Key takeaways
- An instant-use credit card is one where you can use it right away for purchases and enjoy the benefits immediately, instead of waiting for a physical card to arrive in the mail.
- Not all credit cards fall under the “instant use” category, but ones that do can be incredibly useful for the cardholder.
- Instant-use cards can be helpful for balance transfers, zero percent purchase offers and deep discounts for retail purchases.
- Although instant-use cards are almost always instantly approved, they are different from instant approval credit cards.
Opening a credit card means having access to a line of credit, but you can’t always use it right away. Most credit card issuers make you wait until you receive the physical credit card in the mail — which can take up to 10 business days. Yet a handful of credit card companies are making instant-use credit cards available as soon as you’re approved.
With instant-use cards, you receive a 16-digit credit card number or virtual card on approval, allowing you to use it immediately. These digital cards offer fantastic convenience for those who need access to credit sooner versus later. Here’s how they work and where to look for them.
How do instant-use credit cards work?
An instant-use credit card is like a virtual credit card that allows you to apply, get approved and begin using your line of credit almost right away or within a day. You’ll still receive a physical credit card in the mail, which generally takes around 10 business days after approval.
Store credit cards are a common example of instant-use credit cards, where you can take advantage of the credit line immediately without a physical card. Many airline cards also allow you to apply online and, if approved, use the card immediately to pay for travel.
Instant-use cards are like a digital version of your regular credit card. You receive either the actual card’s account number or a virtual card number once you’re approved. American Express is an example of an issuer offering instant credit card numbers to select applicants when you’re approved. You can then use your card to shop online and use your cardholder benefits without the wait.
You can add instant credit card numbers to a digital wallet like Apple Pay, Google Pay or Samsung Pay, which allows you to pay with your mobile device in person, too.
Instant approval credit cards vs. instant-use credit cards
They’re similar in some ways but there’s a big difference between instant approval credit cards and instant-use credit cards. In most cases, instant-use credit cards are approved almost instantly so you can begin using them as soon as possible.
However, not all instantly approved credit cards are instant-use credit cards. An instant approval credit card gives you an immediate credit decision after submitting an application. Unlike an instant-use card, you may still have to wait up to 10 business days to receive your credit card in the mail.
Benefits of an instant-use credit card
Immediate access to a credit line is a major benefit of instant-use cards, but there are a couple of other advantages you may benefit from too. For starters, many retailers offer discounts you can take advantage of right away, such as 30 percent off your entire purchase or additional savings on top of store coupons when you use its co-branded card.
Accessing and accruing rewards right away is another major perk of an instant-use card. You can begin accumulating points or rewards as soon as you make your first purchase, which comes in handy when you have a large purchase — like airfare — or a lucrative rewards program you can leverage.
Instant-use cards also give you the opportunity to begin spending toward a welcome bonus spending requirement right away. Consider this: Let’s say you’ve been approved for a new card and can earn 50,000 points if you spend $3,000 in the first month. With an instant-use card, you can begin working toward that threshold right away. If you have to wait for the physical card to arrive in the mail, however, you could lose as much as 10 business days of spending time, potentially making it tougher to meet the requirement to earn the bonus.
If you have a large purchase on the horizon but you don’t have enough cash at the moment, then an instant-use credit card can help you cover it as you save up to pay for it. This can be especially beneficial with bigger purchases, such as for a room full of furniture or a suite of new appliances.
Keep in mind: You shouldn’t spend more than you’ve budgeted for or can comfortably pay off. After all, the best way to maximize any rewards or discounts is by paying off your card balance in full before you accrue any interest.
Top credit cards you can use instantly
Picking the ideal instant-use card depends on your specific financial needs and budget. Here are our top picks.
-
The Blue Cash Preferred® Card from American Express is a valuable card for everyday purchases on groceries, streaming, gas and transit. Members can earn a $250 statement credit after spending $3,000 in purchases within the first six months. The card also includes a 12-month 0 percent introductory offer for both purchases and balance transfers (18.74 percent to 29.74 percent variable APR after that).
Card details
- 6 percent cash back on U.S. supermarket purchases (up to $6,000 spent per year, then 1 percent).
- 6 percent cash back on select U.S. streaming subscriptions.
- 3 percent cash back at U.S. gas stations and on select transit purchases.
- 1 percent on all other purchases.
