Declined Credit Card Application:

[sergio1010]

for first time applicant ..How are we suppose to build a credit history if credit investigator wont give us chance.. although with complete Info, requirements and even with big savings account many people got declined!!

From what bank did you got declined?

How many times did you apply?

[grim_reaper1814]

try mo sa HSBC tapos agent ka dumaan. mabilis lang.

[sergio1010]

ang hirap kasi pag self employed kahit na ang laki ng gross anual ko sa ITR ko malas yata ako sa CC application haha! anyway totoo bang after 6 months bago makapag re apply?

[KuyaDanny]

Someone from HSBC told me that they throw away all rejected applications that are more than six months old.

[sergio1010]

Someone from HSBC told me that they throw away all rejected applications that are more than six months old.

So true na they keep your record for 6 months after 6 months tatapon na nila? so you cant apply the following month after uv been rejected? grabe nmn kasi mga CI hndi nmn nila ilam kung sino may pang bayad or wala..

[KuyaDanny]

You can apply every day if you wanted to. But if you don't meet their guidelines you would be rejected every day.

I know it sucks. But they make the rules.

If it's any consolation for you, the last three times I applied for a credit card I got declined. And I am a working person with kids in school. I own the house I live in and the cars I ride, with no outstanding debt. Go figure.

So I don't bother applying anymore. I wait for them to give me free, preapproved cards, which I dutifully cancel as soon as I receive them.

[metropolitan]

don't take the rejections personally credit card application lang iyan. count your financial blessings!

[sergio1010]

@ kuya danny ill just wait for the time na sila na mag papadala sakin anyway im kinda young pa nmn hehe!

@metropolitan you have a point ill just count my inancial blessings para mawala inis ko sa mga CI hehe!

[jay372011]

Ano ba and dali dali naman ng solusyon! Ako problema ko yung name ko pa na may kamukha, tapos ITR ko hindi ganoon kaganda. Rejected by Citibank 4 -6 times in a span of one year! Lahat declined. UnionBank - dapat daw magdeposit ako.

Anyway - BPI SECURED CREDIT CARD ! Ganoon lang kadali. Tha is the easiest way to build credit history.

Tapos ngayon - sila na ang humahabol sa akin - ako na ang nag rereject sa kanila! Reversal of fortunes indeed. Yung isa nga i close ko na - well plan ko pa lang naman yon. Reason? Ayoko ng madaming cards. Would you believe that i would be saying that when everybody was rejecting me 6 christmases ago? Sabi nila, pasko ka mag apply kasi mas agressive daw ang mga card companies, pero pag hindi ka pasado, wala talagang mangyayari.

[sergio1010]

Ano ba and dali dali naman ng solusyon! Ako problema ko yung name ko pa na may kamukha, tapos ITR ko hindi ganoon kaganda. Rejected by Citibank 4 -6 times in a span of one year! Lahat declined. UnionBank - dapat daw magdeposit ako.

Anyway - BPI SECURED CREDIT CARD ! Ganoon lang kadali. Tha is the easiest way to build credit history.

Tapos ngayon - sila na ang humahabol sa akin - ako na ang nag rereject sa kanila! Reversal of fortunes indeed. Yung isa nga i close ko na - well plan ko pa lang naman yon. Reason? Ayoko ng madaming cards. Would you believe that i would be saying that when everybody was rejecting me 6 christmases ago? Sabi nila, pasko ka mag apply kasi mas agressive daw ang mga card companies, pero pag hindi ka pasado, wala talagang mangyayari.

hehe!! yeah i already applied for a BPI SECURED CREDIT CARD.. muka nmn madali kausap BPI after 1 year... do you use to own a BPI SECURED CREDIT CARD??

[metropolitan]

pinadalan ako ng classic Unionbank Visa. tinulungan ko lang yung kaibigan ng pamangkin ko na 'magka-sales.' almost one month na, di ko pa pinapa-activate. malayo kasi ang Unionbank branch for payments. inconvenient din ang kanilang other payment channels. P1500 pa ang annual fee.

[sergio1010]

pinadalan ako ng classic Unionbank Visa. tinulungan ko lang yung kaibigan ng pamangkin ko na 'magka-sales.' almost one month na, di ko pa pinapa-activate. malayo kasi ang Unionbank branch for payments. inconvenient din ang kanilang other payment channels. P1500 pa ang annual fee.

So kaya ka pinadalan kasi tinulungan mo Kaibigan ng pamangkin mo?

-----
i called BDO Cust service kanina.. i asked if pano nagiging qualified sa mga pre-approved cards 1 thing na sinabi sakin ay ang SM advantage card daw pag meron nun??

