Originally Posted by
kleintalk
I recently applied for the Surpass card. Evidently they have already begun to consider individual income and not household income. I stay at home. When asked my income I was not prepared..Needless to say I was denied. Never been denied a credit card before.
How will this affect me? My credit score? Ability to apply for other cards? Ability to apply for Amex cards? Any information or wisdom would be appreciated. I'm freaking out!
Relax! The only affect it will have on your credit score is that there will be 1 inquiry on your report. That's it. The only people who will know that you were denied is you and Amex (Surpass). Your denial is not part of your credit history, only the inquiry is. And an inquiry typically only lowers your score by 4 to 5 points. No big deal.
Consider it a learning experience, in that the next time you apply for a card, you'll be better prepared to have answers to some of the more common questions you might be asked.
One thing I'm curious about, though: stay at home spouses usually get to have household incomes considered. Did you apply for a business Surpass card?