Why do banks don’t state the reason why they deny credit card application in the Philippines?
I have been approved of credit cards before but there are specific banks I’d like to apply for a credit card but never was my application granted. You can’t say I’m not qualified cause I have been approved of 2 before. Do banks have different sets of standards in approving application? What’s annoying is why they do not specifically say the reason why I am declined.
they don’t give reasons for denial in any country – maybe you have too MUCH credit for your income if you already have 2 cards – why would you need a 3rd? you shouldn’t be carrying big balances on credit cards – that is a sure way to financial disaster
of course different banks have different approval criteria – obviously these banks view you as risky and don;t want to assume that risk
What Everybody Ought to Know About Credit Card Application & Credit