Hi I am Mohamed Ali. I am from chennai. I am holding three credit cards & three personal loans. Both card and loan repayments done up to till date, without any default for past 15months.
last month i applied for credit card in four banks at the same time. In that, two bank credit cards I received rejected message and email. Another two banks credit card application no response.
Before i applied the credit card my cibil score was 765.
Question 1, I want to know why my credit card applications were rejected?
Question 2, As my credit card application has been rejected, will this affect my cibil score?
Question 3, Even if it has affected the cibil score, how much points will be reduced?
Question 4, When can i apply my next credit card or loan? Is there any time duration for applying new credit card or loan?

As first step, what you need to do is to ask the lender (Bank), the reason for rejecting your credit card application, especially if there was an issue with your credit score/ history. Credit...Read More

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Hi ,

once upon a time i have a sbi credit card it against on my fd account due to some reason it was paid by my fd amount after that my all credit card gets rejected how can i come out from this issue to get credit card offers

We do not understand your issue. We do not know how card dues can be adjusted against an FD.

Also if your credit card applications are being rejected, it only means that there is a pending...Read More

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