Many cardholders were rejected instantly when applying for a card, but they didn’t know what the reason was, so they called the customer service of the credit card application platform and only responded that the user’s overall score was insufficient. , which makes many card friends feel confused. So, what is the reason why your credit card application is rejected immediately? How long does it take to reapply after being rejected?
1. Apply for a credit card for the first time. Because this is the first time to apply for a credit card, and has never applied for a loan, the credit report is in a blank state. It is impossible for the bank to understand the user's credit status from the credit report system, and naturally it will not easily approve the card. Therefore, users often encounter delays when applying for a card. rejection situation. Indeed, if it is your first time to apply for a card, and if you meet the basic conditions, it is best to try to apply for a bank that is easier to apply for a card, such as China Merchants Bank, so that you have the possibility of passing the review.
2. The application information filled in is untrue. When approving a credit card, as long as the bank finds that the card application information does not match the actual situation, it will be rejected instantly. When the user applies for a credit card from the bank next time, the bank will review the user's information more strictly. If the user wants to pass the review smoothly, the user must provide true and valid information and sufficient proof of financial resources.
3. Apply for high-end credit cards beyond the next level. When applying for a credit card, it is taboo to apply for a higher-end card, that is, users do not submit applications based on their actual qualifications and blindly apply for high-end cards. In this case, it is easy to be rejected instantly. After all, the application threshold for high-end credit cards is relatively high, and not just anyone can successfully apply.
4. Bad personal credit report. Bad credit records are generally caused by overdue repayments. Banks are very distrustful of users who borrow money and fail to repay it. In order to avoid bad debts in the future, they will not easily approve cards for such users.
Moreover, after a credit card application fails, it is best to submit the application again after 3 months. If you apply immediately after the application fails, the result will most likely be failure. Therefore, it is best not to apply continuously after your credit card application is rejected. At the same time, even if you apply for a credit card from another bank, you will be rejected due to too many applications in a short period of time. Please be aware of this when applying for a credit card. After the credit card application is rejected, the card applicant should actively prepare some information to improve the success rate of card application, such as material certificates, work certificates, academic certificates, social security payment certificates, etc. When you apply again after three months, you can submit these information to the bank that will help you get the card, which can increase the card withdrawal rate.
In short, there are many reasons for credit card rejection. Users can submit credit card applications based on their actual qualifications. Do not blindly pursue high limits, otherwise it is easy for credit card applications to be rejected.