What is an Instant Credit Card?
- An instant credit card is approved instantly by the bank after a soft credit check.
- If your credit score meets the criteria, you’ll receive your card details (number, CVV, and expiry date) digitally.
- Use your card for online transactions right away—no waiting for the physical card!
- If your application is declined, you can apply for another card with a different bank.
Key Features of Instant Credit Cards
1. Instant Issuance: Get approved and start using your card digitally within minutes. The physical card arrives later.
2. Soft Credit Check: Approval is based on a soft credit check performed after you share your details.
3. eKYC Process: The card is linked to your Aadhaar or phone number, verified via OTP for eKYC.
4. Digital Card Details: Receive card details (number, CVV, and expiry date) instantly for online transactions.
5. Minimal Documentation: The digital process ensures quick approval with minimal paperwork.
Examples of Instant Credit Cards
ICICI Bank Instant Platinum Credit Card:
- Issued against a fixed deposit for quick approval.
- Instantly issued for online use upon approval.
Why Wait? Instant credit cards are perfect for those who want quick access to credit with minimal hassle.