Is it possible that my credit card application is denied because of the company I work with?
I recently applied for a credit card, but was denied. The reason was the company I work for does not meet their requirement or that the company does not earn much or to that effect. Does this also mean that the company is at the verge of closing?
They told me that I passed the salary requirement. Except for the company because it is not earning that much. Actually, this is the first time I heard of this. It is a bank in the middle east. I can’t believe I got denied because my company has a poor credit score?
Your application for a credit card is denied, it has nothing to do with the company you worked for. It is more likely that the income you earned with the company, is insufficient for them the approved your application.
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No, you must have misunderstood. They accept or reject based on YOUR income and credit history.
I think you mis-read what the reason was. The company you work for has nothing to do with being approved or denied for a credit card.
Most likey they were talking about your income did not meet the minimum requirements to get approved.