Instant approval credit cards comparison

Compare credit cards that offer approval in 60 seconds or less when you apply online.

When you apply for a credit card online, you'll often get a response within 60 seconds of submitting the application. If you're successful, this the closest you can get to an "instant approval" credit card in Australia.

But if you want to get instant approval when you apply for a credit card, you still need to meet the card's eligibility requirements and complete the application form. Use this guide for everything you need to know to increase your chances of success when applying for an instant approval credit card.

Latitude Financial Services Credit Card Offer

Latitude Low Rate Mastercard

9.89% p.a. interest rate on purchases

Eligibility criteria, terms and conditions, fees and charges apply

Latitude Financial Services Credit Card Offer

The Latitude Low Rate Mastercard features a competitive interest rate, a range of complimentary insurance covers and a 55 days interest-free period on purchases.

  • A low purchase interest rate of 9.89% p.a. and a cash advance rate of 18.89% p.a.
  • Complimentary insurance covers including Price Protection, Purchase Protection and Extended Warranty
  • Up to 55 days interest-free on purchases when you pay your balance in full by the statement due date
  • Annual fee of $69 for primary cardholders and $0 additional cardholder fee
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Compare Credit Cards with 60-second approval

Rates last updated November 21st, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Latitude Low Rate Mastercard
9.89% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 70,000 bonus Velocity Points (60,000 in 3 months and 10,000 after first year). Plus, save with 0% p.a. for 18 months on balance transfers.
American Express Velocity Platinum Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$375 p.a.
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
Coles Rewards Mastercard
19.99% p.a.
0% p.a. for 14 months
$99 p.a.
Enjoy up to 120,000 bonus points (worth $600 flybuys Dollars / 52,200 Velocity Points ) when you meet the spend criteria and 2 flybuys / $1 spent.
Commonwealth Bank Low Rate Gold Credit Card
0% for 15 months, reverts to 13.24% p.a.
5.99% p.a. for 5 months
$89 p.a.
Keep interest costs low with a 0% p.a. introductory rate on purchases for 15 months. Plus, access to complimentary insurance covers.
Commonwealth Bank Low Fee Gold Credit Card
0% for 15 months, reverts to 19.74% p.a.
5.99% p.a. for 5 months
$0 p.a. annual fee for the first year ($89 p.a. thereafter)
Save with 0% p.a. for 15 months on purchases and an ongoing annual fee waiver when you meet the spend requirement. Plus, included insurances.
Coles No Annual Fee Mastercard
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0 p.a.
Offers 0% p.a. on purchases and balance transfers for the first 12 months and an ongoing $0 annual fee. Plus, earn flybuys for your eligible spend.
Coles Low Rate Mastercard
0% for 12 months, reverts to 12.99% p.a.
0% p.a. for 12 months
$58 p.a.
Offers 0% p.a. interest on balance transfers and purchases for the first 12 months. Plus, earn flybuys points at Coles Supermarkets.
Virgin No Annual Fee Credit Card
18.99% p.a.
0% p.a. for 12 months
$0 p.a.
Offers 0% p.a. for 12 months on balance transfers and up to 55 days interest-free on purchases, all for a $0 annual fee.

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Credit cards for applicants with bad credit

You'll only receive instant approval for a credit card if you meet the eligibility requirements and include all the information that's asked for on the application. If you have a bad credit score or are unable to meet the eligibility requirements, you won't be accepted. If you have a bad credit history, you can work on improving your credit score or consider an alternative form of credit. As rejected applications can hurt your credit score even further, it's important to consider these conditions before applying.

How do instant approval credit cards work?

Credit cards that offer "instant" approval are designed to give you a response as quickly as possible when you apply online. These cards usually give you a response within 60 seconds from when you submit your completed application. If you're approved, you'll usually receive your new credit card within a week or two.

With an "instant" credit card application, the credit card issuer has a system in place to assess key details from your application and credit report within a few seconds. The result is that you get a response as quickly as possible.

