credit cards

Top 9 reasons your credit card was declined

Another user deactivated your card
Another user deactivated your card © Levent Konuk/Shutterstock.com

If the primary cardholder made changes to the account without an authorized user's knowledge, the user's card could be declined. The cardholder may have reported his card lost or stolen, in which case the card issuer would typically deactivate all cards under that account while it sends a new one, says Opperman.

Passing along information about changes to your card's status is essential when sharing a credit card with others, especially if you're the primary cardholder making decisions that affect other users. Opperman says that sometimes primary cardholders fail to relay important decisions.

"Sometimes these authorized users will try to use their card, and then they'll find out, 'Oh my gosh, the cardholder removed me, or the card was deactivated and they didn't inform me.'" Like in any relationship, communication is key.

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

CFPB: Lender distorted credit reports

The Consumer Financial Protection Bureau has an eye on credit reporting issues. The agency took enforcement action against auto financer First Investors Financial Services Group Inc. Wednesday for distorting consumer credit records for years. Per the CFPB, First Investors, which lends primarily to subprime borrowers, failed to fix known flaws in a computer system that  ... Read more

Partner Center
advertisement

Connect with us