10 Reasons Banks Reject Credit Card Submission

10 reasons Banks Reject credit card Submission

Submission of your credit card is declined by your bank? Find out the cause and look at our tips for fast approval time can ask next.

Ask a credit card it's easy to pass, is now online. The difficult part is getting his approval.

Often, there are also those who rejected the submission of her credit card many times. From the bank any reason not to tell his refusal at times in detail. Provisions in effect at the bank surely cannot be contested.

In general, there are 10 reasons into consideration bank when processing your credit card submission:

1. Income does not match

A credit card is made in different types with different limit options. It is geared to suit the needs of prospective cardholders and adjusted by the number of earnings.

The average minimum income set by the bank is Rp3 million. The value is different on each bank.

If your income is below the Rp3 million, can be ascertained, the bank will refuse your application. The Bank is obligated to pay attention to the financial ability of the prospective customer so that's not the case of bad credit.

So, the bigger your income, then the chance of a credit card to be approved any bigger. The given limit is also higher.

2. Bad Credit History

Try to remember again, have you ever been certain arrears? One of the considerations of the bank before approving the submission of your credit card is a credit track record you have, such as installment credit vehicles, KTA, etc.

The Bank will check your credit history through BI (Bank Indonesia) Checking. If you have arrears of payment, then the greater the chances of filing a credit card was rejected.

There's no easy way in avoiding bad credit track record. You need to start disciplining yourself in pay bills in accordance with the deadlines.

3. The form and the documents are incomplete

Data in the application form must be complete. If there's one you don't fill, then filing a credit card be rejected. So too with the requested documents.

In order to make the process faster, submit complete document requirements and make sure you clearly document photocopy. If there are documents that are opaque to unreadable, then the document will be deemed invalid.

If the shipping documents by email, preferably sent in advance to the private email address to make sure the recipient can download the document.

4. Failed to Verify

In the credit card submission form, you are required to fill in form data that contains personal phone numbers, Office, home, and close family who could be contacted.

Most of the prospective client consider lightly it is by entering the number in the origin. The assumption is not checked by the bank, or if checked and not successful will not be so reserved.

In fact, many cases of refusal resulting from the failure of the bank number you provided so that the entry in the list of HTC (Hard to contact). So, try to give a valid number and is always ready to answer the phone.

5. Often Sedentary Work

Do you often switch work? This could make banks reconsider your credit card submission. Because the bank will consider you as someone who is not loyal.

At the very least keep Your employee status for a little over a year, so it will be easier for the bank to verify the data and approve your application.

6. the Suspicious Income Data

Salary became the main requirement of the bank in assessing your financial capabilities. That is, you need to submit proof of the transfer slip of salary as data validation.

However, many potential borrowers are often the forgery of data revenue or salary slip in order to escape the checking process.

This thus makes you suspect. The Bank has the ability to analyze data through data internal banking earnings. So, we recommend that you avoid the intention of falsifying your income data.

7. The credibility of the company

You need to know is, the bank has a list of companies that are categorized according to the value of reputation. The reasoning of many data sources, including Bank Indonesia.

Companies that get listed in blacklist in Bank Indonesia due to credit will make banks reconsider credit card filing officers.

Even though it has been approved, usually there will be additional requirements proposed by the bank. Unfortunately, you cannot find out the list of such companies.

8. Don't ask at Bank Place Saving

You have a lot of accounts at certain banks, but whether it is an active account that you use for saving? Useless have an account but never used for saving.

Because, when you submit a credit card, the bank will look at the financial transactions on your account. It would be better if it submits a credit card in the bank where you often save money or bank used the Office to pay the payroll.

9. Have plenty of credit card

It never hurts to have more than one credit card, but it can also have an impact on your next credit card submission. Especially if you often arrears bills of credit.

In the regulations the BI, the maximum credit card issuer can only give you two cards for one customer. But this rule is restored on the risk policy enacted the card issuer to potential borrowers with income above Rp10 million per month.

10. Ask credit card Simultaneously

When asking the credit card, the bank will look at your credit reputation. Therefore, if you ask two credit cards at the same time, the bank will assess you are needing large amounts of credit. You better ask first one by one by comparing the given offer.

Submission Of Credit Card Is Denied, Can Apply Again?

Could, so does not need to be discouraged. However, of course, the bank giving a specific time period for the submission of a credit card back.

Usually around six months, because after the span of time the bank shall renew the application data submissions are rejected. We suggest that you be patient wait six months again by learning the top ten of the above so as not to experience the same events.

Ask A Credit Card Online

Even if it has been six months and you wish to file a credit card again. We encourage you to submit them online to better facilitate and not waste your time. What is the process?

Visit the credit card submission site trusted then do registration by filling out the submission form. After that, it will be done the process of filtering and the bank will contact you.

If the data is already verified, it will be done upon arrival documents. The next step is the credit analysis process undertaken by the bank. If approved you will receive a credit card within 14 business days.

Hopefully with the above information, the submission of a credit card you can quickly be approved.

Share this post