Comparing UK 0% credit cards online since 2002Instant decision credit cards provide a customer with an instant decision on whether they have been accepted or declined, for the card. The decision, for that particular credit card, is provided at the end of the online application process.
Many customers in the UK when applying for a new 0% credit card, now apply online. These customers, now often prefer to know immediately, whether their card application has been accepted or declined.
Instant decision credit cards are now much more common than they used to be.
Many of the UK credit card companies and banks have now updated their credit card computer systems. These new systems can now accommodate the growing number of credit card applications being made online.
Instant Decision Credit Cards
Some instant decision credit cards, but not all of them, can now even complete all of the required paperwork online. This makes the application process both easier and faster, for both the customer and the issuing credit card company.
This process for these quick credit cards, does allow the customer to receive their new instant decision credit card faster. Some slower credit cards require the customer to wait to receive the paperwork from the credit card company, then sign and return that paperwork. Only then will the customer receive their new credit card.
How Does Credit Card Company Make Instant Decision?
How does a credit card company make their decision with an instant decision credit card?
The credit card companies use a process called credit scoring to help them make a decision online. This credit scoring happens after the customer completes the credit card’s online application form.
To score the application, the card company uses the information supplied by the customer on the application form, as well as the customer’s information held by a credit reference agency. In order to be accepted for that instant decision credit card, you will need to pass that credit card company’s criteria.
All credit card companies score customers differently. However, all of the card companies use mostly the same type of information, when making their decision. This information includes a customer’s address details, employment history, salary and past use of credit.
Instant Decision Credit Card
Many instant decision credit cards now offer a fast online decision. This is often within 60 seconds or less of the customer completing the application form.
Currently not all UK 0% credit cards are available with an instant decision online. Some card companies can not provide an instant online decision late at night, for example.
However, all of the following featured 0% credit cards are instant decision credit cards. These cards can offer the customer an instant online decision at the end of the application process.
0% Credit Card Offers
Credit Card Details
- 0% for 32 months on balance transfers made within 90 days of account opening
- 0.99% balance transfer fee, minimum £5
- 0% on purchases for 6 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- Preferential rates when you use your card to order M&S Travel Money
- Manage account online
- Annual Fee: £0
Application Criteria
- You are a UK resident
- You have a UK bank or building society account
- You are aged 18 or over
- You have not held a credit card with M&S Bank within previous 12 months
0% Credit Card Offers
Credit Card Details
- 0% interest for 18 months on balance transfers made within 3 months of account opening
- 2.89% balance transfer fee
- 0% interest on purchases for first 28 months
- No fees on overseas purchases
- No cash fee when you purchase Post Office Travel Money
- Manage your account 24/7 with Post Office Money mobile app
- Annual Fee: £0
Application Criteria
- You are a UK resident
- You have a bank or building society account
- You have an annual income of £8,000 or more excluding unemployment benefits
- You are aged 18 or over
- You have no county court judgements
- You must not already hold a Post Office Money Credit Card
0% Credit Card Offers
Credit Card Details
- 0% interest for 32 months on balance transfers made within 60 days of account opening
- 1.4% balance transfer fee (minimum £5)
- 0% on purchases for 3 months from account opening
- At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
- home&Away rewards programme giving you instant discounts from well-known brands
- Online account management
- Annual Fee: £0
Application Criteria
- You have an annual income or pension before tax of £8,500 or more
- You are a UK resident, including Isle of Man and Channel Islands
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
0% Credit Card Offers
Credit Card Details
- 0% for 25 months on balance transfers made within 90 days of account opening
- 2.9% balance transfer fee, minimum £5
- 0% on purchases for 25 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- Preferential rates when you use your card to order M&S Travel Money
- Manage account online
- Annual Fee: £0
Application Criteria
- You are a UK resident
- You have a UK bank or building society account
- You are aged 18 or over
- You have not held a credit card with M&S Bank within previous 12 months
0% Credit Card Offers
Credit Card Details
- 0% for up to 35 months on balance transfers made within 3 months of account opening
- 2.85% balance transfer fee applies
- 0% on all purchases for the first three months
- No cash fee to buy travel money at the Post Office
- Manage your account 24/7 with Post Office Money mobile app
- Annual Fee: £0
Application Criteria
- You are a UK resident
- You have a bank or building society account
- You have an annual income of £8,000 or more excluding unemployment benefits
- You are aged 18 or over
- You have no county court judgements
- You must not already hold a Post Office Money Credit Card
Occasionally even with instant decision credit cards, the credit card company maybe unable to make an instant online decision. In these cases, the card company may then refer the application.
With a referred application, a credit analyst will look at the customer’s application in more detail. In order to make a decision, the credit analyst may request more information from the customer.
Quick Credit Card Delivery
Many of the leading UK credit card companies can now offer a quick credit card delivery after a successful online application.
Most UK credit card companies say to allow around 7 or more working days to receive a new 0% credit card. However, very often a customer will receive a quick credit card delivery. Customers can often expect their new card within 3 to 5 days after completing the application process.
The credit card arrival time may however be extended during a bank holiday period, for example. Delivery may also take longer if their are delays within the postal system due to bad weather or industrial action.
Instant decision credit cards are currently available in the UK, using both the MasterCard and Visa payment networks.
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