Credit Card Application Under Review Will Get Letter

Credit card awarding pending? Don't worry, follow these steps

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Take you ever received an "application pending" screen after applying for a credit bill of fare? If not, let me tell y'all how deflating it is. Evaluating your travel goals, choosing the perfect rewards credit card with the perfect welcome bonus, and filling out the application takes mental energy. By the time y'all click the submit push, you're already concocting trips with the card'south giant welcome bonus.

The terminal thing y'all desire to run into on the next folio is "DECLINED" or "PENDING." If yous apply for lots of credit cards(like us) so it'll happen to y'all at some betoken. Just remember that it'south normal. Everyone on the team has seen this message before, and nosotros take actually skillful credit.

I'll explain what to do about it and why this message might announced. And be sure to read our credit carte application tips to practice before opening your next travel carte.

What 'application pending' and 'under farther review' ways

Banks tout their ability to give you a credit bill of fare application verdict "in threescore seconds" (or something similar). However, you almost certainly won't receive an immediate answer if you apply for credit cards at the rate of normal MMS readers.

If after you submit your application you're taken to a landing page that says "application pending" or "under farther review," that'south non bad news. The bank is simply saying, "I don't know yet, I'll get to information technology every bit soon as I can." Yes, it's always best to be canonical on the spot, but a "pending" status doesn't mean you've been denied.

Why your application may need further review

The factors credit card issuers employ to decide whether to corroborate an application we simply practise not know — nor does anyone else. It goes beyond only a uncomplicated credit score.

Hither are some examples.

Credit card application restrictions

Each credit carte du jour comes with its own set of rules for blessing. If you've violated these rules, yous're either unlikely to be approved for the bill of fare or unlikely to earn the card's welcome bonus. Here are some examples of credit card application rules

Hunt v/24 dominion: If yous've opened five or more than cards from any bank (excluding most pocket-size business cards), you won't exist approved for the all-time Hunt credit cards
Chase Sapphire dominion: Y'all tin can merely open a Hunt Sapphire card if you don't currently have i. In other words, if you have the Chase Sapphire Preferred® Bill of fare, you can't open the Hunt Sapphire Reserve® unless yous first abolish/downgrade your Sapphire Preferred.
Banking concern of America 24-month rule: You can't open sure Bank of America cards more than once every 24 months
Citi AA 48-month rule: You tin't earn the aforementioned American Airlines bill of fare bonus more once every 48 months

Subscribe to our newsletterand y'all'll learn these rules in no time. They're much less intimidating than they audio.

Inconsistent application information

Each time y'all requesta credit bill of fare, the banking concern looks at your credit report to see your credit history and scores. But they besides look at personal information similar your name and address to see if information technology matches your credit application.

Your name and address may differ from your file if you've moved or changed your name. A quick call can clear the mode towards an approving.

Fraud prevention

Perhaps y'all've practical for several credit cards recently, or this is your second credit card awarding in the same day. Banks desire to make sure it'south you submitting the credit card application and not someone else using your personal information. When you telephone call, yous might just take to confirm it was you looking for a new credit card.

One of my recent applications went to "pending," and said the bank needed me to call them. I called, and the agent pulled up my application and immediately approved me. She didn't even ask me a single question!

Income verification

On occasion, the banking company won't approve your card right away because they'd like yous to confirm the income you lot've reported on the sign-up class. Some of us on the team accept (very rarely) had to provide Amex with tax returns to verify income. This is admittedly non typically required, only it'due south a good reminder to be honest about your income.

Forth these same lines, if yous're applying for a small business organisation menu, the bank may want more information on what kind of a business organisation you lot've got.

Your credit is frozen

If you've frozen your credit with Equifax, Experian or TransUnion (this is very intentional — you know if your credit is frozen), y'all'll want to unfreeze it before applying for credit.

Credit study concerns

Your score may be in the loftier-700s, merely if you've got some delinquent accounts in your credit report, or peradventure filed bankruptcy eight years agone, card issuers volition accept that into business relationship.

My friend'due south application with Chase went pending a few years ago because there was an unpaid medical bill on her credit study. She knew this bill was paid off and explained the state of affairs to the credit representative who then approved her application. Situations similar this is why information technology's a skilful thought to cheque your credit written report occasionally to brand sure it's accurate.

Decorated at the bank

Sometimes banks get overloaded because of the popularity of a terrific express-fourth dimension offering. They might move your application to awaiting to accept more time to review it.

How long does it accept to review a credit card application?

If yous're not instantly approved, it tin accept several days, even a couple weeks, to acquire that you've been denied. They'll transport you a alphabetic character with the reasons why, and also provide your credit score from the agency they used to pull your credit. To speed up the process, virtually banks possess an automated number or a website that gives yous condition updates on your awaiting application. Y'all can check these every bit oft equally you similar.

If your application ends up being approved, you'll usually receive a welcome email explaining the state of affairs.

What to do if your application is pending

To find out why you oasis't been immediately approved, you can call the banking concern and ask for the reconsideration section. Yous'll usually get to speak to a credit representative to discover out what's going on. If you have a checking or savings account at the same bank, sometimes your broker tin contact the credit card department to see what data they are looking for.

Nonetheless, we strongly suggest that you not contact the card issuer untilafterwards you've received that formal rejection letter in the post. After all, you may nevertheless be canonical for the card. If yous wait until you receive that answer, y'all're basically getting 2 shots at beingness canonical. You can and then telephone call afterthought and plead your case. Read our five tips to make your afterthought phone call a success.

Bottom line

If your application is nether further review, that's not bad news! In that location could be several reasons for the holdup, several of which are like shooting fish in a barrel fixes. Maybe they just need you to confirm your accost or income. Just don't call right away — let them give you a full explanation of why you were denied, and then prepare to plead your case with the reconsideration line.

Read our postal service on how and when to apply for credit cards. And for more credit carte tips,subscribe to our newsletter!

Hunt Sapphire Preferred® Card

Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $i,000 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as a $fifty almanac Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Get 25% more value when y'all redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
Count on Trip Counterfoil/Interruption Insurance, Motorcar Rental Collision Damage Waiver, Lost Luggage Insurance and more than.

Intro April on purchases

N/A

Regular April

16.24%-23.24% Variable

Balance Transfer Fee

Either $five or 5% of the amount of each transfer, whichever is greater.

Rates & Fees

Annual Fee $95

Other

Credit Needed Excellent / Good

Issuer Chase

Carte Type Visa

Joseph Hostetler is a full-fourth dimension writer for Million Mile Secrets, roofing miles and points tips and tricks, as well as helpful travel-related news and deals. He has also authored and edited for The Points Guy.

Editorial Note: We're the Meg Mile Secrets squad. And we're proud of our content, opinions and assay, and of our reader's comments. These oasis't been reviewed, canonical or endorsed by any of the airlines, hotels, or credit card issuers which nosotros often write about. And that's only how nosotros similar information technology! :)

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