Skip the Long Wait—Here’s How to Get a Credit Card ASAP in the PH

Getting a credit card shouldn’t feel like waiting in line for a theme park ride—anticipation building, only to move forward inch by inch. Whether you're gearing up for a major purchase, securing a financial safety net, or finally stepping into the world of credit, the last thing you want is a long, unpredictable wait. Luckily, some banks in the Philippines have streamlined the process, offering fast-track approvals so you can swipe, tap, and spend without the suspense.

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To help you find the perfect credit card, here’s a comparison of credit cards with quick approval times:

Security Bank Fast Track Secured Credit Card

Security Bank leads the pack with their Fast Track Secured Credit Card, which promises approval within just three banking days—significantly faster than standard credit card applications that typically take two to three weeks.

Why Choose This Card?

• No income proof required
• Open to new and existing clients
• Available to those with limited credit history
• First-year annual fee waiver
• Earns rewards points on purchases

The catch? You’ll need to deposit ₱25,000 into a Security Bank savings account as collateral. Your credit limit will be 80% of this deposit (₱20,000). While this might seem restrictive, it’s a great option for those who need a card quickly or are building their credit profile.

EastWest Privilege Classic Mastercard/Visa

EastWest Bank’s Privilege Classic cards are known for easy approval requirements. While they don’t explicitly state an approval timeframe, they have streamlined requirements to make processing faster.

To qualify, you’ll need:

• Monthly income of at least ₱15,000
• A valid government ID
• Proof of income (payslips or BIR forms) or latest audited financial statement

Other Quick-Approval Credit Cards

• PSBank Credit Mastercard: Known for easy approval and a simplified application process with perks like free purchase protection insurance, free travel insurance, limitless rewards vouchers, gift certificates and more.
• China Bank Prime Mastercard: Ideal for applicants with an existing credit card, as banks may fast-track approval based on credit history.

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Even with banks offering expedited services, there are steps you can take to further streamline the process:

1. Pre-Check Your Eligibility

Before applying, verify that you meet all requirements for the specific card. Comparison tools like Finmerkado (yours truly) can help you filter cards by approval speed and requirements. This pre-screening saves valuable time by preventing applications that are likely to be rejected.

2. Prepare Complete Documentation

Having all your documents ready when you apply for a credit card significantly reduces processing time:

• Valid Philippine government issued IDs (passport, driver's license, SSS/GSIS ID)
• Income documentation (Certificate of Employment, company ID, payslips, BIR forms, etc.)
• Proof of address (utility bills dated within the last 3 months)
• Completed application form with accurate information
• Alien certificate or alien certification for foreigners

Think of this as preparing for a race—you wouldn’t stop mid-run to tie your shoelaces; similarly, having everything ready prevents delays in your application process.

3. Consider Secured Credit Cards

If you’re a first-time applicant or rebuilding your credit, secured cards like Security Bank’s Fast Track offer the fastest route to approval since they pose minimal risk to the bank.

4. Apply Through Digital Channels

Many banks prioritize online applications, offering streamlined digital processes that can reduce waiting time. Digital applications often enter processing immediately, while paper applications may sit in queues before being entered into the system.

5. Follow Up Strategically

A polite follow-up call after 3-5 business days can help ensure your application hasn’t been overlooked. When calling, have your application reference number handy and ask specific questions about what stage your application is in rather than simply asking if it’s approved.

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While same-day approval is rare in the Philippines, some banks are moving toward faster processing. Security Bank advertises 5-day approval for standard credit cards, but their Fast Track program cuts this down to 3 days.

Even after approval, physical card delivery typically takes an additional 3-7 business days. Some banks like UnionBank now offer digital card details for immediate use while waiting for the physical card to arrive—a great option if you need a credit card for online purchases or want to set up digital wallets immediately.

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If you have a poor credit history, secured credit cards like Security Bank’s Fast Track program offer your best chance for quick approval. Since these cards are backed by a cash deposit, they represent minimal risk to the bank and typically have less stringent credit requirements.

Another approach is to apply through a bank where you already have accounts in good standing. Some banks prioritize existing clients over non depositors and may expedite approval based on your banking history.

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When seeking fast credit card approval in the Philippines, Security Bank’s 3-day Fast Track program currently offers the quickest guaranteed processing time. However, eligibility requirements, fees, and card features vary across institutions.

Take time to compare options based on your specific needs and financial situation. Remember that the fastest approval isn’t always the best deal—consider interest rates, annual fees, and rewards programs before making a decision.

Ready to boost your financial flexibility? Prepare your documents, check your eligibility, and choose the option that best suits your needs and timeline. Click here to begin.

References:

• Bangko Sentral ng Pilipinas (2023). Financial Consumer Protection Handbook.
• Lumina Homes. (2024). "Philippine Banks with Easy Credit Card Approvals." Retrieved from Lumina Homes
• 8List.ph. (2024). "Easy Approval Credit Card Application in the Philippines." Retrieved from 8List.ph

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