Rejection of credit card application.
Over time, more and more people are joining the revolution called 'Credit Card'. Yes, it's really a revolution. Now you do not have to how much money you have in your pocket when you go shopping, just carrying this small piece of plastic (credit card), enough to take care to ensure you of a good shopping therapy. You can use your credit card to order things from the comfort of your home (the internet). So the number of credit card applications seem to be on the rise. However, not every credit card application in a physical credit card. Some credit card applications get rejected.
Let us, why would a credit card-credit providers to refuse the application if he has so much time and energy (and money spent) on advertising for new customers.
One obvious reason for the rejection of credit card application is human error, ie the error by you in completing the required credit card application. These can be small mistakes like a wrong telephone number or wrong name or postcode may be wrong. It is normal to make mistakes because we are human and no human being can be described as perfect. Another important reason for rejecting a credit card application could be missing mandatory information ie when you forgot to fill in some mandatory information in the application for a credit card. Sometimes the credit card application could be rejected because the credit card application form has been filled-in in a manuscript that man is the processing of your credit card application is illegible. In other cases it was the representatives (the credit card providers) have correctly an error in the filing, either the form or you can in filling the credit card application form (newly hired sales staff make such errors).
However, these human errors are only minor errors that would later on and thus the impact can only be corrected with respect to the delay in receiving your credit card. The main and most important cause for rejection of credit card applications is bad credit ratings ie a negative credit rating. If you previously with other credit cards or if you have a bank loan taken / mortgages in the past, you would have already built your credit rating. If you have been making your bill / payment in installments in time (and in the correct amount), you would have already acquired a good credit rating. If you were not erratic or if you have been in default on your payment obligations, they would have developed a bad credit rating. This rating is calculated by credit bureaus who receive feeds from various credit providers. All credit card applications for the creditworthiness of the customer to verify and if it comes out to be negative, the application is rejected outrightly.
So, they are paying the 2 main reasons for the rejection of the application and credit card, you are given to them (especially the credit rating).