What do cc issuers see while checking eligibility?

[MUDIT JAIN]

I have good cibil score but then also gets rejected for cc most of time .I am 20 years old .Why?

 

[CMGCMG is verified member.]

I am 20 years old

This.

 

[MUDIT JAIN]

This.

okay thanks

 

[Chaitanya-a]

I have good cibil score but then also gets rejected for cc most of time .I am 20 years old .Why?

You need to be atleast 21 years old to get CC if applying online. However, offline application via known person or a 3rd party agent can be tried.

 

[Rahul Gupta]

I have good cibil score but then also gets rejected for cc most of time .I am 20 years old .Why?

Go for axis,sbi cards. I think they provide cards for 18 and above.

 

[Chaitanya-a]

Go for axis,sbi cards. I think they provide cards for 18 and above.

Are you sure for SBI? As when I was trying to apply for Paytm SBI CC, it was asking 25+ age. Even their bank employee told me that same thing.

 

[demblahblah]

Go for axis,sbi cards. I think they provide cards for 18 and above.

neither will give, no point wasting time. onecard/idfc and maybe amazon apay will be better bets

 

[Chaitanya-a]

neither will give, no point wasting time. onecard/idfc and maybe amazon apay will be better bets

ICICI Apay is also for 21+

 

[demblahblah]

ICICI Apay is also for 21+

oh yes- although they're pretty liberal once you turn 21. I applied for it within an hour of me turning 21 and somehow got a 1.5l limit.

 

[Chaitanya-a]

oh yes- although they're pretty liberal once you turn 21. I applied for it within an hour of me turning 21 and somehow got a 1.5l limit.

I got 2.5L. But when everyone is getting directly promoted from 1L to 4L, I got only 20k LE

 

[akshayhs]

I have good cibil score but then also gets rejected for cc most of time .I am 20 years old .Why?

To answer the title of this thread, it's mostly one's credit worthiness, existing debt and credit hunger (to an extent) and definitely your repayment history.

To answer your question in the body of this thread, it's mostly due to your age. If rejections are mainly from Axis, then don't worry as they reject for no proper reason and they always have an answer ready when and if they reply if you ask them.

 

[Rahul Gupta]

Are you sure for SBI? As when I was trying to apply for Paytm SBI CC, it was asking 25+ age. Even their bank employee told me that same thing.

My friend is having a sbi simply click with 3.96 lakh limit and his age is 20.

 

[Rahul Gupta]

neither will give, no point wasting time. onecard/idfc and maybe amazon apay will be better bets

If you open a account in axis and maintain good balance with high number of transaction. You will get a pre-approved cc easily.

 

[Chaitanya-a]

My friend is having a sbi simply click with 3.96 lakh limit and his age is 20.

He must have been applied through agent.

 

[Rahul Gupta]

He must have been applied through agent.

Directly from sbi branch in ludhiana.

 

[Chaitanya-a]

Directly from sbi branch in ludhiana.

Yeah that's offline only. Branch ppl and agents can do that but in online they have equal algorithm/criteria which is applied to everyone. That's why not possible online.

 

[Rahul Gupta]

Yeah that's offline only. Branch ppl and agents can do that but in online they have equal algorithm/criteria which is applied to everyone. That's why not possible online.

Bro its always preferred to apply offline for maximum approval chances and most of the time they don't do physical verification as well.