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 20th July 2021

Comparing instant approval credit cards

Westpac Low Rate Credit Card

On Westpac's website

FeaturedApply by 30 November 2021

Westpac Low Rate Credit Card

Balance transfer

28 months at 0% p.a.

Purchase rate

13.74% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. for 28 months on balance transfers with a 1% balance transfer fee. Reverts to variable cash advance rate of 21.49% p.a.
  • Low 13.74% p.a. interest rate on purchases.
  • $0 first year annual card fee ($59 p.a. thereafter).

Finty Rewards

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

Pros

  • 0% p.a. for up to 28 months on balance transfers.
  • Low 13.74% p.a. interest rate on purchases.
  • $0 first year annual card fee ($59 p.a. thereafter).

Cons

  • Balance transfer reverts to cash advance rate of 21.49% p.a. after 28 months.
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.
  • 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.
NAB Low Rate Card

On NAB's website

NAB Low Rate Card

Balance transfer

32 months at 0% p.a.

Purchase rate

12.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. on balance transfers for 32 months with no balance transfer fee. Reverts to cash advance rate of 21.74% p.a. after the promotional period.
  • $0 first-year annual card fee ($59 p.a. thereafter).
  • Get a response in 60 seconds.

Pros

  • 0% p.a. on balance transfers for 32 months.
  • The waived annual fee for the first year.
  • Additional credit card is free.

Cons

  • No rewards program for this card.
Bank of Melbourne Vertigo Visa

On Bank of Melbourne's website

New offerApply by 30 November 2021

Bank of Melbourne Vertigo Visa

Balance transfer

30 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% for 30 months on Balance Transfers with a 0% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $0 first-year annual card fee ($55 p.a. thereafter).
  • Additional cardholder at no extra cost.

Pros

  • 0% p.a. for 30 months on balance transfers with no balance transfer fee
  • $0 first-year annual card fee ($55 p.a. thereafter).
  • The competitive purchase interest rate of 13.99% p.a.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 30 months.
  • There are no rewards program for this card.
St.George Vertigo Visa

On St.George's website

New offerApply by 30 November 2021

St.George Vertigo Visa

Balance transfer

30 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% for 30 months on Balance Transfers with a 0% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $0 first-year annual card fee ($55 p.a. thereafter).
  • Additional cardholder at no extra cost.

Pros

  • 0% p.a. for 30 months on balance transfers with no balance transfer fee.
  • $0 first-year annual card fee ($55 p.a. thereafter).
  • The competitive purchase interest rate of 13.99% p.a.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 30 months.
  • There are no rewards program for this card.
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.
BankSA Vertigo Credit Card

On BankSA's website

Offer extendedApply by 30 November 2021

BankSA Vertigo Credit Card

Balance transfer

30 months at 0% p.a.

Purchase rate

13.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% for 30 months on balance transfers with 0% balance transfer fee. Reverts to cash advance rate of 21.49% p.a.
  • $0 first-year annual card fee ($55 p.a. thereafter).
  • Additional cardholder at no extra cost.

Pros

  • 0% p.a. for 30 months on balance transfers with no balance transfer fee
  • $0 first-year annual card fee ($55 p.a. thereafter).
  • The competitive purchase interest rate of 13.99% p.a.

Cons

  • Balance transfer rate reverts to 21.49% p.a. after 30 months.
  • There are no rewards program for this card.

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.