With the “credit crunch” dominating headlines, many people may find it more difficult to get approved for a credit card. According to a recent article in the Wall Street Journal, major credit card companies have reduced their approval rates from 40% to 32%. This translates to a 20% overall drop in approvals.

My question to readers is this: have you had difficulty getting approved for a credit card recently? Any feedback would be appreciated. Feel free to post here or send us an email with your thoughts.