The approval process for a new credit card can be a daunting one, especially if you have to wait several days for confirmation before your personal card is printed and mailed to your home. Luckily, many credit cards now have instant approval, making the application process much quicker and less stressful. After filling out an application with details on your personal background, the card provider’s website runs its checks and lets you know if your application has been approved or rejected within minutes.
If you’re approved with the information provided, your application is expedited for credit checks, card printing and mailing, and you can expect to receive a welcome package containing your card in five to seven business days.
As a safeguard against fraud, at times an application may go under manual review, in which case the file gets forwarded for verification, sometimes taking an additional two to three business days before a final decision is made.
As banking processes become increasingly digital, more credit card applications are moving online, and more issuers are offering instant approval cards.