Does it take long to get approval for a credit card? Many credit card applicants want their cards to be given to them immediately. Others may expect it to take a few days. In this article, we will know how long it takes to get approval for a credit card.
Does It Take Long To Get Approval For A Credit Card? Immediate Approval
For most persons who correctly enter all their data, they get immediate approval. This happens within one minute of online, over the phone, or application in person. As long as you meet the credit card’s qualifications and the credit card issuer can verify your information electronically, an application decided can be made quickly and electronically.
However, while applying online, use a safe web connection (not a public Wi-Fi). This will help to safeguard your details from fraudulent persons.
Moreover, after submitting your online application, completely avoid pressing the back button or the submit button more than once. Pressing any of them again can lead to delay and other problems. Take note.
Furthermore, after your approval, you’ll see your credit limit. But if you’ve applied for a credit card with no preset spending limit, you’ll receive your credit card in the mail within 7-10 business days. Create an online account to activate your credit card.
Some card issuers permit you use your credit card immediately. For instance, some retail store credit cards can be used just after your approval. It all depends on the type of card and the financial institution.
Does It Take Long To Get Approval For A Credit Card? A Delay and Why
Sometimes, your application may be delayed or completely denied. This occurs when you give wrong information or when your identity is not clear. In case you don’t get an instant approval, wait for 7-10 working days to receive an email, letter, or phone call from the credit card issuer. The credit card issuer will either request additional information to complete your application or let you know why you lost approval.
However, Mailed applications usually takes a longer time. It takes two to 3 weeks to get approval. You just need to be patient. After this period and you do not receive any approval, call the customer care agent and make inquiries.
Help Yourself Get Approval
What do you need to do? Apply for a card that suits your income and your credit score.
You will get approval when you apply for a credit card you’re qualified for. Study credit cards for excellent, average, or bad credit. Know the one that best suits you and apply for that one. Remember to enter only the correct information.