What is the average approval rate for credit card applications?

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Does any have the industry standard for approval rate for all credit card applications? What percentage of credit card applications are approved?
If you have the answer to this question, please provide a link or description of the source that states it. Thank you!
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Monday, November 17th, 2008 at 1:19 pm. Posted in Credit Card Application. Tags: , , . You can follow this web articles through the RSS 2.0 feed.

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2 Responses to “What is the average approval rate for credit card applications?”

  1. there are many types of cards, even ones that have a deposit required to back up your payments. companies lend to kids today, people with no jobs…..it’s near 99 %

  2. Banks are encouraged to focus on personal banking and liberal sanctions on credit cards . However they tried to safe guard their limits and engage many third agencies to collect the bad debts

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