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 10th August 2020

Comparing instant approval credit cards

Westpac Low Rate Credit Card

On Westpac's website

Apply by 02 December 2020

Westpac Low Rate Credit Card

Balance transfer

20 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 20 months on balance transfers with 1% Balance Transfer fee. Reverts to variable cash advance rate.
  • 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.
ANZ Low Rate

On ANZ's website

ANZ Low Rate

Balance transfer

22 months at 0% p.a.

Purchase rate

12.49% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • 0% p.a. for 22 months on balance transfers (1.5% balance transfer fee applies). Reverts to cash advance rate.
  • Low 12.49% p.a. ongoing rate on purchases.
  • No annual fee for the first year ($58 thereafter).
MoneyMe Freestyle Virtual Card

On MoneyMe's website

Special Offer

MoneyMe Freestyle Virtual Card

Balance transfer

N/A

Purchase rate

16.99% p.a. ongoing

Annual fee

From $100.00 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.
Virgin Money No Annual Fee Credit Card

On Virgin Money's website

Apply by 31 August 2020

Virgin Money No Annual Fee Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

18.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • $0 annual fee for the life of the card.
  • 0% p.a. for 12 months on balance transfers.
  • Up to 55 days on purchases.
HSBC Platinum Credit Card Balance Transfer Offer

On HSBC's website

Apply by 30 September 2020

HSBC Platinum Credit Card Balance Transfer Offer

Balance transfer

22 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$129.00 p.a. ongoing

Highlights

  • 0% p.a. on balances transferred for 22 months, with no balance transfer fee.
  • $129 p.a. annual fee which is refundable each year when you spend $6,000 on eligible purchases.*
  • Earn 2 points per $1 spent on overseas purchases.
Bank of Melbourne Vertigo Visa

On Bank of Melbourne's website

Apply by 30 September 2020

Bank of Melbourne Vertigo Visa

Balance transfer

22 months at 0% p.a.

Purchase rate

7 months at 0% p.a.

Annual fee

$0.00 for 1st year

Highlights

  • 0% for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate.
  • 0% p.a. on purchases for up to 7 months from card approval (reverts to 13.99% thereafter).
  • $0 p.a annual fee for the first year ($55 p.a. thereafter).
Coles No Annual Fee Mastercard

On Coles' website

Apply by 31 August 2020

Coles No Annual Fee Mastercard

Balance transfer

18 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$0.00 p.a. ongoing

Highlights

  • No annual fee ever.
  • 0% p.a. for 18 months with a 1.5% balance transfer fee (reverts to cash advance rate).
  • Earn 1 flybuys point per $2 on eligible spend.
St.George Vertigo Platinum Credit Card

On St.George's website

Apply by 30 September 2020

St.George Vertigo Platinum Credit Card

Balance transfer

12 months at 6.99% p.a.

Purchase rate

15 months at 0% p.a.

Annual fee

$49.00 for 1st year

Highlights

  • 0% p.a. on purchases for up to 15 months from card approval.
  • $49 p.a. fee for the first year ($99 p.a. thereafter).
  • Low revert rate on Purchases of 12.99% p.a. (ongoing).
NAB Low Rate Card

On NAB's website

NAB Low Rate Card

Balance transfer

6 months at 0% p.a.

Purchase rate

6 months at 0% p.a.

Annual fee

$59.00 p.a. ongoing

Highlights

  • Enjoy 0% on purchases and 0% on Balance Transfer (2% Balance Transfer applies).
  • After 6 months, continue purchasing interest-free up to 55 days interest-free period.
  • Uses Visa payWave for making purchases contactless and faster.
  • Get a response in 60 seconds.
American Express Qantas Ultimate Credit Card

On American Express' website

Apply by 03 September 2020

American Express Qantas Ultimate Credit Card

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Annual fee

$450.00 p.a. ongoing

Highlights

  • Get 80,000 bonus Qantas Points and get $100 back when you spend $150 or more at Qantas Wine when you apply by 3 September 2020, are approved and spend $3,000 on your new Card within the first 3 months. New Card Members only.
  • Earn 1.25 Qantas Points 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.
  • $450 Qantas Travel Credit each year (conditions apply).
Westpac Altitude Platinum Credit Card (Altitude)

On Westpac's website

Apply by 11 November 2020

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.
  • $99 p.a. annual fee for the first year ($150 p.a. annual fee thereafter).
Westpac Altitude Platinum Credit Card (Qantas)

On Westpac's website

Apply by 11 November 2020

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.
  • $99 p.a. annual fee for the first year ($200 p.a. annual fee thereafter).
American Express Explorer Credit Card

On American Express' website

American Express Explorer Credit Card

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Annual fee

$395.00 p.a. ongoing

Highlights

  • Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months. 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.
  • T&Cs and eligibility criteria apply. Available to new card members only.
American Express Platinum Edge Credit Card

On American Express' website

American Express Platinum Edge Credit Card

Balance transfer

N/A

Purchase rate

20.74% p.a. ongoing

Annual fee

$195.00 p.a. ongoing

Highlights

  • Start your holiday with a $200 Travel Credit every year.
  • Range of travel insurances including overseas medical emergency expenses, travel cancellation cover and more.
  • Earn 3 Membership Rewards points per dollar spent at major supermarkets and petrol stations.

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.

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 online 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 instant approval 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 tips on improving your credit score within 90 days.

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 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

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.

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