Your credit card application may be declined.

Generally speaking, over a period of time, a personal credit report has been queried multiple times by different institutions for reasons such as loan and credit card approval, but the credit report shows that the user has not been successfully approved for a new loan during that period of time. Or successfully applied for a credit card, then the bank has reason to speculate that the user's financial situation is poor and his repayment ability is worrying, and reject the user's request.

The official website of the Central Bank Credit Report Center also shows that if within a period of time, the credit report has been inquired by different banks many times due to loan, credit card approval, etc., but the records in the credit report show that this period No new loans or credit card applications have been obtained within a certain period of time;

This may indicate that the information subject has applied for loans or credit cards from many banks but failed. Such information may have an adverse impact on subsequent related applications. Extended information

Generally, banks review personal credit reports as one of the basis for whether to apply for a loan.

In personal credit reports, inquiry records include inquiry date, inquiry operator, inquiry reason, etc., and are also important reference items for banks. If there are too many inquiry records, it will indeed affect the credit of financial institutions to customers. Appraisal and lending.

However, it needs to be explained that the reasons for personal credit report inquiries are divided into personal inquiries, credit card approval, guarantee qualification review, post-loan management, loan approval, objection inquiries, etc. Among them, credit card approval, guarantee qualification review, and loan approval can fall into the negative category based on risk factors. Too many records for this type of query can have adverse effects. Personal inquiries are not included.

For example, if within a period of time, the credit report has been inquired by different banks many times due to loan, credit card approval, etc., but the inquiry record shows that the user did not get a new loan or successfully obtained one during that period of time. Applying for a credit card indicates that the person's financial situation is not good, and the bank will consider whether to approve the loan.

Of course, query records are not a hard indicator, but only a reference factor. The specific situation varies according to the standards of each institution.

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