Why credit card applications are always rejected

The following reasons may be responsible for the rejection of credit card applications:

1. Incomplete application information: some key information is missing from the credit card application information Information, such as no detailed fixed residential address.

2. Credit stain: If the applicant has a bad credit record, the bank will refuse to approve the credit card.

3. Malicious cash withdrawal: The applicant has made malicious cash withdrawals from other banks, so the bank refuses to apply for a credit card.

4. Falsification of job information: The unit information and job information on the application materials must be consistent with the actual situation, otherwise it will be rejected.

5. Bank limits the number of approvals: There is a limit to the number of credit cards that banks can approve every day. If the number exceeds the limit, it will be rejected.

Why credit card applications are always rejected

Many times, the reasons for rejection of credit card applications are both objective and subjective. On the one hand, banks sometimes have stricter review standards for applicants, or they may control the number of cards issued in order to optimize risks; on the other hand, the application may be rejected due to problems such as the applicant's own conditions not meeting the bank's requirements, poor credit record, etc. Refuse. The details are as follows:

1. The age of the applicant does not meet the requirements: Credit card applicants must be Chinese citizens who are over 18 years old and have full capacity for civil conduct.

2. The applicant’s work and income situation does not match: The applicant must have a stable job and a legal source of income. Having a job and income can ensure that the applicant can pay off the credit card account.

3. The applicant's personal credit does not match: The bank will review the applicant's personal credit report. If there is a stain on the personal credit report, the bank will not approve the application.

4. The applicant cannot be contacted: The bank will contact the applicant multiple times during the review period to verify the personal situation. If the mobile phone number or address reserved by the bank is incorrect, the bank cannot contact the applicant. Applicant, the bank will not approve the credit card application.

5. Health reasons of the applicant: If there is a health problem with the application, the bank will conduct risk control on the applicant during the review and consider whether to give the applicant a credit card.

6. Applicant’s asset issues: If the credit card you are applying for is of a higher level, the bank will ask you to provide corresponding asset certificates, such as real estate certificates, car driving licenses, stock securities, bank deposit receipts, and wages. Just wait, if the personal assets applied for do not meet the threshold conditions for applying for a credit card, the bank will not approve it.

7. Frequently submit applications: Applicants frequently apply for credit cards from the same bank, submit application forms multiple times or cancel submissions multiple times, which is also the reason for insufficient credit card applications.

Why are my credit card applications always rejected?

If you apply for a China Merchants Bank credit card, the common reasons for rejection are as follows:

1. Credit card review requires a comprehensive assessment by China Merchants Bank, with many reference factors, such as age, work, income, education, and financial resources. Proof, as well as your card usage and credit status in other banks, etc.;

2. Some cards are only available for exclusive identities or specific areas (such as students applying for non-campus credit cards), and some are jointly issued with partners. The original membership number of the card must be provided, otherwise the application will be affected;

3. The supplementary card application must be related to parents, spouses, and children. Some supplementary cards need to correspond to the main card, otherwise the application will fail.

Warm reminder

If the review fails, you will receive a text message notification. If your work or financial information has changed, it is recommended to resubmit the information application after 3 months.

(Response time: April 28, 2020. For the latest business changes, please refer to the official website of China Merchants Bank.)

These are the reasons for failure of credit card application

So-and-so next door has applied for a credit card. Why is my credit card application always rejected? I believe many cardholders have encountered this experience and hope to do something to change this kind of rejection when applying for a card. rejection status. 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 gender, age, income, etc. of the applicant. 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.

Why do I always fail to apply for a credit card? Here are the reasons

Many people want to apply for a credit card for daily expenses, but their application is always rejected every time. It seems easy for others to apply for a credit card. Why is this? In fact, there are many reasons why a credit card application is not approved, including the applicant’s credit conditions and some external factors.

Why do I always fail to apply for a credit card?

1. Overdue

You can generally see the repayment status of loans and existing credit cards from the credit report, although some may only be overdue once or twice, which will affect the For subsequent credit card applications, especially if the number of overdue applications in the past 2 years has reached three to six, it is best not to apply, pay off the overdue balance, and wait until the bad credit is eliminated in 5 years before applying again.

2. Multi-party credit

Generally refers to the issuance of credit cards by more than 3 banks, or loans from more than 2 institutions. This will make the bank think that the applicant's funds are relatively tight, so the application Credit cards have the risk of using the card to support the card and using the card to support the loan. Even if they are not overdue currently, the potential risk of overdue is high, which will directly put them on the gray list.

3. High debt ratio

The loan limit and credit card used limit shown on the credit report are all personal liabilities. The bank will count the total liabilities and then follow the formula: Personal Debt ratio = total liabilities/total income 100% to calculate the debt ratio. If a personal debt ratio exceeds 70%, all banks will basically reject the card; if it exceeds 60%, there is a higher chance of rejecting the card.

4. Fraudulent information

There are many intermediaries on the market now, claiming to be able to package information for you and improve the success rate of card application. Be careful when doing this. After all, the bank system will analyze the authenticity of the information you submit through big data. If you are found to be fraudulent, you may be blacklisted by the bank.

In addition, failure to apply for a credit card is also related to the card level and bank threshold. In short, just apply according to your own conditions and needs.

This is the introduction to the issue of credit card applications that always fail.