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3. How Credit History Affects Credit Card Applications

Credit history gives lenders an overview of how you manage your current and previous credit accounts. They use this information to predict how you will handle new credit and to determine whether or not it is risky to give you a credit card.

While issuers don’t usually share their lending criteria with the public, the following sections give you an overview of the key details and how they could affect your applications:

  • Credit history and credit card application denial
  • Credit history and credit card application approval
  • Credit history and your credit limit