Chase Instant Approval Credit Cards

With Chase Instant Approval Credit Cards, many Americans are still receiving the credit they desire. The best rates are still reserved for those that have always paid their bills on time and have a good debt to income ratio. Because of the recent financial recession, the credit score of an individual has to be higher than before to receive the best rates.

Before the recession, credit scores in the 600s were high enough to receive the best rates. This has changed and now your credit score should be above 700 to receive the best rates. Chase is still offering many applicants instant approval and a 0% introductory rate for the first 12 billing cycles.

After the introductory period in the past, those with good credit could have expected an interest rate as low as 3.99%. Those days are behind us now, with President Obama demanding that all financial institutions that took part in the financial bailout pay back every dollar they took. Those rates are not likely to return any time soon.

At this point in time, Chase is offering their elite customers or those with the best credit score an interest rate of the prime rate plus 9.99%. Those that fall into the premium category, the rates are the Prime Rate plus 13.99%, and the standard rate is the Prime rate plus 18.99%. These rates are one of the ways Chase is going to pay back the government for bailing them out.

With interest rates this high, it is advisable to choose the card that has rewards that you can actually use and benefit from. Chase Online Banking is still a safe and secure way for you to conduct your banking and credit needs.

The Chase Instant Approval Credit Cards are still available of which many people will qualify.