What to Do if You’re Rejected for a Student Credit Card

What to Do if You’re Rejected for a Student Credit Card

If you’re in college and want to get a credit card for emergencies or to start building your credit, a student credit card can be an excellent option. They’re easier to qualify for if you don’t have an established credit history, and you can get one even if you only have limited income from a part-time job.

However, your application isn’t guaranteed to be approved. Depending on your situation, you could be denied because of your credit history, student status, or for other reasons. If you’re wondering, “Why am I getting denied for student credit cards?,” here’s what you should know.

Key Takeaways

  • Student credit cards can be easier to get than other cards, but approval isn’t guaranteed.
  • Card issuers review the information on your application and check your credit history and income.
  • You can be denied for a wide range of reasons, including poor credit or a lack of income.
  • If you’re unable to get a student credit card, you may still be able to get a store credit card, secured card, or credit visit the website here builder loan.

Why Am I Getting Denied for Student Credit Cards?

Card issuers typically have less rigorous borrower requirements for student credit cards. Because they’re designed for young adults in college, you aren’t expected to have a lengthy credit history or high income. However, denials still happen. Your application for a student credit card could be rejected for any of the following reasons:

1. Poor Existing Credit

While you can get a student credit card with a limited credit history or no credit history at all, card issuers may deny you if you have black marks on your credit report. In particular, if you’ve defaulted or fallen behind on your payments for other forms of credit-such as your student loans, store credit cards, or an auto loan-you’re unlikely to qualify for a student card. Read More