August 22, 2015

Unsecured, Easy to Get, Instant Approval Credit Cards Now!

Instant approval credit cards are more widely known as prepaid cards. These are unsecured since your money is not locked away in a certificate of deposit. You use your own cash. It is the term credit that tends to mislead because you are not actually being extended any form of credit when you apply for one. Upon closer examination, the cards have more in common with easy to get debit cards than with credit cards.

Some of the cards classified as instant approval credit cards are Ace Elite Visa Prepaid Card, Account Now Gold Visa Prepaid Card and Pink Ace Elite Visa Prepaid Card. These prepaid cards look like other credit cards and can be used anywhere and in any way that a debit card can be used.

Obtaining Instant Approval Credit Cards:

Since the issuers of instant approval credit cards are not extending credit and thus not taking a risk, the cards are easy to obtain. In fact, many companies offer approval in a matter of seconds. As you use the instant approval card you can replenish the balance (or reload the card) online or at retailers and automatic bank machines.

Not all instant approval cards have the same requirements for applicants. As stated above, with some cards, approval can be granted in less than a minute. However, this is not always the case. Sometimes, it takes longer to receive a card.

Benefits:

Why do consumers choose instant approval credit cards? One reason some people choose these cards is that they have credit issues that make it difficult for them to get traditional credit cards. Since obtaining these prepaid cards does not require a credit check, damaged credit or lack of a credit history is not a consideration.

These cards are also good for children, who may find the cards easier to keep track of than cash, especially if the child needs a bit more cash than normal to make a purchase, or to take on a trip. As stated earlier, instant approval credit cards are accepted wherever debit cards are accepted.

These cards are often used by parents when they want to send their college student off with a bit of extra money in case of an emergency. Since the cards are prepaid and the card limit is equal to the amount of money you load onto it, there is no risk of affecting your credit negatively.

The cards can also be used for receiving direct deposits in lieu of a bank account. Many senior citizens find that these cards provide the perfect avenue for receiving government checks rather than having them sent in the mail.

Options:

The Pink Ace Elite Visa Prepaid Card is a popular instant approval credit card. Its bright pink color makes the card a conversation piece, but more impressive than its aesthetic appeal is the fact that the card is an official sponsor of the National Breast Cancer Foundation (NBCF). Over $2 million in proceeds from the sale of the card have been donated toward breast cancer awareness and screening.

The Pink Ace prepaid card can be used as a destination for government checks including tax refunds and for work paychecks. Also, the Pink Ace Elite card offers free account alerts via email or text, and you can check the status of your account at any time.

Account Now Gold Visa Prepaid Card has a guaranteed approval policy once the identification of the applicant has been confirmed. Balances can reach as high as $10,000. The credit card is good for receiving checks through direct deposit and is a good tool for making payments online.

The Now Gold card comes with a monthly fee of $9.95. This fee is waived when the cardholder loads at least $3000 a month into the card account. There is also a $9.95 fee for the initial amount put on the card. There are reload fees that range from $395 to $4.95, and a $2.50 fee is charged when money is withdrawn via an ATM. There is a $1 charge when an ATM is used to check the credit card balance.

Ace Elite Visa Prepaid Card is comparable to the Pink Ace Elite card, minus the color. The card offers free alerts and direct deposits in the form of payroll or government checks can be made into the account. There is a monthly fee of $9.95 for the Ace Elite Visa.

Drawbacks:

Instant approval cards can be good for certain situations—some of which have already been noted. Again, one of the top reasons people use these cards is because of how easily they can be obtained even when bad credit is an issue. Unfortunately, these cards on the whole do nothing to improve a poor credit rating.

Before acquiring an instant approval credit card, be certain that it meets your needs and will help you reach your goals. Easy credit cards to get and instant credit card applications are good when you’re expecting a tax refund or online payments from your internet passive income sources. But if you want to build good credit, you’ll have to be more patient and put a bit more effort than going for guaranteed approval credit cards.