After you have chosen a credit card, apply online for it to experience the maximum convenience. Once you submit a completed credit card application, however, remember that it passes through various stages of verification before it gets approved. First, your documents are verified. Next, your issuer checks your credit score to gauge your creditworthiness. If you clear this step, your application is then scrutinised against the lender’s internal policies, like the maximum debt-to-income ratio or minimum salary. This entire process can take up to 2 weeks or more and can leave you anxious about your credit card application’s progress.
However, issuers do not leave you in the dark and have put in place provisions via channels like an online loan app that can help you stay informed about your application and take action, if necessary. Here is how you can go about checking your credit card application status.
Keep the required information ready
Before you employ any of the methods for checking the status of your credit card application, you must have in hand all the required information. This is because issuers require you to verify your application and you can only do so only by providing the following information:
- Credit card application number
- PAN card number
- Application form number
- Date of birth
How to check your credit card application status
Visit a branch of the issuer
To check your credit card application status physically, you can visit your issuer’s nearest branch. When you are there, you will need to provide ID proof and the information listed above. A representative will then tell you the progress of your application. At this time, you can ask the representative if there are any hiccups in the application and what you can do to make amends. Remember, credit card application rejections reflect badly on your credit history, so at the application and verification stage, do all you can to avoid it.
Log on to the issuer’s official website
In case you want to keep a tab on your application from the comfort of your home or office, then you can do so via the issuer’s official portal. Here’s what you will have to do after you head to the issuer’s website.
- Look for an option that says ‘Customer portal/Customer login’.
- Click it and enter the details provided to you at the time of application. Typically, it will be your application number and a captcha code.
- After logging in successfully, look for an option that says ‘Credit Card services/ Track application’ or something on similar lines.
- Here, you may be prompted to re-enter your application number along with the form number or PAN card number. Do so and submit.
- You will then find the details of your application and the status clearly mentioned.
Some lenders may even give you a detailed breakdown of the processes involved to help you chalk out a timeline.
Download the issuer’s smartphone application
The single, most convenient way to check your application status is by downloading the issuer-specific app. These online loan apps let you access information about your current credit applications, loans and investments, all in one place. The Bajaj Finserv App for instance, lets you evaluate your active and past relationships with them, which includes your credit card application status as well. Another helpful feature is that it also allows you to raise a request. This can come in handy if you notice a problem in the application status and are looking to rectify it.
Out of all the ways mentioned above, a smartphone application is the most intuitive and user-friendly option as it is easy to use and requires almost no additional documentation. It also allows you to check your pre-approved offers, which increases your chances of a quick approval for a credit card as well as other credit needs. For example, the Bajaj Finserv Experia App allows you to check your pre-approved offers for credit cards and loans conveniently, so you can access deals customised for you. This app is also one of the best personal loan apps in the market as it also doubles up as an instant loan apps as well as a way to make investments and manage your credit card.