credit card application?

Question

i already have couple of credit cards and am paying balances on time in full, but when recently i applied online, my application was rejected, can any body plz help me what can be the reasons for application being rejected. Also does a declined credit card application effects your credit score and your chance of future credit approvals. Thanks a lot :) !

Answer 1

An online credit card application is very summer to apply for a credit card in any other situation. The same sort of information is going to be asked and your credit report will still have to be looked at. The only difference is that you don't have anything to fill out by hand in your to sign your name. Here is what happens when you think in one to apply for an online credit card application.

When you want to apply online for a credit card application, you'll be asked the same sort of information at every site that you look at him for a credit card. The information along to be asked is how long you've been a residence, how much you make, and then more information they would consider standard biker address phone number. You will often be asked for your source tree number as well so make sure that you are doing is with a reputable site. There are many scam artists out there today who can use your Social Security number to apply for credit cards. This is why you must be careful whenever applying online for a credit card because is very easy to steal your identity and it takes many years to resolve the issues that come from identity theft situation. Get all information about it at: http://www.credit-card-gallery.com/article/128,Apply_Online_Credit_Card_Application

Answer 2

It's OK to have several credit cards because different cards can be used for different types of payment. If you pay everything off well that won't hurt your credit. But having too many credit cards (I would say more than 6) is bad. You should analyze which credit cards you really need.
One rejection does not mean that much but it is a sign that you should stop applying for a while. Too many inquiries hurt your credit score.

Answer 3

Without having more information, I would guess that you have too many revolving accounts or some deliquent (collection) accounts, too many new accounts, or your balances are too high on your cards. You pay them off in full each month, but what percent of your credit are you using? The amount on your bill is the amount they are reporting to the bureaus. If you are using more than 30% of your limit, it can have a negative affect on your score. Each inquiry does drop your score slightly. Since you were recently declined, the company has to tell you what bureau they used. You are entitled to a free report. Check it and make sure there aren't any discrepancies on your report.

Answer 4

Remember that for each credit card you own your credit score will be affected. This is because the credit card company would assumed that you'll use the card. It is always wise to have only one credit card since you managed to pay the balances in full.

Answer 5

Go for the card that makes financial sense to you. But before sending your credit card application to various credit card companies and financial institutions, read these crucial tips about credit cards.

Select the best offers on the credit card APRs.

Choose a credit card allowing you to transfer your balance.

Shop online to search for different companies providing 0% APRs.

Answer 6

If you are actually paying off balances in full everymonth, why are you using credit cards, and why do care if you get rejected for another?

I don't know if getting rejected affects your credit score, but, if you pay cash for everything then you wouldn't need to worry about it.

Answer 7

Your going to the wrong place to make your applications. Check credit at my profile. These vendors are very fair in how and who they issue a card to. There's even one lender who will guarantee a card. Beat that. Personally I took the international card as my exchange rate is better and fluctuates daily.