Credit cards, including the IndusInd Credit Card, have emerged as essential tools for managing expenses, constructing credit scores, and taking part in various rewards. If you have recently applied for a credit card, you want to know the status of your application, you’re at the right place.
Waiting for approval can be stressful; however, most banks and credit card issuers offer more than one approach to check credit card application status.
Let’s understand the different ways you can use to check your credit card application status, using IndusInd Bank as an instance.
Why check your application status?
Before we dive into the strategies, let’s understand why it’s crucial to keep eyes on your credit card application:
- Peace of mind: Knowing the status of your application can keep you relaxed.
- Addressing problems: If there are any troubles with your application, you can deal with them promptly.
- Time control: Understanding the timeline facilitates making a decision whether or not to wait or explore different options.
Online Methods to Check Your Application Status
Here are a few common online methods to check credit card application status:
1. Bank’s Official Website
Many banks have a dedicated section on their website for checking application status. Look for a “Track Application” or “Application Status” link, normally discovered inside the credit card or private banking sections.
2. Mobile banking apps
If you’re a current customer of the bank, test if their mobile app offers application tracking features. This can be an easy way to stay updated on the move.
3. Virtual Assistants
Some banks appoint AI-powered chatbots or virtual assistants on their web sites. For example, IndusInd Bank makes use of “Indus Assist,” which will help you update your application status.
Offline Methods to Check Your Application Status
While online methods are convenient, some people choose offline techniques. Here are some offline techniques to check your credit card application’s popularity:
Customer Care Helpline: Most banks provide a dedicated consumer care variety for credit score card-associated queries. For instance, IndusInd Bank customers can call 1860-267-7777 or +91-22-42207777 for credit card inquiries. If you’ve applied for specific cards like IndusInd Bank Classic, Gold, or Business (Gold) credit cards, you can reach out to 1860-500-5004 or +91-22-44066666.
When calling, keep critical information available, including:
- Your application reference number
- Personal identity information (e.g., PAN card variety)
- Registered mobile number
Visit a bank branch: If you prefer face-to-face interactions, go to your nearest bank branch. Speak with a bank, provide the necessary details, and they should be able to inform you about your application status within minutes.
Understanding Different Application Statuses
As you check credit card application status, you can come across various statuses. Here’s what they normally imply:
- In Progress: Your application is still being processed by the bank.
- On Hold: The bank has temporarily paused processing your application. This will be because of incomplete documentation, the need for added verification..
- Approved: Congratulations! Your credit card application has been timely approved by the bank.
- Dispatched: Your accepted card has been sent out for shipping. You may receive an SMS with a predicted shipping date.
- Disapproved: Unfortunately, your application failed to meet the bank’s eligibility criteria.
- No Record Found: This commonly means you’ve entered incorrect application information. Double-check your information and try again.
What to Do If Your Application is On Hold or Rejected
If your credit card application is on hold, follow these steps:
- Contact the bank to recognize the reason.
- Provide any additional information or files requested.
- Ask approximately about the timeline for resolution.
If your application is rejected:
- Request feedback on the reasons for rejection.
- Work on enhancing those components (e.g., credit score rating, income stability).
- Wait for a few months before reapplying to keep away from a similarly negative impact on your credit rating.
Conclusion
With so many online and offline options available, you can easily stay up to date on the status of your application. You’ll be ready to take full advantage of your new credit card as soon as it comes if you maintain your knowledge.
Check Other Bank Credit Card Status
Additionally, don’t give up if your application doesn’t always get accepted this time. Use the input to improve your financial profile and investigate other solutions that are likely more suited to your current scenario.
FAQs
Q1. How long does it generally take for a credit score card to be processed?
Ans: Processing times can vary depending on the bank and the completeness of your application. Generally, it is able to take anywhere between 3-15 business days. Some banks may also offer immediate approval for certain cards, while others may take longer if additional verification is required.
Q2. Can checking my application multiple times have an effect on my probability of approval?
Ans: No, checking your application status no longer affects your probabilities of approval. However, again and again, applying for new credit cards in a short period of time can negatively affect your credit rating and raise concerns with lenders.
Q3. Is it possible to speed up my credit card application?
Ans: While most banks have general processing instances, a few might also offer expedited processing for certain top-rate cards or for current customers. Contact the bank’s customer support to inquire if this selection is to be made for your application.
Q4. What information do I need to provide for a credit card application?
Ans: To apply for a credit card, typically you’ll need personal details, identification, address proof, and income proof.
Q5. If my application is rejected, how long do I have to wait before making use of every other credit card?
Ans: Typically, it is advised to wait for at least three to six months using another credit card. This gives you time to evaluate and deal with the reasons for rejection, therefore improving your credit score.