Why Your Credit Card Application Rejected?

If your credit card application is rejected, you may be wondering why. Credit card companies rarely tell why filing your credit card application was rejected. Instead they sent a notification letter detailing the reason for rejection without rejection in 7 - 10 working days. Here are a few common possibilities why your credit card application was rejected.

1. You do not fill out the application completely.
If your application is not filled with important information, you risk rejected. Fill in all fields with the correct information, so you eliminate the risk of the application was rejected because it was not complete.

2. You're not old enough to get a credit card.
If you are under the age of 21 years of age, your credit card application may be rejected. There are some exceptions, for example, if you are 18 years old but already married.

3. Your income is too low.
Criteria income limits vary among credit card issuers, but rarely notify the credit card issuer minimum income requirement for their credit card, so it's up to you to estimate your credit card according to your income.

4. Working lives long enough.
An unstable work history can allow your credit card application was rejected. If you frequently change jobs and have a period of unemployment, you may find it difficult to get approval credit card applications.

5. You have a new bill or public records.
When the first negative signal appears on your credit report, they damage your credit score the most. This is a serious behavior to signal to the credit card company that you do not have enough money to meet financial obligations.

6. You have unpaid bills.
Balance credit card balances that have not been paid for two months or more is one of the worst things that can appear on your credit report. Honestly, if you fail to pay another credit card, credit card companies will be hesitant to give a credit card.

7. Too many demands on your credit report.
Asking too many credit cards and loans in a short time can make your credit card application is rejected, regardless of whether you are approved for other credit cards.

8. You have too many credit cards.
The number of credit cards you have can affect whether your credit card application was rejected. There is no universal number that applies to all credit card applications. Instead, it varies by credit card issuers.

9. Loan amount is too high.
If you do not reduce loan balances, credit card issuers will be hesitant to give a credit card. You may not pay well.

10. The balance of your credit card bills are too high.
Credit card companies see that you will only use a maximum available credit balance for you.

Here are 10 common reasons why your credit card application was rejected.

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