Credit cards have become an essential tool for managing their expenses. Whether for everyday spending or big-ticket purchases, the appeal of a credit card lies in its convenience and rewards.
But when applying for one, the most common question is, “How long does it take to process my credit card application?” Here is a guide on credit card processing time and how you can make the process smoother.
What Is Processing Time in a Credit Card?
The term ‘credit card processing time’ refers to the duration between submitting your application and receiving a final decision.
Processing times can vary based on several factors, including:
- The type of card
- The issuer’s policies
- The accuracy of the details you provide
How Technology Impacts Credit Card Processing
Here’s how technology is changing the credit card processing experience:
- Modern advancements have significantly reduced processing times.
- Many issuers use AI and automated systems to review applications instantly.
- Credit card apps now allow users to submit documents, check eligibility, and track approval status seamlessly.
Steps In Credit Card Application Processing
Here’s a breakdown of the process:
- Application Submission
Time Taken: Instant (if done online).
Details Required: Personal information, income details, ID proof, and credit score.
- Verification
Time Taken: 1–2 working days.
Purpose: To verify the authenticity of the submitted details and assess creditworthiness.
- Approval or Rejection
Time Taken: Instant to 7 days.
Factors: Credit score, income, and debt-to-income ratio.
- Card Dispatch
Time Taken: 3–10 working days.
Includes: Printing and delivering the card to your address.
| Step | Estimated Time | Key Considerations |
| Application Submission | Instant | Accurate and complete information speeds it up |
| Verification | 1-2 working days | Issuer checks income and identity proof |
| Approval/Rejection | Instant to 7 days | Relies heavily on credit score and history |
| Card Dispatch | 3-10 working days | Delivery times depend on your location |
Factors Influencing Processing Time
Here are the different factors that can decide how quickly the issuer approves and dispatches your credit card. In addition, knowing the different outcomes can cause delays in the process.
- Application Method
- Online Applications: Faster, often providing instant approval.
- In-Person or Paper Applications: Slower due to manual processing.
- Credit Score
- High credit scores result in quicker approvals.
- Poor or limited credit history may lead to delays or rejection.
- Type of Card
- Premium or high-limit cards often require additional scrutiny.
- Secured cards might take longer due to FD (Fixed Deposit) linkage checks.
- Issuer Policies
- Banks with automated systems process applications faster.
- Smaller or more traditional institutions might take longer.
- Supporting Documents
- Missing or incorrect documents can delay the process.
- Complete documents and correct details lead to hassle-free approval and quick dispatch
How to Speed Up Your Credit Card Application?
Here are some ways you can speed up your application:
- Check Your Eligibility
Use online tools or eligibility checkers to see if you qualify for a specific card.
- Keep Documents Ready
Ensure your income proof, ID, and address documents are accurate and up-to-date.
- Apply Online
Most issuers offer faster approval for online applications.
- Monitor Your Credit Score
A healthy score increases your chances of instant approval.
- Respond Quickly
If the bank asks for additional details or documents, provide them promptly.
Credit Card Processing Time For Popular Providers
Here’s a comparison of credit card processing times for some popular providers:
| Issuer | Average Processing Time | Notes |
| HDFC Bank | Up to 21 working days | Instant approval is available for pre-approved customers. |
| One Credit Card | 1-5 working days | Provides instant application updates and faster approvals for eligible users. |
| SBI Credit Card | 1 to 15 working days | Verification delays can occur in rural areas. |
| ICICI Bank | Few days to a few weeks | Fast processing for existing account holders. |
| Axis Bank | 7-15 working days | Offers expedited approval for salaried professionals. |
Common Pitfalls That Delay Processing
Here are some common reasons why your credit card approval may get delayed:
- Incomplete Information
Missing fields or errors in your application can significantly slow down the process.
- Low Credit Score
Applications from individuals with poor scores often undergo additional scrutiny.
- Document Verification Delays
If your income proof or address documents don’t match, expect a longer wait time.
- Multiple Applications
Submitting applications to several issuers simultaneously can flag you as a high-risk applicant.
Tips For First-Time Applicants
Getting your first credit card? Here are some simple tips to help you get started the right way:
- Start with a basic credit card or a secured card linked to an FD.
- Research cards suited to beginners or low-income applicants.
- Use issuer’s apps to track your credit card application status for real-time updates.
If you’re looking for a credit card that simplifies the process, consider One Credit Card as your ideal pick. On its fast mobile app, you can complete your submission in minutes. The card’s smart technology ensures quicker approvals, especially for those with a solid credit score. Additionally, the OneCard app offers real-time application tracking, transparent terms, and minimal paperwork.
This means less waiting and quick access to its many benefits, whether it’s reward points or exclusive dining offers. Once approved, you can enjoy 5X reward points on its top two spending categories, no-cost EMIs, lifetime-free metal credit card and exclusive deals on multiple categories. What are you waiting for? Apply today and make the most out of it.