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What is the average approval rate for credit card applications?

argsoc asked:


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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This entry was posted on Saturday, August 29th, 2009 at 5:02 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

  1. Garden by M Says:
    August 30th, 2009 at 5:58 am

    get credit

    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. Cindy Says:
    September 1st, 2009 at 10:16 am

    get credit

    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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