Denied for Ink Preferred How Long to Apply Again
You just clicked "submit" on your application for a new Chase credit card, and the few seconds it took to make up one's mind your fate felt like a lifetime. If you're lucky plenty to have received instant approving, you can rest easy knowing y'all'll take your new card in a few days.
But that isn't e'er the case. If you aren't approved instantly and your Chase credit card application status is awaiting, don't worry and assume the worst notwithstanding.
There are a handful of reasons why you might not have received an immediate approval from the credit card issuer. Even something as simple as a typo could send your credit bill of fare application to the "nether review" pile. This additional review process generally takes anywhere from seven to 10 business days, although in some cases, it could take up to 30 days.
While it tin be a elevate, if you get in knowing what to await, it might make the process a fiddling more endurable.
In this article
- What it means if your Chase application condition is under review
- Possible outcomes
- Chase business concern credit card applications
- How to check the status of your Chase application
- Bank check Hunt awarding status online
- Check Chase application status by phone
- How to better your chances of being approved
- If your Hunt credit card application is denied
- Alternatives to Chase cards
- Commonly asked questions well-nigh Chase awarding status
- The bottom line
What it means if your Chase application status is under review
Information technology'south understandable to feel anxious after finding out yous weren't instantly approved for a credit menu. Yous might fifty-fifty consider scouring your entire credit profile to identify what it was exactly that now requires farther review.
Effort not to overthink it. While instant approval is ideal, being notified that your awarding is under review doesn't automatically mean you're on the edge of beingness denied. Particularly if you are applying for a concern bill of fare, Chase may simply have boosted questions for you.
As your application undergoes further review, Chase volition consider the following to make a decision:
- Credit history
- Income
- Debt
- Housing status
- Number of recently-opened credit cards
Information technology'southward generally all the same information normally used to make a conclusion, but since the criteria required to trigger an instant approval may not have been met, someone at Chase will have to have a closer wait manually.
Possible outcomes
Once a decision is made, you'll likely be notified by mail or email as to whether or not you were approved. If you were canonical, y'all'll notice out what your credit limit is and when to await your new carte du jour in the mail.
It'south likewise possible that Chase will request additional information to help in the decision-making procedure. This could exist anything from proof of income to correcting mistakes that may have been made on the initial application.
Chase concern credit card applications
If you lot're applying for a business credit card from Chase, it'southward likely you won't be instantly approved. The Chase Ink business organisation cards are very popular, particularly with those who also have other Chase cards that earn Ultimate Rewards, as yous tin pool your points beyond your accounts. With generous sign-up offers, loftier rewards rates on purchases, and spending ability that'southward valuable to any business, there is little wonder why so many people apply for these powerful small-scale business cards.
Merely getting approved for a business card is a little more complicated than for a consumer bill of fare. At that place may exist more information than your credit history that needs to exist verified, which tin can upshot in a longer waiting period when information technology comes to an approval conclusion. A recent call to Hunt Ink Business organization' client service revealed that they receive so many applications that it takes at least seven to 10 business days to review all the data before a conclusion is reached.
If you're worried most the time it's taking to get a response from Chase about your business organisation credit card application, calling customer service is your best bet. Don't call the reconsideration line unless you've received a find that your application was denied. Doing this volition maybe issue in more questions to respond while your awarding is even so nether review, which unnecessarily complicates the process. Sometimes but waiting to hear from Hunt is the best strategy.
How to check the status of your Chase application
If yous find you lot're too eager to await the decision, you can actually check your Chase credit bill of fare condition as often as you desire by logging into your account or calling for an update.
Check Hunt awarding status online
To bank check your credit card awarding status online, visit Chase.com, log in to your Chase account, and click the icon in the top left corner to pull upwards the main bill of fare. From at that place, nether "Explore Products," you should run into the option "Application condition." This will open your application activeness.
Check Hunt application condition by phone
The other selection is to call customer service for Hunt credit cards and go through the automated system or speak to a representative straight. To check the condition of personal credit cards using the automatic arrangement, phone call the status line telephone number: ane-800-432-3117. Follow the instructions to become to the credit card blessing section of the directory. Once there, you'll need to enter your Social Security number to retrieve the application.
For business organization credit cards, call this phone number to cheque the status of your application: one-800-453-9719.
How to amend your chances of existence canonical
The criteria y'all need to qualify varies from bill of fare to menu, but at that place are a few things yous can do that can help fix you upwardly for success.
- Improve your credit score: Since it's one of the leading factors of whether or not you'll be approved, y'all should know if your credit score aligns with the credit bill of fare yous're applying for. If it means having to wait a little longer, it might brand sense to piece of work on improving your score to increase your chances of being approved.
- Exist mindful of credit utilization: Chase is going to look at whether or not you lot've been treatment your credit responsibly, and this includes checking how much credit you lot're currently using. If yous're maxing out credit cards or conveying over high balances calendar month to month, they'll see this as a red flag.
- Keep the Hunt 5/24 rule in mind: Hunt has been known to operate under a piddling rule called Hunt 5/24. Though these sorts of awarding rules are unofficial, this ane pretty much means if y'all've signed up for five new accounts in the past 24 months, y'all stand little gamble of being approved for a new credit menu inside that fourth dimension frame. This includes all credit carte du jour accounts from all credit card issuers — not simply Hunt.
If your Chase credit menu application is denied
Unfortunately, information technology happens. If your application is denied, consider calling the Chase reconsideration line, which is 1-888-270-2127. There'south no guarantee, of course, but it may be worth trying if your circumstances accept changed or y'all wish to further explain something on your application.
