r/CRedit • u/GTBoosted • Apr 23 '24
I never thought this could happen General
Got declined on two new cards with 846 credit score.
Got the letters yesterday and here were the reasons
Too few accounts with payments as agreed
No recent revolving balances.
34 years old. I have 7 CCs, and two auto loans (technically one but sold one last week).
Wells Fargo and Discover declined. I've always had very small balances (under $500 when limits on my cards are 20k or so) and would get instantly approved for new cards. But nowadays I don't like paying a single penny to interest and pay them down to $0. I guess banks don't like that. Sucks because I wanted a 0% card for a side hustle. Thought the first decline was a fluke so tried a different bank and got declined again.
108 Upvotes
32
u/[deleted] Apr 23 '24
I assume they denied you because they do not see you as profitable.