H Credit Guide

How Long Does It Take To Receive A Credit Card

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A new credit card application can frequently be submitted online and approved in a matter of minutes. Some issuers provide you with instant access to your card number if you are approved right away. However, if you have to wait for a replacement card or for your new plastic to come in the mail, the time it takes to get your new card can vary depending on the issuer and could take up to two weeks.

Here’s how long it should take for each of the main credit card issuers to mail you a replacement or new card.

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  • Occasionally, the approval process for a credit card can be completed in a matter of seconds. At other times, issuers may make you wait up to 30 days, and it will be much slower.
  • After being approved, you should normally receive your card in a week, though some issuers may send it to you sooner or later.
  • If you’re in a hurry and need a credit card, consider issuers that offer instant approval and can mail you a card via overnight delivery. Even better, some issuers offer virtual cards that you can use right away.

Typically, you can choose a credit card that you truly want, apply online for it, and get approved for it all on the same day.

However, this isn’t always the case, and after you’re accepted, you’ll need to wait a while to get your credit card. This guide covers when your credit card could arrive in the mail, how long it usually takes to get approved for one, and other things you should know.

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

After submitting an online application and getting accepted for a credit card, the approval process can take as little as sixty seconds. But it might take a few days or even a few weeks before you get an email from the card issuer telling you whether or not you’re approved. Credit issuers are mandated by federal regulations to notify you of your approval or denial as soon as possible, but no later than 30 days.

Fast credit approvals typically occur when your credit application is fully completed and your income and credit score are sufficient to be approved without any issues. However, card issuers will normally take longer to decide if they contact you for additional information, such as evidence of your income or for another reason. Without this extra information, it’s likely that your application won’t be accepted.

How credit approval works

The information you provide in your application will be taken into account by the credit card issuer when you apply for one. It will take a look at your:

  • Updated credit report
  • Credit history
  • Credit score
  • Income information
  • Other debt obligations (such as your housing payment or rent)

It will also take into account your credit history, taking into account things like your payment history.

The approval process used by credit card issuers is considered proprietary information, so there are no hard and fast guidelines that indicate if you will be granted credit or denied. The best course of action is to ensure that your credit score is current and appropriately reflected on your application.

Preapproval: the credit-saving secret weapon

Certain credit cards allow you to apply online, get preapproved or prequalified, by providing some basic information. By taking this extra step, you can determine whether you are eligible for a credit card without having to submit a complete application or deal with a hard inquiry on your credit report. If you’re unsure whether to apply but are trying to decide if you should, getting preapproved can be helpful.

Additionally, you might receive credit card offers in the mail that are prequalified or preapproved. These indicate that a card issuer has performed a soft inquiry, or preliminary credit assessment, to determine whether you are a likely candidate. Preapproval is a good indicator, but it does not guarantee that you will be approved for the credit card in question. You must still meet the requirements of the card issuer and submit an official application.

How long does it take to receive your card?

That’s the length of time it takes to get approved for a credit card; however, the actual date of delivery will vary depending on the type of credit card you applied for and certain uncontrollable factors, such as possible mail delays.

The average time to receive a credit card from a major issuer is shown in the following chart:

Issuer New Card Replacement Card Card Services
American Express 7 to 10 business days Free next-day shipping 1-800-297-8500
Bank of America Within 10 business days 4 to 6 business days 1-800-732-9194
Capital One 7 to 10 business days 4 to 6 business days 1-800-227-4825
Chase 7 to 10 business days 3 to 5 business days 1-800-432-3117
Citi 7 to 10 days 4 to 7 business days 1-800-950-5114
Discover 7 to 10 business days 3 to 7 business days 1-800-347-2683
Wells Fargo 7 to 10 business days 5 to 7 calendar days 1-800-642-4720

Remember that certain credit card issuers, such as American Express, might provide you with a virtual credit card number that you can input into a mobile wallet. After approval, you can use your new credit card right away with these virtual numbers.

