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

Many people think that credit cards are easier to handle without collateral, but this is not the case. As a bank product, no matter how low the credit card threshold is, there are still requirements. The bank will conduct a comprehensive assessment of the applicant's situation and only if the score meets the standard, the application will be rejected. Otherwise, the application will be rejected. Some people find it difficult to apply for a credit card, but they all have these characteristics. Let’s take a look.

Why is it difficult for some people to apply for a credit card?

1. Insufficient age: Age is one of the factors that banks use to judge an applicant’s repayment ability. Although you can apply for a card if you are over 18 years old, generally those over 22 to 45 years old are more popular. , this is the right age for hard work, the income is relatively stable, and most of them have families, and their repayment ability is also stronger. If you are too young, your income may be unstable; if you are too young, your health and income may not be as good as before.

2. Have bad credit: In the credit society, good credit is very important, especially when applying for a credit card. If the applicant has a credit record and has always repaid the loan on time, it means If you are willing to repay and have the ability to repay, if you have bad records or violations, it will be difficult to apply for a credit card.

3. No stable income: Although some people are working, they are not stable, such as salesmen, insurance agents, waiters, etc., and there are also various sensitive occupations where it is difficult to apply for a credit card; For those who have worked for less than a year, some may not even be able to pass the probation period, and banks will not take the risk in approving a card. Usually only those who have worked more stably for more than one year can easily apply for a card.

4. Carrying too much debt: If the applicant owes a lot of loans and credit cards, and the debt is found to be too high on the credit report, the monthly salary will have to be used to pay off the debt, and even basic living expenses will be lost. There is no guarantee that the bank will definitely reject the credit card application because they are afraid that they will not be able to pay back the credit card.

The above is the relevant introduction to "Why it is difficult for some people to apply for a credit card". I hope it will be helpful to everyone.

Why can’t I apply for a credit card even if it is not approved?

The use of credit cards has become very common. There may be a small number of people who have failed to apply for a credit card many times. If so, what is the problem? You need to calm down and think about it in order to find the key to the problem. In many cases, it is not easy to find which subtle link is wrong.

1. Not meeting the card issuance conditions

Many people do not understand the specific conditions for application when applying for a credit card. Some bank special cards are issued for specific groups of people, such as student cards. , female card, membership card or card with age restrictions, if you apply for a card without knowing it clearly, the bank will naturally not approve it.

2. Incomplete application information

Card applicants must pay attention to the authenticity and completeness of the application information provided. This is an important basis for the bank to approve the card. When applying for a credit card for the first time, these Information is particularly important. For example, if you have a house and a car and can submit a house purchase contract, vehicle driving license, etc., the probability of approval is greater; if you only have simple materials such as a copy of your ID card, the probability of approval is low.

3. There is a bad credit record

The bank will check the applicant's credit record through the credit platform. If you have a good credit record, you are more likely to be approved for the credit card; if you have a bad credit record, you will of course be denied. It is important to maintain a good credit history.

4. The application agency or channel is wrong

When applying for a credit card, you must apply at an official institution or a third party authorized by an official institution, otherwise you will fall into the trap of a black intermediary without knowing it. . This not only prevents you from getting a credit card, it can even lead to the leakage of personal information, causing irreparable economic losses.

If you frequently apply for a credit card but cannot get it, you must find out the reason. Every time you apply for a credit card, when the bank checks the credit report, it will leave the time when a certain bank checked the report. If you apply for credit cards intensively, you may be suspected of being a high-risk customer and not be approved.

Why can’t I apply for a credit card?

No matter which bank you apply for a credit card, the applicant needs to meet the following basic conditions:

Age: Applicants for the main card must be over 18 years old, and applicants for additional cards must be over 16 years old. Above;

Economic strength: Have a stable job and income, and have a certain ability to repay;

Credit information: No bad personal credit record, no overdue credit or cash out using credit cards, etc. Behavior.

If you do not meet the above basic conditions, it is inevitable that the bank will refuse to issue the card, especially if your bad credit report will affect your credit behavior in the past two or even five years.

