The bank does not approve the applicant’s application.

Customer service staff at credit card centers of many banks said that whether a bank approves a credit card will mainly take into account the applicant’s credit status, repayment ability, personal assets, etc., and will also be based on the bank’s current year Consider the number of cards issued, remaining credit limit, credit balance payable, credit card non-performing rate, etc.

According to industry insiders, during the information verification process, there have been cases where the contact person did not know or was unwilling to be a contact person, the applicant's relatives with registered residence in another place could not be contacted, and the approved card type and limit did not meet the applicant's requirements. The applicant refuses to accept the request, the applicant's place of work and residence is not in the bank's branch city, the applicant does not meet the requirements for collective card application, etc. These may be the reasons why the bank refuses to approve the card.

In the process of bank credit card approval, after checking basic factors such as whether there are overdue records in the past, personal work and income level, there is another very important step, which is to check the information with the applicant himself over the phone. Many problems will also arise in this link.

Extended information:

Some regulators also proposed again this year that banks should further strictly check the purpose and use of loans, especially for housing-related transactions that are strictly controlled this year, and be vigilant. Borrowers may use multiple credit cards to cash out for their mortgage down payment.

In mid-October 2017, a joint-stock bank issued an announcement stating that it would conduct risk management and control on the bank’s credit card real estate-related transactions. When conducting transactions with domestic real estate merchants, the RMB transaction amount in a single month shall not exceed 3. Ten thousand yuan, the total annual amount cannot exceed 100,000 yuan, and real estate transactions are not allowed overseas.

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