How long does it take to get approved for bank of america credit card

You can apply for most credit cards online, by phone or by mail. Whichever method you choose, you'll be asked for personal information including your name, address, income, Social Security number and employment status.

You could get approved instantly if you apply online; some card issuers automatically approve applicants who meet their credit requirements. If you're on the borderline for qualification, the card issuer may manually review your application, which can take a week or so. Approval of phone or mail applications also typically takes longer than online applications.

Getting approved and getting your credit card are two different things, though. After you're approved, receiving the card in the mail can take from five business days to 14 calendar days, depending on the issuer.

Some credit card companies offer expedited delivery, either free or for a fee. For example, Chase can deliver your new card in one to two business days at no charge; Bank of America offers delivery within 72 hours for free. USAA will overnight a card for $8, Barclays delivers in one to two business days for $15, and Capital One delivers in two to three business days for $16.

Getting a lost or stolen card replaced can take three to 14 business days, depending on the issuer. However, most credit card companies expedite shipping of a replacement card in one to six business days, either for a fee or free. American Express and Bank of America, for example, will overnight replacement cards at no charge.

How to Get Your Credit Card Faster

You can also get your new credit card faster a couple other ways.

How to Get Approved for a Credit Card

You're more likely to be approved for a credit card for which you're already preapproved. Issuers often indicate the credit score range required for a particular credit card, so knowing your credit score helps you choose cards for which you're likely to qualify. There are several ways to check your credit score for free, including through Experian.

If your credit is excellent, you'll likely have your pick of credit cards, and qualify for favorable terms and high credit limits. Look for cards with the features you want, like cash back, travel rewards, introductory low annual percentage rate (APR) offers or other perks.

If you have fair or poor credit, your choices will be more limited. That said, there are several credit cards for those with bad credit. To boost your chances of approval, seek cards designed for your credit score range, such as secured credit cards.

In addition to your credit score, card issuers will check your income and your credit report. They'll look for red flags on your credit report, such as delinquent accounts, bankruptcies or late payments, which can indicate you may not handle credit responsibly. It's a good idea to get your credit reports from all three credit bureaus (Experian, TransUnion and Equifax) before you apply for credit of any kind so you know what lenders will see. You can do this for free through AnnualCreditReport.com; you can also check your Experian credit report for free anytime.

How Does Applying for a Credit Card Impact Credit?

When you apply for a credit card and the lender does a hard inquiry into your credit report, your credit score can temporarily dip by a few points. Although this generally lasts only a few months, it's wise to minimize hard inquiries and their impact on your credit. Getting denied for a credit card won't affect your credit score.

What if you want to apply for several credit cards? Credit bureaus typically treat multiple hard inquiries due to applications for the same type of loan—such as a mortgage, car loan or student loan—as one hard inquiry, as long as the applications occur within a short time of each other. However, you usually won't get that same benefit when you apply for multiple credit cards. To be safe, it's best to find a card with the benefits you want and which you're likely to qualify for, and start there.

Using Your New Credit Card

Play your cards right by getting prequalified, and applying for a new credit card may not dramatically affect your credit. However, the way you use the card could. Using the card responsibly by paying on time and maintaining a low balance can help improve your credit score, potentially making it easier to get credit in the future.