Credit card approval has been rejected, indicating that the applicant does not meet the requirements of the approving bank for credit card processing.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

Extended information:

5 reasons for rejection of credit card application:

1. Unclear personal credit report

Poor credit record It is normal for those who apply for a card to be rejected. Rong360 recommends that cardholders check their credit report. If they find a bad credit record, they should apply again after 12 months or 24 months, because banks generally will check your credit record in the last 24 months when reviewing information.

2. The basic conditions are not up to standard

The basic conditions for applying for a credit card are as follows:

1) Aged between 18 and 65 years old;

On this basis, different banks have different credit card application conditions. Therefore, take the time to understand the requirements before applying for a credit card. For example: China Merchants Bank Young Card and Bank of Communications Y-power Card require applicants to be under 30 years old.

3. There are problems with the application materials

On the one hand, applying for a credit card requires the preparation of complete information, ranging from basic personal information to proof of financial resources. If the applicant provides detailed application information and it can be effectively verified, the possibility of credit card approval will be greatly increased.

On the other hand, filling out the application form is also a technical job. For example, the recommender, company phone number, and card sending address in the application form are all bonus points for applying for a credit card, so don’t ignore them easily!

4. Low average overall credit score

When applying for a credit card, the bank’s credit card center will conduct a comprehensive score on the individual based on the cardholder’s application form, qualification documents, and credit history. A score that is too low will directly result in the card application being rejected. Because qualification documents and credit records are fair and objective and cannot be changed. So if you want to get extra points, you might as well put more effort into your application materials.

5. Frequently apply for credit cards

When the bank approves the credit card applicant's information, it will query the applicant's credit report. Therefore, a record of the bank's credit report will be left. If an applicant applies for credit cards intensively in a short period of time, the bank may easily suspect him of being a high-risk customer, which may lead to his card application being rejected.

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