professionals prior to any financial commitment.

NEXT: A Guide to Interest Free Credit Cards

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