Credit Card Needs to Review My Request a Little Longer
Y'all just clicked "submit" on your awarding for a new Chase credit card, and the few seconds it took to decide your fate felt like a lifetime. If you're lucky enough to have received instant blessing, you tin can residuum easy knowing yous'll have your new carte in a few days.
Merely that isn't always the instance. If you lot aren't approved instantly and your Hunt credit card application condition is pending, don't worry and presume the worst yet.
In that location are a handful of reasons why you might not accept received an immediate approval from the credit carte issuer. Even something every bit simple as a typo could send your credit card application to the "under review" pile. This additional review procedure mostly takes anywhere from vii to ten business days, although in some cases, it could accept upward to 30 days.
While it tin can be a drag, if you become in knowing what to wait, it might brand the process a fiddling more bearable.
In this article
- What it means if your Chase application status is under review
- Possible outcomes
- Chase business credit carte du jour applications
- How to cheque the status of your Chase application
- Check Hunt application status online
- Cheque Chase awarding status by telephone
- How to improve your chances of being approved
- If your Hunt credit carte awarding is denied
- Alternatives to Chase cards
- Ordinarily asked questions nearly Chase application status
- The bottom line
What it means if your Chase application status is under review
It'southward understandable to experience anxious after finding out you weren't instantly approved for a credit bill of fare. You might fifty-fifty consider scouring your entire credit profile to place what it was exactly that at present requires farther review.
Try not to overthink information technology. While instant approving is platonic, being notified that your application is under review doesn't automatically mean you're on the edge of existence denied. Especially if you are applying for a business organisation carte, Chase may simply take additional questions for you.
As your application undergoes further review, Chase will consider the following to make a decision:
- Credit history
- Income
- Debt
- Housing status
- Number of recently-opened credit cards
It'southward generally nonetheless data ordinarily used to make a decision, but since the criteria required to trigger an instant blessing may non have been met, someone at Chase will have to take a closer look manually.
Possible outcomes
Once a determination is made, you'll likely be notified by post or electronic mail as to whether or non you were approved. If you were approved, you lot'll observe out what your credit limit is and when to expect your new carte du jour in the mail service.
It's also possible that Chase volition request boosted data to aid in the controlling process. This could be annihilation from proof of income to correcting mistakes that may take been fabricated on the initial application.
Chase business credit carte du jour applications
If you're applying for a business organisation credit menu from Chase, information technology'southward probable you won't exist instantly canonical. The Hunt Ink business organization cards are very pop, particularly with those who also have other Chase cards that earn Ultimate Rewards, every bit you can pool your points across your accounts. With generous sign-up offers, high rewards rates on purchases, and spending power that's valuable to any business, in that location is piffling wonder why so many people apply for these powerful small business cards.
Just getting approved for a business card is a little more complicated than for a consumer card. There may be more information than your credit history that needs to exist verified, which can result in a longer waiting period when it comes to an approval decision. A recent call to Hunt Ink Business organisation' customer service revealed that they receive so many applications that it takes at to the lowest degree seven to 10 concern days to review all the data before a conclusion is reached.
If y'all're worried almost the fourth dimension information technology'south taking to get a response from Chase nearly your business concern credit carte du jour application, calling customer service is your best bet. Don't call the reconsideration line unless you've received a notice that your application was denied. Doing this will possibly result in more than questions to answer while your application is still under review, which unnecessarily complicates the process. Sometimes but waiting to hear from Hunt is the best strategy.
How to cheque the condition of your Chase application
If you find you're likewise eager to await the decision, you lot can actually check your Hunt credit card status as often as you lot want by logging into your account or calling for an update.
Cheque Chase application condition online
To check your credit card application condition online, visit Chase.com, log in to your Chase account, and click the icon in the top left corner to pull up the main menu. From there, under "Explore Products," you should see the option "Application status." This volition open up your application activity.
Bank check Chase awarding status by phone
The other option is to phone call customer service for Hunt credit cards and go through the automated system or speak to a representative directly. To cheque the status of personal credit cards using the automated system, call the condition line phone number: ane-800-432-3117. Follow the instructions to get to the credit bill of fare approval department of the directory. In one case there, you'll need to enter your Social Security number to retrieve the application.
For business credit cards, call this telephone number to check the condition of your application: i-800-453-9719.
How to better your chances of being approved
The criteria you need to qualify varies from card to card, just there are a few things yous tin exercise that can help fix you up for success.
- Amend your credit score: Since it'south one of the leading factors of whether or not y'all'll be approved, you lot should know if your credit score aligns with the credit bill of fare you're applying for. If it means having to wait a little longer, it might make sense to work on improving your score to increase your chances of being approved.
- Be mindful of credit utilization: Chase is going to look at whether or not you've been handling your credit responsibly, and this includes checking how much credit you're currently using. If you're maxing out credit cards or conveying over high balances month to month, they'll see this as a red flag.
- Keep the Chase 5/24 dominion in mind: Hunt has been known to operate under a fiddling rule called Chase 5/24. Though these sorts of application rules are unofficial, this one pretty much means if you've signed upwards for 5 new accounts in the past 24 months, you stand up trivial chance of being canonical for a new credit card inside that time frame. This includes all credit card accounts from all credit carte du jour issuers — non merely Chase.
