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    How Long Does It Take to Get a Credit Card?

    The amount of time it takes to get a new credit card depends on how you applied and the card issuer. Here's when you can expect to receive your new card.

    Credit Card Basics

    How Long Does It Take to Get a Credit Card?

    May 12, 2021  •  5 min read

    By Karen Axelton

    Through December 31, 2022, Experian, TransUnion and Equifax will offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com to help you protect your financial health during the sudden and unprecedented hardship caused by COVID-19.

    At Experian, one of our priorities is consumer credit and finance education. This post may contain links and references to one or more of our partners, but we provide an objective view to help you make the best decisions. For more information, see our Editorial Policy.

    In this article:

    How Long Does It Take to Get a Credit Card Approval?

    How to Get Your Credit Card Faster

    How to Get Approved for a Credit Card

    How Does Applying for a Credit Card Impact Credit?

    Using Your New Credit Card

    You've applied for a new credit card and you can't wait to use it. How long will it take to receive the new card? Although you may get approved for a credit card almost instantly if you apply online, it can take up to 14 days for the card to arrive in the mail. If you applied for the card by mail or over the phone, approval may take longer. Fortunately, there are things you can do to get your new card faster—or even start using your card before you can hold it in your hand.

    How Long Does It Take to Get a Credit Card Approval?

    You can apply for most credit cards online, by phone or by mail. Whichever method you choose, you'll be asked for personal information including your name, address, income, Social Security number and employment status.

    You could get approved instantly if you apply online; some card issuers automatically approve applicants who meet their credit requirements. If you're on the borderline for qualification, the card issuer may manually review your application, which can take a week or so. Approval of phone or mail applications also typically takes longer than online applications.

    Getting approved and getting your credit card are two different things, though. After you're approved, receiving the card in the mail can take from five business days to 14 calendar days, depending on the issuer.

    Some credit card companies offer expedited delivery, either free or for a fee. For example, Chase can deliver your new card in one to two business days at no charge; Bank of America offers delivery within 72 hours for free. USAA will overnight a card for $8, Barclays delivers in one to two business days for $15, and Capital One delivers in two to three business days for $16.

    Getting a lost or stolen card replaced can take three to 14 business days, depending on the issuer. However, most credit card companies expedite shipping of a replacement card in one to six business days, either for a fee or free. American Express and Bank of America, for example, will overnight replacement cards at no charge.

    How to Get Your Credit Card Faster

    You can also get your new credit card faster a couple other ways.

    Get Preapproved

    Credit card offers you get in the mail are preapproved offers from card issuers who have determined you fit their qualification criteria. You can also apply for preapproval (sometimes called prequalification) by providing some basic information on the card issuer's website. If you're not sure which credit card you want, you can use Experian CreditMatchTM to find cards for which you may be preapproved.

    To prequalify you, card issuers perform a soft inquiry on your credit report, which won't affect your credit score. Preapproval doesn't guarantee final approval; it just means you're more likely to get approved. When you submit a credit application, the issuer reviews factors not considered during prequalification, such as income, and performs a hard inquiry on your credit report, which can temporarily lower your credit score by a few points.

    Choose a Card That Offers Instant Access to Credit

    You can use some credit cards immediately upon approval, even without the card in hand. For instance, you can apply for many store credit cards in-store and, if approved, use the account to pay on the spot. Other cards, like the Apple Card, can immediately be added to a digital wallet such as Google Pay or Apple Wallet and used at any merchant that accepts mobile payments.

    Instant access typically only allows purchases not requiring a physical card, such as online shopping. For example, American Express gives eligible cardholders immediate access to their credit card number to use for online or phone purchases.

    Many co-branded cards offer instant access to your account, but use is often restricted to the co-brand, and you may need to pay a particular way. For example, you can use the Capital One Walmart Rewards® Mastercard® immediately for purchases at Walmart.com or in-store if you link it to, and pay with, the Walmart Pay feature within the Walmart app.

