1. The age does not meet the card issuance conditions
It is common among people who are under 18 years old and over 60 years old. If the age does not meet the bank's card approval limit, they cannot apply for a credit card. (Shizuka talks about card A)
Suggestion: You can apply for an additional card to be used as a parent’s main card. The additional card does not require repayment by yourself.
2. The financial income does not meet the conditions for card issuance
This is a common reason for card rejection. If the cardholder's income is unstable or has no income and he cannot prove his ability to repay, the bank will not approve the card. Some people who meet the age requirements but have no source of income, such as college students, cannot apply for a credit card. Even if they apply for a credit card, it will be a credit card with no limit.
Suggestion: If you don’t have a job, you can find a stable job, deposit your income into the card issuing bank of the bank you want to apply for, and apply for a credit card after 6 months.
3. Having a bad credit record
In this case, the bank will easily refuse to approve the card. However, the policies of each bank vary. If the cardholder's bad credit record is not that serious (overdue payment and non-repayment), some banks may relax this restriction.
Suggestion: If you have ever overdue repayment, you can first check your personal credit report (Chinese People’s Credit Center). If you are overdue and have paid off your balance, you can continue to use the credit card and erase your bad credit record. The bank will check the applicant's credit record and only examine the applicant's repayment status in the past 24 months.
4. The assets are not entrusted for safekeeping or management by the applicant bank
For example, the applicant has multiple properties, multiple self-owned cars and a large amount of deposits in his name, but the deposits do not exist in the application If you have not purchased financial products from the applying bank, you will also be rejected by the applying bank.