Applying for a high-amount loan in China requires a guarantor, and the guarantor is responsible. When the borrower fails to repay the loan, the lending financial institution can require the guarantor to repay the loan. Therefore, everyone needs to think carefully before becoming a guarantor. So, can I still apply for a credit card after being a guarantee?

Can I still apply for a credit card after being a guarantee?

I can still apply for a credit card after being a guarantee, but after becoming a guarantor, The bank can see the guarantee information for others from the credit report. It is relatively simple for a guarantor to apply for a credit card when the loan is repaid. If the lender is overdue, the overdue situation will affect the guarantor's card application. The guarantor bears joint and several liability and is obligated to repay the lender. The bank's requirements for their repayment ability are higher than ordinary people.

What are the conditions for applying for a credit card?

1. You need to be between 18 and 60 years old and have full civil capacity;

2. The personal credit situation is good and there is no bad credit record;

3. The applicant has the ability to repay and has a stable economic income.

4. Other special conditions vary according to different card types. For example, a car owner card requires a vehicle in your name.

In general, the success of credit card applications from major domestic banks mainly depends on the applicant's repayment ability. Simply put, when applying for a credit card, banks pay more attention to the guarantor's repayment ability. The risk of applying for a credit card as a guarantor is very high. If you don’t want your card to be rejected, you can try to terminate the guarantee relationship with the lender.