Instant Decision Credit Cards

Instant decision credit cards provide an instant decision on whether a customer applying for the card, has been accepted or declined. 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. For customers who apply online, they often prefer to know immediately whether they have been accepted or declined, for that particular credit card.

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 and adapted their computer systems to 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 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

M&S Transfer Plus Credit Card*

Balance Transfers:

0% for 32 months

Balance Transfer Fee:

0.99%

Purchases:

0% for 6 months

Representative APR:

18.9% APR (variable)

Credit Card Details

M&S Transfer Plus Credit Card*

• 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

M&S Transfer Plus Credit Card*

• 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

Post Office Money Platinum Credit Card*

Balance Transfers:

0% for 18 months

Balance Transfer Fee:

2.89%

Purchases:

0% for 28 months

Representative APR:

18.9% APR (variable)

Credit Card Details

Post Office Money Platinum Credit Card*

• 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

Post Office Money Platinum Credit Card*

• 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

HSBC Credit Card*

Balance Transfers:

0% for 32 months

Balance Transfer Fee:

1.4%

Purchases:

0% for 3 months

Representative APR:

19.9% APR (variable)

Credit Card Details

HSBC Credit Card*

• 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

HSBC Credit Card*

• 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

M&S Shopping Plus Credit Card*

Balance Transfers:

0% for 25 months

Balance Transfer Fee:

2.9%

Purchases:

0% for 25 months

Representative APR:

18.9% APR (variable)

Credit Card Details

M&S Shopping Plus Credit Card*

• 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

M&S Shopping Plus Credit Card*

• 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

Post Office Money Balance Transfer Credit Card*

Balance Transfers:

0% for up to 35 months

Balance Transfer Fee:

2.85%

Purchases:

0% for 3 months

Representative APR:

18.9% APR (variable)

Credit Card Details

Post Office Money Balance Transfer Credit Card*

• 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

Post Office Money Balance Transfer Credit Card*

• 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.

Instant decision credit cards are currently available in the UK, using both the MasterCard and Visa payment networks.

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