An instant decision credit card can give you quick access to credit. Many instant decision cards offer a 'soft footprint' credit check.
uSwitch Limited is a credit broker, not a lender, for consumer credit products.
uSwitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.
An instant decision credit card lets you know whether you have been accepted or not as soon as you have finished your application, so you don’t have to wait to see if you have access to credit.
Whilst most credit cards can be quickly applied for online, in many cases after making an application it can take a card provider a few days to a week to get in touch within with the outcome of the application.
An instant decision credit card typically gives you an answer in as little as 60 seconds as to whether or not you’ve been successful.
After submitting your application online there are three possible decisions that will be made; you will either be declined, referred or accepted.
This will be decided by using a credit referencing agency to give a score. These agencies have information on your borrowing, repayments history and ‘stability’ information (eg whether you’re on the electoral roll and how often you change address).
Your score will be compared against the credit card’s criteria, if your credit score is good and matches the criteria you’ll be instantly accepted. If your credit score is poor you’re likely instantly declined, but most credit card providers will at least get in touch to explain why your application was declined.
If you have been referred, your application was too close to make an automatic judgement on and is under closer review by the credit card provider. They may request for additional information from you to complete the application process.
Upon being accepted you will still need to wait for confirmation or for the card to arrive by post.
You may need to confirm the application by signing an agreement and posting it back before you card is issued. However, many companies now use electronic signing for online applications.
There are instant decision cards available for those with bad credit, though these typically come with higher APRs and lower credit limits. The better your credit rating the better the offers you’ll be able to get on your credit card.
If you don't think you can clear your balance at the end of each month a low APR credit card may be more suitable.
Whilst instant decision credit cards can keep the hassle of applying for a card to a minimum, it’s shouldn’t be the only criteria you consider before making an application.
Make sure to examine all the features of the card to see if it’s offering the benefits and rewards you want, and you’ll be paying the best APR.
Also beware that too many applications as this can damage your credit rating. If you’ve been rejected rather than applying again it could be worth getting a credit report to see why you’ve been declined.
Many credit-card providers have online pre-application checks. Unlike with your actual credit card application this is a ‘soft-footprint’ credit check, which won’t be recorded on your credit history. However, this might not exactly match your credit score but it should give you a rough idea whether you’ll be accepted or not.
We compare credit over 100 credit cards from all of the major banks and credit card providers.
However, we do not compare all the credit cards that are available in the UK.
This is because some credit card providers have offers that are only available exclusively through their own website or branch, or through other comparison websites - in the same way some credit cards are exclusively available through uSwitch.
There are also many credit cards that are only available to people in member organisations and clubs.
Android Pay is a phone app that allows you to use your Android OS phone as a contactless credit card Following in the footsteps of Apple, Google launched their much anticipated ‘digital wallet’ app Android Pay in the UK on 18 May 2016. You can link the app to your credit and debit cards and […]
There are several fees and charges related to credit cards that you should be aware of and try to avoid If you use a credit card sensibly and know how to avoid all the potential credit charges and fees, they can be a versatile financial asset giving you everything from the best foreign exchange rates to […]
If you make the minimum repayment on your credit card every month, eventually you will find yourself paying back less and less each month until you finally clear all of the debt. But bear in mind that sticking to the credit card’s minimum payment option can be one of the most expensive ways to manage […]
Credit cards with interest free periods are a useful way to get some breathing space with your borrowing, allowing you to put off paying interest for as long as just over three years. There are three types of credit cards offering 0% interest: 0% purchase cards – cards that charge no interest on new purchases […]
Even if you’re on top of your money there are a few surprising things that can damage your finances. We take a closer look at some of the unexpected things that affect your financial wellbeing and some surprising actions that can come back to haunt you. Can parking fines stop you buying a house? If you have a […]
New research from uSwitch has discovered that almost two thirds of us overspent this summer, spending on average £491.78 more each. Poor exchange rates made holidays expensive Nearly half said the plunging pound had pushed up their holiday costs. With everyday items pricier and accommodation bills more than expected. Many holidaymakers slipped into debt to cover […]
Getting into unsustainable debt is frighteningly easy – a few months of irresponsible spending can land you with a debt of tens of thousands that could take years to pay back. Most people experience problem debts at some point in their lives, and it can be difficult to get the situation back under control. Many people borrow money […]
Use this guide to find essential information about how to get out of debt, including ways to reduce debt and how to get help if you’re having debt problems. If you’re starting to feel overwhelmed by your debts, you’re unable to pay them off, or there’s an increasing risk of being taken to court by the people that you […]
Debt consolidation loans are one way of dealing with overwhelming debts – read our guide to learn more What is loan consolidation? – Loan consolidation is borrowing one large loan to pay off all your other loans Is a debt consolidation loan right for me? – If you are struggling to meet your current monthly […]