The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
There are lots of reasons to add a credit card to your wallet. Maybe you need to build credit. Maybe you’re looking to score extra rewards via a big sign-on bonus. Or maybe you’re looking to transfer a balance on an existing card to pay off your debts at a lower interest rate.
Whatever the reason, simply wanting (or needing) some new plastic won’t necessarily qualify you for a card. Each lender has different underwriting standards, and you’ll need to meet that criteria to secure approval. Still, if you’re getting rejected every time you fill out an application, there’s a good chance something’s gone wrong.
Here are some common reasons people get rejected for a credit card (and some tips for getting around them).
Believe it or not, you can get a credit card with bad or thin credit. In fact, there’s plastic specifically designed for those who need to build or rebuild their credit. So, while a lackluster credit score could definitely be the culprit, it doesn’t necessarily mean you can’t get approved for a card. You may just need to start applying for plastic your current credit profile can qualify for — like a secured credit card, which requires cardholders put down a deposit that serves as their credit limit, or student credit cards, which are geared to young consumers looking to establish a credit history.
Once you do obtain a credit card, be sure to use it responsibly (i.e. make all payments on time and keep debt levels as low as possible) to improve your credit score. That way, you can apply for credit cards with better terms and conditions down the road.
Credit card issuers don’t only check your credit when you apply for a card — they also generally ask you for job and income information. And, yes, your current employment status or salary could wind up disqualifying you for a particular line of credit. Again, to minimize the odds of rejection, research credit cards that aren’t clearly being marketed to big spenders, like premium credit cards loaded with perks and a high (think $100 and up) annual fee.
Some issuers view a long list of new credit inquiries as a sign of danger ahead, the idea being that you either need or will misuse all that new credit. So, even if your credit score is in good shape following an application spree — each generates a hard inquiry on your credit report that could ding your score — you could be getting denied due to all those recent applications.
If these rejections are coming as a big surprise, you may want to check your credit reports for signs of identity theft. Fraudulent accounts or inquiries could be hurting your score and leading you to get rejected for cards that you would otherwise qualify for. (You can pull your credit reports for free each year at AnnualCreditReport.com and view your two of your credit scores, updated every 14 days, on Credit.com.) If you discover you’re a victim of identity theft, be sure to report it to the proper authorities and to dispute the information with the credit bureaus. You can learn more about what to do if you’re a victim of identity theft here.
Image: Aleksandar Milutinovic
April 9, 2024
Credit Cards
October 21, 2020
Credit Cards
August 3, 2020
Credit Cards