Some department stores that offer instant credit card approval as of 2015 include Wal-Mart, Bloomingdale's, Macy's, J.Crew, L.L.Bean and Saks Fifth Avenue. Store credit cards usually feature enticing promotions, discounts and bonuses for holders, according to Consumer Reports. To get a department store credit card with instant approval, consumers need to fill out an online application.
Many department stores offer multiple perks to holders who make purchases in their location or at a card-issuing partner. For example, Wal-Mart offers no annual fees for the administration of the credit cards, discounts for gas, fraud protection and a free FICO credit score, as of 2015. Those who decide to get a credit card with instant approval at Macy's can get an initial discount for their first purchase.
Department store credit cards with instant approval often have higher interest rates than traditional credit cards, as noted by Consumer Reports. Many of these stores also limit the rewards a holder can earn in a certain category or for a specific period of time. Opening multiple department store credit cards at once can damage an individual's credit score. Common credit cards offered by department stores are American Express, MasterCard and Visa. These cards are usually accepted by retailers worldwide, and they are not restricted to in-store purchases.