7 Best Instant Approval Credit Cards In Canada

In the dynamic landscape of personal finance, having access to credit when you need it most can be a game-changer. Whether it’s seizing an unexpected opportunity, covering unforeseen expenses, or simply enjoying the convenience of cashless transactions, credit cards are versatile financial tools. And when time is of the essence, instant approval credit cards emerge as the heroes of financial flexibility.

In this comprehensive guide, we’ll walk you through the realm of credit cards that offer the perfect blend of speed, convenience, and security. These credit cards are designed for those who appreciate efficiency and don’t want to endure the waiting game that traditional credit card applications often entail.

In the vast landscape of Canadian credit options, finding the ideal credit card can feel like searching for a needle in a haystack. But fret not, for we’ve done the research for you. Our mission is to demystify instant approval credit cards and empower you with the knowledge needed to make an informed financial choice. Whether you’re an experienced cardholder or someone new to the world of credit, this guide is your passport to discovering secure and convenient credit card options.

Join us as we unveil the top instant approval credit cards available in Canada. Each card boasts its unique set of benefits, from cashback rewards to low-interest rates and beyond. Your financial journey is about to take a thrilling turn, where security and convenience unite in the realm of credit cards. Let’s embark on this exciting adventure together and uncover the perfect instant approval credit card that aligns with your financial aspirations and lifestyle.

Best Instant Approval Credit Cards In Canada

What Are Instant Approval Credit Cards?

Instant acceptance credit cards are a form of credit card that automatically approves (or declines) credit card applications (or within a brief timeframe).

These cards are typically divided into two categories: premium instant approval cards, which have high credit score requirements and annual fees, and no-fee instant approval cards (similar to secured credit cards), which have low-to-no credit score requirements and generally require a security deposit.

Premium rapid acceptance cards have an average annual charge of $120-$150, and there are good alternatives if you want cash back or travel credit cards with exceptional advantages.

Score requirements begin at 660 and can reach 760. On the other hand, secured and no-fee cards that give rapid approval have minimal bonuses and privileges, and we can only suggest them if you have a low credit score. Otherwise, a credit card with more excellent criteria and better rewards is preferable.

How to Choose an Instant Approval Credit Card

Instant approval credit cards are conventional credit cards with the added benefit of being able to approve your application immediately.

Annual Charge

The annual fee is one of the first things to consider when shopping for a credit card. Depending on your purchasing patterns and the card type, the yearly cost may outweigh all the perks you would otherwise receive.

In general, paying a more excellent yearly price results in more value incentives, but you must still plan carefully to get the most out of it.

For example, if you’re considering getting a cash-back card, ensure you’ll earn more than the annual fee. The same is valid with travel credit cards; if you don’t use the rewards, they may expire, adding no value to your investment.

Rates of Interest

Another essential consideration is interest rates; exploring a low-interest credit card may be worthwhile if you frequently fall behind on credit card payments. The average credit card interest rate is 19.99%, which may quickly erase the benefits if you often skip payments.

Promotional Rates And A Welcome Bonus

The majority of credit cards in Canada include a welcome bonus or special rates. Welcome bonuses are one-time benefits for new cardholders; they can take the shape of travel miles for travel credit cards or increased cash-back rates for the first couple of months for cash-back credit cards.

In certain situations, signing up for credit cards may be worthwhile, taking advantage of introductory incentives and switching to a different one.

How To Apply For A Canadian Instant Approval Credit Card

Before applying for immediate approval credit care, here are a few things to consider.

First, quick approval credit cards are just standard cards with the potential of fast approval – provided all conditions are met. What you should pay attention to is as follows:


The majority age in Canada is the minimum age required to apply for a credit card. However, they can be added as authorized users to one of their parents’ or guardians’ credit cards. Teens under that age are not eligible for credit card approval.

As a point of comparison, the majority population of Saskatchewan, Manitoba, Ontario, Quebec, Prince Edward Island, and Alberta is 18.

Evidence Of Identity

You will be requested to provide identification. In this step, you can give a photo of your Canadian passport, a driver’s license, a military ID, or an employee identification issued by the federal government.