-
This instant-use card can make an ideal companion if you’re planning a last-minute road trip or stocking up on groceries. Or plan ahead and use the card for multiple purchases throughout the day while earning cash back in several popular categories.
-
You maximize cash back with the Bank of America® Customized Cash Rewards credit card by choosing from bonus spending categories, and you can change it up each month — all with no annual fee. The card comes with a $200 online cash rewards welcome offer after you spend $1,000 in purchases within the first 90 days of membership.
It also offers a 0 percent introductory APR for 15 billing cycles on purchases and on balance transfers made in the first 60 days (with a 18.74 percent to 28.74 percent variable APR after that). The card charges a relatively low balance transfer fee, too, of 3 percent for the first 60 days, after which the fee jumps to 4 percent. These financing features, plus instant-use availability, make it a super choice for planned large purchases.
Card details
- 3 percent cash back on qualifying category of choice: gas or EV charging stations, online shopping (plus cable, streaming, internet and phone services), dining, travel, drugstore or home improvement.
- 2 percent cash back at grocery stores and wholesale clubs (3 percent and 2 percent earning in on the first $2,500 in combined spending each quarter, then 1 percent).
- 1 percent on all other purchases.
-
If you know you have a large expense and it matches one of the higher-earning categories, such as a travel reservation or online purchase, then you can use this card to maximize rewards potential and use the introductory offer to stretch out payments, if needed.
-
The Prime Visa* card offers serious cash back potential for Amazon shoppers with no annual fee. It also makes an ideal travel companion since it doesn’t charge foreign transaction fees and it comes with travel protections and Visa Signature benefits including Luxury Hotel Collection perks and concierge services. Amazon Prime members may also qualify for a $100 Amazon Gift Card instantly upon approval.
Card details
- Prime Card Bonus: Earn 10 percent back or more on a rotating selection of items and categories on Amazon.com with an eligible Prime membership.
- 5 percent cash back on all Amazon, Amazon Fresh, Audible, Whole Foods and Chase Travel purchases.
- 2 percent cash back at restaurants, gas stations and on local transit.
- 1 percent on all other purchases.
-
Use this card instantly for your larger purchases on Amazon to maximize your cash back earnings.
Which card issuers offer instant-use credit cards?
Some credit card issuers make it easy to use your credit card right away, while others either offer instant-use cards for specific cards or for none at all.
| Issuer | Cards offering instant use | Additional notes |
|---|---|---|
| American Express | All American Express cards | Available for eligible customers only, authenticated through security questions |
| Bank of America | All Bank of America credit cards | Instant card added as part of your mobile wallet and available only if you apply through the mobile app |
| Barclays | Several co-branded airline or travel cards, including the Hawaiian Airlines® World Elite Mastercard®* and the Frontier Airlines World Mastercard®* | Confirm instant-use availability with each Barclay credit card |
| Capital One | All Capital One credit cards | Confirm instant-use availability with each Capital One credit card |
| Chase | Hotel, airline and Amazon co-branded cards | Instant-use credit card number provided by Chase directly to the partner brand, such as Amazon or Southwest Airlines |
| Citi | Some store cards or airline cards eligible, such as the Costco Anywhere Visa® Card by Citi* or the co-branded American Airlines cards | Confirm instant-use availability with each Citi credit card |
| Discover | Discover it® Cash Back, Discover it® Miles and Discover it® Chrome | Confirm instant-use availability with each Discover credit card |
| Goldman Sachs | Apple Card* only | N/A |
| Wells Fargo | Not available | N/A |
The bottom line
Approval for a traditional credit card often means waiting for up to 10 business days before you can receive and use a physical card. Yet many card issuers are offering a way around the wait with instant-use credit cards that allow you to use your account and take advantage of cardholder benefits right away. American Express, Bank of America and Capital One are issuers offering instant use for all of their consumer cards, while other issuers pick and choose the cards — and even applicants — eligible for this convenience.
Information about the Bank of America products in this article was last updated on Oct. 2, 2024.
*Information about the Hawaiian Airlines® World Elite Mastercard®, Frontier Airlines World Mastercard®, Prime Visa, Costco Anywhere Visa® Card by Citi and Apple Card has been collected independently by Bankrate. Card details have not been reviewed or approved by the card issuer.
Read the full article here
