Tuesday, June 29th, 2010

when you sign a credit card agreement does it mean you have the card?

credit agreement
dollphin asked:


i signed a credit card agreement and it said i have been accepted with capital one.how long should it take to get the card and does it mean i will.

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8 Responses to “when you sign a credit card agreement does it mean you have the card?”

Emma G Says:
July 1st, 2010 at 7:35 am

yes you will, usually within a week.

Karen Says:
July 2nd, 2010 at 1:10 am

If they said you have been ACCEPTED, then you have. They usually give you a confirmation number. If you were PREAPPROVED for offer, you may not….but usually do. If you don’t recieve the card in 7 days, call them up and ask them, but it could take up to 14 days.

groverty Says:
July 4th, 2010 at 5:53 pm

Here is the most simple answer to your question: the lender must make a decision on your application within 30 days of receipt. If you are approved, you will receive the card with an open, active account. If you are declined, you will receive what is called an “adverse action” letter that must explain specific reasons why you were declined. It will include an address and/or phone number for you to call to get reconsidered if you wish, and also the ability to get a copy of your credit report for free.

beauty s Says:
July 5th, 2010 at 5:11 pm

It can take up to 5 to 7 days

alatoruk Says:
July 6th, 2010 at 1:51 pm

if your signing the agreement (rather than the application) it will take 1-2 weeks to get the card made and delivered. If you havent had it after 3 weeks I would ring them in case its gone missing in the post.

reeth Says:
July 8th, 2010 at 10:28 am

Find very useful info and tips on getting and managing credit cards on

makeshya Says:
July 9th, 2010 at 12:22 pm

It means you have been accepted, for how much that is for them to decide. You will get a letter soon telling you yur credit limit etc, and your card will follow shortly. You will then need to call the number on the card to activate it, then your off!

nurseybird Says:
July 12th, 2010 at 12:38 pm

Yeah youve been accepted. However dont fall into the same trap as I did: They will send you all the info that you need to know. They will give you a credit limit, usually 200 quid to start with. They’ll tell you that if you stay in your limit and pay on time that your limit wil be increased on the 4th statement. I made the mistake of thinking a £200 credit limit meant I could spend £200. Not with Capital one!! If you spend £200 they then put their interest on, which takes you over your credit limit and then they charge 12.00 for going over. They will not increase my limit now because their interest took me over my credit limit. How much does that suck??? So be warned a £200 credit limit with capital one actually means you have a £180.00 limit. Enjoy!!!!

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