If your Hunt credit bill of fare application is denied
Unfortunately, it happens. If your application is denied, consider calling the Chase reconsideration line, which is one-888-270-2127. In that location'southward no guarantee, of course, but it may be worth trying if your circumstances have inverse or you lot wish to farther explicate something on your application.
If you can't persuade them in your favor, you lot may have to focus on what you can exercise yourself to meliorate your chances going forward. Depending on your situation, this might mean taking some time to improve your credit score, reduce debt, or let the grit settle if you've recently practical for multiple cards.
Alternatives to Chase cards
If you aren't canonical for a Hunt card, you may however have some options, depending on your state of affairs. If you have a decent credit score and you're over 5/24, you might want to consider applying for a credit card from a different issuer. For instance, The Platinum Card® from American Express is a top travel rewards card that offers comparable — and maybe even better — perks than the Chase Sapphire Reserve card.
As a new Amex Platinum cardmember, you tin can earn 100,000 Membership Rewards points when you spend $6,000 in the first vi months. Plus, this rewards card offers Membership Rewards points on . Amex Platinum cardmembers as well get top-tier benefits like airport lounge access, elite status with Marriott Bonvoy and Hilton Honors, a statement credit for TSA PreCheck or Global Entry, and Uber VIP condition. While information technology does accept a hefty annual fee of $695 (See rates and fees), it's possible to offset that cost if you can take reward of this card'due south many perks. Note that select benefits crave enrollment.
If you have less-than-stellar credit, simply you're working toward improving information technology, the Capital One QuicksilverOne Cash Rewards card may be worth considering. Information technology's arguably one of the best credit cards for off-white credit because it earns cashback rewards. Typically, it's difficult to become approved for a rewards credit bill of fare with off-white or average credit, simply this menu is often an exception to that dominion. It carries a reasonable $39 annual fee, and you get unlimited 1.five% cash dorsum on every purchase. Plus, you'll likewise automatically exist considered for a credit line increment every half dozen months, which may help improve your credit utilization. With responsible use, you could exist on your style to a better credit score over time. If y'all're looking for a carte with no annual fee, see our list of the best no almanac fee credit cards. Or, if yous're interested in learning more than about rewards cards, cheque out our list of the best cash back credit cards to run into our pinnacle picks.
Commonly asked questions about Chase application status
How long does it take to go approved for a Chase credit card?
While you may be eager to start taking advantage of Ultimate Rewards right away, credit carte du jour blessing timelines may vary. If you applied online or through your mobile device, y'all may receive an application determination within minutes. If you didn't receive an firsthand approval, the approval procedure may have seven to x business days.
Does Chase have 24/seven customer service?
Yes. As an existing or prospective Chase customer, yous tin can call Chase credit card support and speak to an agent 24 hours a day, seven days a week at 1-800-432-3117.
Does Chase always corroborate credit card applications instantly?
In some cases, you may receive an instant, or aforementioned-day, credit carte approving online, if y'all are eligible. Some cards will even enable you to earn bonus points by spending money soon after your account opening. Alternatively, y'all may receive an email saying more time is needed or that you need to call in with more data. If you don't receive an instant credit card application conclusion, yous can always achieve out to a Hunt credit carte du jour back up agent at 1-800-432-3117 for an update.
Is information technology hard to get approved for a Chase credit bill of fare?
Approval for a Chase credit bill of fare will vary with the carte beingness practical for and with each applicant. Some Chase cards, like the Hunt Sapphire Preferred, Disney Visa, and the Hunt Freedom Unlimited, require a good to fantabulous credit score. Other cards crave a fair credit score. Other factors, such as income and existing debt, are also used to determine credit carte approvals. The all-time way to improve your odds of being approved for a Hunt credit card is to work on raising your credit score.
Tin can I apply for the Chase Freedom Unlimited if I have the Chase Freedom?
Yes, you can apply for the Chase Freedom Unlimited credit carte du jour, even if you already have the Hunt Freedom card. These rewards credit cards are two separate Hunt products with dissimilar rewards structures. That said, be aware that Chase does keep an heart on how many cards you've been applying for overall, so you may want to read upwardly on the 5/24 rule.
Can you take two Chase business cards?
Chase doesn't accept whatsoever documentation when it comes to how many Chase business cards you tin have. So while we don't know the maximum number of Chase business concern cards you can take, you tin definitely have more than one. Withal, before yous use for two Ink Business cards, consider Hunt's 2/30 rule.
The Chase 2/thirty dominion is an unwritten policy backed upwardly by many data points in the points-and-miles community. It indicates that if you've been canonical for two Hunt cards inside the past thirty days, yous're not likely to be approved once again. So if yous've added the Chase Ink Business Preferred and the United Club Business cards to your wallet in the past month, information technology's unlikely you'll be approved for another business credit card. Some sources report that the limit is two consumer cards and one business carte.
Since this is a generalized guideline and not a concrete dominion, experiences may vary. But if you don't want to gamble as well many difficult inquiries to your credit report, it'southward a good idea to go along the ii/30 rule in mind before submitting your application and when evaluating your chances of approval.
The lesser line
Getting denied for a credit carte stinks, but it doesn't hateful it's the end of the route. If you have your eye assail a specific Chase card, go through your credit report and locate whatsoever weak points that may have been a factor in their determination. Use this equally an opportunity to see where you can improve and commencement making moves. If yous're open to applying for a credit carte du jour from a different issuer, several other options offering valuable perks like greenbacks dorsum and no almanac fees.
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Source: https://financebuzz.com/chase-application-status
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