Why are credit card applications always rejected immediately? These reasons are possible

Many people want to apply for a credit card to facilitate their future life, but it is really annoying that they are always rejected every time they apply for a credit card, and they want to know why. In fact, there are far more than one reasons for credit card rejection. You can check the following points to see what the reasons are.

1. The application conditions are not met

To apply for a credit card, you need to meet the basic card application conditions, such as being 18 to 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 incorrect

Whether you apply for a card at a bank branch or online, you need to fill in a card application form. You 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

Credit will be checked when applying for a credit card. If you currently have a housing loan, car loan, credit card overdraft investment, etc., if the overall debt ratio is too high, especially If it exceeds 50%, the bank will think that the applicant does not have the ability to repay the loan, and it will basically be rejected.

4. There are many overdue credit reports

Three or six times in a row are serious overdues. No matter which bank you apply for a credit card, you will be rejected. The bank will consider the risk of applying for the card. Those who are overdue for too many times will be directly rejected. Too many inquiries will also lead to the rejection of the credit card.

5. Applying 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, so they will choose a nearby bank branch. If you apply for a card in a city, you may be rejected if the bank detects it. Even if you pass the preliminary review, you may not be able to pass the off-site visa test.

Why is it rejected as soon as I apply for a credit card?

There are usually three reasons why my application for a credit card is rejected instantly:

1. The information verification fails. Under normal circumstances, when applying for a bank credit card, you will receive verification information. The bank staff will ask the applicant where he lives, whether he has a house, whether he is currently working or a student, etc. At this time, the applicant must answer according to the information filled in during the application. If the applicant hesitates to answer any question, or does not match the information filled in during the application, then the credit card application will basically not be approved.

2. Social security payment failed. If the applicant has never paid employee social security, the chance of applying for a credit card will be greatly reduced, because the bank will think that the applicant does not have a formal job and a stable source of income, and will not approve the application.

3. Credit reporting issues. There are two situations for credit reporting problems: (1) If the applicant’s credit reporting has been read by the borrowing platform many times in a short period of time, or the applicant has applied for many online loans or credit cards in a short period of time, this Sometimes the bank will think that there is a problem with the applicant's capital chain, and the total amount applied by the applicant has exceeded the debt capacity, so the bank will not approve it in order to reduce risks. (2) If the applicant has a bad credit record, or the applicant has committed malicious arbitrage in other banks, the bank will not approve the applicant's credit card application.

1. In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old 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. Applicants for credit cards 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.

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Why is the credit card application rejected immediately

1. The conditions are not met

Credit card applications have certain requirements, including age requirements, income requirements, etc. If the applicant does not meet the conditions for applying for a credit card, the credit card application will be rejected.

2. Poor credit report

The credit card itself is based on the credit report as the basis for review. If the applicant’s credit report has bad records such as overdue credit and has not restored a good credit report, Then applying for a credit card will only be rejected.

Under normal circumstances, the main reasons for being rejected immediately when applying for a credit card are the above reasons. In addition, if the applicant's personal debt is too high, it will also affect the credit card application, but if the debt is not particularly high, it will not cause the credit card application to be rejected instantly.

Hard conditions for applying for a credit card:

1. Be 18 years or older and have full capacity for civil conduct

2. Have a stable source of income

< p> Have a stable source of income. Applicants are usually required to have a fixed job, so as to ensure a source of repayment every month and avoid being unable to repay after swiping the card.

Of course, if the applicant, in addition to a stable job, can also provide proof of ongoing social security, proof of income, or fixed assets such as a house and a car, then the chance of his application for a credit card being approved will be bigger. Because there is a certain amount of proof of assets, it means that the applicant has sufficient repayment ability, and the bank will feel more confident in issuing a credit card to you.

3. Good credit report

What is "good credit report"? Including on-time repayment, no overdue records, etc. When you submit an application to the bank, the bank will first check your personal credit report. The bank mainly checks your credit card usage/repayment information and loan information, as well as tax arrears records, civil judgment records, enforcement records, administrative penalty records, and telecommunications arrears records. A credit report without "stains" will make banks trust you more.

Tips for applying for a credit card

1. Choose the right bank to apply for a credit card

Choose the right bank and apply for a credit card that meets your actual needs and suits you. Since each bank has different features, each credit card has its own merits. When applying for a card, you can choose the bank that suits you based on your actual needs. Generally speaking, it is easier to apply for credit cards from commercial banks than from state-owned banks. This is because banks compete with each other. Commercial banks are still in the stage of establishing the market and are more willing to issue credit cards to applicants with good conditions; and credit cards from commercial banks There are many promotional activities, such as gifts for applying for a card, etc., encouraging qualified people to apply. It is recommended to apply for credit cards from Bank of Communications, CITIC, Guangfa, China Merchants Bank, Industrial Bank, China Everbright, Shanghai Pudong Development Bank, Citigroup and other banks.

2. Choose a card type that is easy to apply for.

Different credit card types have different levels of difficulty in applying. For example, general cards and gold cards are easier to apply for than platinum cards. When applying, general standard cards are easier to apply for than special cards. Co-branded cards and theme cards in bank promotions are easier to apply for than non-promotional cards.

It is recommended that when applying for a credit card, you choose a card with a relatively low card level and one that is on promotion at the bank.

3. Deposit a fixed amount in the bank or purchase the bank’s financial products

Strive to become a high-quality customer of the bank. A time deposit certificate of more than 50,000 yuan will give the bank the green light to apply for a card. If you don’t have so much savings, you can first apply for a savings card at this bank and use it for daily fund transactions. Making a few bank statements will also be helpful for applying for the card.

This is the end of the introduction on why credit cards are rejected instantly and why credit card applications are rejected instantly. I wonder if you have found the information you need?