If you’ve been rejected, don’t apply for another card straight away. Such factors could include insufficient income, poor creditworthiness or credit history, and unstable employment. The reason behind a provider not approving your application could be that you haven’t met the lending criteria. Complete approval only takes effect after that’s done and you have signed the contract. In such a scenario, you might have to provide personal identification documents or payslips by visiting a branch office. Getting conditional approval essentially means that the credit card provider is buying time to verify your details before granting approval. If your credit card application is under referral, the card provider basically requires more time to carry out further assessments before giving you a conclusive answer. By providing all the required information and keeping a good credit history, you’ll be eligible for instant approval. While lending criteria varies between providers and cards, common checks include identity verification and credit score checks. With instant online applications, credit card providers provide a response on your application status almost immediately. When it comes to applying for a credit card, there are a number of likely responses you may receive, depending on the quality of your application. List of documents needed for credit card application What responses can I expect when applying for a credit card? Here are the contact numbers for some of the main providers: If you haven’t received a response regarding your application, you can contact your provider by calling the customer services number listed on its website. Monitor your calls, inbox and post in case the provider is trying to get in touch with you, but know that calling them first is always the quicker option. Resolving the matter is often simple, and can sometimes take no more than a phone call. The provider has misplaced your application.The provider has to deal with a large number of applications and hasn’t reached yours yet.The provider sees marks on your credit file that it wishes to analyse further or discuss with you.The provider thinks that certain information on your application may be insufficient, incorrect or inconsistent, and may require adding or changing.If your credit card application is taking longer than usual to process, it could be due to one of the following reasons: It’s also a good idea to use an eligibility checker to make sure you meet all eligibility requirements for a specific card before applying.Ĭredit card application tips Main reasons why your application is taking longer than expected To help speed up the application process, it’s important to try and provide all the information required by the provider. If you are an existing member of the bank, the process may be quicker as they already have some of your verified information in their systems. How long does it take for my application to be approved?Īlthough most credit card applications provide instant approval or conditional approval (approved within 2-4 business days), credit card providers can take between up to 30 days to review an application. It’s not a difficult process, but to make things even easier, we’ve summarised all of the major credit card provider details and offer some tips on how to best approach the situation. However, if you still haven’t heard back from the provider, it might be time to take things into your own hands. When you apply for a credit card, you can usually expect an immediate response. Debit cards with low foreign transaction fees.
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