Applying for a credit card is easy from the Capital One site or bank. What if you don’t get immediate approval after applying? The financial institution can cancel your credit card application for several reasons. However, you must check the application status before fixing the problem.
There are generally 3 ways to check your Capital One credit card application status. Customers can visit their nearest Capital One branch to check the status. Additionally, you can contact the bank’s customer service representative to know when they will accept your credit card application.
You can also check the status online if you have applied for a credit card. Access Capital One’s website to review the application status. They don’t usually take longer to accept credit card applications. However, adding incorrect details can increase the credit card’s approval time.
Let’s learn the easy methods to check your Capital One credit card status:
3 Quick Ways to Check Your Capital One Credit Card Application Status
Capital One reviews a few details before approving a customer’s credit card application. Scammers can open a credit card account using your details like birthdate or name. Thus, Capital One verifies your identity before the approval.
After the verification, the bank sends the customers a message or email regarding their decision. If you don’t receive any credit card approval message within a minute, it means they have denied your request.
However, sometimes, Capital One might take more than a minute to send a message. So, you must check your Capital One credit card status in the following ways:
1. Check the Application Status Online
Don’t have a Capital One bank nearby? You must check the credit card application status online. Open a browser from your mobile device and connect it with a stable internet connection. Go to the address bar, copy and paste “https://applicationcenter.capitalone.com/login”.
Press the Enter button to access Capital One’s Application Center. Enter your credit card’s security number’s last 4 digits. Head to the next box and write your birth date. Type your ZIP Code and tap the Sign in button to review your credit card application status.
2. Contact Capital One’s Customer Service Agents
Capital One has an experienced customer service team who quickly responds to the customers. Thus, you can contact them to check your credit card application status. So, dial “800-903-9177” from your phone and share your credit card security number to know the status.
Moreover, Capital One has reconsideration lines like other financial institutions. You can dial these numbers to know their decision. If you already have a credit card account on Capital One and have applied for a new one, dial “800-227-4825”.
Small business credit card applicants must use the 800-867-0904 number. Contact Capital One agents at 800-219-7931 to know your secured credit card status. If the bank denies your credit card application, they will inform you by sending an email online.
3. Visit the Nearest Capital One Branch
Don’t know where a Capital One bank is nearby? Open a navigation app, go to the search bar, and write “Capital One”. The app will show you the Capital One locations. Note down the nearest bank branch address on your phone’s Notepad.
Visit the Capital One branch and look for the customer help desk. Tell them your credit card security number, and they will share the application status. You can also ask them the reasons for application denial. Try to solve the problem to get instant credit card approval from Capital One.
How Long Does Capital One Take to Approve a Credit Card Application?
Capital One makes a decision about your credit card based on the application process you choose. For instance, the bank sends a customer an approval message or email within 60 seconds if he has applied online.
However, if you have submitted the application paper to the bank, it might take longer. Capital One generally notifies the credit card applicants about their decision within 7-10 days. Contact the bank authorities if they deny your application and reapply for the credit card.
When Does an Applicant Receive a Credit Card after Capital One’s Approval?
You will receive the card in your mail within a week if Capital One approves your application. New Capital One customers can start using the card and earn rewards as soon as they receive it. Additionally, you can use the virtual card for online shopping.
The Capital One Virtual card has the same security number as your credit card. It can be accessed from Capital One’s dedicated mobile app. Alternatively, you can use it after signing in to your Capital One account. Follow these step-by-step instructions to access the virtual credit card:
- Install the Capital One app on iOS and Android or access the Capital One site.
- Log in to the mobile app and sign in to the Capital One account using the right credentials.
- Navigate to “Credit Card Balance” and tap “Get Your Virtual Card”.
- If you can’t see this option, go to “Recent Transactions” to select your credit card account number.
- Choose “Virtual Card”, and the Capital One website or app will show you the expiration date and 3-digit security code.
When Does Capital One Deny a Credit Card Application?
There are several reasons Capital One disapproves a customer’s credit card application. Here are the possible reasons the bank delayed its decision:
1. Excessive Credit Card Applications
Capital One doesn’t follow a 5/24 policy like Chase. However, they don’t let customers open too many credit card applications simultaneously.
A customer can only open and hold up to 2 credit card accounts on Capital One. So, the bank will reject your application if you already have 5 Capital One credit cards.
2. Small Business Credit Card Applications
Small business owners earn a $500 cash bonus when they spend $4,500 within the 3 months of receiving the credit card. Moreover, Capital One’s small business credit cards offer 5% cash back on car rentals and hotel bookings.
Many small business operators apply for this Capital One card to avail these benefits. However, the bank takes longer to approve business credit card applications than personal credit cards. So, you might have to wait 2 or more days to know the bank’s decision.
3. Mistakes in the Application
Human error is another reason why Capital One cancels credit card applications. Sometimes, you might see a Pending status for providing an incorrect tax ID number, monthly income, and bank account details.
An incorrect birthdate, address, name, and social security number can also cause this problem. So, you must double-check the details before submitting the Capital One credit card application.
Can You Apply for a Capital One Credit Card with a Poor Credit Score?
You can’t apply for a Capital One credit card with a poor credit score. The bank will receive your credit history before approving the application. If Capital One denies your application, improve your credit score before reapplying.
An individual with a poor credit score can improve it in several ways. Pay your credit card bills promptly to receive a good credit score. Enable the autopay option so you won’t miss any monthly bill payments.
Clear off the debts rather than applying for more bank loans. Do you have a credit score of 670? You can apply for a Capital One credit card from the mobile or website and get approval within seconds.