Most people get impatient waiting for more than five minutes for their morning coffee, so it’s not surprising that some people are also on the hunt for instant approval credit cards. 

When a credit card advertises that it offers “instant” approval, this usually means that when you apply online, you’ll get a response within 60 seconds of submitting your application. 

The credit card provider will use its own calculation system to review the personal financial data offered in your completed application. This doesn’t mean you’re guaranteed approval, but you should know if you’re eligible for the card almost instantly. 

Find and compare instant approval credit cards

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Purchase Rate

20.24%

Interest Free Days

55

Annual Fee

$30

$20

More details

Purchase Rate

20.24%

Interest Free Days

55

Annual Fee

$95

$20

More details

Purchase Rate

19.74%

Interest Free Days

44

Annual Fee

$30

$15

More details

Purchase Rate

20.24%

Interest Free Days

55

Annual Fee

$425

$20

More details

Purchase Rate

19.99%

Interest Free Days

55

Annual Fee

$129

$30

More details

Purchase Rate

20.24%

Interest Free Days

55

Annual Fee

$0

for 12 months then $30

$20

More details

Learn more about credit cards

How do I choose the best instant approval credit card?

Before you apply for an instant approval credit card, it’s important to compare different credit card options. This is so you can be confident you’re choosing a credit card that will best suit your individual financial needs. 

There are many different Australian banks and other lenders that offer instant approval credit cards. It’s important to not only look for the most competitive credit card interest rates, but to also read reviews and learn more about the fees and features of instant approval credit cards. This could include the number of interest free days on purchases, or reward points you can earn on your spending. 

How can I get an instant approval credit card?

Before you apply for an instant approval credit card, it may be worth taking some steps to help improve your chance of approval:

Go through your credit history

If you have a bad credit score, your credit card application may have a lower chance of approval. Consider contacting a credit bureau for a copy of your credit history, and going through it with a fine-toothed comb. Check if there are any mistakes on your credit report, such as a family member’s debt being attached to your name, and contact the parties involved to get these corrected.

Pay your debts

If you owe money on a car, have an outstanding personal loan, or are already paying off another credit card, it may be harder to get a credit card application approved. Even if you can’t afford to immediately pay off a debt in full, showing that you’re keeping up with the repayments can help. Credit card providers may look at your repayment history, so paying off more than the minimum amount may help improve your credit rating, and improve your chance of approval. 

Receive regular income

If you don’t earn enough annual income to meet the minimum repayments on a credit card, the lender won’t approve your application. Getting a full-time job or similar source of regular income may help improve your chances. There are also low income credit cards that you may want to consider. 

Start saving

Do your bank statements show that you can set a budget, save a regular amount each month and grow those savings? Having self-control in your personal finances may improve your chances of approval for credit cards and other financial products. 

How do I get a credit card with instant approval and no credit check?

In Australia, a responsible bank or other lender will always need to perform a credit check when you apply for a credit card or similar financial product.If you have bad credit and your credit card application is rejected, this can negatively impact your credit score. 

Some lenders can perform ‘soft’ credit checks, or pre-qualifications that can help indicate your chance of approval. These will not show up on your credit history, so you can feel more confident about applying for an instant approval credit card. 

Another possible alternative to consider is a payday lender. However, payday loans tend to have  higher risk than traditional credit cards, so it pays to do your research first. 

Frequently asked questions

Should I get a credit card?

Once you've compared credit card interest rates and deals and found the right card for you, the actual process of getting a credit card is quite straightforward. You can apply for a credit card online, over the phone or in person at a bank branch. 

How easy is it to get a credit card?

For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.

Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.

Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.

Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.

Do you need a credit card to get a loan?

You do not need a credit card to get a loan, but you usually need to have a credit history. Without a credit history, a financial institution cannot assess your ‘credit worthiness’, or your capacity to pay off the loan.

If you don’t have a credit card, your credit history can reflect any record of paying off an asset. Without any credit credit history, you’re limited in the type of loans you can apply for. But you may be able to obtain a secured loan against an asset. For more information on improving your credit score, go here

What should you do if your credit card is compromised?

Credit card fraud is a serious problem. If your credit card is compromised and you’re wondering what to do, here are a few precautionary steps to take.

