Capital One’s Progress credit card is aimed specifically at borrowers who may have already have had a credit card application rejected because of adverse information on their credit report.
The Progress credit card follows the earlier launch of a similar Barclaycard product, the Initial MasterCard. It’s almost certain that others will follow
Credit Card Rejections
Louise Bond personal finance expert at uSwitch said, “With 3.32 million consumers hit with credit card rejections in the last year alone, people with a perfect credit score are becoming the exception rather than the rule.”
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