If you have a history of bad credit record, expect to have difficulty in applying for an instant approval bad credit card. While it is still possible to get approved when applying for such, the process will not be easy. You will still have to undergo the usual procedure and more often than not, you will not be given a reasonable credit limit. Moreover, having a bad record will most likely be a big obstacle when applying for the plastic. Still, it is possible to have an application approval on a case-to-case basis but instant approval cannot be expected. Instant credit card approval does not happen to people with unpleasant payment history.

Credit card companies and banks had established strict terms in the face of economic crisis and negative positioning of the banking and financial system in the year 2008. This would somehow shed some light as to why instant approvals cannot be expected by anyone – not even those who have managed to settle their debts in the past. Individuals who had a poor standing will definitely find it harder to apply and be approved for card applications and bank loans due to the changing policies of the issuers.

There are quite a number of risks associated with instant approval credit card applications on the part of the banks and the issuing companies. Instant approval and hassle-free application only happens to applicants with perfect to nearly perfect standing and history as well as those who are able to pay their bills and financial obligations in a timely manner.

Those have a bad credit score and history may impose risks to the bank. However, having a co-signer or guarantor may be helpful but still; this cannot guarantee an approval from the bank or issuer. Therefore, it is clear that the application for those who have a bad credit record is not feasible. Otherwise, certain restrictions and higher interest fees would be offered.