If there are bad debts in my credit report, can I still apply for a credit card from another bank?
If there are bad debts in your credit report, you will definitely not be able to apply for a credit card from another bank, as the bank will definitely reject it.
Bad debts refer to receivables that have passed the payment deadline, cannot be recovered after collection, are in a sluggish state for a long time, and may become bad debts. Bad debts are the result of failure to settle accounts in a timely manner, and also refer to property that cannot be recovered because the other party does not repay it.
There are bad debts in the credit report, which means that a loan has been taken out from the bank and has not been repaid. The loan cannot be recovered after the bank pursues it.
When applying for a credit card, banks first check the credit report. Although personal credit records are kept for 5 years and will be cleared after 5 years, the record of unpaid credit will always exist and will not be erased. That is to say, it will only be cleared 5 years after the loan is paid off.
Tips:
Banks still have the right to collect bad debts. I paid off my bad credit card debt. Can I apply for a credit card from another bank?
If you meet the application conditions for China Merchants Bank credit card, you can try to apply. Please note that credit card verification will be subject to the final audit result.
The most important conditions for applying for a China Merchants Bank credit card are that you are between 18 and 60 years old (25 to 60 years old for foreigners), have certain financial capabilities and have a good credit record. The credit card application result shall be subject to our bank's actual audit. The necessary application files are a copy of your identity certificate and employment certificate. If you can provide other financial proof files, it will be more helpful for us to understand your personal situation and determine your credit limit.
If you are interested in China Merchants Bank credit card and have never held a credit card from our bank, you can apply in the following 4 ways:
1. Please log in to the credit card website and select "Apply" "Credit Card" - "New Customer Application";
2. Please bring your original identity certificate, employment certificate and financial certificate files and go to any branch of China Merchants Bank to apply in person;
3. You can also call the customer service hotline, select "3#" in the voice message to apply for credit card consultation, and then select "1" to transfer the service specialist to register for you and notify our local staff to contact you to confirm the application.
4. If you have applied for the professional version of our bank’s online banking, you can apply through the professional version. I have been issued a lawyer's letter, can I still apply for a credit card from another bank?
It depends on when your bad personal record appeared. If it was 3 years ago, you can apply. If it is within 3 years, I’m sorry that you can’t apply. Personal bad records are generally automatically eliminated after three years. It is recommended that you go to the local Personal Credit Department of the People's Bank of China to check. Can I still apply for a credit card from another bank after it becomes a bad debt?
If it is currently overdue and the overdue period is long, which seriously affects your personal credit record, your application for a new credit card will generally be rejected. Can I still apply for a credit card from another bank if my credit card was bad before?
If you had a bad credit card before, you can no longer apply for a credit card from another bank. If you have a bad credit report, your credit card application will not be approved. You must have a good credit report, provide an ID card, proof of work income, etc. to be successful in the audit. The bank's credit card application regulations are as follows ;
1. Age requirement: between 18 and 65 years old;
2. Income and asset requirements: stable career and income;
3. Credit and ability requirements: good credit and the ability to pay interest on time;
4. Have full capacity for civil conduct;
5. Provide various certificates Original.
If your credit card is blocked by one bank, can you still apply for a credit card from another bank?
If your credit card is blocked by one bank, you cannot apply for a credit card from another bank, and your credit record can be shared online.
① The bad credit record will be recorded in the personal credit report;
② Generally it can be eliminated after five years;
③ In some serious cases, it can be extended to ten years Cleared every year;
④ Particularly serious bad credit records will be retained for life.
The most important conditions for applying for a China Merchants Bank credit card are that you are between 18 and 60 years old (25 to 60 years old for foreigners), have certain financial capabilities and have a good credit record. The credit card application result shall be subject to our bank's actual audit. The necessary application files are a copy of your identity certificate and employment certificate. If you can provide other financial proof files, it will be more helpful for us to understand your personal situation and determine your credit limit. If you are interested in a China Merchants Bank credit card and have never held a credit card from our bank, you can apply in the following four ways: 1. Please log in to the credit card website and select "Apply for Credit Card" - "New Customer Application"; 2. Please bring your Please go to any CMB branch in person to apply for the original identity certificate, work certificate and financial certificate file; 3. You can also call the customer service hotline, select "3#" in the voice to apply for credit card consultation, and then select "1" to transfer The service specialist will register you and notify our local staff to contact you to confirm your application. 4. If you have applied for the professional version of our bank’s online banking, you can apply through the professional version. Please note that credit card verification will be subject to the final audit results. My credit is good. Which other credit cards can I apply for?
Welcome to pay attention to China Merchants Bank’s credit cards. The basic functions of credit cards are the same. You can use credit cards for consumption, online payments at home and abroad, cash advances, installment payments, and credit card points. , accumulated credit, interest-free period of up to 50 days, etc. Different discounts and promotions will be launched from time to time for different credit cards. Since personal preferences are different, it is recommended that you choose according to your own preferences. If you need to understand the current For detailed credit card information launched by China Merchants Bank, please log in to the credit card website, click "Apply for Credit Card" - "Credit Card Family Portrait", and select the card you are interested in to inquire. Do I need to go to the bank for an interview when applying for a credit card for the first time? What if I have a credit card from another bank?
1. If you apply for a credit card for the first time and require an interview, a text message will be sent to the card applicant, notifying the card applicant to go to the branch to confirm the signature, and then wait for the audit results.
2. Credit card application process:
Application:
In most cases, people with full capacity for civil conduct (citizens aged 18 or over in mainland China) ) and have certain direct financial resources, can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.
The items required to apply for a credit card 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.
The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain photocopies and certificates of documents to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate the relevant information, and submits a declaration of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.
Review:
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.
Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation. Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc. The specific factors and processes of card issuer audits 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 pass the audit while others refuse to issue them. .
Card issuance:
After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal. .
Card opening:
Since the card is sent by mail after the credit card application is approved, there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. The card opening process is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card.
After accepting a credit card, a credit card merchant or bank must review the validity of the credit card and the identity of the cardholder.
Identification:
The credit card must have at least the following information:
Front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark , card number, English or Pinyin name, activation date (generally calculated to month), validity date (generally calculated to month), the latest issued card is equipped with a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts.
Back: card magnetic stripe, cardholder signature field (signature required after activation), service hotline number, last four digits of the card number or the entire card number (to prevent fraudulent use), credit card security code (on the credit card On the signature line on the back, there are three digits immediately following the last four digits of the card number, which are used for credit card activation, password management, TV, phone and online transactions, etc.).
Authorization:
The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded.
After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.
Use:
Credit cards are usually only used by the cardholder himself, and lending them to others is generally a violation of the use contract.
Cancellation:
Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted. I have a Bank of Communications credit card, can I apply for one from another bank?
Yes, you can apply as long as they are not from the same bank. I applied for 2 cards and there was no problem. However, if you have too many credit cards, you need to pay attention to the repayment date of each card to avoid incurring late payment fees.