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Credit Card Applications » News » Other » Credit card application obstacles

Credit card application obstacles

February 13, 2007 | Updated on February 13, 2007
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The content is accurate at the time of publication and is subject to change.

What can stop you on the road to successful credit card application

A credit card company didn’t approve you for a credit card and this seems so extremely unjust. This upsetting fact adds fuel to the fire. Life seems even duller when you do not have the slightest idea of how to pass your credit card application successfully.

Presented below are the 5 most frequent explanations for refusal. Read the recommendations what you can do to keep away from negative response and obtain the best credit card you need.

1. Your credit score was reduced by the creditor. Creditors use the data in your credit card application to make up your credit score. Credit rating indicates the credit related risk. Creditors use rather different methods depending on their experience. Your credit report includes ever-changing financial information. To see how a creditor updates your credit report and examines your credit card application, it’s better to order reports from three credit bureaus. Your credit score may fall into 0 to about 850 and higher.

2. Your joint applicant has had financial difficulties. A person you go halves with in terms of financial responsibilities - a joint account, mortgage or credit card. The financial problems will be marked on your credit report. You may even be unaware of your partner’s problems, however, the credit card company will check that.

Your possible action is to do ahead. If you anticipate the significant denials, it seems sensible to ask your associate to check his/her credit report and, if required, repair it.

Once you do not have a financial partner, or you are not a member of a financial unit any more, confirm your credit report is brought up to date. You will need this since your financial self-sufficiency may help you submit the credit card application you would like.

3. Your credit history is lower than the average and needs improvement. This situation incorporates cases when you have:

· overdue payments made;

· debts and other obligations to repay some amount;

· decision made by a court following legal proceedings even if there were particular details of explanation.

Credit card companies consider these aspects as signs of your potential limit exceeding or inability to pay off a new credit. What you should do, is check your credit report prior to you submit a credit card application. Make certain that all the credit data is the latest and updated. You may attach records explicating personal circumstances. For example, a person may get into an accident and be ill for three months, which may lead to late payments, but this hasn’t taken place earlier or after that.

4. You’ve been a credit card tart. This term is used towards a person applying for any type of credit cards and credit (loans, mortgages). In this case, not to be suspected, always indicate that all you want is a quotation, not a full credit card application.

A credit card company may consider you a credit card tart as they frequently deal with people who have applied for a mass of credit cards following the approach to find the best credit card. This fact may be marked on your credit report and creditors may think this denotes you exceed your limit to a great extent and need money, or somebody is preparing a fraud.

Examining your credit report, certify that credit card application investigations have been made accurately. If you find errors, get in touch with all your creditors involved and require the mark in your credit report that you just asked for a quotation.

5. You are not listed as a voter at your present mailing address. Creditors check your personality and address by the electoral list. Regular place of living is also what they look for. If you didn’t register to take part in elections, a credit card company cannot ascertain your personality. It may even demand other identification, have doubts about a fraud or refuse bluntly.

