Being rejected when applying for a credit card is not only related to your credit score, but also to your personal spending power and repayment ability.

According to Article 41 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks", the card-issuing bank shall conduct a credit investigation on credit card applicants, fully verify and completely record the applicant's valid identity, financial status, consumption and credit records and other information, and confirm that the applicant has a fixed job, a stable source of income or reliable repayment guarantee.

Article 42 The card-issuing bank shall determine the required (optional) elements of the credit card application materials based on the overall risk management requirements, and if any required information or required options are omitted (optional) in the credit card application materials, No credit card will be issued if the card is issued by another person (excluding business travel cards and business purchasing cards issued by the company and supplementary cards issued by the main cardholder), signed by others, or the application materials are not signed.

Credit cards shall not be issued if there are doubtful information in the credit card application materials, missing review comments, failure of reviewers at all levels to sign (sign, seal, enter work code), or lack of system review records.

Extended information:

Article 57 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" The card-issuing bank shall clearly stipulate in the credit card acceptance contract (agreement) that the cardholder shall The specific operating procedures for asset repayment of credit card loans. Without the cardholder's authorization, the cardholder's assets may not be used to directly offset credit card accounts receivable. Except as otherwise provided by national laws and regulations.

When the card-issuing bank receives the repayment from the cardholder, it will offset the various arrears of the credit card account in the following order: if it is overdue for 1-90 days (inclusive), the interest receivable first or Various expenses will be offset in the order of principal, and if the payment is overdue for more than 91 days, principal will be offset first, then interest receivable or various expenses will be offset.

Baidu Encyclopedia - Measures for the Supervision and Administration of Credit Card Business of Commercial Banks