![]() Maybe you’ve recently had another Chase card or bank account hacked, or you have a credit freeze in place that prevents any potential creditor from accessing your credit report. Something in your application could have triggered Chase’s fraud prevention alerts. It also doesn’t have anything to do with your credit score or credit history. What Does It Mean When Your Credit Card Application Is Under Review?ĭon’t worry! Under Review doesn’t necessarily mean anything. You’ll see an immediate denial after completing the online application. ![]() If your credit score wasn’t good enough to be approved, you won’t need to provide additional information. They will either request additional financial information or let you know that your application wasn’t approved. If you don’t get approval on the spot, you’ll usually receive an email, letter, or phone call from the credit card issuer within 7 to 10 days. The envelope will be very inconspicuous to deter theft, so don’t throw what may look like junk mail away when you’re waiting for your new credit card to arrive. It typically takes 7 to 10 business days to receive your new card in the mail. If you complete the application process online (You can still do it with a paper application, but why would you?) and meet the necessary criteria, you’ll get a message that you’ve been approved within seconds. In the old days, if you wanted a new credit card, you had to fill out a paper application from those inches thick credit card offers you would get in the mail, send it in, and wait a few weeks for a response. How Will I Know If My Credit Card Application Is Approved? Is being a Chase customer part of the approval process? Chase won’t say for sure, but it won’t hurt your chances. If you don’t already bank with Chase, open a new account if you’re hoping to score a Chase card. Note: If you’re looking to open multiple cards at once, apply at the same time, so Chase (and other credit card issuers) can’t see that you’ve applied for a lot of credit and the resulting drop in your credit score. It means you apply for any of the cards you want at the same time.Įvery time you apply for credit, the potential creditor runs a hard credit check, which drops your score as we described above and shows on your credit report. People who collect travel points do this when travel cards are offering big sign up bonuses. App-O-RamaĪn app-o-rama means opening a lot of credit cards at once. ![]() ![]() While Chase business cards don’t count toward the 5/24 rule, once you open five personal credit cards from any bank, you’ll be ineligible to open a Chase business card. Business cards from American Express, Chase, Citi, Bank of America, and Wells Fargo don’t count towards the 5 in the Chase 5/24 rule. The rule states that Chase won’t approve you for most of their credit cards if you’ve opened five or more from any bank over the past 24 months. Once you’ve checked the minimum credit score against your own and found you met it, there are a few other things you can do to improve your chances of getting a new card from Chase. How Can I Get Approved for a Chase Credit Card? You don’t want to apply for a card you have no chance of getting because whether you’re approved or not, it impacts your score. And the impact of an inquiry fades rapidly.īefore you apply for a Chase credit card, check the minimum score required to be approved and check your credit score to see if you measure up. You may see a slight drop in scores at first, but a single inquiry for a credit card is not likely to have a substantial effect. When you apply for a credit card, the company will check your credit report as part of the approval process.Ī hard inquiry will appear on your report showing that the company requested it. Let’s dive in.īefore you apply for a new credit card, understand the impact doing so has on your credit score. This post explains how to check your Chase credit card application status (and what to do if you’re denied). However, if your credit score is less than stellar, you won’t get instant approval. If you’re into travel rewards there’s the Sapphire Reserve cashback lovers will appreciate the Chase Freedom Unlimited if you’re industrious there’s the Ink Business Preferred.
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