Yes, banks really need to decide whether to give loans and the amount of loans according to your credit status. If the credit status is good, the loan amount is high, and the credit status is poor, the loan amount is relatively low.

Moreover, it should be noted that if you apply for credit cards from multiple banks in the past two years, there will be an inquiry record for each application, and the bank will refer to the approval of the last bank to decide whether to grant you a card and the amount of the card. If you have too many cards, it will lead to too many total credits and it is easy to be rejected.

Second, what do credit cards look at?

1, query times

This is a very important point. No matter whether you apply for a card or a loan, as long as it is on the credit report, you will leave a record of the inquiry, which is called hard inquiry.

If you apply frequently in a short period of time, resulting in too many inquiries, it will directly affect the credit card pass rate. The reason is nothing more than that the bank thinks you are short of money, otherwise how can you apply for credit cards and loans frequently?

2. Debt ratio

Debt ratio is to judge the applicant's current financial situation. Credit card and loan information will be recorded in the loan information on the credit report.

For example, credit card information will show the number of credit cards, monthly repayment amount, total credit limit of credit cards and available credit limit. For example, there are five credit cards in hand, each of which is empty, especially with large consumption, indicating that the applicant is heavily in debt; Loan information will record the number of lending institutions and loan amount, and also increase the debt ratio.

Once the debt ratio exceeds 50% of the applicant's monthly income, it is basically difficult to approve the card.

3. Number of credit cards

Now banks handle credit cards, and some banks have strict requirements on the number of credit cards. For example, China Construction Bank (CCB) is said to have five bank credit cards, so it can't apply any more. In addition, some people like to handle multiple credit cards in the same bank, and may not be approved. For example, China Everbright Bank will not approve more than five cards.

In addition, there are other details, such as whether there is any overdue. These should be clear to everyone, so I won't go into details here.