People Think Credit Cards Only Get Declined For The Poor, But Rich People Say It Happens To Them Too. 'I Probably Look Poor To People'

A caller Reddit thread is flipping assumptions that declined cards lone hap to radical who are broke, careless, oregon financially unstable. The archetypal poster, who claims a nett worthy of implicit $2 million, said their recognition paper has been declined much than once, not due to the fact that they were broke, but due to the fact that they maxed retired their rewards paper earlier the billing rhythm ended.

“I astir apt look mediocre to people,” they wrote, aft sharing that a barista precocious gave them a java for escaped erstwhile the paper declined. “[They just] looked truly bittersweet for me.”

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The thread, posted to r/Rich, drew comments from radical with akin experiences. Most said their cards didn't get declined owed to deficiency of funds, but due to the fact that of fraud extortion systems, antithetic acquisition patterns, oregon limits being deed during strategical spending.

“There was a precise engaged time erstwhile I ate each 3 meals astatine the aforesaid McDonald’s and the slope called maine astir suspicious enactment connected my card,” 1 idiosyncratic shared. “I had to explicate that no, I conscionable ate similar sh*t today.”

Another explained that adjacent high-limit oregon no-limit cards tin trigger fraud checks. “Buying 3 iPhones, with each 3 radical successful store, connected an AMEX Centurion card… Fraud alert from AMEX that took 10 minutes successful telephone to wide up portion the super-busy Apple worker gives maine side-eye.”

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Others mentioned planetary question arsenic a communal trigger. “I told Citi I was going retired of the state and the places I would beryllium and timeline. Did my cards work? Nope,” 1 idiosyncratic said. “I had to telephone them each clip I arrived successful a caller country.”

Still, for some, the origin was simply hitting their limit. “My rewards cards are 15-20k bounds but I often max this retired earlier the extremity of the month,” a commenter said. “To them it seems similar I'm utilizing a debit paper and person nary wealth near successful my slope relationship to wage for the 3 euro cappuccino.”

Tips were exchanged passim the thread. Many suggested making aggregate payments during the billing cycle, mounting fraud alerts, oregon switching to cards with nary preset spending limit.  “Just person your idiosyncratic adjunct wage disconnected your cards each 2 weeks,” 1 idiosyncratic joked. “Or conscionable get a nary bounds recognition paper similar the remainder of us.”

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For precocious earners juggling recognition usage, spending categories, and reward programs, it whitethorn beryllium clip for a much streamlined approach. Domain Money offers personalized fiscal readying led by certified professionals, helping radical with six-figure incomes negociate credit, optimize spending, and physique semipermanent strategies. It’s a reminder that adjacent financially savvy radical tin tally into friction.