There are many types of credit cards, and each bank has its own specific card conditions:

Age restrictions: For example, China Merchants Bank YOUNG Card and Bank of Communications Y-POWER Card are only for those under 30 years old. Young people are open to apply;

Insufficient application materials: The higher the level of the credit card, the stronger the financial strength the applicant needs to have. If you want to apply for a high-limit credit card, it is best to provide additional proof of financial resources: Real estate certificates, vehicle driving licenses, large deposit receipts, stock purchase or option certificates, etc. can all be displayed;

Others: Different banks have their own credit card review preferences. For example, ICBC credit cards require applicants to have corresponding qualifications. Star level, those who have not done business with ICBC are likely to be rejected.

Why can’t I apply for a credit card?

Failure to apply for a credit card does not necessarily mean there is a problem with your credit report. If you can't get a credit card, there may be a problem with your credit report, but it's not certain. Generally speaking, there are three reasons for credit card rejection:

1. Reasons for the applicant’s basic information, such as under 18 years of age, occupation that is prohibited for bank credit cards, insufficient information provided, and insufficient salary information wait.

2. Reasons for the applicant’s credit reporting, such as multiple overdue behaviors, multiple unpaid loans, etc.

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

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

2) Some bad credit records will be permanently on the credit blacklist, which means you will never be able to get a credit card and borrow a penny from the bank. For some bad credit records, after paying off the debt in full (including overdue penalties, 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 to say, you cannot apply for a credit card within 5 years, but you can apply for it after 5 years. In some cases, a credit record is perfectly fine, but a credit card cannot be processed.

3) Credit cards are divided into credit cards and quasi-credit cards. A credit card that allows you to make purchases first and then refund the money within your credit limit. A certain amount of petty cash must be deposited into a quasi-credit card. If your petty cash is not enough to cover the expenses, you can overdraw your credit card by a specified credit limit. The difference between debit cards and credit cards: Credit cards (consumer credit products) consume first and then repay, while debit cards deposit first and use later; credit cards can be overdrafted, but debit cards cannot be overdrafted; credit cards have revolving credit limits, but debit cards have no revolving Credit limit; (Revolving credit refers to the amount approved by the bank for the cardholder. The cardholder does not need to repay the amount owed within the limit. Only the specified minimum repayment amount can maintain a good credit record and re-use it. . Credit limit of the cardholder.)

What are the reasons for not being able to apply for a credit card?

There are many reasons for not being able to apply for a credit card. Examples are as follows:

1. Materials Incomplete, wrong information.

2. The applicant cannot be contacted to verify the information, and the unit cannot find the person.

3. Being on the blacklist means there is a problem with your credit report.

Take ICBC as an example to process credit card processing fees. The steps are as follows:

In addition to ID cards and work permits, ICBC counter processing credit cards also require other financial or property proofs, such as salary and income certificates. , real estate certificate, etc. The relevant materials are as follows:

(1) Copy of identity document. Both primary and secondary card applicants are required to provide it.

The identity document refers to one of the resident identity cards, military officer's ID cards, Mainland Travel Permits for Hong Kong and Macao residents, Mainland Travel Permits for Taiwan compatriots, and foreign passports.

(2) Work certification documents. Refers to a copy of the work permit, the original work certificate issued by the work unit, a copy of the professional qualification certificate, and a copy of the professional title.

(3) Copy of proof of fixed residence. Such as house ownership certificate, public housing rental agreement or public housing purchase agreement, etc. Applicants who work in companies (enterprises) are generally required to provide documents proving their own real estate (copies of their own real estate certificate, public housing lease agreement or public housing purchase agreement, housing loan contract, etc.).

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Why is it so difficult to apply for a credit card (debit card)?

The reason why it is difficult to apply for a credit card (credit card) is that a credit card (credit card) is provided by the bank with a credit limit for customers to spend in advance. Unlike a debit card, the customer deposits money themselves. To consume. Therefore, in order to ensure that the money can be recovered, customers can repay it on time after swiping their credit cards (debit cards), which naturally imposes stricter credit requirements on customers.

Generally, the higher the limit and the more benefits a high-grade credit card (credit card) has (such as platinum card and diamond card), the higher the financial income level requirements of the customer will be. It is relatively easy to apply for cards such as regular cards and gold cards.

This ends the introduction on why it is so difficult to apply for a credit card and why it is impossible to apply for a credit card. Have you found the information you need?