Waiting for your credit card to arrive in the mail can feel like a waste of time, especially when you’re eager to start making purchases with your new credit line. Consider the following options to speed up the process.
1. Seek instant approval options
Some credit card companies offer instant approval options so you can start earning rewards and building credit faster. While instant approval options can give you an answer on whether your application is successful, you may still have to wait a few days before the piece of plastic arrives in the mail. Also, instant approval does not mean guaranteed approval. Your application can still be denied if you fail to satisfy the eligibility requirements.
2. Opt for faster shipping
Once your application has been approved, most credit card companies will mail your card to you. The time it takes for your card to arrive can vary, but it’s generally around seven-to-ten business days, sometimes up to two weeks.
If you want to start tapping your credit line sooner, consider opting for expedited card delivery. Depending on the financial institution or credit card company, you may have to pay extra for this service. Still, you could potentially receive your card in fewer business days if this option is available.
3. Use virtual cards
Virtual credit cards can replace physical cards for some purchases by providing almost the same function, allowing you to shop online and in-store via a digital wallet. Plus, not carrying a physical card can be liberating since you won’t worry about misplacing it.
If you plan to solely access your credit line online or via a digital wallet, consider applying for an entirely virtual credit card.
When you apply for a virtual credit card, you typically go through the same review process that you would with a tangible one. Besides your credit score, the financial institution or credit card company may consider factors like income, debt obligations, and living expenses to assess your eligibility.
If you sign up with Chime, you’ll get a temporary card that you can use immediately for digital and online purchases. You can view your temporary card number in the Chime app before your physical card arrives.
4. Apply for instant use cards
Once your application is approved, some financial institutions or credit card companies may immediately provide you with an instant card number, expiration date, and three-digit code. To access your credit line, you can add this information to a digital wallet like Apple Pay or Google Pay.