Residency Status

Residents, workers, and citizens of Canada have access to Canadian credit cards. If neither applies to you, you must create an account with Equifax or TransUnion to furnish your credit score details when applying for a quick approval credit card.

You might also need to go to a bank office for further information.

Start with cards with fewer restrictions if you don’t yet have a credit score, such as prepaid or secured credit cards.

Credit Rating

A decent to exceptional credit score is necessary for instant acceptance of credit cards in Canada, with a typical minimum of 725.

The likelihood that your application will be allowed increases with your credit score, but regardless of whether your application is granted, you will get the result in only a few minutes.

7 Best Instant Approval Credit Cards In Canada

Many fantastic immediate approval credit cards are available, but some stand out due to their outstanding rewards, enticing introductory bonuses, and discounted cash-back rates.

1.  BMO Ascend World Elite Mastercard

With an annual charge of $150, the BMO Ascend World Elite Mastercard is a high-end travel card (waived for the first year for new cardholders).

You must have a credit score of at least 760 and an annual income of $80,000 or more to be eligible to apply for this card. It includes medical insurance, a complimentary Mastercard Travel Pass subscription, and other benefits.


  • Bonus welcome points of 70,000
  • For each $1 spent on qualified travel purchases, earn 5 BMO Rewards points.
  • Free subscription to Mastercard Travel Pass (4 free passes each year) and BMO Concierge services
  • Spend $1 on meals, entertainment, and recurring payments to get 3 BMO Rewards points.
  • The first year’s annual charge is entirely waived.
  • Up to $2 million in full travel and health insurance


  • Need an $80,000 minimum yearly income.
  • Need a very high credit score (760+).


  • Earn 70,000 points throughout your first year as a welcome bonus.
  • Waived during the first year of the annual charge
  • Membership in the Mastercard Travel Pass
  • Use your points to pay for all taxes and flying costs.
  • Access to Mastercard Travel Rewards and BMO Concierge services when overseas

2.  TD Aeroplan Visa Infinite Card

Compared to other credit cards, the annual cost of $139 is a bit expensive, but it is more than offset by excellent bonuses and advantages and a first year that is entirely free.

Additionally, it comes with 50,000 Aeroplan points. You may earn an extra 20,000 points after spending $1,500 in the first 90 days and $7,500 in the first 12 months after creating your account.

You may accumulate points with the TD Aeroplan Visa Infinite Card by using it to make purchases. You will receive 1.5 Aeroplan points for every dollar spent on Air Canada; this rate also applies to grocery and gas purchases. On all other purchases, get one point.


  • When you make your first purchase, you will earn a welcome bonus of 10,000 Aeroplan points.
  • Spend $1,500 within 90 days and receive 20,000 extra Aeroplan points.
  • Spend $7,500 within 12 months and receive a welcome bonus of 20,000 Aeroplan points.
  • There is no yearly cost for the first year.
  • Emergency Road Services and a free membership to TD Auto Club
  • Visa Infinite Concierge service is available.


  • Bonus Welcome Points of 50,000
  • Spend $1 and get 1.5 Aeroplan points.
  • You’ll get twice as many points when you use your card to pay at more than 320 partner brands.
  • So long as your card is active, your Aeroplan points won’t expire.
  • Travel and health insurance coverage
  • Free concierge service


  • Need a strong credit rating (660+)
  • Requires a yearly minimum income of $60,000

3.  BMO AIR MILES World Elite Mastercard

A $120 yearly charge for the BMO AIR MILES World Elite Mastercard is optionally waived for the first year. You must make at least $150,000 per year in household income, at least $80,000 in annual revenue, and a credit score of 760 or higher to be eligible to apply for this card.

The standard point earning rate with the BMO AIR MILES World Elite Mastercard is 1 Mile for every $12 spent. Purchases of groceries and gas at participating stores earn three times as many miles (3 Miles for every $12 spent).


  • A welcome bonus of 3,000 AIR MILES is earned.
  • Membership with Mastercard Travel Pass is free.
  • 25% off on one yearly international AIR MILES flight
  • Access to BMO AIR MILES World Elite travel insurance, BMO concierge services, and more
  • When traveling and buying overseas, Mastercard Travel Rewards gives cash back.


