Why can't I apply for a credit card when the credit is not overdue?
Too much debt and too many credit cards (generally speaking, 5 is a threshold, and most people are not allowed to have more than 5 credit cards).
Excessive credit card usage: For example, if you have three credit cards, each with a quota of 20,000, and basically swipe three cards every month, your credit card usage rate will be as high as 95%- 100%, with little short-term impact. Once a credit card is empty for a long time, it will easily lead to difficulties in handling it.
Too many credit inquiries: the bank will automatically screen when you apply for a credit card. If you make too many credit inquiries in the past month or two (loans, credit cards and other institutions apply for inquiries), the bank will think that you are short of money in the near future and have a high risk of issuing cards, and will refuse to approve. Some friends are afraid that one application will not pass, and they will apply for credit cards from several banks at the same time, which will lead to too many credit inquiries. If the last one is not approved, the credit will be spent.
Job instability: this is also a point that is often easily overlooked. Some cardholders have just graduated from work and applied for credit cards. A month later, their work was not satisfactory. A few months later, they applied for a credit card with their new job. In this way, the work unit reflected in your credit report has changed several times in a short period of time, and the bank will think that your work has changed greatly and is unstable, and refuse to approve it.
There are overdue records for credit investigation: if there are records that are currently overdue or overdue for more than 3 months, the approval is basically difficult to pass; If it is overdue for more than 6 months, it will be listed as bad debts by banks, and it is basically impossible to apply for any bank.
What if I can't apply for a credit card before the credit is overdue?
Some cardholders have neither overdue repayment nor normal use of credit cards every month, but they have been unable to apply for new credit cards, and the number of credit cards already used has also decreased or even stopped. Bian Xiao believes that at this time, we should pay attention to whether there are debt disputes between individuals, whether the company under our name owes bank loans, and whether it is included in the list of untrustworthy people by the court, which will also lead to the indirect impact of personal credit reporting. For the use of credit cards, banks will conduct a comprehensive personal assessment. The use of credit cards is only one aspect, and the internal credit report of banks should also be considered.
These are the reasons why you can't apply for a credit card after the deadline. You can be sure whether these reasons are caused.