After applying for a credit card and passing the preliminary review, users still need to go to the counter for an interview. However, after the interview is completed, they fail to pass the final review and are often rejected by the credit card application platform. However, will the credit card be rejected in the final review? An inventory of the reasons for rejection in the final review!
As we all know, credit card review is divided into multiple stages. First, the preliminary review is used to verify the authenticity of the information submitted by the applicant and whether it meets the credit card application conditions; then the applicant's credit report is checked for final review. , if the application is rejected in the final review, it may be due to the following reasons:
1. Bad personal credit. Generally, banks will check the user's credit status in the past two years, especially if there is an overdue credit within six months or the credit report is too expensive. These are considered bad credit, which will lead to the final review being rejected. Therefore, before applying for a card, users must ensure that their personal credit is good to avoid any violations.
2. The debt ratio is too high. The criminal record of any credit product listed on the credit report will reflect the debt ratio of the cardholder. If the debt is too high, the repayment ability will be weak, and overdue bad debts may occur at any time when the card is approved. In order to avoid risks, banks will not approve cards for such users. Therefore, users must find ways to pay off the debts in their names and reduce their personal debt ratio, so that they can successfully apply for a card.
3. Long-term credit granting. If there are loan records from multiple financial institutions or credit card records from multiple banks on the credit report, they are considered multi-credit. The behavior of long-term credit extension will cause the user's accumulated credit limit to be too high, and it is easy for excessive overdraft consumption, leading to overdue and other undesirable situations. At this time, in order to avoid overdue situations, the bank will also refuse to approve the credit card.
In addition, incomplete information of the applicant, frequent card applications in a short period of time, etc. will also lead to the final rejection of the credit card, which will not be introduced in detail here. It should be noted that if the credit card is rejected in the final review, it is best to apply again after 6 months. Otherwise, if you apply again immediately after being rejected, you may also be rejected.