Your choice of university, particularly its location, can have an impact on the credit rejection rate and studies have shown that going to university in Edinburgh for instance, could affect your credit rating. Typically, the
Edinburgh is the 71st most likely place to be rejected for a credit card in the UK (Overall Adjusted Reject Rate 60.5%) which may not seem too high in comparison to other areas but it is worth noting that this percentage is on the rise. In order to discover what areas of the UK are most likely to be accepted or declined for credit refer to Totally Money’s credit card map to see how your area rates against the rest of the UK by simply entering your postcode or clicking on the map itself.
65% of all credit card applications were rejected last year in the UK. This has probably had a negative impact on those who were rejected because a rejected application can have a negative impact on your credit score and affect your ability to borrow in the future. You can increase your chances of being accepted for a card by 250% by using a tool like the Totally Money comparison tools that can provide you with the percentage change of being accepted.