Your credit card may be declined at the point of purchase because you have exceeded your credit limit. Keep a check on your monthly expenses to be aware of your spending pattern.
Your credit card application might be declined due to various factors. If you are new to credit, then your application for credit card is more likely to be declined, as lenders don’t have sufficient data to decide whether you are a good customer. Your credit card application might be declined due to the following factors as well:
• Having wrong information on the application form and not providing sufficient documents
• Having a poor credit score—make sure your score is good, or improve on it before applying for credit.
Applying for multiple credit cards or loans at the same time