Key takeaways
- Getting approved for a credit card can be a fairly quick process — sometimes taking just seconds. But other times, it can be slower, with issuers making you wait up to 30 days.
- Once approved, you’ll typically receive your card within a week, though some issuers may send it earlier or later.
- Look into other options if you need a credit card fast, such as issuers that offer instant approval — or better yet, provide you with a virtual card that you can start using immediately.
In many cases, you can find a credit card, apply online and get approved the same day. But that’s not always guaranteed — and even if you’re approved quickly, you’ll still need to wait for the card to arrive in the mail. Here’s what to expect when it comes to approval times, delivery and everything in between.
How long does it take to get approved for a credit card?
It’s possible to get approved for a credit card in as little as 60 seconds after filling out an online application, but in some cases, it may take days or even weeks to hear back. By federal guidelines, issuers must notify you of a decision within 30 days.
Fast approvals usually happen when your application is complete and your credit and income meet the requirements sufficiently. But if the card issuer requires more info, like proof of income or another claim, your application may be delayed or denied — especially if you don’t respond promptly.
How credit approval works
When you apply for a credit card, the card issuer will consider information such as your credit score, income, existing debt and how you’ve handled credit in the past (via your credit 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 declined for a credit card. Your best bet is to make sure your credit score is in good shape and listed accurately on your application.
Preapproval: the credit-saving secret weapon
Some issuers allow you to check for preapproval or prequalification online using just basic information, without requiring a hard inquiry on your credit report. It’s a helpful way to gauge your approval odds before applying. You might also get prequalified or preapproved credit card offers in the mail, which means a card issuer has done a preliminary assessment of your credit (a soft inquiry) to see if you’re a good candidate.
Keep in mind:
Preapproval does not mean you’re guaranteed approval for the credit card in question, although it can be 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?
We’ve discussed 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.
Here’s the typical time it takes to receive a credit card from major issuers:
| Issuer | New card | Replacement card | Card services |
|---|---|---|---|
| American Express | 7 to 10 business days | Free next-day shipping | 800-297-8500 |
| Bank of America | Within 10 business days | 4 to 6 business days | 800-732-9194 |
| Capital One | 7 to 10 business days | 4 to 6 business days | 800-227-4825 |
| Chase | 7 to 10 business days | 3 to 5 business days | 800-432-3117 |
| Citi | 7 to 10 days | 4 to 7 business days | 800-950-5114 |
| Discover | 7 to 10 business days | 3 to 7 business days | 800-347-2683 |
| Wells Fargo | 7 to 10 business days | 5 to 7 business days | 800-642-4720 |
How to get a credit card faster
If you want a new credit card quickly, there are a few things you can do to speed up the process.
1. Look for instant approval
If you want faster access to credit, consider an instant approval credit card, which can let you know within seconds if you’re approved. This can save time, especially if you’re having trouble getting approved and want to avoid waiting days for a decision just to end up starting the process over with a different issuer. Most issuers offer instant approval, and while it’s not guaranteed, applicants with good credit have a decent shot.
2. Expedited shipping
While the timeline varies by credit card issuer, you may be able to pay an extra fee in exchange for expedited shipping. It can take seven 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.
This is especially common when you call to replace a lost or stolen credit card. Issuers will often send you a new card within one to two business days at no additional charge.
Bankrate’s take:
You might be able to call right after you’re approved and ask for upgraded shipping. Especially in the case of premium credit cards, the issuer might waive the shipping fee if you ask nicely.
3. Go digital
You can make plenty of purchases online without a physical credit card. After approving an applicant for a new credit card, some issuers, like American Express, may offer you a virtual credit card number you can use with a digital wallet.
4. Apply for an instant-use card
Instant-use credit cards are different from instant-approval credit cards but still provide fast access to credit. While the approval time may not be as quick as instant-approval credit cards, you’ll get your credit card number immediately (online or on the credit card issuer’s mobile app) and can start using it to make digital purchases.
The following popular issuers offer instant-use credit cards:
What to do after you get your credit card
You can activate your physical card by calling the number on the card and setting your PIN. It’s also a great time to download your credit card issuer’s app to manage spending, set up autopay, track rewards and more.
The bottom line
Many factors influence how long it takes to get credit card approval, so take your time when filling out your application, as mistakes can delay the process. If denied, issuers must notify you within a 30-day period, giving you a chance to review your finances and work on improving your credit. Once you’re ready, try Bankrate’s free CardMatch™ tool to find a card that fits your needs and credit profile.
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