How does declined credit card applications affect your score?

Hello, i applied for 2 credit card applications within a week and got declined. This is because, i am 18, and only have 2 bank accounts with no credit on file. When i paid $15 yesterday to see my credit score, it reported as having "no score". So i guess my declined accounts don't count, expect for the inquiry right?

And say i do have credit, how much does a decline account do for a credit card.

Also 1 more question: What is the easiest card to get, ive tried:

1. Texaco

2. Best Buy

3. Bank of America

any ideas?

5 Answers

  • 1 decade ago
    Best Answer

    if you're just starting out, you may want to open a checking account with a visa/mc debit card, then open a small line of credit linked to your bank account -- use the line, and pay it off regularly. this will allow you to establish credit history.

    once you have a few months of good payments and responsible use, get a cash back rewards card, which actually PAYS YOU to use it.

    I only use cash-back rewards cards, and here are the top ones available:

    Citi Dividend Platinum Select -- 5% cash back groceries, gas & drugstores and 1% on all other purchases (best all around card out there). No intro purchase APR, but 0% balance transfer APR for 1 year. There is a limitation of $300 dividend reward dollars / year, minimum $25 increments. this translates to $6k in gas, groceries, drugstores or $30k in general purchases.

    Chase Free Cash Rewards Platinum Visa -- 1% cash back on all purchases. UNLIMITED rewards that can be redeemed in $25 increments. 0% APR for 1 year.

    And if you are a Costco member, take advantage of their TrueEarnings American Express Card -- 3% cash back at all restaurants, 2% for all travel (airfare, hotel, car rental), and 1% cash back on all other purchases. No limit in rewards, which are sent to you once a year in a check.

    i personally utilize ALL THREE of these cards, for different purchase types -- maximizing your rewards is easy with this great combination, as long as you are paying off the ENTIRE balance every month.

    good luck!

  • 1 decade ago

    Credit card declinations are not reflected in your credit report but a lot of inquiries can hurt your score. If I were you I would consider trying to get a credit card through your bank or try a local credit union. If you need to get a secured credit card where the amount of deposit you put in equals the credit line. Charge some small purchases but pay off the entire balance every month. You also want to show a payment as agreed history. My husband and I have superior credit (over 850 scores) He has limits of $25,000 or more on some of his cards. Believe me when I married him I was coming into the marraige with a Chapter 7 bankruptcy and by following this advice I am in Credit Heaven. Good Luck!!

  • Anonymous
    1 decade ago

    If you were declined twice in such a short period of time, the best thing you can do is wait 6 months before applying again. Creditors see this as a desperate short-term need for credit.

    If you wait 6 months, then you will be in a better position to apply. Furthermore, if you have 2 bank accounts in good standing, then your bank would be the best place to get your first card. You can meet with your personal banker (go to a branch) and ask them. Your good history with your bank accounts will be taken into consideration within that bank.

    Here is some more information on how to choose the best card for your needs.

  • 1 decade ago

    Well yes they do affect your score not that you were declined but by applying for credit many times over a short period of time, they are called inquiries and they reflect badly. If you have been applying for a credit card and were declined set your sights a little lower try bad credit credit cards found here :

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  • 5 years ago

    How does declined credit card applications affect your score?













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