When you apply for a credit card, there is always the possibility that your application will be rejected. And when that application is rejected, it’s very tempting to fill out another application or applications with other credit card companies.
However, that’s usually not the best course of action. You see, whenever you fill out a credit card application, it typically generates a hard inquiry on your credit reports. Not only does this cause your score to drop a couple of points, but submitting multiple applications in a short space may indicate to other lenders that you are facing financial difficulties and desperately need the additional credit.
Instead, it’s better to contact the original credit card company that rejected your application and ask why you were turned down. In most instances, when you’re rejected, you will receive a form letter with one or more of these reasons, but if you contact them directly, there may be a more specific reason.
If there is still no specific reason that you can pinpoint, the next step is to check your credit score and your detailed credit report to see if there are any errors, etc., that kept you from being approved.
Here are a few options for checking your credit score: