The credit card application and approval process can take several days. Mostly only after you get the physical card, you can start charging purchases to that account. However, there are a few exceptions. Now, you can find a number of instantly approved credit cards. The issuers of these cards evaluate the credit card application in real time. With these cards, you can use your new line of credit immediately. In some cases, you will get an instant card number; with this, you can use your credit card right away.

Some of the popular instantly approved credit cards are:

• Capital One® Secured Mastercard®
  If you want to build or rebuild your credit standing, this is one of the most popular instantly approved credit cards. Also, it does not charge an annual fee, which adds to further savings. Additionally, there are no monthly fees or a one-time fee. Another benefit is that the spending limit is often higher than the refundable security deposit of the card. Based on your credit score, you will have to deposit either $49, $99, or $200 (for a spending limit of $200). So, you may be assigned a spending limit that exceeds your refundable deposit. You will also get a higher credit line after you have made your first five monthly payments before the due date. The regular interest rate of this card is 26.99% but this is a variable rate. To be eligible for this card, you need to have a monthly income that exceeds your monthly housing payment by $425.
• Discover it® Secured
  This is one of the most popular secured and instantly approved credit cards. It is popular because of its zero annual fees and great cashback rewards. This card gives an unlimited cashback of 1% on every purchase every day. Also, you earn a cashback of 2% on the first $1,000 spent at gas stations and restaurants combined. Moreover, the rewards earned in the first years are doubled. Very few cards offer rewards with zero annual fees. There are only about five general use or non-credit union-secured credit cards with a zero annual or monthly fee. Also, there are no one-time fees involved.
  If you pay your credit card bills on time, you can easily build or rebuild your credit score with Discover it® Secured card. The card requires a minimum security deposit of around $200. This deposit is the credit limit for the card. The regular APR of this card is around 25.24%, which is a variable rate depending on your credit score. If you can pay your bills on time, you do not have to worry about the high APR. This makes the card just right for those looking to build credit. To get approval for this card, you only have to submit a proof that you could support your previous debt obligations with your current income. Also, you need to have a valid social security number, a valid bank account in the country, and no history of bankruptcy in your records.
• OpenSky® Secured Visa® Credit Card
  If your credit score is severely damaged and you are looking for a secured card, the Secured Visa® from OpenSky® is probably your best option. The best thing about this card is that it does not require a credit check. Even if you have recently filed for bankruptcy or have a tax lien on your record, you will have no problems while applying for this instantly approved credit card. You only have to show proof of your identity. Thus, you do not have to worry about hard credit checks and your credit score lowering temporarily. This will enable you to improve your credit report. The card has a minimum security deposit of $200, which is lower than most average secured credit cards; it has the same credit limit as well. You will, however, have to pay an annual fee of around $35. Additional fees include a foreign transaction fee of around 3% for international purchases. The regular APR of this card is about 19.64%, which is lower than most credit cards.
• Journey® Student Rewards from Capital One®
  With no requirement of previous credit experience, this is one of the few instantly approved credit cards for students. The card does not have a 0% introductory rate. However, its APR of 26.96% is slightly higher but there is no annual fee involved. Thus, it is possible to build credit nearly for free. All one needs to do is pay the full bill every month to avoid paying the high interest. Moreover, you can earn a cashback of at least 1% on every purchase made with the card. You can earn a bonus every month if you pay the credit card bill before the due date, making the reward rate nearly 1.25%. This is quite higher than the market average for rewards cards. Also, paying the bills on time will make you eligible for a higher credit limit. Another benefit of this card is that there are no foreign transaction fees involved for international purchases. For those planning to study abroad or travel, this card can be quite useful.
• Capital One® Platinum Credit Card
  This card is perfect for you if you are thinking about building credit. To be eligible for this card, you need to have limited to fair credit. With timely payments of bills and by avoiding the use of the full credit line, you can improve your credit score with this card. Although there are no rewards, cash back, or 0% introductory APRs, the card lets you save more through zero annual fees, monthly fees, and one-time fees. Also, you do not have to pay any foreign transaction fees for international purchases. Moreover, if you pay your bills by the due date for the first five months, you will be eligible for a higher line of credit. This will add significantly to your credit score. The regular APR is this card is 26.96%
• Credit One Bank® Platinum Visa® for Rebuilding Credit
  If you have bad credit and require an emergency loan, this can be one of the most useful credit cards. For instance, if you need emergency credit to cover the cost of a medical emergency or unexpected vehicle repairs, this is perfect. By simply paying $75 as the first-year fee, you will get an initial credit line of $300. Moreover, you will get cashback rewards of 1% on eligible purchases. This will help you tide over your financial emergency. The additional advantage of this card is that there is no one-time fee for the application process or a monthly fee. With $75 as the first-year fee, you will have to pay up to $99 in the subsequent years. This fee is based on your credit score. Also, the APR of this card varies between 20% and 26.24%, depending on your creditworthiness. Although you get an initial credit line of $300, there is no clarity on how you can get a higher credit limit. According to Credit One Bank, higher credit limits are based on the overall credit performance of cardholders.