Frequently asked questions after getting
rejected for a POKER credit card
You did all your research
religiously and then made your choice of
the credit card. Then, you all compared
all the rates offered by the different
companies offering that type of credit
card and made the best choice. You went
to the company and filled the
application form and submitted it and
went home happily thinking that you will
get your credit card very soon. But, one
fine day, you get a letter saying that
your application is rejected. At that
moment several questions come blasting
to your mind. This article answers some
of the frequently asked ones.
What may be the reason for my
application to be rejected?
There are several reasons for the bank
to disapprove your application. Every
company has its own guidelines and rules
which vary from another company. Some
common reasons for the rejection of your
Not enough income
Your have to apply for a card that will
suit your income. Suppose your salary is
$50,000 per year then apply to a company
that gives cards to someone who earn
that much salary.
You are application has been rejected by
several other companies in the recent
The most important reason is “a poor
credit history”. This is the reason why
more than 50% of the applications get
rejected. The credit history or report
will have all the details regarding your
previous credit transactions like
defaulting a loan, late payments and so
on. There are very few companies that
will offer a credit card with a poor
credit report and that to at a very high
No credit history. You may never have
used credit before this and therefore,
you will not have a history. This is
also a reason why good number of credit
card applications gets rejected.
Your credit history report is not
Your credit balance is above the comfort
level of the issuer.
What should I do next if my application
If a company rejects your credit card
application, then it is bound by law to
give you the reasons for that decision.
They are also liable to tell you from
where they got the information. Then,
you can request for a report of your
credit cards from the same agency and
look over it carefully to see if there
are no errors.
There are errors in my credit report.
What should I do to rectify the errors?
Without wasting any more time you should
you should mail the agency with proof of
the errors. The more proof against the
errors the better and quicker will be
for your credit report. Also, remember
that the agency at least needs to reply
to your mail.
Can I apply to another credit card firm
after getting rejected by one?
Yes, you can. You can also submit an
application form to the same company but
for a different credit card. Contact
one of our helpful account
representatives to assist you in the
high risk merchant account or
offshore merchant account for a
high risk merchant.