    How to Get Approved for a Credit Card

    You're more likely to be approved for a credit card for which you're already preapproved. Issuers often indicate the credit score range required for a particular credit card, so knowing your credit score helps you choose cards for which you're likely to qualify. There are several ways to check your credit score for free, including through Experian.

    Source : www.experian.com

    How Long Does It Take to Get A Credit Card?

    Learn how long credit card approval takes, including when your card may arrive in the mail.

    CREDIT CARDS

    Part of  Applying for a Credit Card Series

    How long does it take to get a credit card?

    GaudiLab/Shutterstock.com

    Written by Holly D. Johnson and Jacqueline DeMarco

    Edited By Liliana Hall

    Reviewed By Mariah Ackary

    Jan. 21, 2022 / 5 min read

    Why you can trust Bankrate

    At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    The internet is a treasure trove for finding the best credit cards and comparing them based on their rewards and cardholder perks. By and large, you can usually find a credit card you really want, apply for the card online and receive approval for your new card all on the same day.

    But this isn’t always the case, and you’ll also have to wait a while to actually receive your credit card after you’re approved. This guide goes over the average length of time it takes to be approved for a credit card, when yours could arrive in the mail and everything else you should expect.

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

    Getting approved for a credit card can take as little as 60 seconds once you fill out an online application and hit “submit.” However, it may take a few days, or even a few weeks, to receive an email from a card issuer that says whether you’re approved or not. Per federal guidelines, credit issuers are required to send you a notice of your approval or denial within 30 days at the absolute latest.

    Speedy credit approvals usually take place when your credit application is completely filled out and your credit score and income are sufficient to qualify without any question. On the other hand, card issuers may have to reach out to you for more information or proof of your income or another claim. You may receive a letter or an email requesting this additional information, in which case you may still be able to qualify if you can provide the necessary documentation.

    How credit approval works

    When you apply for a credit card, the card issuer will consider the information you submitted in your application. It’ll take a look at your updated credit report, credit history and credit score, income information and other debt obligations you listed in your application (such as your housing payment or rent). It’ll also consider how you’ve handled credit in the past using factors like your payment history.

    Credit card issuers see their approval process as proprietary information, so there are no hard and fast rules that let you know whether you’ll be approved or not. Your best bet is to make sure your credit score is in good shape and honest on your application.

    Preapproval: the credit-saving secret weapon

    Some credit cards let you provide some basic information and become prequalified online. This extra step allows you to gauge your ability to be approved for a credit card without filling out a full application or enduring a hard inquiry on your credit report. Getting prequalified can be useful if you’re trying to decide if you should apply, but you’re not entirely sure you want to.

    You may also receive preapproved credit card offers in the mail, which means that a card issuer has run a preliminary assessment of your credit (a soft inquiry) to see if you are a likely candidate. Preapproval does not mean you’re guaranteed approval for the credit card in question, although it’s a good indicator. You still have to formally apply and meet the card issuer’s criteria.

    How long does it take to receive your card?

    So that’s how long it takes to get approved for a credit card, but when will you actually receive yours? Once again, this depends on the credit card you applied for and some factors beyond your control, like potential delays with the mail.

    The following chart goes over the average time it takes to receive a credit card from major issuers.

    ISSUER NEW CARD REPLACEMENT CARD CARD SERVICES

    American Express 7–10 business days Free next-day shipping 1-800-297-8500

    Bank of America Within 10 business days 4-6 business days 1-800-732-9194

    Capital One 7–10 business days 4–6 business days 1-800-227-4825

    Chase 7-10 business days 3–5 business days 1-800-432-3117

    Citi 7–10 days 4–7 business days 1-800-950-5114

    Discover 7-10 business days 3–7 business days 1-800-347-2683

    Wells Fargo 7–10 business days 5-7 calendar days 1-800-642-4720

    Also, keep in mind that some card issuers, like American Express, may offer you a virtual credit card number that can be entered into a mobile wallet. If you are eligible, you could use your virtual card number for purchases instantly after approval.

    How to get a credit card faster

    If you’re looking to get a credit card and you want to get it fast, there are a few things you can do to speed up the process so you can start utilizing your credit as soon as possible.

