Best Instant Approval Credit Cards in 2022

Credit cards have earned their rightful name for aiding users with the much-needed flexibility at the time of payments with their credit limit. They are having your payments handled for you, besides providing you a month, isn’t that interesting? Here we discussed the Best Instant Approval Credit Cards in 2022.

Let’s have a look at what exactly this tool helps individuals in mastering the art of finance.

What is a credit card?

A credit card is a tool issued by financial institutions, allowing the users to borrow funds (based on a pre-approved limit), allowing them to pay for their expenses without paying the actual cash. Credit cards have earned their recognition as they enable easy purchases and give you a month’s limit to repay the due bill. 

However, the due limit of a credit card is decided by the financial institution that lends it. Further, it is based on credit score and history. The higher the score, the better is the allowance of credit cards. 

Interestingly, the improvement in customer service has changed the ways around which financial institutions offer credit cards. Now, you can receive your credit cards without worrying about the waiting period that is generally taken between the period of application and receiving your card. Moreover, these credit cards also allow instant access to all the functionalities and take advantage of a 0% APR offer. 

Instant Approval Credit Cards

There are a vast number of credit cards that offer you instant credit card approval, and we have done our bit by curating a list of some of them to make 2022 better for you!

Here’s a list of the following:

1. Citi Double Cash Card – 

The Citi Double Cash Card is unlike any other card, provided with some exciting cashback offers. This card comes with a great introductory offer, allowing you to make a preliminary 18-month request over which users need to pay 0% interest for the suggested time period for balance transfers. Further, there is no traditional rewards bonus, as some might expect. 

However, the card is a great option to help you pay out interest on a large balance if it is carried on another card. Further, users of the Citi Double Cash card can earn 1% cashback on every spend. Additionally, cardholders also earn 2% cashback on every purchase that they make using this card. 

Annual Fee: 0 (for the first 18 months)

Credit Requirement: Excellent

Best For: Daily use 

2. SBI Simply SAVE Credit Card – Instant Use Credit Card

The SBI Simply SAVE Credit Card is another excellent option that you can consider for 2021. This card allows a rewards bonus of 1 point for every INR that is spent. First, the credit card allows its users to earn a 2000 bonus reward when they have successfully spent INR 2,000, within 60 days from the card issued.

The SBI Simply SAVE Credit Card is good to use for every segment of the Indian shoppers, allowing them to access savings over every purchase that they make. Moreover, the accelerated rewards initiate a seamless experience over miscellaneous spend besides giving them a chance to waive the fee.

Some of its features are:

• One of the best reward structures, allowing users to earn 10X rewards for every INR 100 spent on miscellaneous services, including the likes of groceries, movies, and departmental stores. 
• The SBI Simply SAVE allows annual fee reversal if the user can spend INR 90,000 over a span of a year.
• Users can quickly get a fuel surcharge waiver if they opt for refilling their fuel and making transactions between INR 500-3,000.

Annual Fee – INR 499

Credit Requirement: Excellent

Best For: Daily use 

3. American Express Membership Rewards Credit Card

Another great option of a credit card that allows users to make use of the collective 4,000 and 5,000 bonus membership reward points made available to them on the instances of joining and renewal. The users’ high points make it one of the best and fairly demanded credit cards for the users who love getting rewards every time they swipe their credit cards.

The accelerated reward that the users receive on every spend makes the credit card a go-to option for every type. Further, the redemption of rewards over all the different gift vouchers that the users get from the leading brands makes this card more attractive. Additionally, this card also provides discounts on both flights and hotel stays, either domestic or international.

Some of its features are:

• 4,000 and 5,000 bonus points as a reward for welcome and renewal gift. 
• 1,000 reward points as a bonus membership on four purchases, totaling INR 1,000 or above 
• Attractive redemption on 18 Karat and 24 Karat gold purchase
• Discounted rates on hotel and flight booking, both national and international

Annual Fee – INR 4,500

Credit Requirement: Excellent

Best For: Making limited purchases 

Read Also: American Express Cards’ Spending Limits

4. ICICI HPCL Coral Credit Card

One of the most prominent bank offerings, the Coral Credit Card by ICICI, is very renowned. The card offers two payback points every time the users spend INR 100 purchasing or paying for something, excluding the fuel refill. However, ICICI allows users to redeem their payback points, once it has amassed 2,000 points, to refill a fuel purchase worth INR 500.

One of the many reasons to consider applying for this instantly approved credit card from ICICI is that it allows easy redemption and surcharge waiver when opting for fuel refills. Further, its additional discounts and rewards on retail spend make it a likable option.

Some of its features are:

• Minimum 2.5% cashback, every time INR 500 is spent
• 1% surcharge waiver on using this card for fuel refill
• The discount of 15% at dinners of up to 800 restaurants
• Easy INR 100 discount on booking tickets at BookMyShow

Annual Fee – INR 199

Credit Requirement: Average credit score

Best For: Purchasing fuels

5. HDFC MoneyBack Credit Card

The HDFC Money-Back Credit card is your safe bet at receiving instant cashback on money spent in the form of reward points. This card is of good use as it offers 500 Cash Points while payment of membership fee (499 being the fee itself). Further, users can also get their fee waived off if they spend above INR 50,000 in the first year.

This card also provides an easy EMI facility and provides INR 2,000 worth of vouchers in a year.

Some of its features are:

• Two points, every time you spend INR 150.
• Up to 2X Reward Points every time you spend money.
• Discount on booking of restaurants

Annual Fee – INR 499

Credit Requirement: Average credit score

Best For Everyday purchases 

Conclusion:

Credit cards are one of the best money management tools if you know how to use your money wisely. However, when you have a clear idea of the types of available cards and the ones you want, you will have a smart way of saving money while spending on all the desired necessities. 

Lastly, it is always advisable not to use your credit card for withdrawing cash and keep it securely. 

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