When applying for a credit card, the amount of savings that you have will not be a factor in the credit card company's decision.

Name: When applying for a credit card, the amount of savings that you have will not be a factor in the credit card company's decision.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Credit card companies often consider your overall financial situation, including savings, as part of their assessment of your ability to repay debt, which can influence their decision to approve or deny your application.

When Applying for a Credit Card, the Amount of Savings