Credit Tips: How Long Does it Take to Get Approved For a Credit Card?

Posted On: June 1, 2006

Author: bullet875
Posted: Thu Mar 16, 2006 7:51 pm
Post subject: How long should it take to get an approval?

I applied for a chase Priority Club Visa on Sunday and did not get an automatic aaproval. I think that it is because of my recent app spree…lol. Anywqay, How long should it take before I hear back from them? Will it really be 30 days? What do you think my chances are for approval?

My scores are as follows; Ex 742 Tu 745 EQ 752 My FICO 768

Income: 104k annually

Total credit limit 70K

Total utilization; under 2%

Thanks for any insight!

Author: TomfromCT
Posted: Thu Mar 16, 2006 8:13 pm
Post subject:

I see no reason why you wouldn’t. Unless there is something about your credit app spree that worries them. They may be asking themselves why the heck you are doing such a thing in light of your access to 70k in credit.

Keep us posted with the time of repsonse and the decision.

Author: bullet875
Posted: Thu Mar 16, 2006 8:29 pm
Post subject: I’ll let you know…

My spree was because I found the joy of rewards cards. I have a different one for everything that i do so that I can maximize rewards. Here’s my plan:

I have 3 cards that give 5% back each on drugstores, groceries, and gas. I will hit my rewards limits on all three annually, which is why I have 3 instead of just 1.

I have a card for Costco (they only accept American Express).

I have a Disney Card to use for Disney World. I saved 20% on two tours ($300)for a total of $60 saved. I will also get 10% off in the parks on merchandise and use that for the Disney Video club (got 6 movies for $25). I can also book Disney vacations and receive 6 months at 0% intrest financing.

I have an Advanta Small Business card: get 5% back on utilities, internet, telecom, and office suplies.I am starting a small public relations and advertising frim and can use this!

I also have the citi Professional that I opened to receive the $100 gift cert bonus. I will use this as it gives 3% back on car rentals. Will only use this to rent a car.

I also got a Charles Schwab and Citi Simplicity cards for the $100 each in gift/prepaid visa cards they offered as bonuses. I wouldn’t mind closing these as I’ll never use them again.

I have a HHilton Amex to use only for stays at Hilton properties and want a Priority card for stays at Priority Club hotels (these will not be used at any other time)

That’s why I had my spree and that’s my plan..lol. I pay everything with credit and PIF monthly so that I can maximize my rewards.

Now I just hope that I get the Priority Club card. It’s the last one that I need or want.

Author: Alexis Rios
Posted: Thu Mar 16, 2006 9:36 pm
Post subject: Re: How long should it take to get an approval?

bullet875 wrote:
I applied for a chase Priority Club Visa on Sunday and did not get an automatic aaproval. I think that it is because of my recent app spree…lol. Anywqay, How long should it take before I hear back from them? Will it really be 30 days? What do you think my chances are for approval?

My scores are as follows; Ex 742 Tu 745 EQ 752 My FICO 768

Income: 104k annually

Total credit limit 70K

Total utilization; under 2%

Thanks for any insight!

If i’m correct , Priority Club Visa is a Chase card. Chase didn’t perform instant approvals. My advice is to wait 2 or 3 days , and then to call to a CSR to check the status.