5 Reasons For Being Denied A Credit Card And How To Overcome Them
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Got your credit card application rejected?
Surprisingly, it is possible! However, you can overcome the reasons for rejections and apply again. Let’s understand.
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Bad credit score
Low scores are a cause for rejections. With a secured credit card, like the FIRST WOW! Credit Card, you can easily build your score slowly with timely payments.
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Low income
If your income is also low and below the minimum level required, the application will be rejected. Supplement your income to become eligible.
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Remote location
If you live in a place which is unserviceable by the credit card issuer, the card won’t be issued. Look for an issuer servicing your location.
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Unsuitable occupation
Some occupations are blacklisted by credit card issuers. Choose an issuer who is willing to offer the card despite your occupation.
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Other factors
Other rejection factors include age, residential status, insufficient documents, etc. Address these reasons to get the approval for the card.
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