Credit card applications are rejected for other reasons:
Reason one: the applicant's repayment ability is insufficient and the information is untrue.
The applicant's insufficient repayment ability will involve two aspects. One is the income of the applicant. If the applicant's income is too low and exceeds the bottom line of credit card issuance, the bank will not approve it.
On the other hand, applicants have stable jobs and many applicants have high incomes. However, due to the unstable sources of income, such as self-employed, banks will worry about the applicant's future repayment ability and may refuse to sign.
Secondly, if the bank finds that the applicant's information is untrue after verification, it will also refuse to approve the card.
Reason 2: the applicant's credit record is not good.
The applicant's credit record will also be an important reason for the failure of credit card approval. No matter how high an applicant's income is, how many jobs he has, or even how many assets he has, if the applicant's credit record is poor and there are many overdue records, then the bank will think that although the applicant has the ability to repay, there is a possibility of "default", that is, he can repay but not repay. For banks, such cardholders are not more valuable than those who have no repayment ability, so it will also lead to the invalidation of credit cards.
Reason 3: There are too many credit cards.
If the applicant holds too many credit cards, the bank will judge whether the overall credit limit of the credit card he holds now is compared with his income and whether he is able to repay the new credit card. For example, although the applicant earns more than 10,000 yuan a month, he already has three or four credit cards with tens of thousands of yuan, then the bank will think that the applicant's comprehensive credit ability has exceeded, and there will be a risk that he will not be able to repay the card again, because such an applicant will also fail to approve.