Possible Card

Device Access. You need a mobile device capable of downloading and installing the Possible Finance app or an electronic device to access the web app.

U.S. Cellphone Number. A valid U.S. cellphone number is required for account verification purposes.

Personal Information. You must provide your name, date of birth, street address (no PO Boxes), and Social Security Number (SSN). Ensure the name used matches the one on your ID.

Identification. A valid driver's license or state-issued ID may be requested during the application process.

Bank Account. You need a compatible checking account supported by Plaid, with at least 3 months of transaction history, recent income deposits, and a positive balance.

Low Credit Score. A low credit score can be a significant factor in being denied a credit card. Lenders use credit scores to assess your creditworthiness, and a score below their threshold can lead to rejection.

High Debt-To-Income Ratio. If your debt-to-income ratio is too high, it indicates that you may have difficulty managing additional debt. Lenders look for a healthy balance between income and existing debt obligations.

Recent Negative Credit History. Recent negative marks on your credit report, such as late payments, collections, or bankruptcies, can lead to a credit card denial. Lenders view these as signs of financial instability.

Insufficient Income. If your income does not meet the lender’s minimum requirements, you may be denied a credit card. Lenders need assurance that you have sufficient income to repay your credit card debt.

Too Many Recent Credit Applications. Applying for multiple credit cards or loans in a short period can negatively impact your credit score and signal to lenders that you may be in financial distress. This can result in denial of your credit card application.