Rejected for a Credit Card Again? Try These Credit Cards for Millennials Instead

Here’s what you should do if you keep getting rejected by credit card companies.

Is that credit card just not that into you?

Credit rejection is annoying and more common than you think. In fact, a recent poll conducted by YouGov for Bankrate.com found that 58% of millennials were denied a credit card.

See, it’s them, not you.

Actually, it probably is you. Here are the top reasons why millennials are facing more credit card rejection:

  • Too Many Credit Product Applications: According to Experian, Millennials have an average credit score of 668. This is only 20 points behind Gen Xers and one point ahead of Gen Z. What gives? It could be because of the number of credit products you have applied for in recent years.
  • Not Enough Credit History: On the other hand, millennials are also suffering from not having a long-standing credit history. The CARD Act in 2010 could be to blame since individuals under 21 could not open a credit card unless they were employed or had a co-signer.
  • Debit Card Preference: Many millennials prefer to use debit over credit, which is good in theory, but not helpful when it comes to establishing a strong credit score.
  • Student Loans: One factor lenders look at when approving potential cardholders is their debt to income ratio. If you have a large student loan bill hanging over your head, then credit card companies might view you as a bigger risk.

Many of the reasons are out of millennials’ control, and it’s not like you can go back 10 years and apply for a better credit card.

So what now? The best thing to do is to track your credit score with a free credit monitoring system and improve your debt to income ratio. If you are still having trouble establishing your credit, try becoming an authorized user on your parent’s account.

Best Credit Cards for Millennials

Millennials are stuck in the vicious cycle of needing to build credit yet not getting the opportunities to do so. Thankfully, there are a few credit cards that might help some millennials out.

Bank of America® Cash Rewards Credit Card

  • No annual fee
  • 0% APR for the first 15 months on purchases and initial balance transfers
  • After introductory period, APR is 15.74% – 25.74% variable
  • Earn $200 cashback after spending $1,000 in your first 90 days
  • Earn 3% cashback in the category of your choice: gas, online shopping, dining, travel, drug stores or home improvement/furnishings
  • Earn 2% on all groceries
  • Earn 1% on everything else

Blue Cash Preferred® Card from American Express

  • $95 annual fee
  • 0% APR for the first 12 months on purchases and initial balance transfers
  • After introductory period, APR is 14.74% to 25.74% variable
  • Earn $250 cashback after spending $1,000 in your first 3 months
  • Earn 6% cashback on U.S. streaming subscriptions
  • Earn 6% at grocery stores up to $6,000 a year (earn 1% after that)
  • Earn 3% on gas and all transit use, including Uber and Lyft rides, trains and buses
  • Earn 1% on everything else

Chase Sapphire Preferred Card

  • $95 annual fee
  • 17.99%–24.99% variable APR
  • Earn 60,000 bonus points (worth $750 towards travel) after spending $4,000 in the first three months
  • Points are worth 25% more when redeemed towards travel through Chase
  • Earn 2X back on travel and restaurant spending worldwide
  • Earn 1X back on all other purchases
  • No foreign transaction fees and travel and purchase coverage

Chase Sapphire Reserve Card

  • $450 annual fee
  • Earn 50,000 points (worth $750 towards travel) after spending $4,000 in your first three months
  • Points are worth 50% more when redeemed towards travel through Chase
  • Earn 3X back on travel and restaurant spending worldwide
  • Earn 1X back on all other purchases
  • $300 annual travel credit can be redeemed for any travel
  • Global Entry or TSA Pre® Fee Credit once every four years (worth $100)
  • Complimentary Priority Pass™ Select Membership to 1,000+ airport lounges
  • No foreign transaction fees and additional travel and purchase coverage included

Yes, credit card rejection is frustrating and embarrassing, but don’t take it personal. It is not a reflection of your finances.

Research the best credit card choice for your budget and spending needs by hopping over to our Credit Card Hub. There you will find the best credit cards for every category, along with ratings and reviews.


We want to make sure you get the best deal! Our editors strive to ensure that the information in this article is accurate as of the date published, but please keep in mind that offers can change. We encourage you to verify all terms and conditions of any financial product before you apply. Also, please remember this content wasn’t provided, reviewed or endorsed by any company mentioned in this article.

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Ashley Eneriz

Ashley Eneriz is a personal finance writer based in Southern California. She loves a good deal and is not afraid to dig through a thrift store to score amazing finds. When not writing about money, she is taking care of her three girls, homeschooling, or stuck with her nose in a book.

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