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Compare instant approval credit cards in Canada

Looking for credit cards in Canada with instant approval? Apply quickly for these cards online and get approved in 60 seconds or less.

When you apply online in Canada for a credit card with instant approval, you can be approved in under a minute. If approved, you’ll get an email within a few minutes of completing your application congratulating you on your new credit card. Some of these instant approval credit cards even allow users to begin transacting instantly, allowing you to use online payment methods, such as Apple Pay, within seconds of being approved. Once approved, you’ll typically receive your card in the mail within 1 to 2 weeks.

Compare popular credit cards in Canada with instant approval and learn the 4 easy steps to easily apply for an instant approval credit card in Canada in our guide below.

8 credit cards in Canada with instant approval in 60 seconds or less

Card NameInstant ApprovalMinimum Credit Score
RBC Cash Back MastercardRBC Cash Back Mastercardcheck mark650
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Neo credit cardNeo Credit Mastercardcheck mark600
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BMO CashBack MastercardBMO CashBack Mastercardcheck mark660
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AMEX cobalt credit cardAmerican Express Cobalt Cardcheck mark700
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Tangerine Money Back Credit CardTangerine Money-Back Credit Cardcheck mark600
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Tangerine World MastercardTangerine World Mastercardcheck mark600
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td rewards visa credit cardTD Rewards Visa Cardcheck mark600 (typically)
CIBC Aeroplan Visa Credit CardCIBC Aeroplan Visa Cardcheck mark600 (typically)

What are credit cards with instant approval?

An instant approval credit card has an application that returns a decision within a few minutes or less. Typically these are some of the easiest credit cards to get approved for in Canada. Applications are online and usually take around 10 minutes to complete.

Credit cards with instant approval are mostly aimed at those with good to excellent credit scores. Even if you meet the basic eligibility requirements and have an excellent credit score, there are a number of reasons your application may be declined. An instant approval credit card in Canada doesn’t mean your approval is guaranteed.

Is instant approval credit cards with instant use in Canada?

Yes, some cards, such as the Brim Financial Mastercard, act like an instant use credit card and allow users to begin transacting through Apple Pay within seconds of being approved. For more information, click on the Brim Mastercard review above.

How do I qualify for credit cards with instant approval?

While it varies between credit cards, you’ll typically need to meet the certain requirements to qualify for instant approval credit cards in Canada. Beyond being a Canadian citizen or permanent resident and being old enough to apply (at least the age of majority in your province or territory), you’ll also need to have some form of valid income and meet a minimum credit score threshold set by the credit card provider.

How do credit cards with instant approval work in Canada?

After you apply for a credit card online, the credit card provider will access your credit history report from one of the online national credit bureaus – Equifax or TransUnion. The provider’s algorithm will then almost instantly calculate whether or not you’re approved using the information on your credit report based on its eligibility requirements.

It’s only when there’s an issue with your application or credit history that it might take longer than 60 seconds for the issuer to process.

Applying online for credit cards with instant approval also has some security benefits. Your application will be protected by 128-bit encryption and an online application is easier to track, reducing the chance of lost documents.

Like any other credit card application, though, your approval will depend on your credit history, income and the information you included in your application.

Which bank gives instant card approval?

Both traditional and digital banks offer credit cards with instant approval including, TD, RBC, BMO, Tangerine and Neo Financial, along with more alternative financial institutions like PC Financial and Canadian Tire.

The reason some banks do not offer instant approval credit cards is because certain technology has to be in place for you to get an almost-instant reply on your credit card application — and not all banks in Canada have invested in these security measures.

Compare more credit cards with instant approval

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Up to 5% cash back
19.99% - 29.99%
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at partner stores and at least 1% cashback guaranteed.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived by your first anniversary.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.

Issuers that offer credit cards with instant approval in Canada

Here are some of the main providers in Canada that offer instant credit card approval:

What is the easiest credit card to get in Canada?

The easiest credit card to get in Canada is a secured credit card like the Neo Secured Mastercard, which offers guaranteed approval, no hard credit check and no required credit score. Secured credit cards are less risky for card providers, so these cards are designed for easier approval.

As for unsecured credit cards, as long as you can meet some basic eligibility requirements (inlcuding a credit score of around 600 or higher), you have far more options for easy credit card approval in Canada. Consider cards like the RBC Cash Back Mastercard, the Tangerine Money-Back Credit Card and more outlined here.

Can I get instant approval unsecured credit cards for bad credit in Canada?

If you have a bad credit score, you won’t likely get approved for an unsecured instant approval credit card. The lowest credit score required for most unsecured credit cards in Canada is 600. Below that, you’ll have a much higher chance of approval with a secured card, like the Neo Secured Mastercard.

If you’re credit score is around 600, consider instant approval unsecured cards like the Tangerine Money-Back Credit Card or the Neo Credit Mastercard.

