Is there some kind of nationwide credit card shortage?

Submitted by Apcd1997 t3_zz99wn in personalfinance

I applied and was approved for two different credit cards during the first week of December. It's almost January and still haven't received either. And when I called them, both companies said the same thing: there's a severe delay in credit card production and shipping which is causing delays, which is really odd to me because I've never heard of anything like that. Shipping delays yes, but production is a new one.

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BouncyEgg t1_j2a7n8j wrote

Remember the chip shortage during the pandemic?

Yes, there's a chip in your credit/debit card.

Yes, that means everything from cars to CCs are impacted.

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NoFilterNoLimits t1_j2a9xec wrote

My Chase Disney was delayed too and I only even got it for the merchandise/dining cardholder discount on a trip that’s already over 😂

So you aren’t alone

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SDAztec74 t1_j2aa1rc wrote

Had that occur with the WF Autograph Visa, approved on 12/11, called a week later and was told there'd been delays, shipped 12/26 and arrived today. Doesn't help but yes you are not alone.

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DeluxeXL t1_j2aabag wrote

Fidelity was having problem shipping debit cards as well. I ordered a replacement in November because the chip on mine broke. I just received it.

When I went to the ordering page again, they have put up a notice about supply shortages of cards.

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HeyItsPanda69 t1_j2abizk wrote

My mom took out a credit card at Lowes to get my dad a few things for Christmas. This was mid December and she still hasn't gotten it yet. They said the same thing.

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cballowe t1_j2abwd2 wrote

I wouldn't be shocked if there were some supply chain issues tied to the EMV chips that all modern cards have. They're the kind of low grade semiconductor that ends up being made in China so lockdowns + outbreak could be a big issue. Also, chip manufacturing requires neon and the largest world supplier of neon was Ukraine.

https://www.pcbb.com/bid/2022-07-19-what-the-lingering-chip-shortage-means-for-cfis suggests that this might be a big part of it.

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HotHoneyBiscuit t1_j2aci70 wrote

My credit union has an alert about this on their website. There are significant delays apparently.

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CowboyLipps t1_j2acve5 wrote

I applied for a card two weeks ago and received it this week. That was Capital One. Also, if you’re in dire need for the card, could they provide card details for digital wallet?

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Drowning1989 t1_j2ag232 wrote

Odd. I applied for a Amazon Prime card right before Christmas and I've already received the physical card.

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