How can I get an instant approval credit card?

An instant approval credit card offers you simple way to apply online and receive your credit card as soon as possible. To improve your chances of instant approval, though, there are a few steps you'll need to take to make sure you've completed your application properly.

Step 1. Compare your options

couple smiling at laptopAs you can apply for most credit cards online and get approval within 60 seconds, it's important to compare your options first so that you can get a card that suits your needs.

The key details to consider are credit card rates and fees that may apply, including the purchase rate, cash advance rate, annual fee and any promotional rates of interest. You should also weigh up other features that may add value to the account, such as rewards and complimentary extras.

Step 2. Check the eligibility requirements

Before you can get approved for a credit card, you'll need to make sure you're actually eligible to apply for the card. The eligibility criteria varies between credit cards but often includes the following:

  • Age. You have to be at least 18 years of age to apply for a credit card in Australia.
  • Good credit history. Most banks only accept applicants who have a good credit history with no evidence of defaults. Other details, such as late payments or other recent applications for credit, could also have a negative impact on your credit score.
  • Residency status. Depending on the card, you might only be able to apply if you're a permanent Australian resident. Some banks do offer cards for temporary residents, so you can use our guide to compare your options.
  • Income. You may need to meet a minimum income requirement to receive approval for the card. If you don't meet the income requirement of a card, you might want to compare low-income credit cards for more choice.

Step 3. Collect the necessary documents and information

When you apply for a credit card online, you'll be required to provide a number of documents and personal information before you can receive instant approval. Usually, this includes:

  • Proof of identity. You'll be asked to provide proof of your identity such as your drivers licence, birth certificate or medicare card.
  • Personal details. You'll need to provide your full name, residential address and contact details.
  • Employment and income. You'll need to provide proof of employment and income, including the details of your employer and recent pay slips. If you're self-employed you'll need to provide your accountant's details and if you're retired, you'll need to provide evidence of your Centrelink payments or assets.
  • Balance transfer details. If you're applying for a balance transfer, you'll need to provide the details of your existing account and the amount you're transferring during the application.

Having these details on hand before you begin your application will help speed up the process when you apply for a new credit card.

Step 4. Apply online

Once you've compared your credit card options, confirmed you meet the eligibility criteria and organised the necessary documents, you can click on the "Go to Site" button to begin your secure online application. This should only take around 10 to 15 minutes if you have all of the relevant details handy. Once you've submitted your application, you should receive your response within 60 seconds. You'll either be approved, rejected or contacted by the bank for further details.

Can I get an instant approval credit card with bad credit?

While most online credit card applications offer a response within 60 seconds, this doesn't always mean you'll get "instant approval". If there are issues with the details you've provided or with your credit history, your application may be declined or result in "conditional approval" – a term which usually means you'll need to provide further details before you can get your credit card fully approved.

If you already have bad credit, then it will be more difficult to get approved for a credit card straight away. What's more is that every application you make will be listed on your credit file and could add to your bad credit rating. So if you're worried about your credit score, focusing on improving it before you apply can help improve your chances of a successful application.

Reasons why your credit card might have been declined

Instant approval credit cards are an easy way to apply for a credit card online and get your credit card sooner. As instant approval credit cards still require you to meet the relevant eligibility requirements, it's important to compare your options and prepare your application before submitting it to improve your chances of approval.

Pictures: Shutterstock.

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Credit Cards Comparison

Rates last updated November 21st, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months.
Citi Clear Platinum Credit Card
0% for 9 months, reverts to 14.99% p.a.
0% p.a. for 9 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Enjoy a $0 first year annual fee and a 0% introductory rate on purchases and balance transfers. Plus, complimentary purchase insurance cover.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 70,000 bonus Velocity Points (60,000 in 3 months and 10,000 after first year). Plus, save with 0% p.a. for 18 months on balance transfers.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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