While some card issuers are now offering very quick approvals online, a few issuers have taken it a step further with instant credit. Chase Manhattan and ShopNow.com announced this week they have teamed up to launch the ShopNow.com MasterCard from Chase. Visitors to Chase.com and ShopNow.com can apply for the card online and receive approval, generally within 2 minutes, and, upon approval, a $250 initial, immediately available credit line to make online purchases. The new co-branded credit card offers online shoppers an unlimited, 5% Click Cash Rebate from online purchases in the products, gifts or brands areas of ShopNow.com. The no-annual-fee Platinum ShopNow.com MasterCard from Chase features a five-month intro APR of 3.99% followed by a fixed rate of 9.99%. The Standard version features no-annual-fee and a five-month intro rate of 3.99% followed by a fixed 11.99% APR. The co-branded credit card is available online now at www.chase.com and www.shopnow.com.