The credit report shows credit card approval, does that mean the card has been issued?

We know that there is an inquiry record in the credit report, which will record the reasons why the credit card bank checked the credit report. Some card friends are not very familiar with the credit card approval on the credit report. When they see that the credit report shows credit card approval, I thought that the credit card application was issued through the bank. Today I will introduce the relevant content.

Credit report credit card approval ≠ card issuance

In fact, when the credit report shows credit card approval, it does not mean that the card has been issued, but that the bank has checked the applicant's credit report after applying for a credit card. , the reason for checking credit card approval will be recorded even if it is not checked once. This is similar to checking credit when applying for a loan, but it only shows loan approval.

And having a credit card approved by the credit report does not mean that the credit card application has been approved. You can check the credit record of the credit report to see if there are any new credit card account opening records in the recent period. If there is no explanation, the credit card may be If it is rejected, or is still under review, it is recommended to check the card application progress through the official channels of the card bank to confirm.

Credit credit card approval has an impact

The credit card approval record on the credit report is a hard query record. Like loan approval and guarantee qualification review, it will affect the credit report. There should not be too many such query records, no more than 3 times in 1 month, no more than 5 times in 3 months, and no more than 8 times in 6 months. Too many times means that you apply for credit cards frequently, and having different banks check your credit score in a short period of time will make your credit score very expensive, which is not conducive to applying for a card or applying for a loan.

Therefore, when applying for a credit card, we must not have the mentality of casting a wide net and apply for credit cards from multiple banks at the same time. Once we do this, the possibility of being rejected is very high, even if the credit limit is approved. It’s not too high. It’s recommended that you apply at staggered times one by one.

My personal credit report shows credit card approval. What does it mean

Showing credit card approval means that the credit card is under review. Credit card credit reporting means that when applying for a credit card, the bank will check the applicant's credit reporting record. Each bank has different standards for the impact of bad records on credit card approval. Some banks can approve as long as there is no current debt or overdue payment, while other banks must not have any bad records in the past three years. It usually takes 3-5 working days to complete the approval of Ping An Credit Card after application. During this period, if the information needs to be verified during the approval, a specialist will call you/send you a text message. However, whether the application is successful will be evaluated based on your comprehensive qualifications. You can log in Ping An Pocket Bank APP-Credit Card-More-Card Services-Card Application Progress, check the card application progress.

If you have any questions, you can click the link below and select the online customer service icon - credit card in the upper right corner of the homepage or follow the Ping An Bank Credit Card WeChat public account (paxyk95511) for consultation.

Response time: 2022-01-30. For the latest business changes, please refer to the official website of Ping An Bank.

What does the credit card approval written on the credit report mean?

After a customer applies for a credit card, the bank will conduct an review. During the review, the credit information system of the People's Bank of China will check the applicant's credit record. The approval shown on the credit report means that the bank has checked the applicant's credit record when approving the credit card. The credit card review process is generally as follows: 1. After the bank receives the customer information, it must first conduct a preliminary review. The preliminary review includes: review of identity certificate, work certificate, salary income certificate, and whether the application form is complete. If the certificate is insufficient, the customer will be notified to make up for it. pieces. 2. Enter the credit card approval system, use the ID card verification system to check and verify the authenticity of the customer's ID card information, and check whether the customer has a bad credit record in the personal credit reporting system. 3. Telephone verification: call the customer himself and his company to verify the authenticity of his personal information and company information. 4. After passing all reviews, the card will be approved or rejected.

Credit card approval and loan approval will appear on the credit report. Will this affect the mortgage loan?

It is normal for the credit report to have loan approval, because you need to get approval when applying for a credit card or applying for a loan, and it does not affect the housing loan.

If your credit report does not have late repayments or other bad records, when applying for a mortgage loan, as long as the income and repayment source meet the loan conditions, the bank will only consider the applicant's total liabilities and whether the applicant can repay on time. question, the rest is unimportant.

If there are not many loan approval records on your credit report, it will not affect your loan application.

If there are too many approval records, financial institutions will think that the borrower's records will affect the loan application. It is recommended that borrowers do not apply for loans from multiple platforms within a short period of time and maintain a good personal credit report, so as not to affect the processing of credit business.

What is the process of applying for a home loan?

The process of applying for a home loan at a commercial bank is:

1. The borrower first prepares the home purchase materials and goes to the bank to apply for a home loan.

2. Submit mortgage materials, wait for bank review, and conduct an interview.

3. After waiting for the bank's approval, the borrower goes to the bank to sign a loan contract, go through the house mortgage procedures, and finally waits for the bank to lend.

The application process for provident fund loans is:

1. Prepare materials, and then apply for a loan at the local provident fund center;

2. The provident fund center conducts review;

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3. After passing the review, the Provident Fund Center will transfer the materials to the cooperative bank, and the bank will review them;

4. After the bank passes the review, it will give an opinion, and the Provident Fund Center will decide whether to approve the loan;< /p>

5. After the Provident Fund Center agrees to lend, the borrower signs a loan contract and goes through mortgage and other procedures;

6. The Provident Fund Center notifies the bank to lend.

Things to note when applying for a mortgage loan

1. The information provided to the bank must be true.

When applying for a commercial personal housing loan, banks generally require borrowers to provide proof of economic income. For individuals, true proof of personal occupation, position and recent economic income should be provided. Because if your income does not reach a certain level and you do not have enough ability to repay the loan, but you exaggerate your income level, you are likely to default in the early stage of repayment, and if it is confirmed by bank investigation that you provided false certification, it will cause The bank's trust in you will be greatly reduced, which will affect your loan application.

2. Choose the repayment method that best suits you.

At present, there are basically two repayment methods for personal housing loans: one is the equal repayment method, and the other is the equal principal repayment method. The advantage of the equal repayment method is that the borrower can accurately grasp the monthly repayment amount and arrange the family's income and expenditure in a planned way. The equal principal repayment method is more suitable for individuals who have strong repayment ability in the early stage of repayment and hope to return a larger amount in the early stage of repayment to reduce interest expenses.

This concludes the introduction about credit report credit card approval and how long it takes to eliminate credit report credit card approval. Have you found the information you need?