Should I re-apply for a credit card that previously rejected me? This question is about Credit Cards

Should I re-apply for a credit card that previously rejected me?

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This question is about Credit Cards

Dmitriy Fomichenko, President, Sense Financial

@dfomichenko • 10/22/19 This answer was first published on 05/03/17 and it was last updated on 10/22/19.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It is best to wait up to 6 months before applying again for a credit card you were rejected for.

However, there are some other factors that may have lead to rejection. Start by reading your adverse action notice, which generally specifies the reason for rejection. Once you know the reason, start improving on it.

Further, if your credit score was among one of the reasons for rejection, you are entitled to receive a free credit report within 60 days of rejection. Find out if there are any mistakes on the report, and report them to the credit bureaus.

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