NEW YORK—About 40-million Americans had a credit card declined in the past year, according to a new report.
The CompareCards.com survey found 22% of respondents had a card declined at least once over the past 12 months, stated ValueWalk in its analysis.
Younger Americans were especially vulnerable: 30% of Millennials and 51% of Generation Z had a card declined, compared to 23% of Generation X and 6% of Baby Boomers.
Men were also more likely than women to say their credit card was declined, Value Walk said.