This situation makes you check your eligibility to vote at your present address. If your credit report doesn’t show you qualify, ask your local organization for rolling registration. It will allow you to be listed at your present address.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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  • Larry
    With the Virgin / Barclaycard signature offer, there seems to be some consumer deception or maybe even outright fraud goin on.   I decided to jump on this offer..  read all the info on it..  was approved for their platinum card, paid the fee, then was only awarded 10,000 points instead of the advertised 20,000.   When i inquired about the less than advertised bonus points, Barclaycard claims only Signiture Visa cardmembers get the 20,000..  as a platinum cardholder, you don't qualify for that level of bonus, so you get 10k instead.   Well, in their current ongoing promotions, it states plain as day that....    Applicants approved for the Visa Signature or Platinum Card with $49 annual fee will receive 20,000 Bonus Points awarded to your Virgin America Rewards Account at the close of the first billing statement in which you make your first purchase or balance transfer (that is not returned or rescinded) and have paid the Annual Fee on the account (and such fee is not rescinded). They don't mention anything about a separate program for platinum cardholders..  However, trying to get someone to resolve this issue with either Virgin or Barclaycard seems to be rather impossible.. Seems to me they're simply drawing people in with the fraudulent offer, then simply saying, oh, we're sorry you don't qualify..  but thanks for signing up for our garbage credit card with insane fees..   
  • CreditLandCom
    Thank you for sharing your experience with us. We have reviewed this offer and you are correct, nowhere it is mentioned that 20,000 Bonus can become a 10,000 Bonus all of a sudden... We will mention this in our review of this card so others can make an informed decision. Another way to get Virgin miles is to get an American Express charge card: The Business Gold Rewards Card® now offers 50,000 Miles, though you do have to spend $5,000 in the first three months of card membership to get it. It also has $0 introductory annual fee for the first year, then $175. Premier Rewards Gold Card now offers 25,000 Miles, though you do have to spend $2,000 during your first three months of Card membership. It also has annual fee of $0 for the first year, then $175. While we do not know If any of these offers make sense to you, we are at least sure that you will get advertised bonus in full if you decide to get them... Conversion rates for Virgin America are: 100 Elevate Points = 200 Membership Rewards® Points All the best.
  • Deborah Ellsworth
     would very much like to start a new credit history  by making payments on time I would tohave a credit card that is NOT PREPAYID! I don't need a card with a high limit just something to start a new credit history. Thank You Deborah Ellsworth
  • Deborah Ellsworth
    I would very much like to start a new credit line to get back on track. I DO NOT WANT A PREPAID CARD!! This new credit card if I am approved does not have to hace a high limit just something for me to start over again and prove myself ThankYou. D Ellsworth
  • Miss Edna
    there is a huge problem with the RFIP chip: it is easily compromised. There are already 'readers' in the form of what looks like a cellphone in a case, that scans all the info in the chip by merely walking near a person -- this 'reader' penetrates leather, cloth, spandex, etc. The only thing it will NOT penetrate is METAL. Perhaps one has seen commercials touting metal credit card cases. Here is my hint for a free fix: cut a piece of aluminum foil or use the foil that is used to keep foods fresh, like coffee. Cut it so that when folded once, it forms a sleeve for your credit card. place the credit card in the sleeve, then place the sleeve in your wallet.
  • Robin Parks
    I am looking to apply for the AARP Visa signature card from Chase that offers $100 after spend $500 in first 3 months, no annual fee and 0% interest first year; I don't want to mail in offer because of having to write in Social security #. Can you direct me to the proper on-line site?
  • CreditLandCom
    The Chase bank cards are not currently available at, but you can consider applying for the Citi® Dividend Platinum Select® Visa® Card - $100 Cash Back. The cards has similar terms and cash back program.
  • Becky
    This is Becky Now what do I do just waqit for acard to come to me?
  • CreditLandCom
    Once you have applied, you should receive a letter within 10 business days letting you know if you were approved and when your card will arrive. If you did not receive any letter or notification from the issuer, you should contact them directly. Also, you should contact the issuer if you’ve been waiting for your credit card longer than 30 days. Since we are not a bank and don’t issue credit cards, we cannot give you any information about your application or credit card.
  • SavingStar
    Thank you for posting about SavingStar. Just to clarify one sentence in your article, we have over 5 million members (not 500). Thanks, Josh
  • CreditLandCom
    Sorry for the misprint. We’ve corrected the sentence. Thank you for noticing that.
  • Eric
  • John Stifler
    I think almost all people that familiar with internet, will hardly fall to these scams, but for now, I think people that use computer but don't familiar with internet things, and they has a phone line at their home, they should be warned more than internet users. I think senior people usually got scammed by these kind of "tech support" scams. Found so many reports about them since years ago at complain board sites like We as younger, and know more about this stuff, should help and share information to they who needed it, especially older people.
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