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If you are in a financial crisis pinching pennies, an instant unsecured credit card may be the answer to your problems. An instant decision unsecured loan will let you know immediately whether or not you are approved, and how much you are approved for. While you shouldn't put just any purchase on a credit card because of the interest and potential to sink your credit, there are a few reasons why you would you want to have an instant unsecured credit card at your disposal.
Car Repairs
If you've only got one vehicle and you rely on it to get back and forth to work, you may need to tap into that credit line to cover car repairs and maybe even a rental until the repairs are done. If you don't have any savings and can't arrange another ride to work or use public transportation to get to work, this is the only way to ensure you don't miss work and cause even more financial trouble. This will also help cover the cost of a flat tire or a tow to the nearest repair shop.
Home Repairs
Home ownership is a wonderful thing, until something breaks, and there's no savings available to fix it. Using a credit card will help get the repair done and allow you to pay for it when you can. You can even pay a company who comes to work on the house for you, with your credit card if you need to.
Emergency Travel Arrangements
If you don't live close to all your family, and something happens to a close family member, you may have to travel a great distance at the drop of a hat. Even though the airlines will help with a bereavement fare in the event of a death in the family, it sometimes can be difficult to get the discount. Use the instant unsecured credit card to help cover the expenses. If the credit card comes with rewards, you may be able to rack up airline miles or other travel rewards to offset the cost of the trip.
Vacation
If you manage to catch a one day sale on airline tickets, you can use your credit card to secure the tickets for vacation and pay for the tickets later. The same is true if you find an excellent deal on hotel accommodations. While this may be tempting, it wouldn't be a good idea unless you know for sure that you will be purchasing these vacation items anyway, regardless of when.
While it may be a good thing to have an instant approval credit card on your hands, it requires good credit to have access to an unsecured credit line. For those who do not have good credit, consider saving some money back to use toward a secured credit card you use in emergencies. It will be as though you have a savings account but it will help your credit rating because the bank reports to the credit union, even though the limit is determined by the money you have in an account.
