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Has anyone been rejected for a credit card despite having a good credit rating/score?

I’ve tried twice in the last year to get another credit card as unhappy with current credit provider, however on both occasions I have been rejected, the reason being as a result of my credit check. I have looked at my Experian report etc and my credit score has either been good or excellent.

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7 Responses to “Has anyone been rejected for a credit card despite having a good credit rating/score?”

  1. Steve D said:

    Check your other two records (TransUnion and Equifax) – there could be something on one of those that is not showing up. Alternately, calculate your debt to income ratio based on the balances on your report – if the ratio is too high, you maybe denied due to that. Another ratio to check is the available credit ratio – the higher your total credit card debt in relation to your total credit card limit is, the less likely you are to get another credit card (issuers look at it like you are running up too much debt and you will get into trouble).

  2. Dixie Darlin' said:

    You should receive a letter in the mail if you are denied credit, with the reason that you were denied credit as well as the credit bureau that was reporting the information.

  3. danceswithwolves said:

    not every firm uses experian credit checks some use equifax

    sometimes its the pattern of payments youve made to other credit card providers or catalogues

    all that xxx000 etc is all telling them how many times you paid late/not at all/paid on time

    I think they are being quite fussy with credit now anyway due to the CC

  4. v b said:

    The new lender may not want to loan to you because either their standards have increased or your current debt load is too high to add to it.

    The problem is, without knowing what the problem is, you can’t just cancel the current card, wait 3 monts and expect another card to automatically pick you up.

  5. Jay S said:

    The card issuers are free to set whatever minimum scores they want to grant credit. Right now they are all tightening up on new accounts because of a massive wave of writeoffs starting up.

    Your income could be a factor as well. Income not high enough in conjuction with the credit score to suit them.

  6. Margaret J said:

    There are several factors why credit card applications are rejected. Errors in filling up the application forms could be one factor. These could be little mistakes and discrepancies in the personal details like zip codes, telephone numbers and others.

    Unreadable handwriting could be another factor why a credit card application gets rejected. With thousands of application forms waiting to be processed on the tables of the company sales representatives, a form which cannot be read will surely be doomed for rejection. These are examples of human errors that serve as deterrent to the processing of your credit card, but these are repairable. You only have to correct the mistakes and fill in the missing information and the only problem would be the delay in your getting the actual card.

    So just talk with the credit card company to know the exact reason for your card request being rejected so that you can rectify it.

  7. Stacy-here said:

    A bad credit score used to make it impossible for individuals and families to borrow money for home and car financing. Today, there are several companies which not only give individuals with bad credit unsecured loans but actually cater to people who have extremely low credit scores.

    If you are interested in an unsecured loan there are a number of issues to explore before applying. The first and most important step is knowing how bad your credit score is. The easiest way to get your credit score is to go to a credit agency. However, there are banks and mortgage companies which offer their customers a free yearly credit report – all you have to do is ask.




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