credit card approval response within 30 days?

Question

i applied for a credit card and at the end it stated my application is currently being processed and i woud get something in the mail within 30 days ..does that mean my credit card application was denied..i have a score of 636 , currently have a secure credit card with 300 limit and has never paid late ..i also have one account i am currently disputing on my credit that doesn't belong to me .PLEASE HELP DOES THAT MEAN I CANNOT GET AN APPROVAL ..I JUST DON'T WANT TO APPLY FOR ANOTHER CARD cos it would initiate another inquiry which looks bad

my credit report shows there was an inquiry made today from that bank i applied for this card 4 days ago does that mean it's in an approval process

Answer 1

That's a pretty normal response for many companies.
It does not mean either a denial or an approval.

Give them a call later this week and tell them that you are asking about the status of your application.

edit+++++++

Pulling your report is normal so they can see whats on it. It does not mean approval or denial.

Like I said above, wait a few days and call them about the status of your application.

Just in case you do get denied, though I hope not, always ask for a reconsideration. Be sure to request that they do it without pulling another credit report.
Include how much you like their company and that you would like the chance to do business with them.
If what you said you are disputing is the reason for the denial, explain that item.
If you get nowhere with that CSR, call back at a later time and speak to another or ask to speak to an underwriter.

Since I don't know what card company you applied for (or what other baddies are on your report) I can't say if that company would normally give credit with that score.

You might click on my profile and click on the last link I have listed. Then look in the upper right corner (in the red bar) for CreditPulls and click on that.
Then put in the name of the card (or card company) that you applied for, click on N/A for the CRA's, don't click on a state - then click submit. It should bring up a listing that shows what scores people had when applying for that card, if they were approved or not, how much of a credit limit if approved, and many times, what kind of baddies they had on their reports.

It's a very large, and free, data base and has many different cards listed. It is informational only, you will not be spammed to apply for anything. The data base owner and the owners of the site work hard to keep the sites spam free.

Answer 2

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RE :Credit card approval response within 30 days?
i applied for a credit card and at the end it stated my application is currently being processed and i woud get something in the mail within 30 days ..does that mean my credit card application was denied..i have a score of 636 , currently have a secure credit card with 300 limit and has never paid late ..i also have one account i am currently disputing on my credit that doesn't belong to me .PLEASE HELP DOES THAT MEAN I CANNOT GET AN APPROVAL ..I JUST DON'T WANT TO APPLY FOR ANOTHER CARD cos it would initiate another inquiry which looks bad
Update: my credit report shows there was an inquiry made today from that bank i applied for this card 4 days ago does that mean it's in an approval process
Follow 6 answers

Answer 3

most probably it means you were approved and you will get the card in the mail within 10 days! otherwise it would be a letter saying you were denied and the reasons why and which credit reporting agency they used! with a score of 636, i can't see why you would get denied! credit scores range from about 200-850, so you can see that you are relatively high! if for some reason you are denied and get one of those letters, be sure to call the 1800 # listed on it! when you are denied credit, you are entitled to a free copy of your credit report everytime! its nice to see what's on it, especially if they denied you! also, if you do get the card, i suggest calling up your other card that is secured and telling them that that you got a regular card and that, unless they change your card to a regular, unsecured card, you will probably be cancelling it! such cards are only good to build up credit so you can get a normal credit card! as a rule, any card offer that you get that charges you an annual fee to keep it in your wallet, THROW IT OUT! if the apr is over 10% - 15%, THROW IT OUT! they are all garbage and will rape you on finance charges and fees! your score is high enough that you shouldn't settle for anything but the best offers! and continue paying on time and you will be up to 850 in no time! also, as far as any negative things on your credit report, please keep in mind that when a negative item is new on your record it will dock you somewhat severely for about the 1st year in your history, depending on the offense and the severity of the amount owed in question! after the 1st year, it generally will not affect your score as much and it will go back up gradually! i am assuming whatever you are disputing, it is rather old, since you claim your score is 636, which is high! items stay on your credit report for 7 years and then they are removed! so if you lose the dispute, do not worry! it is not affecting you much anyways! also, about applying for new credit cards or any type of credit based account : the credit reporters frown on opening too many accounts at once! it is good to open about 3 accounts per year, but do not go overboard! or it will lower your score! and don't open them all at once! the inquiries themselves are not bad! if you open too many accounts at once ( i.e. multiple inquiries) they look at it as risky behavior! that you might be getting out of control and may eventually not pay it back! well, i hope i have answered all of your questions! if you need any more help or have more questions (i am a credit fanatic and love talking about this stuff!), feel free to contact me at my yahoo mail! my addy is [e-mail] added on! good luck! and congrats on managing your credit wisely!

Answer 4

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Answer 5

Sounds interested

Answer 6

check your credit report . they wil give a credit card to a dog. surely they will you!

Answer 7

If it was a denial, it would say you were denied. Why would they string you along? You just need to wait.