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When credit card is declined, it’s a symptom of a problem

About 12 percent of credit and debit card

About 12 percent of credit and debit card users have had their cards declined in the past year, according to a survey by CompareCards. Credit: Getty Images/iStockphoto / Eugene Bochkarev

It’s embarrassing when your credit or debit card is declined. It’s also a symptom of a problem.

According to a new survey by CompareCards, 12 percent of credit and debit card users had at least one card declined in the last year.

Why? Nearly 40 percent of those polled said their cards were declined because they reached their credit limit, 32 percent were declined because they had insufficient funds in their account to cover the debit transaction.

  • Cover yourself just in case

“If your card is declined because of insufficient funds, you’re likely not enrolled in an overdraft protection program. This can be a good thing if you don’t want to be hit with fees for an overdrawn account,” says Thomas Donaldson, senior credit specialist at CompareCards, in Charleston.

  • Keep your card in good standing

Late payments can also get you a thumb down at the cash register. Worse still if you aren’t paying your monthly bill at all. Says Natasha Rachel Smith, a credit card expert at, “Make a minimum payment before, or on the due date to ensure your credit card doesn’t get declined.”

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