Why is it difficult for some people to get a credit card? There are several reasons

Many people think that credit cards are easier to handle without mortgage guarantee, but they are not. As a product of the bank, it is also required to lower the credit card threshold. The bank will make a comprehensive evaluation of the applicant's situation, and the score will reach the standard, otherwise it will be rejected. And some people are difficult to handle credit cards, and they all have these characteristics. Let's take a look.

why is it difficult for some people to get a credit card?

1. Unsatisfied age: Age is one of the factors for banks to judge applicants' repayment ability. Although they can apply for a card when they are over 18 years old, they are generally more popular when they are over 22 to 45 years old. This is the right age for hard work, and their income is relatively stable. Plus, most of them have families and their repayment ability is stronger. If you are too young, your income will be unstable; if you are too old, your health and income may be worse than before.

2. Bad credit: Good credit is very important in a credit society, especially when you run a credit card. If the applicant has a credit record and always pays back on time, it means that he is willing to repay and has the ability to repay. Otherwise, if he has a bad record or violates regulations, it is very difficult to run a credit card.

3. No stable income: Some people are unstable at work, such as salesmen, insurers, waiters, etc., and it is difficult to get a credit card in various sensitive occupations; There are also those who have just been working for less than one year, and some may not even pass the probation period. Banks will not take risks to approve cards. Usually, only those who have worked for more than one year are relatively stable.

4. Too much debt: If the applicant owes a lot of loans and credit cards, it is found that the debt is too high, and every month's salary has to be used to pay off the debt, and even the basic life can't be guaranteed. The bank will definitely refuse the credit card application, fearing that the credit card can't afford it.

the above is the introduction of "why it is difficult for some people to apply for a credit card". I hope it will help everyone.

why is it so difficult to apply for a credit card?

it is difficult to apply for a credit card (debit card) because the credit card (debit card) is provided by the bank for customers to spend in advance, unlike a savings card, which can only be spent by customers themselves. Therefore, in order to ensure that the money can be recovered, customers can repay it on time after spending by credit card (debit card), and naturally the credit requirements of customers will be stricter.

and high-grade credit cards (debit cards) (such as platinum cards and diamond cards) with higher general amount and more interests will have higher requirements for customers' economic income level. It is relatively easy to apply for cards such as Puka and Gold Card.

why can't I apply for a credit card?

the failure of a credit card is not necessarily due to a credit problem. If you can't get a credit card, there may be a problem with the credit investigation, but you can't be sure. Generally speaking, there are three reasons for the rejection of credit cards:

1. The reasons for the applicant's basic information, such as under 18 years of age, occupation is a restricted area for bank credit cards, information provided is not detailed, and salary information is not detailed.

2. Reasons for the applicant's credit investigation, such as repeated overdue behaviors and repeated unpaid loans.

3. Other reasons, such as high debt, failure to meet bank requirements, etc.

1) If applying for a credit card, the customer must be at least 18 years old and have full capacity for civil conduct; And maintain a good personal credit; There must also be a stable and legal source of economic income and the ability to repay on time. However, if you are under 16, you need to be accompanied by your parents. If you choose to operate a premium platinum card, you will have stricter requirements on the economic and financial level of your customers. If you only apply for a savings card, there is no requirement. Customers can bring their personal ID cards to the outlets.

2) Some bad credit records will be permanently blacklisted, which means that you will never get a credit card or borrow a penny from the bank. For some bad credit records, after paying off the arrears in full (including overdue fine, interest and compound interest), there will be no overdue records within 5 years, and all bad records will be automatically cleared after 5 years. That is, you can't apply for a credit card within five years, but you can do it after five years. In some cases, credit records are fine, but credit cards cannot be processed.

3) Credit cards are divided into credit cards and quasi-credit cards. Credit card a credit card that can be spent first and then refunded within the credit limit. Quasi-credit cards must deposit a certain amount of petty cash. If the petty cash is not enough to pay, you can overdraw the specified credit limit on the credit card. The difference between debit card and credit card: credit card (consumer credit product) consumes first and then repays, while debit card saves first and then uses; Credit cards can be overdrawn, but debit cards cannot be overdrawn; Credit cards have revolving credit lines, while debit cards have no revolving credit lines; (Revolving credit refers to the amount approved by the bank for the cardholder. The amount owed by the cardholder within the limit does not need to be fully repaid. Only the specified minimum repayment amount can maintain a good credit record and reuse it. Credit limit of the cardholder. )

This is the end of the introduction about why credit cards are so difficult and why they are so difficult to handle. Did you find the information you need?