[johnski_07]

^May savings account ka ba ngayon sa BDO? Ilang months na? Dati wala akong savings sa kanila pero naapproved pa rin ako sa BDO shopmore mastercard... Ngayon nag open ako ng dollar account sa kanila... Hindi ko na gaano ginagamit ang BDO ko kase wala naman gaanong freebies unlike ng BPI...

[sergio1010]

^May savings account ka ba ngayon sa BDO? Ilang months na? Dati wala akong savings sa kanila pero naapproved pa rin ako sa BDO shopmore mastercard... Ngayon nag open ako ng dollar account sa kanila... Hindi ko na gaano ginagamit ang BDO ko kase wala naman gaanong freebies unlike ng BPI...

3 months palang account ko the past 2 months minimum lang ang Deposit ko simula lang nung july 29 lang naging 6 figure hehe

last week i just opened a optimum account sa BDO yung nlng ang di ko gagalawain para bigyan nila ko ng Pre-approved.. mga ialng months kaya dapat wag galawin??

[hy]

Would anyone know the reasons banks decline our credit card application? Personally, i'm baffled. I have applied to three credit cards and all three have been declined. I already have two existing cards - one from RCBC and one from Metrobank.

The Metrobank is on a bank-hold system. I have certain amount of deposit on hold with the bank equivalent to my credit limit, which sucks. That is why I want to cut that card so i can use my money. But before i do that, i wanted to get another card. My problem is, i kept getting declined and I don't know why. BTW, i have had my metrobank card for 5 years and i ALWAYS pay my due amount in FULL.

I don't have any debts and all my bills get paid. So why are my cc applications declined?

What i hate all the more is the fact that banks don't disclose to you their reason for declining your application. Don't we have the right to know so that we can do something about it?

Is there a way of knowing our credit score like what they have in the states?

[nidaime]

No such thing as a credit score here in the Phil. Did one of those applications include BPI? If not, try applying for one because if you pass the rigorous CI of BPI, you can apply credit card anywhere. Sila pa ang tatawag sa iyo.

One reason on why banks keep on declining you kahit may 2 credit cards ka na is wala silang kikitain sa iyo since you always pay your bills in full and it shows in your 5 year "credit history". I'm sure you know that banks would rather have revolvers for more profit.

[hy]

Ha? Being a good payer gets me declined for credit card applications? ang daya naman nila! mas gugustuhin pa nila na yung risk na baka hindi magbayad ang client kesa yung nagbabayad religiously. huhuhu, unfair naman nyan. Granting na hindi nga sila kumikita sa akin, kumikita **** sila sa mga merchants everytime i use my cc. Plus heavy user pala ako ha, and i pay in full. So that should tell them something about my financial standing.

Gusto ko kasi sa cc is everytime i travel, i don't need to bring cash. Paranoid kasi din ako na magdala ng cash kasi 2x na ako na-snatch.

I am already content with 2 cards, however, i want to cut my MBTC secured cc. Ayaw ko kasi na naka-tie and pera ko sa bank and hindi ko nagagamit. Plus china-charge pa nila ako kasi dormant daw account ko. Eh, naka hold-out nga, so syempre dormant.

hindi pa ako naka-apply sa BPI. Nawalan na din kasi ako ng gana eh, kasi nga palaging na-de-decline. Ang gusto ko malaman ngayon is the reason why na-de-decline ako. I'm curious and i want to know how i can avoid being declined the next time.

Any tips on how I can find out? Thanks.

[hy]

BTW, yung nag-decline sa application ko is HSBC and BDO. Yung Citibank naman, hindi pa daw open ang area namin, so hindi daw pwede mag-apply. Pero, declined pa rin yon.

[skyflakes31]

question lang po..kasi may account aku dati sa hsbc 2 years ago..nagkaron kasi ng problem sa payment pero nasettle din naman in full..ngayon nagttry uli aku magapply for a credit card kaya lang declined na lang palagi..(hsbc, metrobank, bdo) ..tanong ku, kahit ba nasettle mu na yung payments mu s kanila eh magrereflect pa din yun given na 2 years ago ku pa nasettle yung payment ku? Kasi parang yun lang yung nakikita kung grounds nila para idecline aku eh..kaya lang nga unfair naman siguro kasi nga ang tagal ku ng nabayaran yung utang ku sa kanila..help naman po..thanks..

[johnski_07]

^Ewan ko ba kung bakit hindi nila sinasabi satin ang reason kung bakit tayo nadedecline sa credit card application... bakit nga ba???