possible to be declined?

[Skye12329]

So i was just wondering if its still possible to be declined if you have a thick report. Im just curious mainly because my grandparents who are 70 will apply for cards just for the small bonus. Both of their reports are thick and so i was wondering is it possible for them to ever be declined. I have never seen them get declined nor a limit below 8000.

[Creditaddict]

of course it's possible... just going to depend on bank and how they feel about possibly tons of lines of credit just sitting available.

[Kenny]

Definitely possible.

[Anonymous]

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@Creditaddict wrote:

of course it's possible... just going to depend on bank and how they feel about possibly tons of lines of credit just sitting available.

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I was thinking the same thing. If they're just in it for the bonuses, perhaps closing some of the other unused accounts could take some of the potential risk away.

[DFStudent]

@Skye12329 wrote:
So i was just wondering if its still possible to be declined if you have a thick report. Im just curious mainly because my grandparents who are 70 will apply for cards just for the small bonus. Both of their reports are thick and so i was wondering is it possible for them to ever be declined. I have never seen them get declined nor a limit below 8000.

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Absolutely! Even though your grandparents' file might be "thick" as you say, banks look at a variety of factors when making lending decisions. So it is definitely possible for them to be denied, as it is with anyone really. 

[xerostatus]

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@KennyRS wrote:
Definitely possible.

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But don't tell that to those crazy folks who churn miles/rewards/bonuses all year-round. They're convinced their credit is invincible =P

[Anonymous]

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@xerostatus wrote:

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@KennyRS wrote:
Definitely possible.

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But don't tell that to those crazy folks who churn miles/rewards/bonuses all year-round. They're convinced their credit is invincible =P

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Not really.   They churn on schedules, and if they get declined for a card, that's fine.  You either negotiate to close/reduce existing cards or wait a little with that bank.   Just like normal people do.    

If you are chasing bonuses, you DON'T need to get every one, just enough.