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Looking for credit cards with instant approval in Canada? Below is a list of credit cards you can apply for online or at a retail store and get approved in minutes.
Upgrade Credit Card Pre Approval
Getting a new credit card can involve a long process, filling out many forms, and waiting a long time to find out if your application has been approved.
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If you are impatient and want to know immediately whether your credit card application is successful or not, an instant approval credit card is a great choice.
Instant approval credit cards are credit cards that you can apply for and get confirmation that you’ve been approved within minutes.
Typically, you submit an online application on the issuers’ website after answering standard questions about your identity, address, etc. And they let you know almost immediately if your application has been approved.
Alternatively, if it’s a retail store instant approval credit card, you can apply for it in person while making a purchase at the store.
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In some cases, you can start making purchases with a virtual card version of a credit card while waiting for a physical card.
Note that a quick approval credit card doesn’t mean you’re guaranteed approval… you just need to meet the bank’s eligibility requirements.
If your credit score is in the excellent category, most credit applications are a breeze. That said, you can easily qualify for a credit card even if you have bad credit.
This card only requires a credit score of 600, and you can be approved instantly if you also meet the minimum income requirement of $12,000 or more.
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Rewards: Earn up to 2% unlimited cashback across 3 spending categories and up to 0.50% on all other purchases.
Welcome Offer: Get an extra 15% cashback on up to $1,000 spent in the first 2 months ($150 value).
The card also offers purchase security and extended warranty insurance coverage. If you have an annual income of $60,000 or more, you can also opt for the Tangerine World Mastercard.
A regular Neo Mastercard has no annual fee, and you can qualify for it with a low credit score (600+). It also offers quick approval if you meet the basic eligibility requirements.
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Rewards: Average 5% cashback on 10,000 partners and minimum 0.50% cashback on all purchases
You can link your Neo Card account with its savings product and earn 1.30% interest on your savings account balance.
If you’re a regular customer of Canadian Tire and its affiliated stores (Mark’s, Sport Chek, etc.), the Triangle Mastercard may be worth your time.
Rewards: Earn 1.5% back in CT Money on grocery purchases. 4% on purchases at Canadian Tire (and affiliated stores); and more. Welcome Offer: N/A
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If you have an income of at least $80,000, you can also apply for the premium version of the card – the Triangle World Elite Mastercard.
The American Express Cobalt Card offers quick approval if you have a good credit score. This is a premium card that will set you back $12.99 per month. That said, it also comes with several perks.
Rewards: Earn 5x points per $1 spent on food and beverages. 3x points on streaming subscriptions; 2x points on travel; 1x points everywhere.
Amex Cobalt also offers comprehensive travel insurance benefits, mobile device insurance, purchase protection, extended warranty benefits, and more.
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Rewards: Get 1% cashback on grocery and bill payments. Up to 5% cashback on select partners; Earn interest on your balance*.
Welcome Offer: Get a $20 bonus on loading and making your first purchase (use promo code Cashback during signup).
The KOHO MasterCard is an instant approval prepaid credit card. You can qualify for this card even if you have bad credit, and once approved, a virtual card is available in the app for you to start using immediately.
Although it’s a prepaid card, you can use it to build or rebuild your credit score by subscribing to KOHO’s credit building service.
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Other KOHO Card benefits include early payroll access (when you set up direct deposits), unlimited debit transactions and Interac e-transfers, budgeting tools, and more.
The SimplyCash Card from American Express is an advanced flat rate cash back card. Like the other AMEX cards on this list, you can get approved quickly.
Rewards & Benefits: Get up to 2% cash back on gas and groceries. 1.25% cashback on all other purchases; Travel Accident Insurance.
Welcome Offer: Get a $10 statement credit every month you spend $300 in purchases on your card in the first 10 months (up to a $100 value).
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You can increase your cash back earnings and get comprehensive travel insurance if you apply for the SimplyCash Preferred Card from AMEX.
Easily qualify and get instant approval for a Scotiabank Gold American Express Card with an average credit score.
Rewards: Earn 5x Sen+ points/$1 on restaurants, food delivery, and groceries (up to 6x at some stores); 3x points/$1 in gas and travel; 1x points/$1 everything else.
This card is one of the few credit cards that waive foreign transaction fees in Canada. It also provides:
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For a secure quick approval credit card, you can try the Plastk Secured Credit Card. It combines credit building with access to rewards on your spending.
The minimum security deposit is $300 and you may qualify for a credit limit of up to $10,000. Learn more in this review.
Loblaw’s President’s Choice Bank offers one of the best fast approval credit cards through a retail store in Canada.
Rewards: 25 points/$1 at Shoppers Drug Mart, 10 points/$1 at Loblaw Banner grocery stores; 30 points/liter gas on Esso/Mobile etc.
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If your personal annual income is up to $80,000, you can also qualify for premium PC cards and enjoy more rewards.
If you regularly carry credit card balances, the BMO Preferred Rate MasterCard can help you save on interest fees.
11. BMO Cashback MasterCard: This card offers a decent cashback earning rate and is easy to qualify for.
12. Brim Financial Mastercard: Brim Mastercard is a no-fee cashback card. You can also opt for Premium World and World Elite.
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13. Scotiabank SCENE Visa Card: The SCENE Visa is perfect for students and individuals with limited credit history or scores.
Even if you’re a student, you can easily qualify for a credit card with low income and credit score requirements.
Store credit cards are usually easy to qualify for. They can also save you on hefty annual fees.
If a bad credit rating makes it difficult for you to qualify for a credit card, these cards may be approved:
Credit Card Faq
For Plastk and Capital One, you need to provide collateral (security deposit). Both KOHO and STACK are prepaid cards.
Many of the top banks and credit card companies in Canada offer instant approval, including RBC, BMO, Scotiabank, CIBC, American Express, and TD.
This will depend on your credit score and whether you meet the basic eligibility requirements for the card. The Tangerine Money Back credit card has a low barrier and is one of the easiest cards to get. You may qualify with a low credit score (600+).
Most instant approval credit cards can still take 1-2 weeks to arrive in the mail. With the KOHO Prepaid Visa, you get access to the virtual card immediately after your application is approved. You can use the card to make payments and add it to Apple Pay or Google Pay while you wait for the physical card to arrive.
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Enoch Omololo is a personal finance expert and veterinarian. He holds a Master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He has also done M.Sc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or featured in The Globe and Mail, Winnipeg Free Press, Wealth Simple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. Reference is made. You can learn more about it on the About page.
Its top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.
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