Instant approval credit cards

Get a decision on your credit card application within 60 seconds when you apply for one of these instant approval cards.

By   |   Verified by David Boyd   |   Updated 14th January 2021

Comparing instant approval credit cards

Westpac Low Rate Credit Card

On Westpac's website

FeaturedApply by 31 March 2021

Westpac Low Rate Credit Card

Balance transfer

24 months at 0% p.a.

Purchase rate

13.74% p.a. ongoing

Annual fee

$59.00 p.a. ongoing

Highlights

  • Enjoy 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee. Reverts to variable cash advance rate of 21.49% p.a.
  • Plus, get $200 cashback when you spend $1,000 on eligible purchases within 90 days of card approval.
  • Enjoy up to 55 days on purchases.

Finty Rewards

More info
  • $50 cashback when you apply via Finty and are approved

Pros

  • 0% p.a. for up to 24 months on balance transfers.
  • Receive an additional $200 cashback.
  • Low 13.74% p.a. interest rate on purchases.

Cons

  • Balance transfer reverts to cash advance rate of 21.49% p.a. after 24 months.
ANZ Platinum Credit Card

On ANZ's website

ANZ Platinum Credit Card

Balance transfer

N/A

Purchase rate

17 months at 0% p.a.

Annual fee

$0.00 for 1st year

Highlights

  • 0% p.a. on purchases up to 17 months. Reverts to 20.24% (standard purchase rate). Eligibility criteria, T&Cs, fees, and charges apply.
  • Up to 55 days interest-free on purchases when you pay your account in full each month.
  • No annual fee for the first year (save $87). Standard Annual Fee of $87 p.a. applies, thereafter.

Pros

  • Take advantage of the 0% p.a. for the first 17 months on purchases.
  • $0 annual fee in the first year, $87 p.a. thereafter (terms and conditions apply).
  • Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance

Cons

  • There are no rewards program for this card.
Bank of Melbourne Vertigo Visa

On Bank of Melbourne's website

Apply by 30 March 2021

Bank of Melbourne Vertigo Visa

Balance transfer

24 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% for 24 months on Balance Transfers with 0% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $0 p.a annual fee for the first year ($55 p.a. thereafter).
  • Up to 55 interest free days on purchases.

Pros

  • Additional savings with $0 annual fee for the first year.
  • 0% p.a. for 24 months on balance transfers with no balance transfer fee
  • The competitive purchase interest rate of 13.99% p.a.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 24 months.
  • There are no rewards program for this card.
ANZ Low Rate

On ANZ's website

ANZ Low Rate

Balance transfer

25 months at 0% p.a.

Purchase rate

12.49% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • 0% p.a. for 25 months on balance transfers (1.5% balance transfer fee applies). Reverts to 20.24% p.a. (balance transfer rate).
  • No annual fee for the first year ($58 thereafter).
  • Low 12.49% p.a. ongoing rate on purchases.
  • T&Cs, eligibility criteria, fees and charges apply on Balance Transfers (including annual fee, currently $0 for first year, $58 thereafter).

Pros

  • 0% p.a. on balance transfers up to 25 months.
  • $0 annual fee for the first year ($58 p.a. thereafter).
  • Take advantage of the low purchase interest rate of 12.49% p.a.

Cons

  • There is a 1.5% balance transfer fee.
  • No purchase or travel insurance included.
Virgin Australia Velocity Flyer Credit Card 26 Months Balance Transfer Offer

On Virgin Money's website

Apply by 29 January 2021

Virgin Australia Velocity Flyer Credit Card 26 Months Balance Transfer Offer

Balance transfer

26 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Annual fee

$64.00 for 1st year

Highlights

  • Enjoy 0% p.a. for 26 months on Balance Transfers with 0% balance transfer fee (reverts to Cash Advance rate of 20.99% p.a.).
  • Save with the half annual fee of $64 p.a. on the first year (reverts to $129 p.a. thereafter).
  • Receive $129 Virgin Australia Gift Voucher each year.

Pros

  • 0% interest on balance transfers for the first 26 months with no balance transfer fee.
  • Additional savings with the discounted $64 first-year annual fee.
  • $129 Virgin Australia Gift Voucher each year.

Cons

  • Purchase rate is 20.74% p.a.
MoneyMe Freestyle Virtual Card

On MoneyMe's website

MoneyMe Freestyle Virtual Card

Balance transfer

N/A

Purchase rate

16.99% p.a. ongoing

Annual fee

From $0.00 p.a. ongoing

Highlights

  • Apply online in minutes with an outcome on the spot.
  • No waiting days for a physical card, it's instantly accessible via your mobile wallet.
  • Tap n Pay in-store using Apple Pay or Google Pay.
  • Shop online using your virtual card details found in the MoneyMe App.
  • Shop now, pay later with up to 55 days interest-free on purchases.