Can I get guaranteed approval credit cards in Canada?

You’ll usually only find legitimate guaranteed approval offers in Canada for secured credit cards, like the Neo Secured Mastercard. Since customers have to secure the credit card with funds before using it, much of the risk to credit card providers is automatically lessened. These cards are often designed to help you build up your credit score. Unsecured credit cards in Canada will not typically come with guaranteed approval.

Can I get instant approval credit cards with no credit check?

Each time you apply for a credit card, the lender checks your credit score as part of your application process. The lender needs to know if you are a trustworthy borrower and your credit score and history are the biggest indicators of that. Unfortunately, you can’t avoid a credit check when applying for an unsecured credit card unless you apply for a second card with the same provider.

Alternatively, certain secured credit cards in Canada offer instant approval and no hard credit check, like the Neo Secured Mastercard, to help you more easily build up your credit.

How to apply for an instant approval credit card in Canada in 4 steps

To improve your chances of getting credit cards with instant approval, there are a few steps you’ll need to take to make sure you’ve completed your application properly.

Step 1. Compare your options

You can apply for most instant approval credit cards online, and get approved within 60 seconds, so it’s important to compare your options before applying. Rather than basing your decision on the fact that you could potentially receive approval within 60 seconds, make sure to consider the following:

  • Fees. Annual, foreign transaction, balance transfer, late and returned payment fees should all be taken into consideration.
  • Rates. Check the APR for purchases, cash advances and balance transfers before settling on a card.
  • Features. Rewards programs, balance transfer offers, signup bonuses, complimentary insurance and purchase protection are just a few benefits to take into account when comparing your options.

Make sure you can afford the card and that it offers the extra features you need to manage your credit.

Step 2. Check the eligibility requirements

While you could receive approval within 60 seconds, you won’t receive approval at all if you don’t meet the eligibility requirements. Some of the criteria you’ll be expected to meet include:

  • Good credit history. Most banks only accept applicants who have a good credit history with no evidence of defaults.
  • Residential status. Depending on the card, you might only be able to apply if you’re a Canadian citizen or a permanent resident. Some banks do offer cards to temporary residents.
  • Age. You’ll need to be at least 18 years of age, or the age of majority in your province or territory.
  • Income. You’ll need to meet a minimum income requirement to receive approval for the card. If you don’t meet the income requirement of a card, you might want to compare low-income credit cards for more choice.

Step 3. Collect the necessary documents and information

When you apply for a credit card online, you’ll be required to attach a number of documents and provide some personal information to receive instant approval. Some of the personal information you’ll need to provide includes:

  • Proof of identity. You’ll be asked to provide proof of your identity such as your drivers license or SIN number.
  • Personal details. You’ll need to provide your full name, residential address and contact details.
  • Employment and income. You’ll need to provide proof of employment and income, including the details of your employer and recent pay slips. If you’re self-employed, you’ll need to provide your accountant’s details and if you’re retired, you’ll need to provide evidence of your pension and OAS payments or assets.
  • Balance transfer details. If you’re applying for a balance transfer, you’ll need to provide the details of your existing accounts and the amount you’re transferring during the application.

To ensure a smooth and quick application process, make sure you have these details on hand before you begin your application.

Step 4. Apply online

Once you’ve compared your options, made sure you meet the eligibility criteria and organized the necessary documents, you can select the ‘Go to Site’ button to begin your secure online application. This should only take around 10 minutes if you have all of the relevant details handy.

Once you’ve submitted your application, you should receive your response within 60 seconds. You’ll either be approved, rejected or, if the bank needs to investigate a detail of your application in further detail, left pending.

What do you need to apply for a credit card with easy approval?

Once you’ve compared different credit card options, you can apply for a credit card online. Before you apply, be sure you meet the eligibility requirements and have the relevant documents on hand.

Eligibility criteria

Although it can vary between different credit card providers, to apply—even for some of the easiest credit cards to get approved for in Canada, you would usually have to meet the following eligibility criteria:

  • Be 18 years old or the age of majority in your province or territory
  • Be a Canadian citizen or a permanent resident with a valid Canadian address
  • Have a regular source of income
  • Have a good credit history, which is usually a score of 650 or higher

Necessary documents and information

You also need to provide different types of information, which could include the following:

  • Your full name, date of birth and details from your Canadian driver’s license or government-issued ID
  • Your Canadian address, email address and phone number
  • Your employer’s name, phone number and address
  • Some credit card providers require a social insurance number (SIN)
  • Details of your income and expenses including a recent paycheque or bank statement

What to do if your instant approval credit card application is declined

If your application for an instant approval credit card is rejected, you shouldn’t apply for another credit card straight away. Applying for several credit cards in a short period and having rejected applications on your credit file can further damage your credit score. Instead, you might want to try the following:

  1. Review the card’s eligibility requirements to see if there are any immediately obvious areas where your application could have fallen short.
  2. Review your credit report to check for any errors. If you find any errors, follow these steps to have them corrected.
  3. Contact the provider if you can’t narrow down the reasons why you weren’t approved.
  4. Spend time improving your credit history or comparing other credit cards.
  5. Apply for another credit card after a few months once you’ve improved your credit score.

