When applying for a credit card, most people have had the experience of being rejected. Even if they apply again, the application is still not approved when changing banks. What is the reason?

Today I would like to share with you some solutions after failed card application. I hope it can help you~

1.Information does not match

In order to get the bank to approve a high limit,min pay some credit card applicants will fill in some false information, such as a manager of a Fortune 500 company with an annual salary of hundreds of thousands. Such information will definitely attract the attention of the reviewer and verify it. Not only will the application not be approved, If the amount is high, you will be rejected.

Fill in the application information truthfully according to your own situation and do not exaggerate.ofw quick cash loan online Be mentally prepared for the "Long March to Increase Your Amount". Even though your quota may be lower in the early stage, there is a high probability that your quota will be increased if you use it well in the later period.

2. Unstable income

In order to ensure that cardholders have sufficient repayment ability, banks generally require applicants to have a stable job so that they can have a stable income to repay the loan.debt consolidation If the bank finds that the applicant frequently changes jobs when checking the personal credit report, it will be difficult for the bank to approve the credit card.

Provide sufficient proof of financial resources to the bank and find a suitable job to stabilize your income.

3. Too much debt

The debt reflected in the credit report is too high and exceeds the repayment level corresponding to the existing income. The debt content shown in the credit report generally refers to housing loans, car loans, online loans, credit cards, etc. The bank can use the credit records in the credit report to To estimate the applicant’s debt status. If the debt ratio exceeds 70%, the bank will refuse to approve the quota.

Solution: Increase stable income and reduce debt, thereby lowering the debt ratio. Once the debt ratio is reduced, it will be easier to apply again.

4. Missed the review call

If there are no problems in the early stage, and the conditions are not bad, but the problem lies in the last link - failure to receive the review call, the credit card application process will be wasted.

Take the initiative to contact the institution and request a phone review. This is the last step of the phone review process. Do not miss or refuse the call. The questions most banks ask on the phone are very simple. They basically ask for a few information on the credit card application form, and then the application is approved after a simple verification.

If you speak unclearly or hesitantly when answering, you may be rejected, so try not to fill in false information to avoid being rejected if you fail to answer.

5. Bad credit report

The bank will check the individual's credit report during the review. If the credit report shows that the card applicant's credit cards and loans are overdue, or that the applicant has been a "laohe", the bank may refuse to issue the card.

If your current credit card or loan is still overdue, please pay it off as soon as possible and maintain a good credit record. As long as you are not avoiding serious overdue payments, the bank will naturally issue a card if you apply again after a period of time.

6. Blank credit report

Some people have no credit, which simply means they have no credit card usage records or loan records. Many people think that they have never used a credit card or borrowed money, which means they are a "good person" who keeps to themselves.

If there is no credit information, the bank cannot judge whether the individual's credit is good or bad. Most banks are very cautious about this group of people, and it is generally difficult to pass the application.

In order to avoid being rejected due to a blank credit report, Baihu can choose the bank to which his salary card or frequently used bank card belongs to apply for a credit card. In this way, the bank will also have a basis for reviewing you, which will increase the probability of approval.

7. Frequent loan applications

Generally, financial institutions determine that the applicant's inquiry access threshold is no more than 6 loan/credit card applications in two months. Each application will be included in the credit inquiry. In this way, the financial institution will determine that the applicant is very short of money and reject the application.

Solution: Reduce the debt ratio, keep good credit card records, and apply for credit cards again after a period of time.

8. The total credit limit reaches the upper limit

When evaluating whether to issue a card, the bank will look at the overall credit limit of the applicant's current credit card compared with his or her income, and whether the applicant still has the ability to repay the new credit card. Generally speaking, without specific proof of income, the maximum credit limit is Around 200,000.

If the total credit card limit you hold reaches the upper limit and you apply for a credit card again, the bank will consider that the applicant's comprehensive credit ability has exceeded the range. If the card is approved again, there may be a risk of being unable to repay the credit card, so the application will also be rejected. .

Increase your personal income to increase your total credit limit. If the credit card limit you applied for previously has not been used, you can make reasonable use of it. Or cancel the previous credit card and apply for a new card again.

9. Too many credit cards

The more credit cards, the better. If you apply for credit cards frequently, the bank will think that you are short of money and may be suspected of cashing out. Also, too many credit cards may make it easy for cardholders to misremember the billing date and repayment date, which may lead to overdue payment and personal damage. Credit reference.

If you have too many credit cards and are rejected, it is recommended to "slim down" your credit cards immediately. Cancel cards that you haven't used for a long time or cards with too low limits before applying for a new card.