With advancements in banking technology and credit profiling algorithms, it is now possible to get a credit card that you can use on the same day.
This guide explains how it works, shows you your options, and explains some of the most common questions people have about immediate access credit cards.
In this guide
What is an immediate access credit card?
Credit cards with immediate access are available to use immediately after approval. They are issued as a virtual card that can be added to a mobile wallet such as those on Apple and Android devices. If your application gets approved, you can begin using it on the same day.
How to use an immediate access credit card
After applying and being approved, your new card will be made available to use. You'll need to set it up on a phone or tablet you own that has a digital wallet, e.g. Apple Pay or Google Pay.
- Log in to your mobile or online banking.
- Locate the page about your new card.
- Tap on the "Add to Apple Wallet" for iOS devices or "Save to phone" if using Android.
- Follow the on-screen instructions.
- Once configured, you can use your card in-store or online where contactless payments, Apple Pay, or Google Pay are accepted.
Note that some digital wallets may not be supported by the issuer.
Immediate access vs. instant approval
There is a difference between immediate access and instant approval. The main difference is how long it takes to get approved and be able use the card. This comparison table lays out what you can expect.
| Immediate access cards | Instant approval cards | |
|---|---|---|
| Online application | Yes | Yes |
| Requires a credit check | Yes | Yes |
| Approval | Final decision within minutes | Conditional approval within 60 seconds |
| Available to use | Virtual card available immediately after approval | Physical card available ~1 week after approval |
Looking for a same day credit card?
Credit cards with immediate access in Australia
MONEYME Freestyle Virtual Card
Make sure you meet the following criteria before applying.
Application requirements:
Highlights
- Use virtual card instantly once approved (typically within 60 mins)
- Tap n Pay with up to 55 days interest free
- Use credit to transfer money to anyone
- Exclusive features
- Thousands of 5-star customer reviews
Bank promo
Pros
Cons
Highlights
- Enjoy 0% p.a. interest on balance transfers for 24 months, with a 3% balance transfer fee (then 12.99% p.a. thereafter).
- Enjoy up to 55 interest-free days on purchases.
- Exclusive offer for new customers for a limited time. Additional charges, as well as terms and conditions, apply.
Pros
Cons
Highlights
- Enjoy 0% p.a. interest on balance transfers for 24 months, with a 3% balance transfer fee (then 12.99% p.a. thereafter).
- Benefit from up to 55 interest-free days.
- Offer exclusively for new customers within a specified period. Additional charges, along with terms and conditions, apply.
Pros
Cons
Highlights
- Avoid annual fees for the duration of card ownership.
- 0% p.a. for 6 months on purchases and transferred balances (with a 3% balance transfer fee). Returns to 18.99% p.a. thereafter.
- Enjoy up to 55 days interest-free on purchases.
- Offer exclusive to new customers for a limited time. Additional fees and charges, as well as terms and conditions, apply.
Pros
Cons
Highlights
- Annual fee waived.
- 0% p.a. for 6 months on purchases and transferred balances (with a 3% balance transfer fee). Returns to 18.99% p.a. thereafter.
- Offer valid for new customers within a specified timeframe. Additional fees and terms and conditions apply.
Pros
Cons
Highlights
- 0% interest and $0 late payment fee.
- $10 monthly fee, or no outstanding balance, $0 fee.
- Access to Westpac Extras and Rewards.
Pros
Cons
FAQs
Do credit cards with immediate access require a credit check?
Yes. The bank will run a hard check of your credit report while assessing your application.
Are credit cards with immediate access virtual?
Yes. The credit card that you can use immediately after approval will be a virtual card. The physical credit card — if there is one — will arrive in the post around one week after you've been approved.
Can credit cards with immediate access be used on the same day?
If your application gets approved on the same day, you can start to use your card immediately after.
