What are the reasons for the failure of credit card approval?
(1) Age does not meet the requirements.
When applying for a credit card, there will be an age requirement for the applicant. Generally, at least 18 years old is required. But some cards have strict requirements, at least 20 or 22 or 23 years old. If the applicant's age does not meet the requirements, it is natural that he can't get a credit card.
(2) Bad personal credit information
Credit card is a credit payment tool issued by the bank, so it has the final payment for the applicant's credit information. If the user's credit information or other records are bad or overdue, then the general credit card application will not pass.
(3) The debt ratio is too high
If the user has too many small loans and the debt ratio is high, and the personal income can't afford credit card consumption and loans at the same time, the bank will think that the applicant's repayment ability is insufficient, so the credit card approval will not pass.
(4) Holding too many credit cards
Another is that a person has too many credit cards and is heavily in debt, which will also lead to card failure. Even if you apply, the amount you get may be relatively low.
(5) The submitted materials are incomplete
When applying for a credit card, you need to submit your own identity information, as well as personal unit, income, emergency contact, household registration address, social security payment and other information. In the case of incomplete information submission, the bank can't analyze the repayment ability and guarantee of the applicant well. Therefore, the application may not be passed.
(6) lack of self-qualification
For high-end credit card products of banks, the application requirements are relatively high, especially credit cards such as platinum credit cards and diamond credit cards, which are often issued to high-income groups. If the personal income is not enough, the credit card approval will not pass.
How to avoid rejection of credit card application?
(1) Choose the credit card product that suits you.
Different banks and credit card products have different application conditions and requirements. We need to choose the right credit card products according to our actual situation, such as age, income, occupation and so on.
(2) Maintain personal credit information.
Personal credit investigation is one of the important bases for banks to approve credit cards. If we have bad records such as overdue repayment, default, etc., it will affect our credit score and credit rating, thus reducing our success rate in applying for credit cards. Therefore, we should pay off all loans and bills in time to avoid any bad records.
(3) Improve your repayment ability
Banks will evaluate our repayment ability according to our work income, assets and consumption habits, thus reducing their debt ratio.
(4) Fill in the true and accurate application information
When applying for a credit card, we need to fill in some personal information and materials, such as name, ID number, mobile phone number, work unit, income certificate, etc. These information and materials must be true and accurate, otherwise the bank will think that we are suspected of fraud and directly reject our credit card application.
Generally speaking, in the case of good credit information and detailed information, it can generally be passed, but the amount of application is uncertain. What Bian Xiao wants to say here is that although credit cards are good, they should be used and consumed reasonably.