Immediate access credit cards

By   |   Verified by David Boyd   |   Updated 5th August 2022

Credit Cards with Immediate Access for Australians

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.

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.

  1. Log in to your mobile or online banking.
  2. Locate the page about your new card.
  3. Tap on the "Add to Apple Wallet" for iOS devices or "Save to phone" if using Android.
  4. Follow the on-screen instructions.
  5. 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 cardsInstant approval cards
Online applicationYesYes
Requires a credit checkYesYes
ApprovalFinal decision within minutesConditional approval within 60 seconds
Available to useVirtual card available immediately after approvalPhysical card available ~1 week after approval

Looking for a same day credit card?

Credit cards with immediate access in Australia

MONEYME Freestyle Virtual Card

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 perks & many more features
  • Thousands of 5-star customer reviews

Bank promo

  • Get MONEYME's lowest advertised rate EVER of 14.99% p.a.
  • Annual fee of $0 to $149 p.a. based on credit limit plus a monthly fee of $5 for balances over $20.
  • Be eligible for deals and credit back offers at over 1,400 participating stores thanks to MONEYME Perks, powered by Cashrewards. Terms and conditions apply.

Pros

  • Available to use immediately after approval.
  • Money can be transferred to your bank account.
  • Get cashback at participating stores with Cashrewards.

Cons

  • The maximum credit limit is comparatively low.
  • Combination of annual and monthly fees can be quite expensive for the highest credit limit.
  • There is a 1.5% withdrawal fee.
Bankwest Breeze Mastercard

On Bankwest's website

Highlights

  • Enjoy 0% p.a. on balance transfers for 15 months (0% BT fee, 9.90% p.a. thereafter).
  • 0% p.a. for 15 months on purchases (reverts to 9.90% p.a.)
  • First-year annual fee waiver. $49 p.a. thereafter.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • 0% p.a. on balance transfers for 15 months.
  • 0% p.a. for 15 months on purchases.
  • First-year annual fee waiver. $49 p.a. thereafter.

Cons

  • There are no rewards on this card.
Bankwest Breeze Platinum Mastercard

On Bankwest's website

Highlights

  • Enjoy 0% p.a. on balance transfers for 15 months (0% BT fee, 9.90% p.a. thereafter).
  • 0% p.a. for 15 months on purchases (reverts to 9.90% p.a.)
  • First-year annual fee waiver. $69 p.a. thereafter.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • 0% p.a. on balance transfers for 15 months.
  • 0% p.a. for 15 months on purchases.
  • First-year annual fee waiver. $69 p.a. thereafter.
  • No foreign transaction fees.

Cons

  • There is no rewards program on this card.
Bankwest Zero Mastercard

On Bankwest's website

Highlights

  • Pay no annual fee as long as you hold the card.
  • 0% p.a. for 34 months on balances transferred (2% balance transfer fee applies). Reverts to 14.99% p.a. thereafter.
  • Up to 55 days interest-free on purchases.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • There is no annual fee for as long as you keep the card.
  • The current balance transfer offer is extremely competitive.
  • Interest on purchases is comparatively low.

Cons

  • Balance transfers incur a one-off fee.
  • You cannot earn credit card points.
Bankwest Zero Platinum Mastercard

On Bankwest's website

Highlights

  • No annual fee.
  • 0% p.a. for 34 months on balances transferred (2% balance transfer fee applies). Reverts to 14.99% p.a. thereafter.
  • No foreign transaction fees and complimentary international credit card travel insurance.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros

  • No annual fee to pay — ever.
  • Very long interest-free balance transfer offer.
  • No fees on purchases in a foreign currency.
  • Complimentary international travel insurance.

Cons

  • There is a 2% fee on balance transfers.
  • You can't earn rewards points.
Westpac Flex Card

Highlights

  • 0% interest and $0 late payment fee.
  • $10 monthly fee, or no outstanding balance, $0 fee.
  • Access to Westpac Extras and Rewards.

Pros

  • No interest charges.
  • Pay no monthly fee if you do not have any outstanding balance.
  • Choose to repay monthly or twice a month, plus pay back more at any time.
  • No late payment fees.

Cons

  • Low credit limit.
  • No balance transfers or cash advances.
  • Lacks the ability to earn rewards.

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.