The bank will not indicate the reason for rejection. Generally, a rejection will only indicate that the comprehensive score is not enough, so it is impossible to check the reason for rejection of the credit card. The reasons for rejection of credit card applications include the following aspects:

1. Personal credit reporting issues: If there are bad records such as overdue repayments and arrears in personal credit reporting records, it will have a negative impact on credit card applications. Banks will check personal credit records when approving credit card applications. If the records are poor, the application may be rejected.

2. Contact issue: The bank will contact the applicant by phone. If the applicant cannot be contacted during the application period or the phone cannot be connected, the bank may consider the applicant unreliable and reject the application.

3. Job stability issues: Banks will pay attention to the applicant's work situation, including the stability of the workplace and income. If the applicant leaves his job during the application period or his income is unstable, the bank may consider the applicant's repayment ability insufficient and reject the application.

4. Failure to meet application standards: Banks have certain standard requirements for credit card applications. For example, applicants need to be over 18 years old, have a stable job and income, and provide proof of property, etc. If the applicant does not meet these requirements, the bank may reject the application.

In short, the reasons for rejection of credit card application may involve personal credit record, contact issues, job stability, and failure to meet application standards. When applying for a credit card, you should ensure that your personal credit record is good, you should keep your contacts open, have a stable job and income, and meet the bank's application requirements to increase your application success rate.

Can the penalty interest for overdue credit cards exceed the principal?

It is legal for credit card overdue interest to exceed the principal. Overdue interest cannot exceed the principal. This interest is based on the number of days you are overdue and the daily overdue rate. Of course, the longer the overdue period, the higher the interest rate. According to the regulations of the central bank, the overdue interest rate can be increased by 30% to 50% from the normal interest rate level, so when the overdue time is too long, the interest may exceed the principal, which is also legal.