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How are credit cards rated?

What does the Agricultural Bank of China credit card comprehensive score refer to? Every time you raise the limit, the comprehensive score is insufficient

The comprehensive score of Agricultural Bank of China's credit card is the bank's evaluation of your comprehensive credit using a fixed scoring system based on the information provided by you. The factors that affect the comprehensive score are: Many factors include marital status, technical title, job, financial ability, personal housing, credit record, academic qualifications, etc. The sum of all scores is the so-called "comprehensive score".

If the nature of the work unit is a public institution/government agency, it is worth 3 points, then some occupations with unstable income may only have 1 point; those who are married may be worth 2 points, and those who are unmarried may be worth 1 point.

So, when you submit the information to the bank when applying for a credit card, the bank will give an evaluation of your information, and this evaluation is the "comprehensive score." The reason why many cardholders are rejected when applying for a credit card is because of insufficient “comprehensive score”.

Five reasons why the Agricultural Bank of China credit card application is not approved

Does not meet the card issuance conditions

Many users do not carefully read the application conditions when applying for a card. Many credit cards have application conditions, such as student cards, membership cards, or age restrictions. These problems will directly lead to the rejection of the card application.

2. Few application materials

Card applicants must pay attention to the authenticity and completeness of the application materials, which is an important basis for the bank to approve the card. This information is especially important when applying for a credit card for the first time.

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 small.

3. Have a bad credit record

After receiving a credit card application, the bank will check the applicant's credit record through the credit reporting platform. If you have a good credit history, you are more likely to be approved for a credit card.

4. Bank scores are not up to standard

Banks use a scoring system to automatically score users. Cards can only be approved if they reach the score line set by the bank. If the score is not reached, the card will be rejected. The notice "Card issuance refused due to insufficient comprehensive score" received by the user refers to this score.

5. Encounter rogue intermediaries

When applying, try to choose a formal bank institution. Intermediaries that collect money to apply for cards and some roadside card application points are often used to defraud money and user information, and Card cannot be approved.

What is the overall score of a credit card? Why is the overall score when applying for a credit card insufficient?

The so-called comprehensive score when applying for a credit card refers to the things you fill in when filling out the application form: nature of the unit, education, housing status, annual salary, marital status, number of dependents, etc. The bank has a computer score system, after the reviewer enters your information into the computer, the computer automatically calculates points based on the above situation. For example: if the doctorate degree is three points, then the graduate degree is two points, and the undergraduate degree is one point; another example: married is one point, and unmarried is zero points. If you are married and have 1 dependent, one point will be added to the final score given by the computer, and then the bank has a standard, such as:

From zero to 50 points, rejection is recommended;

If the score is above 50 points, it is recommended to be approved for a regular card;

For a score of 80 or above, it is recommended to be approved for a gold card.

The above is just an example, and banks do not implement this standard. Moreover, the scoring standards of each bank are different. It is possible for an applicant to encounter an insufficient comprehensive score in a certain bank, apply for a credit card from another bank with the same information, and get a gold card. In addition, some bank card approval rights are vested in the head office, while others are in local branches. Local policies make the overall credit card scoring details unpredictable.

So, is the score given by the computer the comprehensive score when applying for a credit card? Does an insufficient overall score mean that this score is not enough? Not really. With your ID card number, the bank will check your social security situation to estimate your salary status; it will also check your credit report with the People's Bank of China; in addition to filling out the credit card application form, you may also submit real estate and professional qualifications These banks will check for proof of financial resources and personal abilities such as certificates. If the conditions found to be inconsistent will result in the card being rejected. Although the above has nothing to do with the overall score, there is only one reason you get in the end, the personal overall score is insufficient.

There are also some special circumstances, such as if you have not received a credit reference call several times, it may also lead to rejection.

Why don't you ask customer service again? The answer from customer service will not say that your credit report call was not received. Their answer is the same: the overall score is insufficient.

The four major banks revealed the internal scoring standards for credit card limit increases, and those who followed the instructions have had their credit limits increased

In the process of using credit cards, when everyone wants to increase their limit, they are often told that the comprehensive If the score is insufficient, the quota cannot be raised temporarily. So what are the bank's scoring rules? Next, let me analyze it for you.

1. Four aspects of bank credit increase score

1. Credit card swiping habits

Credit cards should maintain diversified consumption. Diversified consumption refers to the use of credit cards. The types of merchants should be diversified, and more than 20% of the credit limit should be used every month. This is a better credit card habit.

2. Suspected of cashing out

Bank credit cards are determined to cash out. If you are found to be cashing out, it is basically impossible to increase the credit limit. We should not use irregular POS machines to swipe cards. The merchants built into irregular machines are problematic and can easily arouse the vigilance of banks. To swipe cards, choose regular merchants for consumption, and do not ruin the way to increase your credit limit by cashing out.

3. Credit status

Credit status is the most basic requirement for a credit increase. If you cannot guarantee timely repayment and are overdue multiple times, you will be classified as a high-risk customer by the bank. Don’t say You cannot raise the limit, and in serious cases, your card may be blocked.

