Abstract: A method and system for providing and activating a credit card and credit line to a consumer. In one embodiment, the system and method include providing the consumer with a choice of one credit card from a plurality of cards. In response to the consumer's selection of one of the plurality of credit cards, an immediate authorization request is made for the credit card from an authorization source, such as a mobile telephone, kiosk, cash register, or credit card transaction device. Upon transmission of the authorization request, a rapid approval or disapproval is made based upon the applicant's financial status. This status may include the existence of an open bank account, such as a checking or savings account, or other credit worthiness indicia, such as prior business history with the lender and prior credit history. Once activated, the credit card may be used to purchase goods and services.