Not necessarily, it needs to be decided based on the applicant’s comprehensive qualifications.

According to Article 24 of the "Industrial and Commercial Bank of China Peony Credit Card Articles":?

The card issuer has the right to investigate and understand the applicant's credit, property and credit status from relevant departments, units and individuals. Relevant circumstances, review the applicant's credit status, obtain, retain and use the applicant's personal information, determine whether to require the applicant to provide a guarantee based on the applicant's credit status, and determine whether to agree to issue or issue a card based on the applicant's application materials and credit status type and credit limit.

Extended information:

Article 26? Rights of applicants and cardholders

(1) Cardholders have the right to use Peony Credit Card in accordance with regulations rights.

(2) Applicants and cardholders have the right to know the functions, usage methods, service items and service prices, applicable interest rates and related calculation formulas of Peony Credit Card.

(3) Cardholders have the right to require card issuers to provide Peony credit card services as agreed and to supervise service quality.

(4) Cardholders have the right to request statements from the card issuer within the specified time, or learn about changes in their accounts through the relevant service channels of the card issuer.

(5) If the cardholder has any questions about the Peony credit card transactions and account status, he has the right to make inquiries or correction requests to the card issuer within the specified time. If the transaction is indeed made by the cardholder upon inquiry, the relevant fees (if any) will be borne by the cardholder.

Article 27? Obligations of applicants and cardholders

(1) The applicant shall provide true and valid information to the card issuer and agree that the card issuer shall comply with the law. , laws and regulations and other normative documents or provide relevant information to relevant units or institutions as agreed.

(2) If the card issuer adjusts the cardholder's credit limit in accordance with regulations, if the cardholder is unwilling to adjust, it should promptly submit a request to the card issuer in writing or in other forms recognized by both parties, but the cardholder still The transaction amount, interest and fees that have already occurred need to be paid off.

(3) The cardholder shall bear all debts incurred under the Peony Credit Card (including personal cards including supplementary cards, the same below) and repay the debt within the repayment period specified by the card issuer. The card issuer can deduct all transaction amounts, interest and fees incurred due to the Peony Credit Card from the Peony Credit Card account.

Cardholders shall not refuse to pay the amount owed to the card issuer on the grounds of disputes with special merchants or acceptance units, and shall not use Peony Credit Cards to conduct fraudulent activities such as false transactions to obtain funds, points, prizes or added value. Services; personal credit card overdrafts should be used in the field of consumption and shall not be used in non-consumption fields such as production, operation, investment, etc., unless otherwise provided by laws, regulations, rules and other normative documents.

Reference source: Industrial and Commercial Bank of China - "Industrial and Commercial Bank of China Peony Credit Card Articles"