We’ve compiled a list of Instant Approval Credit Cards in NZ to help you choose the best Instant Approval credit card to suit your needs. Get a decision on your credit card application within a 60 seconds when you apply for an instant approval credit card listed below.
Updated: 14 Oct, 2024
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Card | Description | Purchase Rate (p.a.) | Balance Transfer | Cash Rate (p.a.) | Annual Fee | Interest Free Days |
---|---|---|---|---|---|---|
The American Express Airpoints Credit Card
Platinum Award | Interest Free (0% P.A.) on purchases for the first 6 months, plus NO ANNUAL FEE and earn 1 Air New Zealand Airpoints Dollar for every $100 you spend. CURRENT OFFER: 50 bonus Airpoints Dollars™ when you apply, are approved and spend $750 on your new Card within the first 3 months. New Card Members only. Reward Points Cash Equivalent: $100 spend earns $1.00 cash equivalent^. | 0% p.a. for 6 months then 22.95% p.a. | N/A | 22.95% p.a. | $0.00 | 55 days
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Apply Now » No documents required to apply1 |
The American Express Airpoints Platinum Card
Platinum Award | The FASTEST Airpoints DollarTM earning Platinum Credit Card in NZ. Every $70 you spend earns you 1 Airpoints Dollar. This cards also comes with:
Reward Points Cash Equivalent: $100 spend earns $1.42 cash equivalent^. | 22.95% p.a. | N/A | 22.95% p.a. | $195.00 | 55 days
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Apply Now » No documents required to apply1 |
Co-operative Bank Fair Rate Credit Card
Gold Award | The Fair Rate Credit Card has a very low purchase rate of 12.95% p.a. plus a balance transfer rate of 0% p.a. for 6 month. This might be a good card if you are looking for a credit card with a low interest rate and/or a card with a 0% p.a. balance transfer offer. | 12.95% p.a. | 0% p.a. for 6 months | 12.95% p.a. | $20.00 | 55 days
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The American Express Gold Rewards Credit Card
Platinum Award | Amex's FASTEST earn rate credit card in NZ. Get 2 points per $1 spent with this award-winning Membership Rewards programme. CURRENT OFFER: Get $200 back* (Statement Credit). *Apply online, be approved and spend $1,500 on your new Card within the first 3 months. New Card Members only. T&Cs apply. Reward Points Cash Equivalent: $100 spend earns $1.25 cash equivalent^. | 22.95% p.a. | N/A | 22.95% p.a. | $200.00 | 55 days
More Info »
Apply Now » No documents required to apply1 |
^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases you might earn less or more depending on how you redeem your ponts and some reward points cannot be redeemed for cash directly. Click on the card to find out how the estimate was calculated.
An Instant Approval Credit Card refers to credit cards that provide applicants with an instant decision on their application, usually within 60 seconds of the application submission.
Instant approval credit cards leverage an automated system to quickly assess your creditworthiness. When you apply, the issuer performs a quick credit check and evaluates your financial information. If you meet the eligibility criteria, you receive an approval decision almost immediately. The initial decision provided is usually conditional assuming everything checks out.
Before applying for an instant approval credit card, it’s important to check that you are eligibile to get the credit card to avoid a unneccesary credit check on your account. Common criteria include:
The application process for an instant approval credit card is usually straightforward and can often be completed online. Here are the steps you should follow:
When applying for an instant approval credit card, you will need to provide certain documents to verify your identity, financial situation and residency. Commonly required documents include:
Having these documents ready can speed up the application process and improve your chances of getting instant approval.
One of the main benefits of instant approval credit cards is that they allow eligible applicants to gain rapid access to credit, usually much faster than traditional credit card applications. This can be beneficial during emergency situations when you need access to a credit card quickly.
The application process is typically straightforward and can be completed online.
You get an almost instant response which can save you from waiting and guessing.
Instant approval often means conditional approval and the credit card issuer may still need to conduct a further assessment of your personal and financial situation, which could result in a denial.
Instant approval credit cards can come with higher interest rates compared to traditional credit cards which makes them more expensive if you carry a balance.
Not all credit card issuers offer instant approval, which can limit your choices.
To improve your chances of getting an instant approval credit card, it’s important to maintain a good credit score. Here are some tips to maintain a good credit score:
Hard inquiries (checks) on your credit score can negatively impact your credit score, which in turn affects your chances of instant approval. To avoid hard inquiries:
Paying your bills on time is good for maintaining a good credit score. You can do this by setting up automatic payments for your bills and credit cards. Use payment reminders to keep track of due dates.
An instant approval credit card is a type of credit card that provides an immediate decision on your application, usually within minutes. This quick response is often conditional, pending a more thorough review of your financial situation.
Not necessarily. Instant approval means you get a quick decision, but it doesn’t always mean you can use the card immediately. Some issuers may offer instant access to a temporary card number, while others may require you to wait for the physical card.
Eligibility criteria vary by issuer but generally include factors like a good credit score, stable income, and minimal existing debt. Some issuers may also have specific requirements related to your employment status and residency.
To improve your chances, maintain a good credit score, pay your bills on time, avoid hard inquiries, and keep your credit utilisation low.