1. The income certificate or asset certificate provided by you when you apply for the card is insufficient, and the bank will not approve it on the grounds that you are unable to repay.
2. You have an overdue or bad credit record before;
3. You have submitted too many bank card applications at the same time, and the bank considers that you may have the possibility of malicious overdraft. I suggest you go to the Personal Credit Information Center of the People's Bank of China to inquire about your personal credit report and know your credit situation. Specific local outlets can be found on the website of Personal Credit Information Center of China People's Bank. If there are overdue or bad records, please deal with them as soon as possible and submit the application after 6 months.
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Consequences of overdue credit card:
1. Credit card is a business launched by banks. If it is overdue, it has its own credit. Generally speaking, as long as it is overdue for more than 6 times or once for more than 3 months, it is a serious credit overdue user. The overdue time is as long as 4 years, and it has been included in the credit blacklist. In the future, flying, high-speed rail and bank loans will be restricted.
2. There will be high penalty interest and liquidated damages. Credit cards do not charge interest as long as they are repaid before the repayment date. If you use a credit card to withdraw cash, you will not only have interest, but also default interest and penalty. The penalty interest is five ten thousandths per day, and the amount owed is as high as 400,000. The amount of penalty interest and liquidated damages during the four-year period is huge.
3. Being sued by the bank, the credit card in arrears will eventually be sued by the bank. The overdue amount is 400,000. If you refuse to repay after repeated collection, you may be suspected of malicious cashing, and the final consequence is imprisonment.
4. The bank will collect overdue information and submit it to the central bank's credit information center, and the overdue records will be entered into the credit information report. Before the bank submits it to the central bank, the cardholder pays off the arrears and explains the situation to the bank. Banks will stop submitting to the central bank, and the credit report will not be tainted. The time limit for submitting overdue information varies from bank to bank. Please consult the issuing bank for the specific time.
5. Long-term refusal to repay or negotiate will be blacklisted first. Those who still fail to perform after the expiration will be restricted from traveling and cannot take public transport. In serious cases, they will be prosecuted, enforced or detained. In short, the longer the overdue period, the greater the impact. Personal credit report will have more and more influence on life, so it is suggested to take remedial measures as soon as possible to reduce the influence on credit report.