Chip Lupo, Credit Card Writer
@CLoop
Yes, you can be denied for a secured credit card if you don’t meet the issuer’s minimum requirements, which typically include being at least 18 years old and having a U.S. address, a Social Security Number (SSN), and sufficient income to cover the payments. You could also be denied if you have major negative items on your credit report, such as bankruptcy.
Other common reasons you’d be denied for a secured card might be incomplete or inaccurate information on your application, not enough funds to cover the required security deposit, or delinquencies on other payment obligations.
What to Do If You’re Denied for a Secured Credit Card
If you are denied for a secured credit card, consider applying for one of our editors’ picks for the best no credit check credit cards. These are easier to get approved for than normal secured cards. You can also sign up for a WalletHub account and get free personalized credit analysis and advice on how to improve your credit score.
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People also ask
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Yes, you can rent a car with a secured credit card, but you need to have enough available credit to accommodate the hold that the rental agency will put on your card. That’s the case with any credit card, yet it’s a bigger concern with secured credit cards because the spending limit on such a card is equal to the amount of the security deposit you put down.
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