Why am I not approved for a new credit card?

lyndaj234

I have a great credit store and pay 2 cards off in full each month. I have never missed a payment. I have one credit card with a 0% balance transfer on. I have tried to see if I can get approved for a new card and all say 0% chance - even the bad debtors one. Can I do anything about this?

[Deleted User]

Start by checking your files to see if there are obvious reasons why you are high risk.

If not, it may be affordability.

Sandtree

What tool are you using? Unless you are going to the banks own website then its just the comparison website's own best guess which could be based on little to no input from the bank(s) themselves 

Thrugelmir

lyndaj234 said:

 I have one credit card with a 0% balance transfer on.

Have you used balance transfers previously?

MalMonroe

As zx81 says, it could be down to affordability.

So I'm guessing that you have three credit cards altogether, two that you pay off each month and a Balance Transfer one. The BT card could be holding things up because lenders will think you can't afford to clear it even though you do clear the others.

What you could do is clear the balance transfer card and see if that helps. 

Why would you want yet another credit card though, if you already have two to play with?

Doesn't matter how great your credit score is, btw. Lenders don't see it and they have their own scoring system - which we the public don't see.