Bank promo

  • Get MoneyMe's lowest advertised rate EVER of 16.99% p.a.
  • Receive a $250 credit back when you spend a minimum of $1,000 on purchases using your MoneyMe Freestyle Virtual Card within 12 months of approval. Terms and conditions apply.
St.George Vertigo Visa

On St.George's website

Apply by 30 March 2021

St.George Vertigo Visa

Balance transfer

24 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% for 24 months on Balance Transfers with 0% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $0 p.a annual fee for the first year ($55 p.a. thereafter).
  • Up to 55 days interest free on purchases.

Pros

  • Additional savings with $0 annual fee for the first year.
  • 0% p.a. for 24 months on balance transfers with no balance transfer fee
  • The competitive purchase interest rate of 13.99% p.a.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 24 months.
  • There are no rewards program for this card.
Virgin Money No Annual Fee Credit Card

On Virgin Money's website

Apply by 29 January 2021

Virgin Money No Annual Fee Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

12 months at 0% p.a.

Annual fee

$0.00 p.a. ongoing

Highlights

  • $0 annual fee for the life of the card.
  • Transfer your balance at 0% p.a. for 12 months on balance transfers (reverts to 20.99% p.a.)
  • 0% p.a. for 12 months on purchases (reverts to 18.99% p.a.)

Pros

  • No annual fee ever.
  • 0% p.a. interest rate for up to 12 months on balance transfers and purchases.
  • Up to 4 additional cards, also with $0 annual fee.

Cons

  • The revert interest rates for balance transfers and purchases are relatively high.
Westpac Altitude Platinum Credit Card (Altitude)

On Westpac's website

Apply by 31 March 2021

Westpac Altitude Platinum Credit Card (Altitude)

Balance transfer

18 months at 0% p.a.

Purchase rate

20.49% p.a. ongoing

Annual fee

$99.00 for 1st year

Highlights

  • Receive 80,000 Altitude bonus points when you spend $3,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • 0% p.a. for 18 months on balance transfers (1 % balance transfer fee applies). Reverts to purchase rate of 20.49% p.a.
  • $99 p.a. annual fee for the first year ($150 p.a. annual fee thereafter).

Pros

  • 80,000 bonus Altitude Points when you spend $3,000 in 90 days.
  • 0% p.a. for 18 months on balance transfers.
  • Additional savings with the $99 first-year annual fee ($150 p.a. thereafter).
  • Comes with complimentary travel insurance.

Cons

  • There is a 1% balance transfer fee.
  • Only up to 45 days interest-free on purchases.
Westpac Altitude Platinum Credit Card (Qantas)

On Westpac's website

Apply by 31 March 2021

Westpac Altitude Platinum Credit Card (Qantas)

Balance transfer

18 months at 0% p.a.

Purchase rate

20.49% p.a. ongoing

Annual fee

$99.00 for 1st year

Highlights

  • Receive 60,000 Qantas bonus points when you spend $3,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • Transfer your balance at 0% p.a. for 18 months (1 % balance transfer fee applies). Reverts to purchase rate of 20.49% p.a.
  • $99 p.a. annual fee for the first year then $200 p.a. annual fee thereafter (inclusive of $50 Qantas Rewards opt-in annual fee).

Pros

  • 60,000 bonus Qantas Points when you spend $3,000 in 90 days.
  • 0% p.a. for 18 months on balance transfers.
  • Additional savings with the $99 first-year annual fee ($200 p.a. thereafter).
  • Comes with complimentary insurance covers which include overseas medical and purchase security.

Cons

  • There is a 1% balance transfer fee.
  • Only up to 45 days interest-free on purchases.
Qantas American Express Discovery Credit Card

On American Express' website

Qantas American Express Discovery Credit Card

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • Earn 0.75 Qantas Point for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
  • Earn 1 additional Qantas Point per $1 spent on eligible Qantas products and services.
  • Pay no annual card fee.

Pros

  • Ongoing $0 annual fee.
  • Complimentary purchase and refund protection.
  • Earn more Qantas Points by having up to 4 additional cards for family members or friends with no extra fee.

