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Subprime Card Denial Rate More Than Double Super-Prime Level

Original: prime rate

New figures show applicants with subprime credit are rejected for credit cards at more than twice the rate of super-prime borrowers. The data highlights how tightly card issuers are still gating credit, with lower-income and thinner-file consumers facing the sharpest barriers to approval as lending standards remain strict.

Why now: Fresh data on steep gaps in credit card approval rates by credit tier is drawing attention amid ongoing concern about access to credit.

PYMNTScredit card issuerssubprime borrowerssuper-prime borrowers

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Evidence

• Subprime Card Denial Rate Is More Than Two Times the Super-Prime Rate · PYMNTS.com

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