What Does a Credit Card No Response to an Application Mean?

The first time getting a new credit card has become a really important rite of passage in the modern world of consumerism, because without a valid credit card it is much harder to transact business, shop, and enjoy the convenience of carrying plastic. But if you apply for a card and get a credit card no or a rejection of your application, don’t panic. Just because one card company turned you down it does not mean that other credit card companies will say no to you.

What companies look for on your credit card application is a track record of good borrowing and timely repayment of your debts. So first of all, lots of people who are applying for a credit card but have never had one before are faced with a challenge. Since they do not have a credit card they also do not have any credit history, and they me get a credit card no acceptance reply. In that case they should talk to their bank about ways to take out small loans, pay them back, make sure that the loan history is conveyed to credit card reporting agencies, and in that way gradually build up a paper trail of good borrowing and credit history.

Other reasons for credit card no acceptance answers from your application could be that you do not have enough income to adequately cover your debts. In that case you can reduce your debt by paying it off while trying to increase savings. Or you may get rejected because you or your spouse or ex-spouse has a bankruptcy or foreclosure on their credit record. In that case take some time to clean up your credit history, improve your credit score, and then try again.

If you meet with repeated credit card no-go answers each time you do a credit card application, you can still get an approved card, however, by using what is known as a secured card. You deposit money into a bank account attached to the card and the amount you keep on deposit determines your credit limit. Use the card responsibly to build a credit track record and then soon you will be able to apply for a conventional non-secured ordinary credit card.
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