Saturday, December 17, 2011

How long does it take to receive a credit card?

I'm thinking of applying for my first credit card. How long does it usually take to get approved and receive the card in the mail? I have basically no credit history, but I have a fairly high income for my age and doubt I'll have any problems getting approved for an introductory card. I ask because I am moving at the end of the month and want to avoid the hassle of trying to get the card forwarded.





Also, just out of curiosity, do they do anything to verify your employment?|||Let me share my experience with you. If you apply via online or by the bank you will get response in 3 to 5 business days if you are approved or not. If it is your first credit card and you have no credit history what so ever you are not going to get approved unless you get an offer by mail.





I dont recommend you to get this offers because most of the times they give you really high interest rates. I suggest you open a secured credit line. This is you get a credit line backed up by your savings account. I started with $500 credit line 2 years ago and now i have near $10,000 of credit line. I am still debt free and no problems whats so ever.





Yes the bank and credit institution will verify all your information including employment and bank activities.|||Our credit card issuers just ask to see your pay slip and do a credit search on you. If they come up with absolutely no credit history they will want to look at your banking activity to see that you are for real. They may also phone your employer.





Now I get a card within postal delay, but you might take longer.|||It may take two to three weeks to receive your card unless you request fast shipping service. Yes they will verify employment etc.

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