Planning is great, but there are times when you need access to credit fast, either to deal with an unforeseen medical emergency, to take care of some business expenses, or to manage the post-holiday bills that will surely come due soon.

If you are a trust-fund baby, you need only to reach for the phone and get an allowance deposited into your checking account, but then, if you were a trust-fund baby you would never have need for money.

Recently, many Americans have addressed their need for fast access to credit by applying for one of the now available instant approval credit cards. With a few clicks of the mouse you can find out which card meets your needs and your criteria, and apply right on the spot from the comfort of your own home, and – in most cases – have an instant answer. If approved, while your actual physical card will arrive in the mail in a few days, you can start using your new card for online purchases, and often for cash advances as well.

You can also combine your new card with PayPal and settle cash debts as easily as sending an email.

While we are not advocating indiscriminate use of credit cards, we strongly believe that credit cards are a wonderful tool highly useful in anyone’s personal finances. Credit cards are the only tool that allow individuals and businesses to tap their credit ‘on-demand’, add extra consumer protection to their purchases, and give the choice (not the obligation) to extend the repayment in flexible terms, from one or two months to a longer period of time.

And as an added bonus, many cards offer rewards in terms of cash back, airline miles, or perks.

Therefore, be wise with your spending and all of your finances, and do keep in mind instant approval credit cards; because life will always throw you some curve balls.

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Photo Credits: Dana Spiegel