Credit card applications, including approvals and denials, only have a minor impact on your credit score.
A card issuer may take another look at your denied application if you call its reconsideration line.
Even if you can’t get the credit card you wanted, there are lots of other quality options to choose from.
After you’ve spent time choosing a credit card and filling out the application, getting denied is frustrating. Rejection never feels good, even if it’s just a credit card company saying it can’t approve you for a card. You could also be wondering if this will hurt your credit and what you’ll do now for a credit card. Even though it’s disappointing, getting denied for a credit card isn’t a big deal. Here’s why.
1. It doesn’t affect your credit score that much
It might seem like a denied credit card application is bad news for your credit score. Fortunately, that isn’t the case.
Credit card applications, whether they’re successful or not, have little impact on your credit score. The only change that occurs when you apply for a credit card is that the card issuer runs a hard credit check on you.
2. You might still be able to get that credit card
Even if a credit card company says it can’t approve you for a card, there could be some wiggle room. A lot of people don’t know this, but most credit card companies will give your application another look if you call them to ask. This is commonly referred to as a reconsideration.
