Do you need to check your credit score when applying for a credit card?
Do you need to check your credit score when applying for a credit card?
Credit cards are the same as loans. No matter how many times you have applied for it, you must check your credit for new business. This is a rule and procedure.
Banks generally base their decision on your academic qualifications (the higher, the better), marital status (already married, better), the nature of your workplace (state-owned enterprises, large enterprises are better), and income certificate (the higher, the better). , whether you have other bank credit cards (it is best to have a credit card) and your credit report (this is the most important) and other comprehensive checks to conduct the audit and give the limit.
You can fill it in based on these indicators. Of course, the better, the better if it is not too different from the actual situation.
Will you check your credit when applying for a credit card?
Yes
Requirements for applying for a credit card:
Be 18 years or older;
My second-generation ID card is required;
Proof of employment and income stamped with the financial seal of the unit;
No bad credit record;
Other proof of financial resources, such as real estate, cars, stocks, bonds, etc.
Credit card application process:
Fill in the application form;
Give the bank’s personal information and photocopy of the information;
Send it to the bank To the credit card center;
The credit card center will audit, print and issue the card;
After I get the card, I will open it and wait for the password letter.
Is it necessary to obtain a credit report to apply for a credit card?
If you meet the application conditions for a China Merchants Bank credit card, you can try to apply. The most important requirements for applying for a China Merchants Bank credit card are that you are between 18 and 60 years old (25 to 60 years old for foreigners), have certain financial capabilities and have a good credit record. The credit card application result shall be subject to our bank's actual audit. The necessary application files are a copy of your identity certificate and employment certificate. If you can provide other financial proof files, it will be more helpful for us to understand your personal situation and determine your credit limit.
If you are interested in a CMB credit card and have never held a credit card from our bank, you can apply in the following 4 ways:
1. Please log in to the credit card website and select "Apply" "Credit Card" - "New Customer Application";
2. Please bring your original identity certificate, employment certificate and financial certificate files and go to any branch of China Merchants Bank to apply in person;
3. You can also call the customer service hotline, select "3#" in the voice message to apply for credit card consultation, and then select "1" to transfer the service specialist to register for you and notify our local staff to contact you to confirm the application.
4. If you have applied for the professional version of our bank’s online banking, you can apply through the professional version.
Remind you that the credit card status will be subject to the final audit result.
Do I need to check the credit report when renewing a credit card?
When the credit card expires and is renewed, the card issuer will check the cardholder's credit record and card usage record. If the bank's rating is not enough, the card issuing bank will automatically stop issuing new cards.
Do you need to check your credit score to apply for a credit card?
Hello, the credit card application is comprehensively assessed through the system, and many factors are taken into consideration, such as work, income, stability, etc. Personal credit and other aspects of the situation are not determined by unilateral factors.
The basic functions of credit cards are the same, including card consumption, online payment at home and abroad, cash advance, installment payment, credit card points, accumulated credit, interest-free period of up to 50 days, etc., for different purposes. Credit cards will launch different offers and promotions from time to time. Due to different personal preferences, it is recommended that you choose according to your own preferences. If you need to know the detailed information of the credit cards currently launched by China Merchants Bank, please log in to the credit card website and click " Credit Card Application", select the card inquiry you are interested in.
Do you need to check your credit score for a credit card loan?
If it is not currently overdue or has recently been overdue, the impact will not be great. General bank requirements for credit reporting: it cannot be overdue currently, cannot be overdue twice within half a year, cannot be overdue three times in a row within two years, and has failed to repay on time six times in total.
The conditions for applying for a mortgage to buy a house are as follows:
1. Natural person aged 18-65 years old;
2. Have a valid ID card;
3. Good credit and no bad records;
4. Have a stable career and stable income;
5. Have a commercial housing sales contract or Letter of intent;
6. Ability to pay the down payment for the house purchased;
7. Open a personal settlement account in the bank and have a valid guarantee;
8. Other conditions specified by the bank.
Do I need to go to the bank to get a credit report to apply for a credit card? Do I need to check a credit report to activate a credit card?
No. When you apply for a credit card, the bank has already checked your credit report. If there is any problem with your credit report, the bank will not approve the card for you.
Does credit card verification require a credit check?
Authentication is not possible, application is required
Do I need to check my credit report when applying for a credit card?
When applying for a credit card, the bank will definitely check my credit report during the application process .
Because credit cards are generally issued by regular banks, and regular banks are definitely related to the central credit system, so when everyone applies for a credit card, the bank first goes through the application review process. will check the applicant's credit record. If the credit record is good and the applicant has the corresponding repayment ability, the success rate of applying for a credit card will be higher. Of course, if there are overdue and illegal operations in the credit record, but the circumstances are not very serious, and you submit proof of your ability to repay during the process of applying for a credit card, you can also apply for a credit card. If your credit record is very poor, then the possibility of applying for a credit card is very low.
