With credit card issuers, instant approval is granted to clients who have a very good or excellent credit score (http://www.creditcardreview.ca/
Normally, application requirements include minimum income, minimum age, and Canadian residency. When applying for an instant approval card, you have to present your personal and financial details, including name, address, date of birth, assets and liabilities, employer details, household income, etc.
Most issuers approve only the applications of clients with good and excellent credit scores, but competition among them is tough. Thus, some of them also grant instant credit cards to customers with fair credit - http://www.creditcardscanada.net/
At the same time, even if you qualify for this type of credit card, it will usually come with lower line of credit and higher interest rate. Fierce competition, however, makes banks and credit card companies do everything to attract clients, especially by offering a variety of incentives. These incentives may be in the form of zero interest balance transfers, free balance transfers, no annual fee, etc. Some instant approval credit cards are also offered with rewards programs, with clients earning rewards points to be redeemed for gift certificates, travel, merchandise, etc. Other companies offer cash back credit cards to clients. Cardholders can earn more cash back when they charge items in department stores, gas stations, supermarkets, etc.
Some of these cards are also offered with no credit check, no application fee, and no free cash withdrawals.
Keep in mind that your credit score will be affected if you submit several applications within a short period of time. Credit reporting agencies view this as a sign of poor credit performance. Borrowers are profiled depending on their performance and credit behavior. If credit card companies check your credit and then decline your application, you are demoted to a high-risk borrower. Your credit score is likely to suffer. For this reason, it is important to check the requirements of the issuing company and if possible, talk to their representative.
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Canadian credit card directory is listing credit cards offered by major Canadian banks and financial institutions, as well as credit cards offered by Canadian stores. http://www.creditcardreview.ca/