Why was the credit card limit increase application rejected instantly? These five reasons you have to know!

After applying for a credit card, the limit is usually relatively low. If you want a high limit, in addition to having excellent qualifications, you need to apply for the card and take good care of it, and then apply for a limit increase. However, credit card limit increase is not something you can raise just when you want. Most applications for limit increase will be rejected. So why are credit card limit increase applications always rejected instantly? Here are five reasons summarized for you.

Reason 1: The time has not come yet

If you want to raise the limit, there are requirements for the time when you use the card. The time for raising the limit when using the card is different in each bank. Generally, you need to use the card 6 The first mention is monthly, and there are also three months or one year. There are also banks like Bank of Communications and China Construction Bank that don’t raise quotas for ten thousand years. Even if you call the customer service number, they will be rejected instantly.

Reason 2: Insufficient qualifications

Each bank has its own routine for increasing the credit card limit. Only by following the routine can it be possible to increase the limit. For example, China Merchants Bank prefers small and multiple purchases, while Agricultural Bank of China prefers 20 purchases per month. If the standard of this routine is not met, it is inevitable that the quota increase application will be rejected instantly.

Reason three: Wrong card swiping posture

Now the rates of credit card swiping POS machines have been unified, and they are only public welfare POS and lower than this ratio. If you often If you use public welfare POS machines, the bank will not make money, or if you only use one POS machine, there will be abnormal card payment, so don't think about raising the limit.

Reason 4: Risk control

If there are risky behaviors on the credit card, such as sudden large-value transactions, overseas transactions, and suspicious cash-out behaviors, there are It may be listed as a risk control inspection period by the bank. During this period, you cannot raise your limit, and it is possible to be severely blocked.

Reason 5: The repayment is not timely

If you have been overdue while using the card, or you have overdue records on your credit report during this period, this The most terrible thing is that not only will the quota increase be rejected immediately, but it will be good if it is not reduced.

Here we introduce five reasons why credit card limit increases are rejected instantly. I hope it will be helpful to you. Everyone should try to maintain good card usage and repayment habits in their daily card use, so that the limit increase can be successful.

Why are credit card applications rejected immediately?

1. Conditions are not met

Credit card applications have certain requirements, such as 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, China 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. Make a fixed deposit 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.

Why was my credit card application rejected immediately?

There are generally three reasons why my credit card application was rejected immediately:

1. The information verification failed. 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.

Operating environment: Huawei nova6 (5G), HarmonyOS2.0.0

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 they are always rejected every time they apply for a card. It is really annoying 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.

Is it easy to apply for Minsheng Bank credit card online? Why was mine rejected instantly

It is relatively easy to apply for Minsheng Credit Card online, but you need to meet the application conditions. Those who do not meet the application requirements will be rejected. There are many main reference factors, such as age, job, income, education, etc. The applicant's card holding and use in other banks or credit status in other institutions will also be referenced.

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.

Minsheng Bank’s credit card review department will comprehensively score each applicant’s situation in all aspects. Cards will not be issued to those with insufficient scores. Only those who meet the scoring criteria will receive a legal credit card.

The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

What are the reasons why Minsheng Bank’s credit card was not approved?

Minsheng Bank’s credit card was not approved for reason 1: the applicant’s repayment ability is insufficient

Minsheng Bank’s credit card was not approved for reason 2: the applicant’s credit record is not good

Minsheng Bank’s credit card failed to pass the approval for the third reason: the applicant does not have a local card-issuing bank outlet

The Minsheng Bank’s credit card failed to pass the approval for the fourth reason: too many credit card holders

Minsheng’s credit card was rejected immediately Let’s stop talking about the reasons here.