Credit records will be kept for 24 months. When applying for a credit card, the bank will check the credit record. If the application fails after applying to multiple banks, it is recommended to wait two years before applying again. If it is a bad credit record (overdue, malicious overdraft, etc.), it will be kept for five years after the debt is paid off, and will be automatically cleared after five years.

Credit card application records will be retained in the bank’s credit reporting system. Every time a customer applies for a credit card, the bank will check the customer's credit record to see if there is any bad credit. Such an operation will leave traces in the credit system. Therefore, if a customer frequently applies for credit cards and multiple banks frequently check the customer's credit report on the credit reporting system, the bank will think that there is a problem with the customer's creditworthiness and refuse to approve the customer's credit card. If rejected, the average customer's idea is to change to another company and continue to apply. If the application is still unsuccessful with the second company, although it will not leave a stain on the customer's credit report, it will affect the bank's judgment of the customer's integrity.

Although there is no limit on the number of credit card applications, applying for too many credit cards in a short period of time can easily make the bank doubt your purpose of applying for a card. Banks will not recognize malicious card applications. If the credit card application is rejected, it is more serious. The bank will wonder why other banks rejected it, so it is easy to reject it.

Keep your credit record well