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Banks use your credit history and the information you provided in your application to decide whether to approve or reject you for a credit card.
If you keep getting declined for a credit card, it could be due to any of these reasons:
- Invalid and/or incomplete requirements (expired ID, outdated ITR, etc.)
- Incomplete or inconsistent information on your application form
- Too low income
- Poor credit history (too much debt, overdue credit card or loan balances, etc.)
Once you’ve identified the exact reason behind the rejection, don’t re-apply again until you resolve the issue that got you rejected in the first place.
It is recommended to wait for 3 to 6 months before re-applying for a credit card to avoid leaving a negative impression on the bank.
Go back to the main page: How to Apply for BPI Credit Card: An Ultimate Guide