How Long Does It Take To Approve Credit Card?

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A credit card can be a useful financial tool if you know what you’re doing. Everyone should have at least one credit card, with good payment history and low debt. But that’s the challenge: getting approved for the right cards. Applying for credit cards is similar to getting into a popular club or restaurant. It can feel like there’s a long line of people ahead of you and no guarantee that you’ll ever get in, but as long as you know how to work the system, there’s no reason why you can’t get what you want when it comes to credit cards. So, let’s talk about how long it takes to approve credit cards.

Applying for a credit card can feel like trying to get into a super exclusive VIP room. You know you’re not a VIP, but you really want to get in.

Applying for a credit card can feel like trying to get into a super exclusive VIP room. You know you’re not a VIP, but you really want to get in.

In many ways, this is true for most people who apply for credit cards: they don’t have established credit history and/or have never applied for any type of loan before. It’s understandable that you’re nervous when applying—you want it so badly! But don’t worry, there are steps that can be taken to help increase your odds of approval.

In this article we’ll discuss the process of applying and what the next steps would be after being approved or denied by your bank or credit union (CU).

How Long Does It Take To Approve Credit Card? Source: Freepik.com

Typically, banks won’t even let you know if your application has been approved until after they’ve completed the review process. This can take anywhere from a few days to a couple of weeks.

Typically, banks won’t even let you know if your application has been approved until after they’ve completed the review process. This can take anywhere from a few days to a couple of weeks. Banks don’t like to tell you immediately because they want to make sure that you are a good risk. They want to make sure that you’re not a fraudster and have good credit, as well as having a job, which would make it harder for them if things went south on their end.

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So, how long does it take to approve credit cards? Here’s a guide to what you can expect based on different issuers.

So, how long does it take to approve credit cards? Here’s a guide to what you can expect based on different issuers:

  • Some banks will not tell you if you’ve been approved until after the process is complete. So, even though you might be waiting for an answer from your bank or credit union, it may not be able to tell you anything until after the card has been shipped out and activated.
  • Approval time varies by institution. Some banks have quicker turnaround times than others; this is because each bank has its own set of policies for approving new customers for credit cards.
  • It typically takes about two weeks for most banks and credit unions to process applications and make a decision on whether or not they’ll issue a line of credit (and what type).

Bank of America

Bank of America will typically take 3-5 days to review your application. If you’re approved, you’ll receive an email from Bank of America with your credit card number and a few details about the card. If you’re denied, you will get an email from Bank of America explaining why.

Capital One

Capital One is a good option for people who want to build their credit. It’s a good option for people who want to build their credit score. And it’s also a good option for people who want to build their credit history.

For example, if you’re new to credit, you can get an unsecured Capital One card and use it responsibly over time until you have built up enough of a positive payment history (without any negative marks) that other banks will start considering your application seriously when you apply for more prestigious cards like the Chase Sapphire Preferred® Card or the AMEX Gold Card.

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Chase

If you’ve been trying to get a credit card from Chase, there’s a good chance that you’re wondering if and when your application will be approved.

Chase has recently changed its approval process so that they will not approve any applications unless all of the information on the application is completely accurate. A few years ago, it was possible for Chase to be more lenient with what they required in terms of supporting documents and information, but now they are much stricter about this process.

Citi

With Citi, you can apply online or over the phone. To do this, you’ll need to provide them with your name, address, Social Security number, annual income and employment status.

Citi isn’t one of the fastest banks to approve or decline a credit card application; it usually takes about 10-15 days for your application to be processed and approved by Citi. However, there are times when it may take longer than expected due to holidays or weekends. If that’s the case, I recommend calling them up so they can help speed things along even further!

Citi is an excellent option for people who have average credit scores because it has a wide range of offers including some great low interest rate cards as well as rewards programs (e.g., Cashback) where points earned can be redeemed for cash back or gift cards at some retailers like Amazon etcetera (plus more). It’s also worth noting that their introductory APR period is pretty generous on all types of purchases rather than just balance transfers which makes them stand out from other companies who don’t offer much flexibility here either way.”

Discover

Discover is a good option for people who have a good credit score and a history of on-time payments. Discover will send you an email when your application is approved, but it can take up to two weeks after that to receive the card itself.

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If you want to get approved as soon as possible, apply for Capital One’s QuicksilverOne cash back card instead.

Wells Fargo

If you’re looking for a credit card with a low interest rate, Wells Fargo is an excellent option. They offer cards to people with all credit scores and even provide options for those who are trying to rebuild their credit. The Wells Fargo Cash Rewards Visa Signature Card offers cash back rewards of 1.5% on all purchases made on the card, up to $1,500 in purchases per quarter and 3% in bonus categories such as gas stations/restaurants/drugstores (up to $12k per year).

It can take anywhere from a few days up to 1 month to hear back about whether or not you’ve been approved for a credit card.

It can take anywhere from a few days up to 1 month to hear back about whether or not you’ve been approved for a credit card. This is because there’s a lot of factors that go into the decision and each bank has its own procedures.

Most banks will let you know within a few days if they approve your application, but it can take up to 30 days for some people.

How long does it take to get approved for a credit card?

Conclusion

In short, it can take anywhere from a few days to a month to find out if your credit card application has been approved. If you’re approved, then congratulations! If not, there are still some options available for you. You can try applying with another bank or lender who might have different terms and policies that work better for your situation—though keep in mind this may also be a lengthy process. In the meantime, you can do things like reduce your debt load (by paying off some bills), increase your income (through a side job), or improve your credit score so that when it comes time to apply again next year there’s less chance of rejection.

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