It’s no secret that no one really likes rejection. According to a recent Nerd Wallet survey, this is a very apparent when it comes to credit card applications. In the survey, 70% of Americans say “they would turn their back on a bank that rejected their credit card application.”
Credit applications get rejected for many reasons including having poor credit, too much debt, and lack of credit history, but many Americans believe that having too many credit cards and previous rejections from other card companies plays a role. This is not the case.
Even in the face of rejection all ranges of demographics, especially Millenials, are making efforts to fix their credit.
You can read the full article “Rejected for a Credit Card? 7 in 10 Would Boycott the Bank, Survey Finds” on Nerdwallet.com.