There are many other factors than just the score. Some things that could cause a decline are debt to income ratio, balance to credit limit ratio, the number of accounts open and how many of them have balances, having too many inquiries (usually 6 month history) or previous delinquencies (7 year history). Limiting the number of open cards and keeping the balance around 30% of the limit may increase your chances of opening new lines of credit.

yeah, credit score is not the problem, i have a great credit score but they look at your overall debt ratio or unsecured debt ratio, in addition to income and if you pay a mortgage or pay rent.

Credit score is not the only criteria that lenders use. Income, other debt and open credit accounts are also considered.

Due to the economy, Banks are struggling. They are being very very picky about who they lend money too, especially for unsecured debt such as credit cards.

Scores in the 700’s are certainly great, but banks are now looking at more than just the number. If you apply for too many cards at once, or if you have too much available credit already, it looks like you are at risk of suddenly running up a bunch of debt and going bankrupt. I

f you have credit cards already, why do you need more? If its because your balances are almost maxed out, that is a HUGE red flag that will get you denied for many cards, even if you are current on your payments and your credit score is still good.