Different banks and different credit card types have slightly different application conditions. However, no matter when applying for a credit card at any bank, users need to meet the following conditions:
1. Age requirement Be over 18 years old and be a legal citizen of my country with an ID card.
2. There is no bad credit record and the personal credit situation is good.
3. Have a stable job and financial resources, and the bank recognizes the user's repayment ability.
Generally, users who meet the above three points can basically successfully apply for their own credit card. If the user wants to obtain a higher credit card limit, they can also provide some proof of their income when applying for a credit card. Real estate certificate, etc., to prove your repayment ability and increase the credit limit for credit card approval.
As we said above, when banks review credit card users, they will look at whether they have a stable income. This makes many college student users very distressed. Does this also mean that college students cannot apply? Credit card?
It is difficult for college students to apply for a credit card, but this does not mean that college students cannot apply for a credit card. College students can apply for a credit card in the following two ways: 1. Apply for a college student co-branded card: There are also many banks that specialize in College student users have launched college student credit cards, but generally the limit of this type of credit card is not high, and may even be 0. Users can apply for it after consulting with the bank. 2. Apply for an additional credit card: General credit cards can apply for additional cards, so college students can apply for an additional card for their parents' credit card to use, use the credit line with their parents, and their parents will repay the money after consumption.
What do banks mainly examine when applying for a credit card?
First of all, look at the basic information of the applicant you filled in, that is, the ones you filled in offline or online. Some of this basic information will be clicked out as soon as it comes up in the card center's automatic system or manual review, such as special industries, special positions and even special regions. This specific review condition cannot be disclosed to the outside world, otherwise it will cause malicious applications and cause unnecessary trouble to the card center.
If the basic information is OK, then enter the credit report review stage. The card center will apply to the central bank for access to your credit report. The credit report will truly record your basic information, social security information and personal credit records (such as car loan and house loan status, credit card usage, and the frequency of credit report access by various institutions). . This is the stage of greatest scrutiny. The information on your credit report is also increasing year by year. It is recommended that you check your personal credit report every two or three years to prevent surprises.
So, what credit report records will be rejected?
Situation 1: If a person applies for a card from more than 10 banks within 2 days, and these 10 banks all check the applicant's credit report, this will be left in the credit report Record, under normal circumstances, this is a high-risk group, and most card centers will reject it directly.
Scenario 2: If the credit report is bad, you will be eliminated directly.
Scenario 3: The applicant’s personal credit record is 0 (has never had a relationship with the bank. Note that basic personal information, social security information and other information are still available on the credit report. All of this information in the credit report is (more credible than similar information filled in forms). In addition to the basic information of the applicant, this also depends on the specific application time (the card center has different entry policies at different times), which bank to apply for, and what card to apply for. Different factors will cause The results are different.
The final third stage is phone verification. Generally, card center staff first dial the landline number and randomly dial other extension numbers to ask colleagues if they have this person. You may also contact the applicant directly, or the applicant’s family, etc. The card center staff will chat with the person who receives the call some specific questions based on the information filled in the form to verify whether it is true. The last two stages added together are called credit reporting.
Generally speaking, banks are not allowed to disclose the credit information of credit card applicants, otherwise they may suffer from targeted disguised card application and increase unnecessary trouble at the card center. Moreover, the card center’s rejection policies and algorithms are also advancing with the times.
What can be found when applying for a credit card? A brief introduction in this article
When applying for a credit card, many people only know that the bank will check the credit report when approving the card, but they do not know what they can check from the credit report and whether it will affect the credit card approval. The following is Let’s give a brief introduction.
What can be found by checking a credit report?
1. Query record
The query record will display the query date, queryer and query reason. As for hard query records such as credit card approval, loan approval, and guarantee qualification review, the number of times should not be too many, otherwise it will affect credit card approval.
2. Asset-liability ratio
It is also commonly referred to as the debt ratio. It can clearly reflect the personal assets and liabilities in the credit report. If the debt is too high, it will have a negative impact on credit card applications. Generally speaking, if the asset-liability ratio exceeds 50% of household income, the debt may be considered too high.
3. The work unit
must be consistent with the work certificate; if there is any inconsistency, there must be a reasonable and verifiable reason. The work unit usually obtains it from credit card application information or social security provident fund payment information, with social security taking priority. If you have changed jobs more than twice within six months, it means that the applicant is not very stable, which will also affect credit card approval.
4. Spouse information
Generally, the spouse’s name, identity number, and mobile phone number can be found, but the spouse’s personal credit report and liabilities cannot be found. However, there is an exception. That is, both husband and wife can take out the same loan. Having spouse information indicates that the applicant is married, which is a plus in credit card applications.
5. Credit card information
You can check the total number of credit cards under your name, the account opening time of each card, the card issuer, large special installments, total limit, and used Limit, monthly repayment limit, etc., as well as credit card status, such as account cancellation, card cancellation, and inactivation will also be displayed. If more than 3 banks have approved credit cards, it will affect subsequent applications for credit cards from other banks.
6. Loan information
You can check the outstanding loan account, lending institution, loan amount, monthly repayment amount, etc. If you have loan records from multiple institutions and the outstanding loan amount is high, you may be considered to be incapable of repaying the loan, which will affect your credit card approval.
This ends the introduction on what to check when applying for a credit card and what to check when applying for a credit card. Have you found the information you need?