Does 7 10 Days Mean Denial?

7-10 Days Status Message A 7-10 day message typically means that your application has been denied. You can either wait for the rejection letter or call Chase reconsideration line at 1-888-270-2127 and plead your case. In some situations, Chase merely needs to verify some of your information.

How long does it take Chase to make a decision?

7-10 business days
If you don’t get an immediate approval, you will most likely get a decision in 7-10 business days. However, sometimes it can take up to 30 days.

What does it mean when you are not instantly approved for a credit card?

If you don’t receive an instant decision on your credit card application, don’t jump to the conclusion that your application has been denied. “application pending” and “under further review” mean the card issuer hasn’t approved or denied your application yet.

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How do I know if I was approved for Chase credit card?

To check your Chase credit card application status by phone, call (800) 432-3117, follow the prompts and enter your Social Security number. To check your application status online, log into your account, click the main menu symbol at the top left of the page (three horizontal lines), and select “Application status.”

What does it mean when Chase says you’re already approved?

According to some comments over at Doctor of Credit, these “You’re already approved” offers have been showing for a while with fixed-APR offers (which is the usual indication that a Chase offer is a true pre-approval rather than a simple advertisement).

What is the 5 24 rule?

What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.

Does Chase ask for proof of income?

In some cases Chase has asked for a W2 or most recent paystub and in other cases only a verbally verification has been done. At this stage most credit card applications are being approved without this secondary check being done.

How long does it take for a credit card to get approved?

Getting approved for a credit card can take as little as 60 seconds once you fill out an online application and hit “submit.” However, it may take a few days, or even a few weeks, to receive an email from a card issuer that says whether you’re approved or not.

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How long do Chase credit cards take to arrive?

about 7 to 10 business days
It takes about 7 to 10 business days for a new Chase credit card to arrive once it’s been sent. For a replacement Chase credit card, it will take 3 to 5 business days. New cards are sent out a few days after approval while replacement cards get sent out soon after the request.

Is it hard to get a credit card with Chase?

In general, Chase credit cards aren’t the easiest to get since most require a good or excellent credit score for approval (700 or more). Most of those requirements are pretty standard, although some credit card companies offer cards to people with lower scores.

Is there a way around Chase 5 24 rule?

Go to Chase official website, click Main Menu – “Just for you”. If you can see “SELECTED FOR YOU” with green check mark, then you can bypass the 5/24 rule with these links! Other words don’t count, even with a green check mark.

Do closed accounts Count 5 24?

Download a copy of your free credit report from one of the three bureaus (Transunion, Equifax or Experian) and count all the credit card accounts that you’ve been approved for in the last 24 months (also count closed accounts). Add up all these credit card accounts to get your 5/24 score.

What credit card companies use the 5 24 rule?

Cards You Can Get If You’re Over the 5/24 Rule
That means you can get these cards if you’ve opened five or more accounts in the last 24 months: Amazon Rewards Visa Signature. Marriott Rewards Premier Business. British Airways Visa Signature.

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How many inquiries is too many for Chase?

The Chase 5/24 rule is a restriction on who can apply for Chase credit cards. 5/24 is an mnemonic code for “five credit card inquiries in the past 24 months.” If you have more than five inquiries, you will likely be denied a Chase credit card.

What is the golden rule of credit cards?

I follow the two golden rules: I pay my credit cards on time and I pay the statement balance in full every month. It is the no-interest payments that allow me to come out ahead of the credit card companies.

Does closing old credit cards hurt your score?

A credit card can be canceled without harming your credit score⁠; just remember that paying down credit card balances first (not just the one you’re canceling) is key. Closing a charge card won’t affect your credit history (history is a factor in your overall credit score).

Can you lie about income for credit increase?

Boosting your annual income figures can cost you more than it’s worth. Lying on a credit card application may sound like a harmless way of getting a higher credit limit or getting a better credit card. But, the truth is, it’s illegal and the consequences can be severe.

Should I tell Chase my income?

You’re required to provide your income when you apply for a new card. Once you’re approved for the card, updating your income is voluntary. Typically, there are no repercussions if you don’t update your income. But if your account is flagged for a review, not updating your income could affect your account.

Does Chase automatically increase credit limit?

Chase may automatically increase your credit limit every six to 12 months if you’re a borrower in good standing. Whether or not Chase will automatically increase your credit line depends on several factors, including your credit score, account history and credit utilization.

What is credit approval process?

Credit evaluation and approval is the process a business or an individual must go through to become eligible for a loan or to pay for goods and services over an extended period. It also refers to the process businesses or lenders undertake when evaluating a request for credit.

How long should I wait to apply for another credit card after being denied?

six months to one year
WalletHub, Financial Company
You should wait six months to one year between credit card applications in most cases, regardless of whether your last application was approved or denied. Most people’s credit scores will bounce back from a credit card application in about six months.