Why do I always fail to apply for a credit card? Here are the reasons

Many people want to apply for a credit card for daily expenses, but their application is always rejected every time. It seems easy for others to apply for a credit card. Why is this? In fact, there are many reasons why a credit card application is not approved, including the applicant’s credit conditions and some external factors.

Why do I always fail to apply for a credit card?

1. Overdue

You can generally see the repayment status of loans and existing credit cards from the credit report, although some may only be overdue once or twice, which will affect the For subsequent credit card applications, especially if the number of overdue applications in the past 2 years has reached three to six, it is best not to apply, pay off the overdue balance, and wait until the bad credit is eliminated in 5 years before applying again.

2. Multi-party credit

Generally refers to the issuance of credit cards by more than 3 banks, or loans from more than 2 institutions. This will make the bank think that the applicant's funds are relatively tight, so the application Credit cards have the risk of using the card to support the card and using the card to support the loan. Even if they are not overdue currently, the potential risk of overdue is high, which will directly put them on the gray list.

3. High debt ratio

The loan limit and credit card used limit shown on the credit report are all personal liabilities. The bank will count the total liabilities and then follow the formula: Personal Debt ratio = total liabilities/total income 100% to calculate the debt ratio. If a personal debt ratio exceeds 70%, all banks will basically reject the card; if it exceeds 60%, there is a higher chance of rejecting the card.

4. Fraudulent information

There are many intermediaries on the market now, claiming to be able to package information for you and improve the success rate of card application. Be careful when doing this. After all, the bank system will analyze the authenticity of the information you submit through big data. If you are found to be fraudulent, you may be blacklisted by the bank.

In addition, failure to apply for a credit card is also related to the card level and bank threshold. In short, just apply according to your own conditions and needs.

Why do you always fail to apply for a credit card?

If you apply for a credit card multiple times and fail, it may be because you applied for a credit card multiple times in a short period of time; it may also be because the credit card application information provided is not enough. Sufficient; it may also be due to problems with personal credit reporting and other reasons. It is recommended to check the personal credit reporting report first, and then call customer service to confirm the reason for rejection after there are no problems. It is recommended that you apply at these banks: Industrial Bank, Everbright Bank, Minsheng Bank or CITIC Bank. These banks are easier to apply for.

To apply for the main credit card of China Merchants Bank, you need to be 18-60 years old (25-60 years old for foreigners), have certain financial ability and good credit record, and submit ID card, work certificate, financial certificate and other information.

If you need to apply for a China Merchants Bank credit card, you can currently try to apply through the following channels:

1. Open WeChat (version 8.0.16) WeChat in iPhone13 i0S15.0 version Search and follow "China Merchants Bank Credit Card" on the official account, enter "Apply for Credit Card", enter the link to select your favorite card type, and fill in the appointment application information. Details can be verified by WeChat manual customer service.

2. Open the Baidu browser (version 13.2) on the iPhone 13 i0S15.0 version, log in to the credit card website, select "Apply for a Card" - "New Customer Application", select the corresponding card type and click "Apply Now" , fill in simple appointment information online and wait for bank review. If approved, a specialist will come to serve you. If you want to apply in this way, please first confirm whether our bank can provide free appointment door-to-door service in your area (the results will be displayed after selecting the province/city/district).

3. After logging into the Agricultural Bank of China Mobile Banking APP (version 2.0.0) on the iPhone 13 i0S15.0 version and downloading the Palm Life client, the new user selects "My → I want to apply for a card". To apply for an additional credit card, select "Finance→Card Manager→New Card Listing→Card Family Portrait" to apply.

4. I bring my original ID card, proof of employment, proof of financial resources and other materials to apply at a China Merchants Bank branch.

5. Log in to the Industrial and Commercial Bank of China APP (version 7.0.1.2.1) on the iPhone 13 i0S15.0 version. After logging into mobile banking, click "My → All → Credit Cards → Apply for a Credit Card" to apply.