Cons

  • There is a 3% foreign transaction fee.
American Express Explorer Credit Card

On American Express' website

Apply by 27 January 2021

American Express Explorer Credit Card

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Annual fee

$395.00 p.a. ongoing

Highlights

  • Receive up to 150,000 Membership Rewards sign-on bonus points with your new American Express Explorer Credit Card. That’s 120,000 Bonus Membership Rewards Points when you apply online by 27 January 2021, are approved and spend $3,000 on your new Card within the first 3 months. Plus, an additional 30,000 Bonus Membership Rewards Points in Year 2 upon fee renewal. T&Cs apply. New Card Members only.
  • Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
  • Earn 2 Membership Rewards points per $1 spent on purchases except government bodies in Australia where you will earn 1 point per $1 spent (uncapped).

Pros

  • 120,000 bonus Membership Rewards Points when you spend $3,000 on your card within the first 3 months from approval. Plus, 30,000 points upon second-year renewal.
  • $400 travel credit every year.
  • Get 2 complimentary airport lounge passes per year.

Cons

  • The $395 p.a. annual fee.

Overview

Instant approval credit cards feature a rapid response to your online application for a new credit card. ‘Instant approval’ in fact means an instant decision and possibly conditional approval within a very short time frame. This can be as little as 60 seconds from some banks, if all the required information and documentation has been supplied by the prospective cardholder, and provided that the financial profile outlined in the information (including the applicant’s credit score) is adequate to justify granting the card being applied for.

Conditional approval will become confirmed approval once all the supplied information has been verified, usually within the next 24 hours if everything checks out.

Credit score

When you apply for an instant approval credit card, your credit score will be checked as part of the rapid automated processing of your application. Your credit score is a numerical expression of your credit history, based on the information in your credit report collected by a credit bureau. The higher the number, the better the score.

If you have a good or above average credit score, you are more likely to get instant approval of your credit card application.

Tip: You can get your free credit score at Finty and check it as often as you like.

Other eligibility criteria

Another way of increasing the likelihood of getting instant approval is to only apply for a card whose eligibility criteria you can comfortably meet. As well as having a good credit score, eligibility criteria can include such things as a minimum annual income, your age and your Australian citizenship or residency status.

Learn about instant approval credit cards

Find out more about applying for a credit card and the approval process banks use.

  • Pros & cons

  • Tips

  • FAQs

Applications are still subject to eligibility criteria

Instant approval does not mean automatic approval of your application. You still have to meet all the card’s eligibility requirements, including having a financial profile and credit score that are good enough to secure approval.

Conditionally approved doesn't mean you have been approved

Instant approval is only conditional, and assumes that all the information you provided will check out. If it doesn’t, your application will be delayed at best, and at worst, declined.

Earlier savings with balance transfer offers

An instant approval credit card with a zero-interest balance transfer offer could see you saving money sooner if you apply for the balance transfer when you submit your online application for the card.

Get a conditional decision quickly (usually within 60 seconds)

An instant approval credit card can be a good solution if you’re in a hurry to get a new card, as long as all the other features of the card suit you as well.

You may be able to use the card immediately with your phone

Some instant approval cards also have an option to start using the card account immediately after unconditional approval is granted, instead of you having to wait until the plastic card arrives in the mail. Otherwise, you still have to wait up to 10 days for the card to arrive to reach you.

Make sure you supply all the requested information

The online application form for an instant approval credit card will ask you to supply personal details like your name and address, recent previous addresses, your employer’s name, your income and assets, expenses and any existing debts. You may also need to supply documentary proof of this data. If you omit any of the required information, or provide inaccurate data, you are unlikely to get instant approval.

Meet the eligibility requirements

If you can’t meet the card’s eligibility requirements, such as minimum income, being aged over 18, being an Australian citizen or permanent resident (or having another permitted visa type), and having a credit score of at least a specified level, then your application is almost certain to be declined. Eligibility requirements vary from card to card, and if you are hoping for instant approval it’s a good idea to only apply for a card where you know you can meet the minimum requirements comfortably, rather than just scraping through.

If your credit score is low, improve it before you apply

If having a good or above average credit score is one of a card’s eligibility requirements, you can be sure that a lot of weight is given to your credit score during the automated decisioning process. So if you have a below average or low score, it would be a good idea to work on improving it before you apply, to avoid having a declined application appear on your credit report, possibly making it even harder to apply next time. Finty can help with some fast-acting tips on improving your credit score.

Check all the card’s features, not just the ‘instant approval’ aspect

Don’t be too swayed by the prospect of getting your application approved instantly. There are plenty of cards offering instant approval, so it’s important to choose the one that’s most suitable for your needs. Compare interest rates, annual fees and penalty fees, any rewards points offered (including first purchase bonus points) and any complimentary benefits (such as free travel insurance) attached to the card. If the card that’s best for you turns out not to have an instant approval feature, don’t worry. You may still get a reply within a couple of business days, and it’s worth waiting a little longer to make sure that you get a card that’s the best possible one for you.