Contact you credit provider – Get in touch will your credit card provider. If you feel your card has been compromised, you should be able to lock or block it.

Monitor your accounts – Keep an eye on your credit card accounts. Any unauthorised transactions could be a sign your credit card has been compromised.

Check your credit rating – It’s also important to check your credit rating, to ensure you’re not a victim of identity theft or some other financial mischief.

How do you apply for a credit card?

You can apply for a credit card online, over the phone or in person at the bank. Once you’ve compared the current credit card offers, the application process is quick and easy. Before you get your application started, you’ll need to gather your personal information like proof of ID, payslips and bank statements, proof of employment and details of your income, assets and liabilities. To be eligible for a credit card, you’ll need to be an Australian citizen over 18 and earn a minimum of $15,000 each year. Once you’ve applied for a credit card, you should get a response fairly instantly. If your credit card application has been approved, you should receive a welcome pack with your new credit card within 10-15 days.

How do you use credit cards?

A credit card can be an easy way to make purchases online, in person or over the phone. When used properly, a credit card can even help you manage your cash flow. But before applying for a credit card, it’s good to know how they work. A credit card is essentially a personal line of credit which lets you buy things and pay for them later. As a card holder, you’ll be given a credit limit and (potentially) charged interest on the money the bank lends you. At the end of each billing period, the bank will send you a statement which shows your outstanding balance and the minimum amount you need to pay back. If you don’t pay back the full balance amount, the bank will begin charging you interest.

Can a pensioner get a credit card?

It is possible to get a credit card as a pensioner. There are some factors to keep in mind, including:

  • Annual income. Look for credit cards with minimum annual income requirements you can meet. 
  • Annual fees. If high fees are a concern for you, opt for a card with a low or $0 annual fee. 
  • Interest rate. Make sure you won’t have any nasty surprises on your credit card bill. Compare cards with a low interest rates to minimise risk.

What should you do when you lose your credit card?

Losing your credit card is a serious situation, and could land you in financial trouble. Here is a simple guide detailing what to do when you lose your credit card.

Lock you card – Contact your provider and inform them about your lost credit card. From here lock, block or cancel your card.

Keep track of transactions – Look out for unauthorised credit card transactions. Most banks protect against fraudulent transactions.

Address recurring charges – If your card is linked to recurring charges (gym membership, rent, utilities), contact those businesses.

Check credit rate – To ensure you’re not the victim of identity theft, check your credit rating a month or two after you lose your credit card.

Monthly repayment

This is how much you can afford to pay on a monthly basis off your credit card. You can enter any amount you wish; but to make the balance transfer worthwhile the default is $200.

How to get a credit card for the first time

A credit card can be a useful financial tool, provided you understand the risks and can meet repayment obligations.

If you’re a credit card first-timer, review your options. Think about what kind of credit card would suit your lifestyle, and compare providers by fees, perks and repayments.

Once you’ve selected a card, it’s time to apply. Credit card applications can generally be completed in store, online or over the phone.

When you apply for a credit card for the first time, you must meet age, residency and income requirements. As proof, you must also provide documentation such as bank account statements.

Where can I get a credit card?

Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.

The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.

Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.

Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.

Is instant approval possible for credit cards?

Instant approval may be possible – but please note that the term may be misleading. “Instant” approval tends to mean that when you apply online the lender will let you know the likeliness of your eligibility for a credit card within 60 seconds of receiving your application.

How do you use a credit card?

Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.

How to make a credit card online

If you’re wondering about how to make a credit card online application, here are some steps to follow:

  • Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
  • Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
  • Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
  • Review details. Ensure the information you’ve entered is correct.

Current Interest Rate

This is the current interest rate on your existing credit card.

Current Annual Fees

These are the current annual fees on your existing credit card.

How do I apply for a credit card online?

What happens if I have a bad credit score?

If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.

Why should I check my credit rating?

There are two reasons you should check your credit rating: so you have a better understanding of your financial position, and so you can take action (if necessary) to improve your credit rating.

Lenders use credit ratings or credit scores to assess loan applications. The higher your score, the more likely you are to get approved, and the more likely you are to be charged lower interest rates and lower fees. Conversely, the lower your credit score, the less likely you are to get approved, and the more likely you are to be charged higher interest rates and higher fees.

Why do different credit reporting bureaus use different scores?

The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.

However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.