https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9160063
They will tell it as internal policy, don't apply any cards for two to three months
rejecting credit cards
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My cibil score is 756 still I get many calls from card companies but when I apply for them it gets rejected. Recently my kotak card was dwclined can i know why are they getting rejected
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https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9160143
Hello bro! Hope you are doing well! For your kind information the calls you are getting are not from card companies/banks, most of them are agents who will tell almost everything on earth to make you apply and that's it! their target completed. If you really wanna get your card easily approved open a bank account in the bank in which you wish to get your card. It will make the KYC process smooth. Don't apply for too many cards in short intervals. Some banks reject it straight away if they see a high number of enquiries in a short period. Pin code serviceability plays the most important role. Waiting for a pre-approved offer is also a good way but you need to have a good volume of transactions plus fat bank balance. What I know from my experience is that only the CIBIL score doesn't matter. It's just a number. Your financial history does. Try to go for entry level cards if you're new to credit cards. I hope you already knew the secured card option if nothing works. Applying through agents has its own merits too. Because they know all the in depth ways to get your application approved (like the SBI agents from malls and railway stations). Always opt for Vkyc than physical verification. If you have multiple addresses in your credit report that too might lead to rejection. Last but not least no matter what others say, it's always the banks who are the ultimate deciding factors. I wish you get your card soon! Sorry for the long answer though.
https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9160385
Yasar-Arafath wrote:
What I know from my experience is that only the CIBIL score doesn't matter. It's just a number. Your financial history does.
Actually.... After 16 years of playing with cards and cibil... My conclusion is that all issuers only take into consideration the "score" part for primary approval and "debt to income" ratio for secondary.
https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9161113
As advised above, don't apply for ANY credit card for at least six months. Improve your credit score by maintaining a good track record (timely payments, don't exceed 40% of your credit limit). Check score after 6 months on any free app like Cred. If it is above 800 then only apply for a new credit card.
https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9161976
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Ramta_Jogi wrote:debt to income ratio .... thats a good point.Actually.... After 16 years of playing with cards and cibil... My conclusion is that all issuers only take into consideration the "score" part for primary approval and "debt to income" ratio for secondary.
https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9162897
jaadugar_goga wrote:As advised above, don't apply for ANY credit card for at least six months. Improve your credit score by maintaining a good track record (timely payments, don't exceed 40% of your credit limit). Check score after 6 months on any free app like Cred. If it is above 800 then only apply for a new credit card.
These things you mentioned would go for a toss if the card issuer doesn't report total t card limit to the bureaus in the first place.
https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9163044
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Ramta_Jogi wrote:These things you mentioned would go for a toss if the card issuer doesn't report total t card limit to the bureaus in the first place.
Where have I mentioned anything about total credit limit?
https://www.desidime.com/discussions/rejecting-credit-cards?page=1#post_9163595
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jaadugar_goga wrote:Where have I mentioned anything about total credit limit?
You haven't mentioned but you could have added this as a TnC /disclaimer. All HDFC cards, it seems, doesn't report credit limit to the bureaus. Earlier, Amex too didn't report... Then got a solid "rrraaappttaa" from RBI and now it reports. 😂
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Hello bro! Hope you are doing well! For your kind information the calls you are getting are not from card companies/banks, most of them are agents who will tell almost everything on earth to make you apply and that's it! their target completed. If you really wanna get your card easily approved open a bank account in the bank in which you wish to get your card. It will make the KYC process smooth. Don't apply for too many cards in short intervals. Some banks reject it straight away if they see a high number of enquiries in a short period. Pin code serviceability plays the most important role. Waiting for a pre-approved offer is also a good way but you need to have a good volume of transactions plus fat bank balance. What I know from my experience is that only the CIBIL score doesn't matter. It's just a number. Your financial history does. Try to go for entry level cards if you're new to credit cards. I hope you already knew the secured card option if nothing works. Applying through agents has its own merits too. Because they know all the in depth ways to get your application approved (like the SBI agents from malls and railway stations). Always opt for Vkyc than physical verification. If you have multiple addresses in your credit report that too might lead to rejection. Last but not least no matter what others say, it's always the banks who are the ultimate deciding factors. I wish you get your card soon! Sorry for the long answer though.
Actually.... After 16 years of playing with cards and cibil... My conclusion is that all issuers only take into consideration the "score" part for primary approval and "debt to income" ratio for secondary.