4. Business relationship with the bank

If the bank that handles credit cards handles deposits, purchases of financial products, and other businesses for a long time, the bank will have a deeper understanding of you and provide you with Well, it will be simpler.

2. Internal limit increase preferences of the four major banks

1. Bank of China

Bank of China can achieve curved limit increases by continuously applying for new cards. It is often preferable to increase the credit limit for the second new card you apply for.

2. China Construction Bank

The fixed quota of China Construction Bank is relatively difficult to raise, but the temporary quota of China Construction Bank is easy to raise. We can apply for the temporary quota of China Construction Bank first, and then apply for the temporary quota of China Construction Bank. The temporary quota is converted into a fixed quota.

3. Industrial and Commercial Bank of China

Industrial and Commercial Bank of China can increase its star rating by increasing its star rating. We can purchase ICBC’s step-by-step financial management products and repeat the purchase several times to increase the level. Star rating.

4. Agricultural Bank of China

Agricultural Bank of China mainly judges the limit increase based on turnover, so you only need to swipe more cards and have more turnover to apply for a limit increase.

The above are the scoring rules for credit card limit increases and the scoring preferences of the four major banks. If you follow the above points, I believe it will be helpful to increase the limit.

Do you know how banks evaluate credit card limits?

We all know that successfully applying for a credit card does not mean that everything will be fine. We are also very concerned about the limit of our credit card, but who determines the limit of our credit card?

Comprehensive scoring criteria for credit cards

When we apply for a credit card, the bank will consider all factors such as your own situation, age, occupation, and deposits, and review each item All are given scores and then summarized to form a cumulative credit score. However, each bank's scoring criteria are different.

Computer scoring for credit card applications

First of all, factors such as age, occupation, and savings must be taken into consideration, and each item of the review must be scored, and then summarized to form a cumulative credit score. If two people apply for a credit card from a bank at the same time, neither of them has real estate, the same work unit, similar assets, and very similar salaries. After receiving the card, they find that one has a limit of several thousand yuan, while the other has a limit of tens of thousands of yuan. That's why it's rated.

How is the credit card limit approved? How is the amount defined? Is this the same question we all have?

Personal credit level is mainly an individual’s accumulated credit score. The bank will have a comprehensive score for each person's credit. This system is quite complex. In fact, the final assessment is just a computer.

When we apply for a credit card, the bank will give a score to each item in the review based on your own situation, age, occupation, savings and other comprehensive factors, and then summarize it to form a credit accumulation point. If your points do not meet the standards required by the bank, you will be rejected and your card application fails. However, each bank's scoring criteria is different.

We can find the answer from this standard.

Why don’t banks publish scoring standards?

Because if the scoring standards are released, some people will be opportunistic and will forge some certificates according to this standard to apply for large credit cards. In this way, it will be difficult for banks to grasp the true information of card applicants. Therefore, , the bank’s scoring system is confidential and cannot be released to the public at will.

The accumulated credit points are generally set by the bank itself. There is an audit standard to score the card applicant's situation. Therefore, banks will use their own set of methods to decide whether to grant credit or how much credit limit to grant to applicants. This means that if one bank rejects your application, you should quickly apply for a credit card from the bank that executes it. For example, one bank may value your industry more, while another bank may value your education more. In addition, some banks, whose credit card business has just started, may use large-value credit cards as a way to attract customers in order to increase business volume, while other banks that are better at credit card business will review credit card applications more rigorously. .

Let’s take a look at the following picture and you will know the importance of credit scores

Personal housing: If you own a personal housing and can provide a real estate certificate, it means you have a certain financial foundation. , you can get extra points.

Financial ability: Customers who can provide detailed proof of personal income, stable income, and a greater possibility of income growth will receive higher ratings.

Work situation: Those who work in an industry with relatively high stability can get extra points. For example, employees of state-owned enterprises, teachers, doctors and employees of some outstanding companies, the fashion industry and the news media industry have relatively high spending power, and their ratings will be very high.

In addition, workers in the catering and entertainment industry are less likely to receive high ratings.

Marital status: Married and happy customers are more stable and preferred by banks than single customers. In the bank's review system, when other conditions are the same, married people have a higher credit score than unmarried people.

Education level: The credit rating of customers with high school education and college education will not change, but the credit rating of customers with graduate degree or above will be relatively higher.

Technical title: This is an affirmation of the customer's work ability. Relatively speaking, card applicants with professional titles such as engineers, accountants, teachers, etc. are more popular with banks and will be given credit. Bonus points.

Credit record: If the borrower has an original account with a bank and has frequent fund flows, its passbook will reflect the accumulation of past deposits. The bank will also consider giving appropriate bonus points to customers who have supported the development of the bank.

In short, the higher the rating, the higher the credit card limit and the more money you can use. When applying for a credit card, it is best to have a fixed deposit in the bank. For example, if you want to apply for a credit card today, then you should make a fixed deposit a week in advance. It will only take about a month, and then cancel the deposit after the card is approved.

That’s it for today’s sharing. I believe you all have some understanding of the bank’s review status and how our own credit card limits are determined.

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This is the end of the introduction about how credit cards are scored and what is the overall score to be able to get a credit card? Have you found the information you need?