1. What is the impact after the credit card application is rejected?
Because every application will leave a record on the credit report, and the bank will also check the personal credit report. If you apply more, the credit report will be spent, so if you apply for a credit card or loan in the future, the success rate will be greatly reduced. Personal credit report consists of three parts: personal credit record, public record and inquiry record. If your credit card records are frequent and you apply for a loan later, the bank will think that you have been short of money and worry about your repayment ability. The application for a credit card was rejected, and the application was rejected many times. Although it will not directly affect your personal credit and will not cause overdue records, it can reflect from the side that your personal economy is not enough and your reputation will be affected, especially the credit records in the last three months are the most important.
2. What are the reasons for the rejection of the credit card application?
1. The applicant's credit status is poor.
Generally speaking, the comprehensive credit score of cardholders is low, but it can also be divided into many aspects. For example, the credit record is unqualified, and it has been overdue for many times in the past two years. Credit cards are always issued after half a year, resulting in too many credit records; There is also insufficient repayment ability, low income of cardholders, high debt ratio and overdue risk every day; In addition, there is over-packaging, which cannot pass the audit.
2. The impact of banking policies.
The credit card risk index of many credit card application platforms is rising, and the bad debt rate is rising. In this regard, the supervision has repeatedly stressed that banks must strengthen marketing and credit management and strengthen risk source control. Therefore, banks began to tighten risk control and raise the threshold of credit cards, and credit card approval was stricter than before. Therefore, the existing qualifications were easy to succeed in the past, but now they are rejected.
3. How long can I reapply after my credit card is rejected?
At least three months. If the applicant is not in a hurry, it will take at least 3 months, preferably about 6 months to apply. Don't apply repeatedly in a short time, and try not to change banks immediately, because when applying for a credit card from a bank, the bank will leave traces in the personal credit information system. When a bank sees many applications in a short period of time, it will think that the applicants are in urgent need of money, with high credit risk and easy rejection. Before re-issuing the card, check the personal credit report at the Personal Credit Information Center of the People's Bank of China to find out the personal credit situation. If there are overdue or bad records, deal with them as soon as possible. Some bank credit card activation needs to go to the business outlets for face-to-face signing. If the applicant's application bank has no local outlets or fewer outlets, it is more likely to be rejected. Because, in the process of auditing, banks need to consider whether the applicant has a local branch of the bank, which involves the maintenance cost in the subsequent process of using the card. Of course, it will be easier to apply for a card if there are many local branches of the bank.
legal ground
Measures for the supervision and administration of credit card business of commercial banks Article 41 The issuing bank shall conduct a credit investigation on the credit card applicant, fully verify and completely record the applicant's effective identity, financial status, consumption and credit records, and confirm that the applicant has a fixed job, a stable income source or a reliable repayment guarantee.