  • 2k Air Miles
  • For every $12 spent, earn 1 AIR mile.
  • When you shop at certain partner stores, you’ll earn 3x the Miles.
  • Each year, one AIR MILES flight is discounted by 25%.
  • Travel and health insurance coverage
  • Free subscription to Mastercard Travel Pass


  • High credit score to qualify (at least 760)
  • Need an $80,000 minimum yearly income.

4.  American Express Platinum Card

With an annual fee of $699, the American Express Platinum Card is a premium credit card. To apply, you must have a credit score of at least 760 and be good.

With this card, you may earn three MR points for every dollar you spend on qualified dining and food delivery in Canada.


  • Spend $6,000 during your first three months to get 60,000 Membership Rewards points.
  • When you spend money between months 14 and 17 of card membership, you’ll accrue 20,000 Membership Rewards points.
  • Full access to the Centurion Lounge network, the Plaza Premium Lounges, the American Express Global Lounge Collection, and more
  • Use American Express Travel Online, the Flexible Points Travel Program, or the Fixed Points Travel Program to redeem your points.
  • Transfer your points to the following reward programs: Hertz, Avis, Radisson Hotel Group Americas, Marriott International, Hilton Hotels and Resorts


  • 80,000 bonus welcome points
  • Earn 3 MR points per $1 spent on eligible dining and food delivery in Canada
  • Earn 2 MR points for every $1 spent on eligible travel
  • Earn one MR point for each dollar spent on other purchases.
  • Worldwide access to more than 1,300 American Express lounges
  • MR points may be transferred between Aeroplan and Avios (1:1)
  • Travel and health insurance coverage
  • Emergency and travel accident insurance


  • High yearly cost
  • Need a strong credit rating (660+)

5.  American Express Aeroplan Reserve Card

The American Express Aeroplan Reserve Card is a premium travel credit card with an annual cost of $599 and a sign-up bonus of up to 85,000 Aeroplan points.

Spending $6,000 on the card during the first six months will get you 55,000 Aeroplan points. You will also receive an additional 5,000 points for every month you spend $1,000 or more (in the first 6 months).


  • Spend $6,000 in the first six months and receive a welcome bonus of 55,000 Aeroplan points.
  • If you spend at least $1,000 per month for the first six months, you’ll earn 30,000 bonus Aeroplan points (5,000 Aeroplan points per month)
  • 5% off at participating restaurants when you spend more than $15
  • Type of Hotel Room On the first and final nights, upgrade
  • When you spend more than $25,000 a year, you receive a Worldwide Companion Pass.


  • 85,000 welcome bonus points
  • When you spend money with Air Canada® and Air Canada Vacations, you earn three times as many points.
  • Priority boarding, bag handling, and check-in when flying Air Canada
  • 15% off parking fees for you and one guest. 
  • Access to the Air Canada Maple Leaf Lounges and Café.
  • You can earn three points for every dollar when you spend money with Air Canada and Air Canada Vacations.


  • High yearly cost
  • Only Aeroplan points can be accrued.

6.  MBNA Rewards World Elite Mastercard

The MBNA Rewards World Elite Mastercard has an annual charge of $120 + $50 for each additional cardholder. You must earn at least $80,000 per year or $150,000 per household to qualify for this card.

If you spend more than $2,000 within 90 days of opening your account, you can earn an extra $20,000 in addition to the 10,000 bonus points with this card. Additionally, if you sign up for paperless e-statements during that time, you will receive a bonus of 10,000 points.

Your reward points can be exchanged for gift cards, cash back, vacation, and other items. As long as your account is active, your points won’t ever expire, so you don’t need to worry about that.


  • After spending $2,000 during the first 90 days, receive 20,000 extra points as a welcome bonus.
  • Signing up for paperless e-statements during the first 90 days will receive 10,000 extra points as a welcome incentive.
  • Every year on your account anniversary, receive 10% more points.
  • Redeem your points for money back, gift cards, vacation, or other items.


