Make sure you check the eligibility criteria for any credit card you want to apply for. If you have a bad credit score and are unable to meet the eligibility requirements for a credit card, your application won't be approved. 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 further damage your credit score, it's important to consider these conditions before applying.
How do instant approval credit cards work?
When you apply for a credit card online, you can often get a response within 60 seconds of hitting 'submit'. If your application is successful, this is the closest you can get to an instant approval credit card in Australia.
Credit card issuers that offer "instant" approval aim to respond as quickly as possible. With an "instant" credit card application, the bank or card provider assesses key details from your application and credit history within a few seconds.
After that, they may ask for additional documentation such as payslips and bank statements to proceed with the application. From there, it could take about 2-5 business days to receive the final outcome. Then, if you're approved, you should get your card in the mail within 5-10 business days (depending on the provider).
How can I get an instant approval credit card?
An instant approval credit card offers you a simple way to apply online and receive your credit card as soon as possible. But it does not guarantee approval of your credit card application. So if you want to improve your chances of instant approval, there are a few steps you'll need to take to make sure you've completed your application properly.
Step 1. Compare your options
As 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. If you have a low credit score, spend some time repaying existing debts and improving it before you apply for a card.
Residency status. Depending on the card, you might only be able to apply if you're a permanent Australian resident or citizen. Some banks do offer cards for temporary residents, so you can use our guide to compare these 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 driver's licence, passport or Medicare card.
Personal details. You'll need to provide your full name, residential address, living situation and contact details.
Employment and income. You'll need to provide proof of employment and income, including the details of your employer and recent payslips. 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 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?
If you already have bad credit, then it will be more difficult to get approved for a credit card straight away. So, 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.
Another important detail to keep in mind is that every application you make will be listed on your credit report – and could hurt your credit rating. If you're worried about your credit score, focusing on improving it before you apply can help improve your chances of a successful application.
Can I get an instant approval credit card without a credit check?
In Australia, there are no credit card providers that will issue you a credit card without doing a credit check. This is to ensure that they don't take on excessive risk and that people who should not be issued credit do not get further into credit card debt.
As long as you meet the eligibility criteria and complete the application properly, most credit card issuers in Australia offer instant approval. But as any declined applications will hurt your credit score, it's important to compare your options and check that you meet the card's requirements before submitting an application to increase your chances of approval.
Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.
SPONSORED: Don’t let yourself become a victim of fraud or theft. Here are 4 easy ways to keep your money safer.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.