Why can’t I apply for a credit card?

1.

There are many reasons for failure to apply for a credit card, such as:

1. Age incompatibility: Credit cards will have certain age requirements for applicants. Most people need to be over 18 years old, but some people need to be over 20 or 22 or 23 years old. If the applicant does not meet the age limit, he will naturally not be able to apply for a credit card.

2. Credit problems: If you want to apply for a credit card, the applicant's personal credit must be good, and there must be no bad credit record on the credit report. Otherwise, the bank will most likely refuse to approve the card.

3. Insufficient repayment ability: When applying for a credit card, banks generally require applicants to provide some economic income and asset information to prove their ability to repay on time. Some bank credit cards also have special regulations, The applicant's annual (monthly) after-tax income must reach a certain level. If the applicant cannot prove that he or she has the ability to repay the loan on time, the application is likely to fail.

4. Holding too many credit cards: If the applicant holds too many credit cards and the debt ratio is too high, the card application may not be approved; even if the card is applied for, the approved limit It may also be lower.

5. Frequently applying for credit cards: If the applicant has always applied for credit cards some time ago, the application may be rejected. After all, frequently applying for credit cards can easily mess up your credit score, and may also make banks suspect that the applicant's financial life is unstable, which will have a certain impact on credit card approval.

2. Credit card related content

1. You can use overdrafts without deposits, and enjoy an interest-free period of 20-56 days to pay back on time without any interest charges (largely Some banks will charge an interest of 50,000 cents on the day of cash withdrawal, as well as a handling fee of 2%. ICBC does not charge a handling fee for cash withdrawals and only charges interest);

2. Swiping a card when shopping is not only safe and convenient, but also There are points for gifts;

3. You can enjoy discounts when using the card at the bank's special merchants;

4. Accumulate personal credit and add integrity records to your credit file. , which will benefit you throughout your life;

5. It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo.

Why the credit card application cannot be processed

What are the reasons why the credit card application is rejected? What are the reasons why the credit card application cannot be processed.

Reasons for users being rejected when applying for credit cards: frequent applications for various credit services in a short period of time; poor personal credit, with overdue records in the credit; personal debt ratio is too high and repayment ability is insufficient; there is no stability job and income; does not meet the age requirement for applying for a credit card; the user has been blacklisted by the bank.

When the above situation occurs, the user's credit card application will be rejected. The user must solve the problem first and then apply for a credit card. Repeated applications will only cause the personal credit report to be ruined.

What are the reasons for failure to apply for a credit card?

1. Age does not meet the requirements: Generally speaking, if the user is 18 years old and above, then he or she can apply for a credit card. However, some banks or some card types have stricter requirements, requiring you to be between 22 and 23 years old.

2. Too many credit cards have been applied for: Because users rely on their current credit to apply for loans or credit cards, banks will have an estimated upper limit. If you have applied for multiple credit cards at the bank and the credit limit is close to the upper limit, then you may easily be rejected if you apply again.

3. Personal repayment ability is average: Credit card debt must be repaid every month, which naturally requires users to have a stable source of economic income. It is very difficult for people without jobs to apply.

4. Credit reporting: If the user has had serious overdue payments or has high personal debt, it will be visible on the credit report, and the bank will reject it due to risk considerations.

The following are the credit card channels for Ping An Bank, China Merchants Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Minsheng Bank, China Everbright Bank, and China CITIC Bank. If you need it, you can apply by yourself!

Credit card application for China Merchants Bank and Ping An Bank

Credit card application for China Everbright Bank and China CITIC Bank

Credit card application for Agricultural Bank of China and Minsheng Bank

Bank Why not apply for a credit card

The reasons for not being able to apply for a credit card are as follows:

1. The user does not meet the conditions for issuing a card, or the user is not within the age limit for application. (Shizuka Says Card A)

2. The application materials submitted by the user are incomplete, have low authenticity, or do not meet the conditions for credit card application.

3. If the user has a bad credit record, the bank will check the user's credit record based on the credit platform. If the record is bad, the bank will refuse to handle the application.

4. The bank’s comprehensive score for users does not meet the standard. Only when the score meets the standard will the bank approve the card.

5. The user did not choose a formal institution to apply for a credit card.

Why the credit card application cannot be approved

The credit card application may not be approved because the credit card applicant failed to meet the card application requirements stipulated by the bank. For example: the applicant is 18 years old or too old, has a bad record in the personal credit system, etc. The essence of a credit card is equivalent to a credit loan, and banks usually have stricter review of loan business.

When banks review credit card applications, they usually require applicants to meet the following points: age, identity information, credit status, work status, personal financial status, etc. Usually the card-issuing bank will impose requirements on the age of credit card applicants. Required to be over 18 years old and below the legal retirement age.

When banks review the credit card applicants’ qualifications, they usually require credit card applicants to provide sufficient personal identity information. Including: phone number, ID number, home address, registered residence, education, degree, marital status, etc. If the personal identity information provided is not comprehensive or true enough, it may be rejected by the bank.

Credit status refers to whether there is any breach of trust in the credit transaction between the credit card applicant and the bank. Usually an individual's credit status is recorded in the system of the Credit Information Center of the People's Bank of China. If there is a bad credit record, it will have an impact on credit card approval.

The work status of the credit card applicant includes: the nature of the work unit, whether it is a public institution or an enterprise unit, whether it is a government agency or a non-governmental organization, as well as the position and level of the unit. Generally, the more stable the job, the more likely the bank will approve the card.

Personal financial status includes salary income status and inherent asset status. Personal financial status reflects a credit card applicant’s repayment ability to a certain extent. The bank will decide whether to approve the credit card application based on the credit card applicant's personal financial situation.

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. . The credit limit of the cardholder.)

Why can’t I apply for a credit card?

The use of credit cards has become very common, and a small number of people may encounter this problem. When you apply for a credit card many times but fail to do 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.

This ends the introduction about why I can’t apply for a credit card and why I can’t apply for a credit card. Have you found the information you need?