A credit score below 750 classifies a customer as risky in the eyes of banks. A low score suggests previous late payments on loans or bills, making it difficult to obtain a card.
Banks have set minimum income limits for each card. Applications from individuals whose income falls below this threshold may be rejected.
Possessing multiple loans or EMIs indicates to the bank that the applicant may not be able to manage additional debt.
Frequent job changes or short employment durations are perceived as risks by the bank.
Providing incorrect information such as dates of birth, addresses, or other documents can lead to application rejection.
Applying for multiple cards within a short timeframe can signal to the bank an urgent need for money, thereby reducing one’s creditworthiness.
Certain credit cards are restricted to individuals aged between 21 and 60. Applications outside this age range are not accepted.
Having outstanding bills on existing credit cards or loans poses a challenge in securing a new card.