If yous can't persuade them in your favor, yous may take to focus on what yous tin practice yourself to improve your chances going frontward. Depending on your situation, this might mean taking some time to improve your credit score, reduce debt, or let the dust settle if you've recently applied for multiple cards.
Alternatives to Chase cards
If y'all aren't approved for a Chase carte, y'all may still have some options, depending on your situation. If you take a decent credit score and you're over 5/24, you might desire to consider applying for a credit card from a different issuer. For instance, The Platinum Menu® from American Express is a top travel rewards carte du jour that offers comparable — and maybe even amend — perks than the Hunt Sapphire Reserve card.
Every bit a new Amex Platinum cardmember, y'all can earn 100,000 Membership Rewards points when you lot spend $6,000 in the kickoff half-dozen months. Plus, this rewards menu offers Membership Rewards points on . Amex Platinum cardmembers also get summit-tier benefits like drome lounge access, elite status with Marriott Bonvoy and Hilton Honors, a argument credit for TSA PreCheck or Global Entry, and Uber VIP status. While information technology does have a hefty annual fee of $695 (See rates and fees), information technology's possible to offset that cost if y'all can take advantage of this menu's many perks. Notation that select benefits require enrollment.
If y'all have less-than-stellar credit, but you're working toward improving information technology, the Upper-case letter I QuicksilverOne Cash Rewards carte may be worth because. It'southward arguably ane of the all-time credit cards for off-white credit because information technology earns cashback rewards. Typically, it's difficult to get approved for a rewards credit carte du jour with fair or average credit, but this card is oftentimes an exception to that rule. It carries a reasonable $39 almanac fee, and yous go unlimited 1.5% cash back on every buy; plus 5% greenbacks dorsum on hotels and rental cars booked through Capital 1 Travel. Plus, you lot'll likewise automatically be considered for a credit line increment every six months, which may aid improve your credit utilization. With responsible use, you could be on your way to a better credit score over time. If you're looking for a card with no annual fee, see our list of the best no almanac fee credit cards. Or, if you're interested in learning more about rewards cards, cheque out our list of the best cash back credit cards to meet our top picks.
Commonly asked questions about Hunt application status
How long does it take to become canonical for a Chase credit card?
While you may be eager to outset taking advantage of Ultimate Rewards right abroad, credit card approval timelines may vary. If you practical online or through your mobile device, you lot may receive an application decision within minutes. If you didn't receive an immediate blessing, the approving process may take 7 to ten business days.
Does Chase accept 24/7 customer service?
Yes. As an existing or prospective Chase customer, you can call Chase credit carte du jour support and speak to an agent 24 hours a day, vii days a week at one-800-432-3117.
Does Chase ever approve credit card applications instantly?
In some cases, you may receive an instant, or aforementioned-day, credit bill of fare approving online, if you are eligible. Some cards will even enable you to earn bonus points by spending money before long subsequently your account opening. Alternatively, you may receive an email saying more time is needed or that you need to call in with more information. If you don't receive an instant credit card application conclusion, you can always reach out to a Chase credit card support agent at one-800-432-3117 for an update.
Is it difficult to go approved for a Chase credit card?
Approval for a Hunt credit menu volition vary with the card being applied for and with each applicant. Some Chase cards, similar the Chase Sapphire Preferred, Disney Visa, and the Chase Freedom Unlimited, require a good to first-class credit score. Other cards require a fair credit score. Other factors, such every bit income and existing debt, are also used to determine credit card approvals. The best way to meliorate your odds of being approved for a Chase credit menu is to piece of work on raising your credit score.
Can I apply for the Chase Freedom Unlimited if I have the Chase Freedom?
Yeah, yous tin employ for the Chase Liberty Unlimited credit card, even if you already have the Chase Freedom card. These rewards credit cards are two separate Hunt products with different rewards structures. That said, exist aware that Hunt does keep an eye on how many cards yous've been applying for overall, so y'all may want to read upwardly on the 5/24 rule.
Tin can yous take 2 Chase business cards?
Chase doesn't accept whatever documentation when it comes to how many Hunt concern cards you can have. So while nosotros don't know the maximum number of Hunt business cards you tin have, you can definitely take more than than 1. However, before you apply for two Ink Business cards, consider Hunt's two/30 dominion.
The Chase 2/xxx dominion is an unwritten policy backed up past many data points in the points-and-miles community. It indicates that if you've been canonical for two Chase cards within the past thirty days, y'all're not probable to be canonical again. So if you lot've added the Chase Ink Business Preferred and the United Club Business concern cards to your wallet in the past calendar month, information technology'due south unlikely yous'll be approved for some other business credit carte du jour. Some sources study that the limit is two consumer cards and ane business organisation card.
Since this is a generalized guideline and non a concrete rule, experiences may vary. But if you don't desire to risk too many hard inquiries to your credit report, it'south a good idea to keep the 2/30 dominion in mind earlier submitting your application and when evaluating your chances of approval.
The bottom line
Getting denied for a credit menu stinks, only it doesn't mean it'due south the end of the road. If yous take your heart set up on a specific Chase card, go through your credit study and locate whatsoever weak points that may take been a cistron in their decision. Use this as an opportunity to encounter where you tin improve and start making moves. If yous're open to applying for a credit card from a dissimilar issuer, several other options offer valuable perks like cash back and no almanac fees.
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Source: https://financebuzz.com/chase-application-status
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