    Source : www.bankrate.com

    How Long It Takes to Get Approved for a Credit Card

    Find Out how long it takes to get approved for a credit card after you submit an application. Sometimes it is instant, and sometimes it takes a few days.

    CREDIT CARDS CREDIT CARD BASICS

    How Long It Takes to Get Approved for a Credit Card

    •••

    BY LATOYA IRBY Updated March 26, 2022

    REVIEWED BY THOMAS J. CATALANO

    There's so much anticipation when you're filling out a credit card application. From the moment you start filling in the application, all the way up to when you click the submit button, you probably have three big questions going through your mind: Will I be approved? How much will my credit limit be? How soon will I find out whether I'm approved?

    The amount of time it takes to get the answers to these questions depends mostly on how you submit your credit card application.

    You May Find Out You're Approved Right Away

    If you're applying for a credit card online, over the phone, or in-person (e.g. at a retail store) and you've given all the correct information, you can typically find out whether your credit card application is approved in 60 seconds or less.

    When you make your credit card application online, make sure you use a secure web connection (not a public Wi-Fi) to prevent your details from being stolen.

    Once you've submitted your online application, don't press the back button or the submit button more than once. Otherwise, there could be issues with processing your application.

    Once your approval is confirmed, you'll also find out the credit limit you've been approved for, unless you've applied for a credit card with no preset spending limit. Then, in 7-10 business days, you'll receive your credit card in the mail. Just call the number on the front of your card or create an online account to activate your credit card and you're ready to start making purchases.

    With some types of credit card accounts, you can use your credit card instantly. For example, if you're approved for a retail store credit card, you'll typically be able to use the account in the store and any sister stores the same day you're approved. Some major credit card issuers give you access to your new credit card account right away with a temporary credit card or through the bank's mobile app.

    Why a Credit Decision Could Be Delayed

    As long as you meet the credit card's qualifications and the credit card issuer can verify your information electronically, an application decision can be made quickly and electronically. However, you won't always get an instant decision regarding your application. Sometimes that means your application is denied, but that's not always the case. The credit card issuer may not be able to deliver an instant approval decision if your application needs further review or you provided incorrect or incomplete information.

    Make sure to use a street address not a post office box number on your credit card application.

    If you don't get an instant decision for your application, wait a few days (7-10 days typically) and you'll 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 that your application wasn't approved.

    If your application is denied, the credit card issuer is required to send you a letter telling you why.

    Mailed applications can take longer to process. When you mail your credit card application, you may not find out whether you're approved for two to three weeks. You have to wait for the card issuer to receive and process your application and then mail you a response.1

    If it's been several days since you made your credit card application and you haven't heard anything about your approval, call the credit card issuer to request the status of your application. You can find the card issuer's best contact number on their website.

    Improve Your Chances of Getting Approved

    You're more likely to be approved when you apply for a credit card you're qualified for. For example, if you do not have much credit or you have bad credit, you probably won't be approved for a premium rewards credit card. Some credit card issuers' websites tell which credit cards are for excellent, average, or bad credit. Stick to the credit cards that most fit with your credit profile for the best chances of being approved.

    Frequently Asked Questions (FAQs)

    Frequently Asked Questions (FAQs) How long after approval can I start using my credit card?

    You may be able to start using your credit card immediately upon approval. Once the card is authorized and the account is active, then you can start using it online. To use it in person, you'll have to wait for the card to come in the mail, and that takes about a week or two after approval.

    What is a pre-approval?

    Some credit card issuers have preset qualifications for who gets approved. If you meet these qualifications, such as a minimum credit score, then you are pre-approved, and you know you'll be able to get the card.

    What credit score do you need to get approved for a credit card?

    There isn't a minimum credit score to get approved for a credit card, but if your score is around 600 or lower, you might not get favorable terms. People with low credit scores pay higher interest rates and have lower lines of credit. If your credit score is particularly low, you may need to get a secured credit card, but there isn't a set credit score that determines whether you will need a secured card or not.

    Source : www.thebalance.com

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