Reasons for failure of credit card application

The failure of credit card application review may be due to the following reasons:

1. The application conditions are not met;

2. Improper information filling;

3. There is a bad credit record;

4. The comprehensive score is not enough;

5. The card application agency does not Formal;

6. Too many credit card holders;

7. The debt ratio is too high, etc.

If it is due to the applicant’s insufficient repayment ability, there will be two aspects involved. One is that the applicant’s income is too low, then the bank will refuse the approval;

On the other hand, the applicant’s income is too low. It depends on whether the applicant's job is stable. Many applicants have a high income. However, because the source of income is unstable, the bank will worry about the applicant's future repayment ability and may reject the application.

Credit card application

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can issue cards to Apply for a credit card. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc.

And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.

The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have an application A person's autograph.

Review

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.

Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.

The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

Card Issuance

After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

What are the reasons for failed credit card application?

For many cardholders, they think that as long as their credit report is not overdue, it should be easy to apply for a credit card. However, many cardholders report that their credit card applications are always rejected. In fact, credit card applications are rejected. There are many reasons, and credit reporting is only one of them. There are also some other special reasons. If you don’t do the right things, your credit card application will be rejected. So today Xiao Qin will share with you the reasons why your credit card application is rejected and how to get rid of it. The solving skills allow us to easily get rid of the card. If you are interested, please continue reading!

1. Insufficient comprehensive score

I believe this is the reason why many cardholders are rejected. What is insufficient comprehensive score refers to your internal big data in the bank, your personal Credit report is external big data. Your credit report is not overdue, but you need to prepare the internal data of the bank you are applying for to build the bank's attention and improve your internal score in the bank. Otherwise, you will do nothing to apply. will be rejected by the bank, so how to improve the attention of the bank and create a comprehensive score? Interested cardholders can consult Xiaoqin WeChat to learn.

2. Card type selection

Credit cards also have levels. The higher the level of the card, the higher the requirements for applicants. If you don't apply based on your actual qualifications, you're likely to be rejected. On the contrary, if you can choose the card type based on your personal qualifications, your success rate will be much higher.

3. Too many multiple credit extensions

Multiple credit extensions refer to the behavior of two or more financial institutions granting credit to the same customer, which includes credit cards. , credit, and credit lines from various financial institutions. When a person has too many credit institutions, it is easy for the credit limit to be too high, causing the credit card application to be rejected due to multiple credit extensions. Currently, construction, investment, agriculture, people's livelihood, and Guangfa have multiple credit extensions. It's very strict. Is there any way to break it?

1. Optimize credit reporting

Credit reporting flowers or inquiry records exceeding the limit are also a type of multi-credit credit. Credit reporting flowers and cardholders whose inquiry records have exceeded the limit should stop proceeding first. To apply, use the technique of "creating a credit report account with 3 Ns and a single currency card". Within 3 months, you can directly isolate the original query over-limit records and directly achieve the effect of reshaping the credit report. If you don't know how, you can consult a small Qin WeChat learning.

2. Cancel unused credit platforms

You once had a financial platform with authorized quotas. If you no longer use it, it is recommended to cancel it directly. Generally, financial platforms with authorized quotas , are all subject to credit review at the meeting, and will also affect the credit extension of long-term investors.

3. Create high-quality credit cards

Many people think that the more credit cards, the better. In fact, it is usually enough to create 3-6 cards. It is not about having too many cards, but about being precise. Many, they are just a bunch of food cards, which will not help you to increase your credit limit, and will also affect the bank to give you a higher credit limit, so according to your current bank situation, you can cancel credit cards from banks with little room for improvement. After streamlining, by using special "intensive card" techniques to increase the credit limit, you can easily achieve a total credit limit of 500,000!

The reasons for the failure of credit card application cannot be escaped from these points

So and so next door has applied for a credit card. Why is my credit card application always rejected? I believe that many card friends We have all encountered this experience and hope to do something to change this situation of being denied a card. Therefore, let’s analyze the reasons why credit card application fails.

1. The application does not meet the conditions

Most credit cards have rigid requirements for the applicant’s gender, age, income, etc. For example, China Merchants Bank’s YOUNG card is limited to those under 30 years old. The GF True Love Card is specially designed for female friends. The bank’s Platinum Card and Gold Card have certain income requirements for applicants, and some cards are specially designed for college students.

Therefore, if you do not understand the specific requirements of a certain credit card before applying for it, and if you happen to not meet the requirements of the credit card, your credit card application will naturally be rejected by the bank.

2. Bad credit record

The applicant's personal credit record has an important impact on whether the credit card application can be successful. For those with poor credit records, even if their salary is RMB 100,000 or RMB 200,000, the bank may not approve their credit card application. Because after you submit your credit card application, the bank will review your credit history for the past two years. Therefore, it is necessary to make on-time repayments within at least two years and have no bad credit record.

3. Incomplete application information

Incomplete application information is the reason why most cardholders fail to apply for credit cards. Because the authenticity and completeness of the information are the primary factors that determine whether you can get the card. If you provide false information, the bank will reject your application without hesitation once it is discovered through investigation, so don’t take any chances. Of course, if the personal information filled in is incomplete and some necessary information is missing, the bank will not approve your application.

Therefore, be sure to be truthful and complete when filling in the information. If your credit card application fails, you might as well check whether the information you filled in meets these two conditions.

4. Encountering black intermediary structures

There are many black intermediaries on the Internet today, which use various means to induce cardholders to apply for cards through its designated channels, and then defraud money and personal information. And these black institutions have no conditions for opening a card. There is no doubt that your credit card application will fail.

Therefore, card friends should be wary of these black institutions on the Internet, do not be deceived, and must apply for a credit card through formal channels, such as going to the bank business hall, applying for a credit card on the bank's WeChat official account, or on the bank's official website. .

5. Missing the credit reference call

If you miss the credit reference call from the bank, the bank will not be able to verify your information in time and your credit card application will fail. So, once you apply for a credit card, pay attention to the bank’s phone calls and don’t miss them.

After the bank accepts the applicant's credit card application, it will investigate the authenticity and completeness of the information provided by the applicant by telephone or in person. After the investigation is completed, the bank's internal system will be used to review whether the applicant meets the card application requirements and whether the credit record is good. Finally, a comprehensive score will be obtained through investigation and review. If the comprehensive score does not meet the bank's card issuance requirements, your credit card application will also be rejected.

The above is a summary of the reasons why credit card applications fail. Those cardholders who are still worried about why their credit card applications always fail can find reasons from the above six aspects based on their own circumstances. Here I hope every cardholder can apply for a credit card quickly.

Reasons for failed credit card applications

The main reasons for failed credit card applications are as follows: the applicant’s age does not meet the requirements, for example, the applicant is underage; the applicant does not have a stable job , such as freelancers, unemployed, unemployed people; the applicant does not have the ability to repay the principal and interest; the applicant has a bad credit report and has overdue records in the credit report; the user has used credit cards in violation of regulations before, etc.

If the above reasons occur, the user's application for a credit card is likely to be rejected. If you want to successfully apply for a credit card, you must first solve the relevant problems

This is the end of the introduction to the reasons why the credit card application failed.