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2007
Don`t worry if your credit card application is declined
Monday December 1, 2008
As a result of the recent credit crunch, many banks are tightening their lending criteria's. If you're after a credit card, but are concerned that your application will be declined, we have some information that might be useful to help you out if you do get declined.
General lending criteria includes:
- Your income.
- Your credit history.
- Whether you have steady employment.
- Your residential history.
These four factors could influence the bank's decision to offer you a credit card or what credit limit you are offered. As banks have their own lending criteria, it can be very difficult to get the precise reason your application was declined, but if you feel these main reasons are up to scratch, then you might like to press your bank to find out which area affected their decision.
Why was my credit card application declined is an article offering information about the details that banks frequently look at when deciding to offer you a credit card and what you can do to try to improve your chances of being approved for a credit card upon your next credit card application.
If you would rather wait until you have improved in these areas before applying for a credit card, you might like to consider the Citibank Clear credit card, a low rate credit card with an interest rate of just 12.49%p.a on purchases.
This low rate credit card comes with up to 55 days interest free and a competitive annual fee of just $65. Access to a range of benefits and discounts is also available with the Citibank Clear credit card.
So take a look at Why was my credit card application declined here or apply online for a Citibank Clear credit card.
