Credit cards are a common payment tool in modern life, but not everyone can easily apply for a credit card. Many people cannot meet the threshold for credit card application. As far as loans are concerned, if you do not meet the application threshold, you can find a loan guarantor to share the risk. So is a guarantor required for credit card applications? What should I do if I don’t meet the threshold for credit card application? Today I will introduce it to you in detail!

1. Whether a guarantor is required to apply for a credit card

1. Determined by personal circumstances: Whether a guarantor is required to apply for a credit card depends on individual circumstances and bank policies. In some cases, the bank may require a reliable guarantor to back the applicant and promise to pay in the event of repayment problems. But not all banks require a guarantor.

2. Differences in bank policies: Different banks have different requirements and standards for the qualifications of applicants. Some banks are more tolerant to first-time or entry-level users and will give them the opportunity to apply for a credit card even if they have no fixed income or credit record; other banks are more inclined to examine factors such as stable income, credit record, and personal background.

2. How to deal with failure to meet the threshold for credit card application

1. Choose a suitable card type: If you cannot meet the conditions for ordinary credit cards, you can consider applying for a special type of credit card, such as Student card or prepaid card. These types of cards are easier for new users or people without a steady source of income to get approved for.

2. Establish a good credit record: If you are currently unable to meet the credit card application standards, it is recommended to establish a good credit record first. This can be achieved through timely repayments of borrowed money/loans, paying regular bills such as utility bills and phone bills, and ensuring that all repayments are made on time. Over time, you'll be able to improve your credit score and have a chance of successfully applying for a regular credit card.

3. Consult with existing bank relationships: If you have established a long-term and good relationship with a certain bank, you can try to consult with the bank whether there are other processing options. Sometimes, you may be able to get more special treatment or flexible policies based on existing customer relationships and word of mouth.