How to get a credit card faster

There are a few things you can do to expedite the credit card application process if you’re looking to get one quickly and want to use your credit right away, including:

Look for instant approval

You might want to think about applying for a “instant approval” credit card, which can expedite the approval process and save you a few days. Within seconds of submitting an application, the issuer of instant approval credit cards notifies the applicant of their approval status.

It might not be desirable for those who are having problems obtaining new credit to wait days to hear whether they are approved only to repeat the application process with a different issuer. A credit card with immediate approval could save some time.

Even though each credit card issuer has a different timeframe (as previously mentioned), you might be able to pay an additional cost for expedited shipping if you truly want to receive your physical card more quickly. The processing, packaging, and shipping of a new credit card can take seven to ten business days. It’s possible that you could receive your card in the mail sooner if expedited shipping is an option.

When you call to replace a lost or stolen credit card, this is particularly frequent. Issuers frequently provide you with a new card for free within one or two business days.

You can make a lot of purchases from home using the internet without having a physical credit card on hand. Some credit card issuers instantly provide their clients a credit card number that can be used for online purchases after approving an application for a new card. Digital wallets can also be updated with these credit card numbers.

Apply for an instant use card

While instant-use credit cards offer quicker credit availability than instant-approval credit cards, they are nonetheless With an instant use credit card, you can start using your credit card number to make digital purchases as soon as you get it (online or through the credit card issuer’s mobile app), even though the approval process might not be instantaneous.

The following popular issuers offer instant use credit cards:

  • American Express
  • Apple
  • Bank of America
  • Capital One
  • Goldman Sachs
  • Synchrony Bank

What to do after you get your credit card

Prior to being able to swipe your physical card, you should activate it after receiving it in the mail. It’s easy to activate your credit card: just dial the number on the card and create a pin. Downloading the app from your credit card issuer now will help you stay organized and manage your credit card balance conveniently from your phone. You can track your expenses, set up autopay, enable rewards, and do a lot more with this app.

The speed at which an issuer can approve you for a new credit card depends on a number of factors. When completing a new credit card application, it’s imperative that you take your time because you might be adding unnecessary complexity to the process.

The credit card issuer has thirty days to notify you if your application is denied. Even though it’s not ideal to be turned down for a credit card, you can use this as a chance to examine your financial history and make plans to improve your credit situation. Once you’re comfortable with your chances of getting approved, use Bankrate’s free CardMatch tool to identify the best credit card for your spending style and way of life.

how long does it take to receive a credit card

how long does it take to receive a credit card

how long does it take to receive a credit card

how long does it take to receive a credit card

how long does it take to receive a credit card

FAQ

How fast can you receive a credit card?

The processing, packaging, and shipping of a new credit card can take seven to ten business days. It’s possible that you could receive your card in the mail sooner if expedited shipping is an option. This frequently occurs when you call to replace a credit card that was misplaced or stolen.

How long does it take to receive credit card in mail?

Depending on the issuer, you may receive the card in the mail seven to ten business days after being approved. Certain credit card companies provide free or paid expedited delivery options. Depending on the issuer, replacing a lost or stolen card may require up to seven business days.

How soon can you get a credit card?

Getting approved—or denied—could take anywhere from seconds to weeks. If you apply online, you might receive approval for a credit card right away. That’s if your application satisfies the lender’s credit policies. It might take longer if the issuer requires more information to make a decision.

Can I use a credit card before it arrives?

Certain credit cards allow you to view your card information as soon as you’re accepted. These are often known as instant use credit cards. You could be able to use an instant use card in a matter of minutes if you have one. If not, you might not be able to use your card until it comes in the mail.

Read More :

https://www.bankrate.com/finance/credit-cards/how-long-does-it-take-to-get-credit-card/
https://www.nerdwallet.com/article/credit-cards/how-soon-can-i-get-my-new-credit-card

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