Don’t apply for multiple cards at the same time

Applying for a lot of cards within a short period of time is not a good idea. If you apply and are declined straight away, then resist the urge to apply for another one. Check your credit report since there may be issues that need to be addressed before a bank would consider approving your application.

How does the 60 second instant approval process work?

When you apply online with the fast 60 second approval, your personal financial data is automatically checked with the national credit bureaus, calculations are made to decide whether you qualify and an automated response is sent directly. The whole process usually takes 60 seconds or less, although some banks can take slightly longer. The approval of the credit card is subject to the final decision of the Bank.

What are the easiest credit cards to get approved for?

All banks will check out your financials and your credit history to figure out if you are eligible or safe to approve. Your best course of action is to apply for credit cards for which you comfortably meet the minimum eligibility criteria.

Who is eligible?

Legibility requirements usually include citizenship or residency in Australia, a good credit rating and n income above the threshold applicable to the specific credit card.

What about balance transfers?

An instant approval credit card with the option of a balance transfer allows you to move existing credit card debt to the new card and repay the old debt at a special low interest rate for a fixed period. Make sure the balance transfer deal you choose offers the best combination of interest rates and offer duration to make the most savings. When you are filling in the online application, apply for the balance transfer at the same time so you can start saving straightaway.

What other features should I look out for?

Some credit cards feature a special introductory offer of a low purchase rate for a fixed period. This can greatly reduce the cost of using your card, but you must be aware of how the interest rate changes at the end of the promotion. Many cards provide membership to rewards schemes including frequent flyer programs, retail rewards and other types of benefit, such as cash back, charity donations and more. If the card you are applying for includes a loyalty program, ensure that you can earn points in the way you like to spend and that you can make use of the rewards.

How do I compare cards before applying?

The purchase rate is the first factor to compare; this is the interest applied to any unpaid balance on your monthly credit card statement for purchases. You should also be aware that other transactions, such as cash advances, typically attract higher rates of interest, so familiarise yourself with these before applying. If the card has an annual fee, you should decide whether you can afford it and whether the extras are going to be of any benefit to you.

What information do I need ready to apply for an instant credit card?

On the application form you are required to provide a set of personal data - your name and address, previous address if you recently moved, employer, income and information on creditors and any outstanding debts.

Should I apply for multiple credit cards at the same time?

No, that's not a good idea. It can make your credit report look bad, especially if you've recently been declined for a credit card or some other loan. It's much better to make your decision on our credit card comparison site about which card to go for before clicking out to fill in an application. Here's why: the banks do a soft search enquiry of your credit report when processing your instant approval credit card application so if they see a ‘busy’ credit report where multiple enquiries have been made of your credit report by other banks all around the same time then it could be irresponsible for them to approve your application. This would more than likely result in your application being declined.

How closely will the banks look at my credit card application?

All banks look at your personal financial situation in order to figure out if you should be approved or not. The bank will want to verify your age to make sure you are over 18 years old, verify your income, check your residency status and also check your credit rating to calculate how capable you are to repay your card.

Will the bank check my credit report?

Yes. The bank will still check your credit report when processing your application.

Is my credit rating important for getting approved?

Yes, it’s crucial. Your credit rating is the key consideration for banks when they decide whether or not to approve you for one of their credit cards. Since the application is completed online and the decision is made automatically, approval or non-approval is fairly inflexible. You can check your own credit report by applying to a credit checking agency, and it’s a good idea to do this once a year to check that everything is up-to-date and there are no mistakes on your file.

If my application is declined, should I apply for a different card?

No, this could lead to you being repeatedly declined. Every time you apply for a new credit card, the bank checks your credit file, which includes details on any recent successful or unsuccessful credit card applications. Banks tend to look down on people who apply for multiple cards within a short period of time – they think it’s a sign of careless money management. The best thing you can do is to hold tight for a while before applying again. Failing to do so could mean you’re stuck in a circle of being declined for being perceived as having a higher-risk credit card user.

If my application is instantly approved after 60 seconds, am I definitely getting a new card?

The bank will give instant preliminary approval on condition of you meeting their lending criteria. If it turns out that you don’t actually meet their requirements, that details were missing or inaccurate from the documents you submitted, or that you can’t provide evidence to back up what your application, then the bank can decline your application.