Warm reminder: Mobile banking cannot currently select the card type. It is recommended to select the card type through the WeChat official account or official website.

6. You can also call our credit card customer service hotline, select "3#-1-3" to transfer the service specialist to register for you, and notify our local staff to contact you to confirm the application.

7. If you apply for the professional version of our bank, you can log in to the professional version (version 7.7.0), click "Credit Card → Customer Management → Online Application → Credit Card Quick Application" and then jump to the official credit card website page Apply.

Why the credit card application was not approved

Personal credit issues. When a user applies for a credit card, the bank will check the user's credit report. If the user has a bank debt before, there will be a stain on the personal credit report. Then, the bank may reject the user's application.

The information is incomplete. When applying for a credit card, user information is a very important aspect. If the information submitted by the user is not complete enough, the bank cannot make a judgment. Then, this situation may also cause the credit card application to be rejected.

The condition is not met. There are many reasons for this. For example, if the user is under 18 years old or does not have a stable income, the credit card application may fail. Therefore, when applying for a credit card, users can first check whether their conditions meet the bank's requirements.

The information is false. The bank needs to review the application materials submitted by the applicant to the bank. If the information is found to be in doubt, a call may be made to verify it; if the actual situation is inconsistent with the information filled in by the user, the credit card application will fail.

The card applied for is of a higher level. There are many types of credit cards: regular card, gold card, platinum card, diamond card, etc. The higher the level of the card, the higher the application threshold will be. Therefore, if the user conditions are not met, the application for a higher-level card may not be approved.

It turns out that there are so many factors to consider when applying for a credit card

Why do I always fail to apply for a credit card?

Many times, the reasons for rejection of credit card applications include both objective and Subjective. On the one hand, banks sometimes have stricter review standards for applicants or control the number of cards issued in order to optimize risks. On the other hand, the application may be rejected due to problems such as the applicant's own conditions not meeting the bank's requirements, poor credit record, etc. The details are as follows:

1. The age of the applicant does not meet the requirements: Credit card applicants must be Chinese citizens who are over 18 years old and have full capacity for civil conduct.

2. The applicant’s work and income situation does not meet the requirements. The applicant must have a stable job and a legal source of income. Having a job and income can ensure that the applicant can pay off the credit card account.

3. If the applicant’s personal credit does not meet the requirements, the bank will review the applicant’s personal credit report. If there is any stain on the personal credit report, the bank will not approve the application.

4 The applicant cannot be contacted: The bank will contact the applicant multiple times during the review period to verify the personal situation. If the mobile phone number or address reserved by the applicant in the bank is incorrect, the bank cannot contact the applicant. , the bank will not approve the credit card application.

5. Health reasons of the applicant: If there is a health problem with the application, the bank will conduct risk control on the applicant during the review and consider whether to give the applicant a credit card.

6. Applicant’s asset issues. If the credit card you are applying for is of a higher level, the bank will ask the applicant to provide corresponding asset certificates, such as real estate certificates, car driving licenses, stock securities, bank deposit receipts, salary slips, etc. , if the personal assets applied for do not meet the i threshold conditions for applying for a credit card, the bank will not pass it.

7. Frequently submit applications. Applicants frequently apply for credit cards from the same bank, submit application forms multiple times or cancel submissions multiple times. This is also the reason for insufficient credit card applications.

The reasons for failed credit card applications are generally as follows:

First of all, if the information filled in when applying for a credit card is untrue, the application will be rejected.

Secondly, the applicant’s own situation does not meet the card issuance conditions. For example, he does not have a stable source of income and cannot prove that he has the financial resources to pay off the credit card.

Thirdly, there are no branches of the bank in the place of application. In this case, you generally cannot apply for a credit card from the bank.

Finally, poor personal credit record is also a common reason for failure to apply for a credit card.

This ends the introduction on why credit card applications always fail. Have you found the information you need?