Applying online for credit cards is one of the major advantages internet has
offered us in recent times. All major credit card providers give the facility
of online application and it is increasingly catching up with the credit card
aspirants. If you have applied for a credit card online and have been refused,
don't worry you are a part of large group who face rejection for one reason
or another. There is no point on getting depressed on the matter, instead one
should check out what went wrong, correct it, apply again and get approved online.
The first reason for the rejection of most of online credit card applications
is the mismatch in credit ratings and income levels. While applying online for
credit cards, if the credit card company asks for your social security number,
and credit scores, they are trying to gauge your financial credibility. If you
are applying for a gold credit card and your credit score doesn't measure up,
chances are fair that your online credit card application will be rejected and
you can't do anything about it.
In such a case if the credit card company finds that there is another offer
which suits your credit ratings and income criteria they will send it along
with the denial email. If they don't give any such offer, its for you to check
out whether you meet their credit rating requirements or not, and if you don't
it will be good to find another credit card and apply online for it.
If a credit card company rejects your application for insufficient credit score
or credit ratings, it will send you information about it. This information will
help you track down the credit rating agency and negative remark that caused
the decline in your credit scores. If you find it incorrect you can dispute
the credit report, get that negative remark removed and apply online for that
very credit card again. Hopefully, if everything goes right you will get approved
If you faced the denial for any other reason, which you find difficult to understand,
you can ask the credit card company about it. The fastest way is to contact
the credit card customer care and tell them about your problem. Secondly, if
you don't like calling you can send them a polite email and request a clarification.
Applying online for a credit card and getting approved is a great feeling.
By taking simple steps and precautions, one can easily avoid the bad experience
of facing a denial.