American Express promises that you’ll “get a decision in as little as 60 seconds” on most of its credit cards, so if you’re looking for a good instant approval cash back credit card, the Blue Cash Everyday card could be the one for you.
The Blue Cash Everyday offers you:
- 3% cash back on purchases at U.S. supermarkets (up to $6000 in such purchases annually; after that, it’s 1% on these purchases)
- 2% cash back on gas station purchases
- 2% on many department store purchases, including at Kohl’s, Macy’s, JCPenney, etc., but not at Target or Walmart.
- 1% cash back on all other purchases
(See here for more detail on which purchases qualify for larger cash back percentages.)
You can also get an extra $100 cash back if you use the Blue Cash Everyday card for at least $1000 in purchases in the first 3 months you have it.
Your cash back comes in the form of statement credits that offset your card purchases. For example, if you have earned $20 cash back, it could be used to reduce your card balance from $300 to $280.
There is no annual fee for the card, and it offers an interest rate as low as 13.74% but also as high as 23.74%. The better your credit history, the better chance you have of being instantly approved at the lowest rate.