While the process may vary slightly across banks, the typical steps include:
- Submit your application:
- Provide a completed credit card application form along with proof of financial resources to the issuing bank.
- Initial review by the bank:
- The credit card department will verify your documents.
- If any documents are missing or incomplete, the bank will contact you for further information.
- Credit assessment:
- Once your documents are complete, the bank converts them into its internal format and forwards them to the credit reporting department.
- The department will check your credit record (commonly referred to as a "pull-in").
- They may call you to confirm your identity as the applicant.
- Credit approval and card issuance:
- After successfully passing the credit review, the bank determines your credit card limit based on its internal risk management policies.
- The bank then begins the process of producing your credit card.
- Card delivery:
- The credit card will be delivered to your designated address via registered mail or express delivery.
How long does the process take?
The entire process depends on different banks.
Since the applicant's personal information is handled by the bank, Money101 does not have access to customers' credit card application details or transaction records. Therefore, for campaigns in collaboration with the bank, eligibility is verified by the bank, and the gift redemption SMS is arranged and sent by them. We kindly suggest contacting the bank’s customer service directly for further assistance. Once your identity is verified, they will be able to confirm whether you meet the criteria for the welcome gift within the application period.