How Long Does It Take To Get A Credit Card (And Why)?

Exact Answer: Up to 14 days

The credit card could be approved instantly. It’s the time of arrival that the person has to wait for. A credit card would take around 14 days to arrive. The mode of application plays a huge role in predicting the time required for a credit card to get approved. If someone has applied for the credit card over mail, then it will take more time only for approval.

The online application mode for getting a credit card is the best way to get the credit card early as compared to mail (or over the phone). There are many things that could be done to get access to the credit card before it arrives. There are some ways in which people can get credit cards faster.

How Long Does It Take To Get A Credit Card?

People have to do some personality to get a credit card. To get a credit card, the person has to first apply for it. After the application, the person has to wait for a few days to get approval. The process is quite simple for the online mode of applying. The process would be quite lengthy for people applying over the phone or by mail.

You will have to give some of your personal details. The personal details may be your name, address, social security number income, and status of employment. All these personal details are supposed to be given while applying for a credit card. It’s in the hand of the card issuers to approve the applicant.

The card issuer will approve the credit card if all the conditions would be satisfied by the applicants. The time for approval would be different for each applicant, as it depends on the eligibility of the applicant. If someone is in the final line to get approval for the credit card, then the card issuer may consider the application. The card issuer will check the application and may approve it.

The approval of the credit card happens only if the eligibility criteria are fulfilled. The process of getting approved for a credit card is extremely different from the process of getting a credit card. Both the processes need separate time periods for completion. The process of getting approval for the credit card is not covered under the delivery of a credit card to the applicant.

Once the process of applying and getting the approval is completed, then the person may receive the card in 5 to 14 days (business days).

Why It Takes This Long To Get A Credit Card?

If someone is satisfying all the requirements for getting a credit card, then the person would get the approval faster than others. The approval of the credit card is given after in the online mode as compared to the mail (or other forms). There are 3 steps involved in getting a credit card.  The eligibility criteria for getting a credit card is something very important to be fulfilled.

Many people who want to get faster approval for the credit card would apply online rather than getting into the time taking process. There are some companies that may charge a fee for the creditor may give it for free. The applicant can check with the issuer about the guideline for delivery. If the person has lost the credit card, getting a new card would take around 14 days.

The issuer may increase or decrease the days for getting the credit card. The issuer is responsible for the approval where the whole process starts for delivering the credit card. The same time (14 days) is required for getting the replacement of the credit card. There are some card companies that replace credit cards with no fee.

Conclusion

The person can get the credit card early if the person has preapproved the credit card. Preapproved options are available to the eligible applicants by the card issuers. Before getting into the process of credit card approval and delivery, make sure to learn the process correctly.

References

1. https://www.jstor.org/stable/2006788
2. https://heinonline.org/hol-cgi-bin/get_pdf.cgi?handle=hein.journals/ambank71&section=16