Not exact matches
The average perceived likelihood of a
credit application being
rejected, conditional on applying, increased
for credit cards and
credit card limit increases but decreased
for mortgages and mortgage refinance
applications.
Also, applying
for more
credit cards after a
rejected out - of - reach
application is another way you may be unconsciously damaging your score.
If you're
rejected for a
credit card application and know that you have good
credit, this can also be a sign that someone is using
credit cards in your name and lowering your
credit score.
If you are already having huge debts either as personal loan or high
credit card balance, your
application for credit card may be
rejected.
Your
credit card application can be
rejected for a variety of reasons.
Credit card application forms also ask
for your current income level and may
reject you based on not having a job.
And if you are
rejected, wait several months before applying
for a new
card — allowing your
credit score time to recover between
applications.
You may decide to apply
for a new balance transfer
credit card, but with tighter
credit all around, don't be surprised if your
application is
rejected.
If you're wondering why your
application for a mortgage loan was
rejected or why you only qualify
for credit cards with sky - high interest rates, the answers might lie in your three
credit reports.
If you are applying
for a
credit card for the first time, there is likelihood that most of the
credit card companies will
reject your
application.
In either case, the inaccurate and inconsistent information can mean that you are no longer considered an ideal candidate
for a particular
credit card, and that your
application is
rejected.
A student loan default will likely remain in your
credit report
for seven years and if your financial profile is weak you may have to pay more to borrow or you could have your loan and
credit card applications rejected.
Checklist
for Credit Card Application Has your credit card application been rejected l
Credit Card Application Has your credit card application been rejected lat
Card Application Has your credit card application been rejec
Application Has your
credit card application been rejected l
credit card application been rejected lat
card application been rejec
application been
rejected lately?
By now, many are familiar with the 5/24 rule, in which Chase will automatically
reject applications for most of their
cards if you have opened five or more new
credit card accounts with any bank within the last 24 months.
American Express will provide a statement
credit for the
application fee regardless of the decision made by CBP (
for Global Entry) or TSA (
for TSA Pre ✓ ™) but will not provide a statement
credit for subsequent
application fees charged to the same eligible
Card within five (5) years, even if the original
application is
rejected.
US Bank has a reputation of «being difficult» among people who apply
for rewards
credit cards as a hobby and might
reject applications from people with too many recent
applications.
You can also apply
for a co-branded Southwest
credit cards which appear to be one of the non-5 / 24 Chase
cards that will not
reject your
application if you have had too many recent
credit card applications inquiries.
American Express will provide a statement
credit for the
application fee regardless of the decision made by CBP (
for Global Entry) or TSA (
for TSA Pre ✓ ®) but will not provide a statement
credit for subsequent
application fees charged to the same eligible
Card within 4 years, even if the original
application is
rejected.
Chase went one further than Citi with its rule that,
for the most part, meant it would
reject applications from individuals who had applied
for more than 5
credit cards, from any bank, in the preceding 24 months.
In essence, if you have opened five or more bank
cards (e.g.,
credit or charge
cards) within the last 24 months, your
application for a Chase
credit card will be automatically
rejected.