Why did China Minsheng Bank’s credit card reject me immediately

Credit card review requires a comprehensive assessment by our bank, with many main reference factors, such as age, work, income, education, etc., and will also be considered Your card holding and use status in other banks or credit status in other institutions, etc. The review department of our bank will conduct a comprehensive score on all aspects of each applicant. Cards will not be issued to those with insufficient scores. Since the information submitted through online channels is limited, it is recommended that you try to submit more financial information through the marketing center, which will be more conducive to the issuance of the card. If your application is not approved this time, it is recommended that you provide the information again and try to apply again after 3 months.

Is it easy to apply for Minsheng Bank credit card online? Why was mine rejected instantly

It is relatively easy to apply for Minsheng Credit Card online, but you need to meet the application conditions. Those who do not meet the application requirements will be rejected. There are many main reference factors, such as age, job, income, education, etc. The applicant's card holding and use in other banks or credit status in other institutions will also be referenced.

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. The creditworthiness of the applying unit must be evaluated, and the relevant circumstances of the guarantor must also be reviewed for individuals.

The credit card review department of China Minsheng Bank will conduct a comprehensive score on all aspects of each applicant. Cards will not be issued to those with insufficient scores. Only those who meet the scoring criteria will receive a legitimate credit card.

The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

Reasons for credit card rejection

1. The application conditions are not met. To apply for a credit card, you need to meet basic card application conditions, such as being between 18 and 60 years old, and having a stable job and income. There are also some special card types with other requirements. If the application conditions are not met, the application will be directly rejected without any room for negotiation.

2. The information filled in is incomplete or wrong. Whether you apply for a card at a bank branch or online, you need to fill out a card application form. Applicants need to fill in the above information carefully. The bank will evaluate the applicant's qualifications based on the basic information filled in. If the information filled in is incomplete or inaccurate, the bank has the right to reject it for a moment. So when applying for a credit card, don’t be confused about this.

3. Personal debt is too high. When applying for a credit card, a credit report will be checked. If you currently have a housing loan, car loan, credit card overdraft investment, etc., if the overall debt ratio is too high, especially more than 50%, the bank will think that the applicant does not have the ability to repay the loan. Basically, It's cool.

4. There are many overdue credit reports. Three or six in a row is a serious overdue situation. No matter which bank you apply for a credit card from, you will be rejected. The bank will consider the risk of applying for the card and will directly reject those who are overdue for too many times. Too many inquiries will also lead to the rejection of the credit card. .

5. Apply for a card in another place. Applying for a credit card usually requires a card-issuing branch in the locality. However, there are often cardholders who do not have a bank branch where they live or work. They will choose a nearby city to apply for a card. If the bank finds out, the card may be rejected. Even if the initial review is passed, the card may not be accepted. I can't pass the test of signing in a different place.

6. The credit report has online loan records. Online loan records can be said to be credit killers. Once there are online loan records on your credit report, the approval rate for your credit card application will be much lower. Especially for people who don’t have a credit card, even if there is only one online loan record in your credit report, your loan may be rejected instantly. On the contrary, people who have credit cards will have a higher success rate in applying for online loans. Therefore, when you encounter financial needs, do not apply for an online loan at the first time. Applying for a credit card first is the best choice.

7. Apply frequently in a short period of time. If you apply for loans or credit cards frequently in a short period of time, the bank will feel that the applicant is very short of money during this period, and will be classified as a risky user and rejected instantly. It is generally recommended not to apply more than 4 times a month.

8. Entered the black/grey list. If your credit card application is rejected immediately, it may also be because you have entered the bank's black/grey list. Many people have only heard of blacklists, and the impact of graylists is second only to blacklists.

Immediate rejection means that it does not even pass the bank's credit card entry standards, but there may be manual review later, but this is rare.

This is the end of the introduction about why Minsheng Credit Card was rejected immediately and Minsheng Bank Credit Card was reluctant to give up. I wonder if you found the information you need?