Why was I denied for the SunTrust Secured card after I paid the security deposit? This question is about the SunTrust Secured Credit Card

Why was I denied for the SunTrust Secured card after I paid the security deposit?

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This question is about the SunTrust Secured Credit Card

Truist, Bank

@TruistNews • 10/22/15 This answer was first published on 10/22/15. 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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We would not decline an approved Secured Cardholder once they funded the account. However, there could be reasons for account closure post opening and funding, such as failure to maintain the account in good standing or failure to make payments on outstanding balance.

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Hallie Alton, Member

@halton18 • 11/06/19 This answer was first published on 11/06/19. 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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The most common reasons people are denied for a SunTrust Secured credit card are having a bankruptcy or tax lien on their credit report, not having enough income to meet their monthly obligations, and having an extremely low credit score.

Past delinquencies with the issuing bank, current delinquencies anywhere, and invalid application information could all be reasons as well.

The issuer is required by law to provide you the exact reasons why your application was declined.

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