How to Check Your Capital One Credit Card Application Status: If your application for a new credit card is not approved immediately, you may experience anxiety. But don’t panic; there are a number of reasons why you may not be approved immediately, and it doesn’t always mean that you’ll be denied.
This article is about Capital One credit card applications. We will explain why your Capital One credit card application may not be immediately approved, as well as how to verify the status of your application.
Reasons You Might Not Receive Instant Approval
There are various reasons why your Capital One credit card application may not be immediately approved. Listed below are several variables that could delay the decision.
You’ve submitted too many credit card applications. Capital One does not have a well-known 5/24 rule like Chase, but there are limits on the number of credit cards you can have (see below for details).
You registered for a credit card for small businesses. Business credit card applications may be slightly more complicated than personal credit card applications, so Capital One may require additional information from you before approving your application.
An error exists on the application. Occasionally, a simple error or omission can result in the pending status of an application. Your application may take longer to be approved if any of the required information is missing (name, address, birthday, Social Security or tax ID number, estimated income, or bank account information).
Your credit history is not outstanding. Before you are approved for a credit card, both your history with Capital One and with other institutions will be examined. If you are denied a credit card, you should attempt to improve your credit score before reapplying.
The Capital One Credit Card “Rules”
Capital One has its own credit card application requirements, as does every other bank. Before applying for a Capital One credit card, you should keep the following “rules” in mind.
2-Card Maximum
Capital One restricts cardholders to a maximum of two Capital One-branded cards. Not applicable to business cards (such as Capital One Spark Miles for Business) or co-branded cards (such as the Menards® BIG Card®).
Number of Submissions
Every six months, you may be authorised for one Capital One credit card. This is applicable to both personal and professional credentials. For example, if you’re authorised for a Capital One Savour Cash Rewards Credit Card today, you’ll have to wait at least six months before you can apply for a Capital One Venture X Rewards Credit Card.
Welcome Bonus Qualification
Every bank has restrictions on the number of times you can receive a welcome incentive. These rules can differ between cards issued by the same bank.
In the past, it was possible to collect a bonus multiple times on the same Capital One credit card. Unfortunately, the specific terms are typically rather vague, so Capital One may deny your welcome incentive if you’ve already earned it.
In the provisions of many Capital One credit cards, it states, “Existing or former account holders may not be eligible for this one-time bonus.” The term “one-time bonus” most likely indicates that you will not be eligible for a sign-up bonus if you have already received one.
On the application page, you can view the specific terms of the card you’re applying for by clicking View essential rates and disclosures.
There are too many credit card accounts
Similar to Chase’s 5/24 rule, Capital One appears to deny applicants who have recently opened “too many” new accounts. Even if you have outstanding credit, there is a chance you won’t be approved for a Capital One credit card if you’re in the 5/24 range (meaning you’ve opened 5 or more cards in the past 24 months).
Check the Status of Your Preapproval
Checking your preapproval status is an excellent approach to ensure you will be approved for a credit card. Capital One makes it simple to do so without affecting your credit score.
Simply visit Capital One’s preapproval page and input some personal information, including your name, address, and Social Security number.
Then, before submitting your application, you will see which cards you have been pre-approved for. If you have been preapproved, you can access a streamlined application page to conclude the process.
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How To Check The Status Of Your Capital One Application
To verify the status of your Capital One credit card application, dial 800-901-3177. If you elect not to verify the status of your application, you will receive a written decision within seven to ten days.
Line of Reconsideration
Some banks have dedicated reconsideration lines that you can call if your credit card application is denied. However, Capital One does not, so you will need to contact Customer Service.
- Check Status of an Application: 800-903-9177
- 800-227-4825 Customer Service (Existing Accounts)
- Credit Cards for Small Businesses: 800-867-0904
- Credit Card with Security: 800-219-7931
You will receive a secure online letter explaining why your application was denied. Call 800-903-9177 to have a hard copy of the decision mailed to you if you are unable to access this letter.
Final Reflections
Submitting a credit card application can be stressful, particularly when there is a delay in receiving a decision. There are numerous factors that go into a credit card application, and a delay in approval can be frustrating.
Remember that a solitary denial does not imply that you will be denied every card for which you apply. Each bank (and even each card) may have distinct application requirements, so be patient throughout the entire procedure.
