Fortunately, being rejected for a credit card won't lead to long-term damage to your credit score
If you were applying for a credit card because you wanted to consolidate high-interest debt or you need to borrow money, you can also consider alternative products like aIf your credit score isn't as great as it could be, you should also spend time figuring out ways to improve it.
Most experts suggest keeping your credit utilization below 30% for the best results, which would mean maintaining balances of $3,000 or less for every $10,000 in open credit available to you. Fortunately, paying off debt comes with other benefits. Yes, you can boost your credit score, but you can also save money on interest and free up cash you can use to save or invest.Finally, make sure you're not applying for credit cards you were unlikely to get approved for in the first place. For example, Chase has a rule, called the, that says you typically cannot get approved for one of its credit cards if you have had more than five new credit card accounts within the last 24 months.
In addition to watching out for card issuer rules, also make sure you're only applying for cards you're likely to get approved for based on your credit score. If you know your credit score is around 600 and you apply for a credit card that asks for "good or excellent" credit, for example, you shouldn't be surprised when your request is denied outright.
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