Not really, although you can effectively do so in certain cases, depending on your credit history. It’s really a matter of semantics if you are approved for a card, then call up the company and say you want to “refuse it.” What you’re really doing is asking them to cancel the card. They can absolutely do this.

What do you do with a credit card that is not used?

If you don’t use a credit card but are reluctant to close it because of the possible impact on your credit score, you still have choices: Call the issuer and ask to change to a card from the same issuer that is a better fit. You can ask to be downgraded to a card without a fee, for example.

Do credit card companies check your employment status?

Lenders and creditors verify employment and income when consumers apply for loans and credit cards. Your credit reports might contain some of your employment history, like your employer’s name and perhaps past workplaces. But credit reports don’t have data about your pay rate, and might not even list your employer.

Why was my credit card application not approved?

If you’re wondering why your application for a new credit card wasn’t approved, you should know that credit card approval is based on several factors on your credit reports, beyond just your credit scores. Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions.

Can you use an instant approval credit card at any store?

Of course, instant approval store credit cards may only be used in the issuing store. Being approved for a credit card is not the same as being able to use it. And instant approval is not instant access. Most cards are still mailed, in which case it will typically take seven to 10 days to get to you.

What kind of credit card can I use after approval?

Many popular “co-branded” credit cards — whether store cards or cards that are offered in partnership with another kind of business — offer instant credit access. Here are some notable examples: The Apple Card, issued by Goldman Sachs, can be used immediately through Apple Pay after approval.

How does prequalification affect a credit card application?

On the other hand, prequalification has no effect on your credit score because the card issuer makes a soft pull on your credit. Consider this a simple glance at your credit score that helps the card issuer determine if you’re a good fit for a certain credit card. Sometimes you may not get an instant answer on your application.