Why can’t I apply for a credit card?
Failure to apply for a credit card does not necessarily mean there is a problem with your credit report. If you can't get a credit card, there may be a problem with your credit report, but it's not certain. Generally speaking, there are three reasons for credit card rejection:
1. Reasons for the applicant’s basic information, such as under 18 years of age, occupation that is prohibited for bank credit cards, insufficient information provided, and insufficient salary information wait.
2. Reasons for the applicant’s credit reporting, such as multiple overdue behaviors, multiple unpaid loans, etc.
3. Other reasons, such as high debt, failure to meet bank requirements, etc.
1) If applying for a credit card, the customer must be over 18 years old and have full civil capacity; and maintain Good personal credit; stable and legal sources of income and the ability to repay on time. However, if you are under 16, you will need to be accompanied by your parents. If you choose to operate a premium platinum card, there will be stricter requirements on the customer's economic and financial level. If you only apply for a savings card, there are no requirements. Customers can bring their personal ID cards to the outlets.
2) Some bad credit records will be permanently on the credit blacklist, which means that you will never be able to get a credit card and borrow a penny from the bank. For some bad credit records, after paying off the debt in full (including overdue penalties, interest and compound interest), there will be no overdue records within 5 years, and all bad records will be automatically cleared after 5 years. That is to say, you cannot apply for a credit card within 5 years, but you can apply for it after 5 years. In some cases, a credit record is perfectly fine, but a credit card cannot be processed.
3) Credit cards are divided into credit cards and quasi-credit cards. A credit card that allows you to make purchases first and then refund the money within your credit limit. A certain amount of petty cash must be deposited into a quasi-credit card. If your petty cash is not enough to cover the expenses, you can overdraw your credit card up to a specified credit limit. The difference between debit cards and credit cards: Credit cards (consumer credit products) consume first and then repay, while debit cards deposit first and use later; credit cards can be overdrafted, but debit cards cannot be overdrafted; credit cards have revolving credit limits, but debit cards have no revolving Credit limit; (Revolving credit refers to the amount approved by the bank for the cardholder. The cardholder does not need to repay the amount owed within the limit. Only the specified minimum repayment amount can maintain a good credit record and re-use it. . The credit limit of the cardholder.)
Why the credit card application cannot be approved?
What are the reasons why the credit card application is rejected? What are the reasons why the credit card application cannot be approved.
Reasons for users being rejected when applying for credit cards: frequent applications for various credit services in a short period of time; poor personal credit, with overdue records in the credit; personal debt ratio is too high and repayment ability is insufficient; there is no stability job and income; does not meet the age requirement for applying for a credit card; the user has been blacklisted by the bank.
When the above situation occurs, the user's credit card application will be rejected. The user must solve the problem first and then apply for a credit card. Repeated applications will only cause the personal credit report to be ruined.
What are the reasons for failure to apply for a credit card?
1. Age does not meet the requirements: Generally speaking, if the user is 18 years old and above, then he or she can apply for a credit card. However, some banks or some card types have stricter requirements, requiring you to be between 22 and 23 years old.
2. Too many credit cards have been applied for: Because users rely on their current credit to apply for loans or credit cards, banks will have an estimated upper limit. If you have applied for multiple credit cards at the bank and the credit limit is close to the upper limit, then you may easily be rejected if you apply again.
3. Personal repayment ability is average: Credit card debt must be repaid every month, which naturally requires users to have a stable source of economic income. It is very difficult for people without jobs to apply.
4. Credit reporting: If the user has had serious overdue payments or has high personal debt, it will be visible on the credit report, and the bank will reject it due to risk considerations.
The following are the credit card channels for Ping An Bank, China Merchants Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Minsheng Bank, China Everbright Bank, and China CITIC Bank. If you need it, you can apply by yourself!
Credit card application for China Merchants Bank and Ping An Bank
Credit card application for China Everbright Bank and China CITIC Bank
Credit card application for Agricultural Bank of China and Minsheng Bank
Credit card What should I do if my application fails?
You can try to apply for a credit card by following the following methods. The reasons are as follows:
1. Under normal circumstances, whether a credit card application can be successful, the bank mainly considers the personal Ability to repay. It is recommended that you apply for a credit card from the bank that pays your salary. Since the bank knows your income status, it will naturally approve your application and you will be able to get the credit card soon.
2. If the application materials do not meet the requirements, then when you apply next time, you must carefully read the bank requirements, fill them in carefully, and provide as much information as possible that can prove your assets, so as to improve your chances of passing the application. Rate.
3. The competition for credit card business among banks is very fierce. Each bank will have several credit cards or credit cards that are worth applying for. Compare them carefully and continue to apply again. There are so many There is always one bank that will accept your application.
