Study: 7 in 10 rejected for a credit card hold a grudge

credit card


By Erin El Issa

Rejection hurts, and a rejection on a credit card application is no different. According to a new NerdWallet survey, most Americans (70%) say they would turn their back on a bank that rejected their credit card application and would not apply for another credit product from that bank.

This survey asked more than 2,000 American adults how they would feel if they had a credit card application rejected, and what actions they would take as a result. It found that there are common misconceptions about why applications are rejected and that rejection can elicit emotions ranging from sadness to anger, confusion to offense. Responses also indicated a strong desire to put in the work to get approved next time.

Not all Americans understand why people get rejected for credit cards.

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Arnaldo Rodgers Posted by on 6:47 am, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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