Benefits of credit cards with instant approval in Canada

Getting an instant approval on your credit card in cases of emergency comes with benefits, such as:

  • Instant discount and rewards. Depending on the card you’re approved for, you can use the discount on your purchases or earn rewards before your physical card arrives.
  • Meet signup bonus requirements. If the card comes with a welcome offer, you get a chance to earn it early on.
  • Instant access to certain card features. For example, an instant access balance transfer card can let you consolidate your debt much faster.
  • Emergency credit line. This is helpful if you need to make a large purchase and you don’t have available credit on your other cards. Getting instant credit card numbers allows you to expand your credit card before getting your physical card. And if the card comes with a 0% intro APR period, you get an even higher value.
  • Suitable for low-income earners. Since people with low incomes don’t have too many options, this is one of the biggest advantages of credit cards with easy eligibility criteria. If you earn $12,000 a year or more, you can think about applying for a low-income credit card.
  • Keep expenses in check. One risk of getting a credit card is overspending. A typical low-income credit card comes with a low credit limit, ensuring that you don’t end up making excessive purchases.
  • Promotional interest rates. Certain low-income credit cards come with promotional interest rates that last for a specified period of time, usually between six to 12 months. These promotional rates normally apply only to balance transfers and prior debt, but some cards offer these rates on new purchases as well.

Drawbacks of instant approval credit cards

  • Paying high interest. Credit cards charge interest on purchases and cash advances, and these two interest rates sometimes differ. With a card that charges high interest, if you don’t pay your balance in full each month, you could end up paying a significant amount in interest.
  • Fees and charges. Depending on the credit card you choose, you might have to pay application fees and an annual fee for the card. Additionally, if you don’t make timely repayments, you will incur interest charges.
  • Temptation to spend. A credit card can free up your cash flow and help build your credit history. However, make sure you stick to a budget and avoid the temptation to use the card for purchases that you can’t afford to pay off. It can be exceptionally easy to spend money on plastic.

Which types of credit cards offer easy credit card approval?

Credit card eligibility requirements generally increase in demand with premium cards, like gold, black and platinum cards, that typically include more perks and benefits. That said, the following types of credit cards may have lower requirements for a successful application, and will be easy credit cards to get in Canada:

  • Low income credit cards. Your annual income plays an important role in the credit card you can apply for. Low-income credit cards, as their name implies, have low minimum income requirements, which usually sit around $12,000 a year. Keep in mind, even these card providers will delve into your credit history.
  • Low rate cards. If you plan to carry a balance on your credit card, getting a card with a low-interest rate could help keep costs down when compared to other options. A typical low interest rate card would not offer extras like concierge access and complimentary insurances, but it would offer all basic features you can expect from a credit card like fraud protection.
  • Low credit limit credit cards. Cards with stricter eligibility criteria usually offer more features and higher credit limits, but if you have a low income, lower credit limits that normally start around $500 generally apply.
  • Joint account cards. If you don’t earn enough to apply for a credit card, you can consider applying for one as a joint applicant, by combining your income with your partner’s income. If your partner has an existing credit card, you can even think about getting an additional card linked to their account.
  • Low annual fee cards. Annual fees on credit cards vary, but cards with low fees are likely to have fewer extra features and usually have lower income requirements and more lenient eligibility criteria.

Looking for other easy instant approval cards? Consider prepaid cards

A prepaid card works similar to a debit card in that it requires that you first load money onto the card before you can start spending. Prepaid cards are re-loadable cards that you can use for purchases wherever credit cards are accepted.

Since your credit score won’t be affected when you use a prepaid card, they are usually fairly quick and easy to apply for. You’ll also have some of the same conveniences that using a major credit card offers such as earning cash back rewards.

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Name Product Monthly Fee Cost per transaction Foreign transaction fee Rewards Feature
EQ Bank Card
0.5% cash back
Get 2.50% – 4.00% interest on your money and get 0.5% CashBack on every purchase.

Bottom line

When you’re looking for the easiest credit card to get approved for in Canada, you do have options. Applying for credit cards with instant approval is the fastest way to apply for a credit card online and get a credit card sooner. As instant approval credit cards still require you to meet the relevant eligibility requirements, it’s important to compare your options and prepare your application before submitting it to improve your chances of approval.

FAQs about credit cards in Canada with instant approval

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