  • Bonus welcome points of 30,000
  • Spending money on groceries, dining out, and utilities earn five points.
  • 10% of all the points you’ve made during the previous year is added as a birthday bonus each year (maximum 10,000)
  • Insurance for mobile devices and car rentals (up to $1,000)
  • purchased extended warranties
  • Travel and health insurance coverage


  • Need an $80,000 minimum yearly income.
  • High yearly cost

7.  American Express Cobalt Card

The American Express Cobalt Card is an expensive credit card with an annual charge of $156.

Because this card’s Membership Reward points may be swapped 1:1 with some top rewards programs, such as Aeroplan and the Marriott Bonvoy program, it stands out from the competition.

There are numerous ways to exchange points with the American Express Cobalt Card. You can now use them on credit statements, other eats & beverages, movie tickets, and streaming subscriptions.

You can also exchange your MR points for points from Aeroplan, Avianca LifeMiles, Hilton Honors, Choice Privileges, or Marriott Bonvoy.


  • Spend $6,000 over a year ($500/month) to receive a welcome bonus of 2,500 Membership Rewards points.
  • Statement credits of $300 for transactions made with your card
  • American Express Prepaid Cards are credited with $225.
  • American Express Experiences are available.
  • American Express Front Of The Line presales is available.


  • MR Bonus Points of 30,000
  • Earn 5 points for each dollar spent on qualified food and beverage items.
  • Points can be transferred 1:1 to other loyalty programs (Aeroplan, Marriot Bonvoy, and more)
  • Access to VIP seating and presale tickets for a few events via American Express’ Front Of The Line program.
  • Four complimentary visits to Plaza Premium Lounges and a $100 travel credit
  • Travel and health insurance coverage
  • Comparatively modest ($156) yearly fee


  • Needs a credit score of at least 660.

Read Also:

How To Get Instant Approval Virtual Credit Card With Instant Use

How To Build Credit Without A Credit Card (2022 Guide)

How To Accept Credit Card Payments In 7 Simple Ways


You have choices while seeking the Canadian credit card that is the simplest to be authorized for. The quickest method to apply for a credit card online and receive one sooner is with immediate approval credit cards to improve your chances of getting credit cards with speedy approval .

which still needs you to fulfill the necessary eligibility requirements compare your alternatives and get your application ready before submitting it.


What Is The Easiest Card To Get Approved?

  • Sable ONE Credit Card is a secured card.
  • Visa® Credit Card Petal® 2.
  • The Platinum Elite Mastercard® Secured Credit Card from First Progress.

Which Bank Can Give Instant Credit Cards?

  • HDFC Bank credit card with quick approval.
  • Bajaj Finserv RBL Bank super card.
  • Kotak 811 #Dream Different credit card.

Can I Get Approved For A Credit Card In One Day?

While it’s normal to get approved for a credit card on the same day if you apply online, you’ll usually have to wait another 7-10 business days before you can use it.

Can You Be Denied A Secured Credit Card?

Despite having the funds for a deposit, your credit profile may be regarded too hazardous by a lender, and you may be denied a secured card. Each lender or credit card company has criteria for an ideal borrower. This covers your credit score, income, and current and previous obligations.

What Is A Good Credit Score?

Although ranges differ based on the credit scoring methodology, credit scores ranging from 580 to 669 are typically regarded fair; 670 to 739 are considered good; 740 to 799 are considered very good; 800 and beyond are considered exceptional.

What Are The Two Requirements Needed To Obtain A Credit Card?

Age. It would help if you were older than 18 to open a credit card in your name.

Identification is required. In contrast, certain credit card companies may need evidence to establish your income and residency in the United States.

How Do I Know If I Will Be Approved For A Credit Card?

Your credit score is crucial in determining whether you will be accepted. If your credit score is good, you should be able to get a cheap interest rate and more significant bonuses. Only a card with a higher interest rate will be available if your credit score is low.

You can learn more from the video below:

About Author

Best Instant Approval Credit Cards In Canada
Lydia Alolade
I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.

Get Latest Market Updates!

Enter your name & email to get started!

We don’t spam! Read our privacy policy for more info.

Sharing is caring...

Leave a Comment