: 1. A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
2. Credit cards stipulated in the relevant laws of our country ("Interpretations of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, An electronic payment card with full or partial functions such as transfer settlement, cash deposit and withdrawal? On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
3. Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate). Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; a quasi-credit card refers to a credit card in which the cardholder can A quasi-credit card that deposits a certain amount of reserve fund and can be overdrafted within the specified credit limit when the reserve account balance is insufficient for payment. The so-called credit card generally refers to a credit card only.
What’s the reason why I couldn’t apply for a credit card for the first time? I can't get off, and I don't know what's going on. If you ask the bank staff, they will definitely not be able to tell you the accurate and specific reason. So what are the reasons why you did not get the credit card application for the first time? Today I will help you list them one by one, and you can analyze them yourself!
1. The information provided is incomplete or the information is wrong
The most common reason for a credit card application being rejected is that the information provided is incomplete or the information is wrong. The bank says that the comprehensive score is insufficient. Including: your age, length of service, salary, education, position, personal property status, etc. The more information you provide, the better, but you must ensure the authenticity and accuracy of the information. The bank will verify the information you provide. You must not There is a sense of luck. In addition, the four major state-owned banks need more complete card application information, and generally you need to pay social security for more than half a year before you can apply for a card.
2. Nature of work
The nature of your work determines your salary, including the level of salary and the stability of your work income.
For example, if your job is in a state-owned enterprise or public institution, then it is easier and faster to apply for a bank card; if your job is in the nature of sales, venture capital, etc., then the bank may have certain concerns about the nature of your work. Due to job instability and salary income uncertainty, banks may directly reject your application.
3. Poor credit report and overdue records
If you have credit card consumption or other loan records in the past, you have been overdue for many times or overdue for a long time when repaying. If it is seriously overdue, the record will be included in your personal credit system. Then the bank will definitely determine that you do not meet the conditions when reviewing your qualifications. Because credit reference is a very important review condition that must be taken into account.
4. Problems arise during the return visit from the bank
After submitting the application information for a credit card, most banks will make a credit reference call, sometimes to your company. This requires ensuring Someone must answer the phone number you provided and be able to cooperate with the bank staff to answer the return visit. If no one answers the phone after several calls or the call cannot be connected at all, the bank will consider your information to be untrue and reject the application.
5. The types of credit cards are inconsistent
Some credit cards are opened for specific groups of people. Before applying, be sure to check whether you meet the conditions. Don’t apply directly if you think it looks good. The conditions are not met. The bank will not issue the card.
If the bank credit card you applied for is rejected, you can refer to the above reasons for troubleshooting. Be clear about the application conditions before applying. If the conditions are obviously not met, there is no need to do useless work. But if your own conditions are okay, you can change your bank and apply again after your application fails, and you might be able to pass.
What is the reason why the credit card application cannot be applied for?
What is the reason why the credit card application is rejected:
The reason why the user is rejected when applying for a credit card: Frequently applying for various credit cards in a short period of time kind of credit business; personal credit report is poor and there are overdue records in the credit report; personal debt ratio is too high and repayment ability is insufficient; there is no stable job and income; the age requirement for applying for a credit card is not met; the user has been blacklisted by the bank .
When the above situation occurs, the user's credit card application will be rejected. The user must solve the problem first and then apply for a credit card. Repeated applications will only cause the personal credit report to be ruined.
What are the reasons for failure to apply for a credit card?
1. Age does not meet the requirements: Generally speaking, if the user is 18 years old and above, then he or she can apply for a credit card. However, some banks or some card types have stricter requirements, requiring you to be between 22 and 23 years old.
2. Too many credit cards have been applied for: Because users rely on their current credit to apply for loans or credit cards, banks will have an estimated upper limit. If you have applied for multiple credit cards at the bank and the credit limit is close to the upper limit, then you may easily be rejected if you apply again.
3. Personal repayment ability is average: Credit card debt must be repaid every month, which naturally requires users to have a stable source of economic income. It is very difficult for people without jobs to apply.
4. Credit reporting: If the user has had serious overdue payments or has high personal debt, it will be visible on the credit report, and the bank will reject it due to risk considerations.
The following are the credit card channels for Ping An Bank, China Merchants Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, China Minsheng Bank, China Everbright Bank, and China CITIC Bank. If you need it, you can apply by yourself!
Credit card application for China Merchants Bank and Ping An Bank
Credit card application for China Everbright Bank and China CITIC Bank
Credit card application for Agricultural Bank of China and Minsheng Bank
Credit card Let’s stop here to explain why I couldn’t apply.