History quiz

Is it possible to get a bad credit history from being denied card because you did not have history?

It is possible to get a bad credit history from being denied a card because you do not have a credit history. When you apply for a credit card, the lender will check your credit report to assess your creditworthiness. If you do not have a credit history, the lender may be hesitant to approve your application. This can lead to a negative mark on your credit report, which can make it more difficult to obtain credit in the future.

To avoid this, it is important to build a credit history before applying for a credit card. This can be done by obtaining a secured credit card or becoming an authorized user on someone else's credit card. Once you have a credit history, it will be easier to get approved for a credit card and avoid a negative mark on your credit report.