Possible Reasons for Credit Card Rejection

Possible Reasons for Credit Card Rejection

Credit card providers have their own parameters set and they adhere to those while evaluating credit application requests. The reasons for rejecting your loan will be listed in your adverse action letter. The 6 most common reasons behind the rejection of credit application can be as follows:
1. Low credit score
2. Low income; every credit card provider has a fixed amount set as a minimum salary eligibility for the applicant
3. Inaccurate application details
4. Job instability
5. Number of pending loans too high
6. Not eligible based on age, nationality, education qualification (at times), etc.

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