Credit Card Approval

[markmark1983]

Hi everyone,

Can anyone provide any estimated number of days when you have received your credit cards after you apply it on the banks of your choice?

Thanks
Mark

 

[ladybug8888]

10 business days

 

[APPNOV2014NY]

7-10 Business days.

 

[Investocrat]

Agree with the answers above - 2 weeks.

 

[atzquebec]

Does this apply to new landed immigrants ?

 

[NetMecca]

It applies assuming you are approved for credit. If not, you may have to get a secured credit card. This means they will expect you to put on locked deposit the amount of the credit card. The 7-10 days for getting the actual card will apply as this is typically the mailing time.

 

[atzquebec]

It applies assuming you are approved for credit. If not, you may have to get a secured credit card. This means they will expect you to put on locked deposit the amount of the credit card. The 7-10 days for getting the actual card will apply as this is typically the mailing time.

Got it.

 

[Tbone27]

I applied for a credit card with both TD and Scotiabank. Got the credit within a week with both. Scotia offered more credit though for newcomers with no income and credit history.

 

[Jakev]

I applied for a credit card with both TD and Scotiabank. Got the credit within a week with both. Scotia offered more credit though for newcomers with no income and credit history.

What's the limit Scotiabank offered? I got a 2000 dollar limit with RBC.

 

[markmark1983]

Thanks All! Yes, I am planning to sign up with both Scotiabank and TD

 

[Tbone27]

What's the limit Scotiabank offered? I got a 2000 dollar limit with RBC.

I don't have annual income currently, so they offered me $2000 credit limit. But i do know of someone who landed a couple of weeks back and got a $3000 with Scotiabank.

 

[markmark1983]

I don't have annual income currently, so they offered me $2000 credit limit. But i do know of someone who landed a couple of weeks back and got a $3000 with Scotiabank.

nice.. how many days passed before you get you credit card?

 

[spyfy]

Note that in most cases, as a newcomer, you have to deposit a security, i.e. you will only get a certain credit limit if you deposit cash (in the thousands) into a special account until you have some credit history.

 

[Tbone27]

Note that in most cases, as a newcomer, you have to deposit a security, i.e. you will only get a certain credit limit if you deposit cash (in the thousands) into a special account until you have some credit history.

Hi spyfy - i beg to differ on this. I didn't have to deposit anything to get the $2000 credit limit. I didnt have a job oor credit history when i applied for a credit card. At Scotiabank, they said i couldve got higher credit limit if i had income but for $2000 credit limit i did not put in any security or deposit. I landed in October 2017.

 

[Tbone27]

nice.. how many days passed before you get you credit card?

I applied for a credit card the day after i landed and they mailed it to my address within a week.