7 reasons why your credit card application got rejected

Understanding why your credit card application was rejected is crucial for future approval. Common reasons include insufficient credit history, low credit score, high debt-to-income ratio, unstable employment, errors on credit report, too many recent applications, and previous credit issues. To improve chances, build a positive credit history, pay down debt, ensure accurate credit report, and maintain stable finances. Contact the issuer for specific reasons and possible solutions if denied.

from Times of India https://ift.tt/WqahtCO