It is very common to be rejected when applying for a credit card. Many reasons can lead to the rejection of a credit card application. So, how long does it take to reapply after being rejected for a credit card? Will it affect your credit report? Let’s learn more below. Let’s do it!

How long does it take to reapply if your credit card application is rejected?

3 months. If you apply for a credit card repeatedly at the same bank, you need to wait at least three months. If you apply frequently in a short period of time, the user's credit qualifications will not change much, so the review results will not change either. Applying again after a period of time will help to pass the approval. After the credit card application is rejected, it is best to find out the reason for rejection before applying again.

A detailed analysis of the reasons for failed credit card applications is as follows:

1. The information submitted by the applicant is untrue: In this case, the card applicant needs to wait at least 3 months and prepare Apply again with complete certificates.

2. The application conditions are not met: If the application card level is too high and is rejected, change the bank or apply for the card type (lower the level). There is no time limit for re-application;

3. Apply for a card People with too many credit cards: Banks usually suspect that card applicants are suspected of cashing out, so they will not approve the application. Only when the financial strength of the card applicant has significantly improved or the previous credit card has been cancelled, you can try to apply for other bank credit cards.

4. Poor personal credit: The bank found multiple overdue applications by checking the credit record of the card applicant. It stipulates that if the online card application is rejected for the same type of card, you must apply again after 5 days.

Will being rejected for a credit card affect your credit score?

Generally, being rejected for a credit card has little impact on your credit score. However, the credit card application record will generally be recorded in the credit report. One or two rejections will not have much impact. However, if the application is rejected frequently in a short period of time, it may affect your future credit card or loan applications. When the bank sees your credit card rejection record, it will determine that your credit condition is not good.