There are many reasons for refusing to apply for a credit card or loan, including multiple credit lines. If you apply for a credit card or loan from more than three financial institutions, the bank may not give it. After all, many banks are most afraid of multi-head credit. Let's have a look.

Multi-credit means that the loan information in the credit report shows that there are more than three credit institutions, including credit card credit institutions and loan credit institutions. If there are too many credit institutions, it will easily lead to excessive credit. If there is no repayment ability after overdraft, large-scale overdue will inevitably break out, and banks will be in trouble if they want to recover the money.

Therefore, many banks are very taboo about multi-head credit, especially the four major state-owned banks are more strict in reviewing multi-head credit. Here, let's talk briefly.

1, China Construction Bank

It is said that the most sensitive multi-head credit is to apply for a CCB credit card, and the approval rate of more than five banks will be much lower. However, it is also said that nine banks also issue cards, which may be due to strong repayment ability or low total credit line.

In addition, if there are more than 10 credit institutions applying for CCB's fast loan, there is basically no hope, not exceeding 10, but the total utilization rate exceeds 80%, five of them will have no chance.

2. Agricultural Bank of China

It is said that the Agricultural Bank of China reduced the credit card quota on a large scale, and a large number of people were laid off by the bank by half, because there were more than five credit institutions, and the utilization rate of the total credit line was ≥80%.

When applying for loans from Agricultural Bank of China, such as mortgages, it is found that there are more than five credit institutions, and the utilization rate of credit lines exceeds 70%, which will enable lenders to pay off credit card debts and reduce the number of credit institutions applying again. Otherwise, even if the repayment ability is strong, the possibility of rejection is as high as 80%.

3. Industrial and Commercial Bank of China

Industrial and Commercial Bank of China (ICBC) is relatively loose in granting credit to multiple customers, but it is also somewhat taboo. During the face-to-face signing of credit cards, the applicant will be asked how many credit cards have been set up in several banks and what is the total credit line. If there are more than five credit bureaus, but the total credit line is not high, there is still a chance to get the card.

4. Bank of China

It is said that it is not taboo. As a famous career change, the threshold is very high. Those who can apply for a card are basically financially capable and have very stable jobs. In China, all banks have certificates of deposit. In contrast, long-term credit is less important.