Are credit cards related to credit reporting?

Yes. After the bank receives the cardholder's application for a limit increase, it will conduct post-loan management to check the credit score. If it is found that the cardholder's credit score is too bad or too poor, it means that the cardholder's willingness to repay is not good and the financial situation is worrying. , don’t worry about giving too high a limit, so they will refuse to increase the limit to the cardholder.

Extended information:

Credit reporting includes two aspects: personal credit and business credit. Of course, there is also government credit reporting, but it can be ignored.

Enterprise credit reporting refers to the analysis and study of the credit records, operating levels, financial status, external environment and other factors of market participants such as enterprises, bond issuers, financial institutions and so on. , a comprehensive evaluation of its credit ability (mainly its solvency and its solvency). Corporate credit reporting is a comprehensive analysis and measurement of contract performance capabilities and credibility. It is an indispensable intermediary service in the market economy system.

Personal credit reporting refers to the activities in which personal credit reporting agencies established in accordance with the law collect and process personal credit information and provide personal credit information inquiry and evaluation services according to user requirements. A personal credit report is a personal credit history record that the credit reporting agency collects in accordance with the law, processes and organizes it in accordance with the law, and finally provides it to legal information inquirers in accordance with the law.

Currently it is mainly used for various consumer credit businesses of banks. As the social credit system continues to improve, credit reports will be more widely used in various commercial credit sales, credit transactions, recruitment and job hunting. In addition, personal credit reports also provide the inquirer with a way to review and standardize his or her credit history behavior, and form a verification mechanism for personal credit information.

The main factors that may affect personal credit risk scores are: there have been overdue repayments on loans, or credit card overdrafts have not been repaid within the agreed time limit and repayment amount, or there are too many loan accounts and credit cards, etc. When a credit reporting agency or information provider receives an objection, it shall mark the relevant information as objectionable in accordance with the regulations of the credit reporting industry supervision and administration department of the State Council, verify and handle it within 20 days from the date of receipt of the objection, and provide a written reply with the result. Dissenter.

After verification, if it is confirmed that there are errors or omissions in the relevant information, the information provider and the credit reporting agency shall make corrections; if it is confirmed that there are no errors or omissions, the objection mark shall be cancelled; if it cannot be confirmed after verification, , the verification status and objection content should be recorded.

Do credit cards have an impact on credit reporting?

1. The process of applying for a credit card does not have much impact on credit reporting. However, if an individual frequently purchases credit cards in various places in a short period of time, Applying for a credit card from a major bank, or repeatedly applying for a credit card successfully but not processing it will affect your personal credit report. 2. If there is an overdue behavior when using a credit card, it will affect the credit report. Generally speaking, the overdue credit card record will be retained on the personal credit report for 5 years. If the overdue amount has not been paid off, the record will be Save forever. 3. Using credit cards for illegal operations will also have an impact on your credit report. For example, if you use a credit card to cash out, if the bank discovers it, it will leave a bad record on your credit report.

Is there any relationship between applying for a credit card and credit reporting? Pay attention to these points

We know that when you apply for a credit card, you will check your credit score. In other words, the quality of your credit score will affect the success rate of card approval, which is naturally related to the credit card application. Many people are not clear about what content on the credit report will affect credit card approval. Here is a general introduction.

What should I look for in a credit report when applying for a credit card?

1. Number of inquiries

This is a very important point. Whether it is a card application or a loan, as long as it is listed in the credit report, it will be left on the credit report. Querying records is called a hard query.

If you apply frequently in a short period of time, resulting in too many inquiries, it will directly affect the credit card approval rate. The reason is simply that the bank thinks you are short of money. Otherwise, why would you apply for credit cards and loans frequently?

2. Debt ratio

The debt ratio is used to determine the financial status of the applicant. The credit card and loan information will be recorded in the loan information on the credit report.

For example, the credit card information will display the number of credit cards, monthly repayment amount, total credit limit of credit cards, and available limit. For example, if you have 5 credit cards in your hand, each one is empty, especially There are also large purchases, indicating that the applicant has extremely high debt; the number of lending institutions and loan amounts will be recorded in the loan information, which will also increase the debt ratio.

Once the debt ratio exceeds 50% of the applicant’s monthly income, it is basically difficult to get a card approved.

3. Number of credit cards

Nowadays, when applying for a bank card, some banks have strict requirements on the number of credit cards. For example, China Construction Bank, it is said that it has 5 bank credit cards in hand. You can no longer apply for it; in addition, some people like to apply for multiple credit cards at the same bank, which may not approve the cards. For example, China Everbright Bank will not approve cards if it has more than 5 credit cards.

In addition, there are other details, such as whether it is overdue, etc. Everyone should be clear about these, so I won’t go into details here.

This is the end of the introduction to the relationship between credit cards and credit reporting.