The internet is a treasure trove for finding new 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.
What is a preapproved credit card?
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 does credit approval work?
When you apply for a credit card, the card issuer will consider the information you submitted in your application. They’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). They’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.
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||3 business days||1-800-297-8500|
|Bank of America||Within 10 business days||7–10 business days||1-800-732-9194|
|Capital One||7–10 business days||7–10 business days||1-800-227-4825|
|Chase||3–5 business days||3–5 business days||1-800-432-3117|
|Citi||7–10 days||5–7 business days
Within 24 hours for lost/stolen cards
|Discover||3–5 business days||5–7 business days
4-6 business days for lost/stolen cards
|Wells Fargo||7–10 business days||7–10 business 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.
Look for instant approval
To save time during the approval process, you may want to consider an “instant approval” credit card that can shave a few days off the overall process of getting a credit card. The way instant approval credit cards work is that the issuer alerts the applicant if they are approved or not within seconds of submitting their application.
Those who are having trouble getting their hands on new credit may not want to wait days to find out they’re approved just to start the process over with a different issuer, an instant approval credit card may save them a decent amount of time.
While the timeline varies by credit card issuer (as shown above), if you really want to gain access to your physical card faster, you may be able to pay an extra fee in exchange for expedited shipping. It can take 7 to 10 business days for a new credit card to be processed, packaged and shipped. If expedited shipping is an option, you may be able to get your card in the mail sooner.
With access to the internet, you can make plenty of purchases from home without an actual physical credit card available. After approving an applicant for a new credit card, some issuers provide their customers with a credit card number immediately that can be used for online purchases. These credit card numbers can also be added to digital wallets.
Apply for an instant use card
“Instant use” credit cards are different from an instant approval credit card but also provide fast access to credit. While the approval time may not be instant, with an instant use credit card, you’ll be given your credit card number right away (online or on the credit card issuer’s mobile app) and can start using it to make purchases digitally.
The following popular issuers offer instant use credit cards:
- American Express
- Bank of America
- Capital One
- Goldman Sachs
- Synchrony Bank