Receiving a credit card denial can be disappointing and impact your credit score. Under the ECOA, companies must provide a reason for rejection if asked within 60 days. Common reasons include low credit score, limited credit history, and high debt. Consider asking for reconsideration or rebuilding credit with secured cards.

Hard credit inquiries can impact your credit score, so avoid applying for multiple cards in a short time. Each inquiry may lower your score by up to five points, but they only stay on your report for two years. Wait before reapplying to avoid looking risky to issuers.

If denied, review your credit report for errors and dispute inaccuracies. Consider secured credit cards like OpenSky or Capital One Platinum to build credit. Becoming an authorized user on someone else’s account can also help boost your score. Focus on improving credit habits to increase your score over time.

Check if you prequalify for a card without affecting your credit score. Prequalifying can give you an idea of your approval odds before applying. While not a guarantee, it can help you feel more confident in your application. Focus on paying down debt and improving your credit score for future approval chances.

Read more at Yahoo Finance: What to do when your credit card application is denied