Actually, what are the factors that assess a bank’s credit card application ? Does your income and work affect the credit card application being accepted or rejected?
To answer that question, let’s look at the information from the following Sam Weller article in full!
Credit Card Submission
Credit cards are one of the facilities provided by various banks and are widely used by customers for easy transactions, both in stores ( offline and online ), restaurants to pay bills, such as airplane ticket bills, electricity, water bills, and so on.
Credit cards are widely used so that customers can repay their bills ( installment ), delay payment of a transaction for a certain period of time due to financial reasons, or because they want to use promos and discounts at certain merchants that are usually obtained through the use of credit cards.
Usually, customers are given a certain limit (or often called a debit tray) for their credit card usage. The payment term and due date are also limited based on the credit card print date of each card.
Are you interested in applying for a credit card at a bank?
Actually, the concept of using a credit card is that you owe funds to the Bank. So, before you apply for a credit card, you need to know some things that can convince the Bank that you can repay your debt to the Bank on time.
The process of submitting a credit card application is actually quite easy, even you can register online . However, going back to the concept above that to get approval (approval) Bank for submission of your application will be quite difficult if the requirements demanded not keep.
Below are some things you need to know about the bank’s assessment of credit card applications.
Bank Assessment of Credit Card Submission
In general, there are several things that are considered by the Bank when verifying your credit card submission. The bank’s assessment of credit card submissions is as follows.
Documents and Requirements
The documents and requirements requested by the Bank actually do not aim to make it difficult for you. Instead, it actually helps you to remain secure and minimize the risk of losses that may occur while you are using a credit card.
In general, some requirements and documents requested by the Bank and you need to prepare are as follows:
- Your age at the time of submitting an application is at least 21 years, meaning you also have to have a KTP and bring along the photocopy when you will submit an application to the Bank.
- Have a minimum net income of IDR 3,000,000 per month, accompanied by proof of your salary slip.
- Photocopy of NPWP card.
- Photocopy of passbook for the last 3 months.
- If you already have a credit card, you also need to attach a credit card bill for the last 3 months.
Income and Employment
One of the main risks that the Bank avoids is credit risk. Credit risk is a risk that has the potential to harm the Bank and the customer because the recipient customer of the credit facility fails to fulfill its obligations to repay the debt to the Bank, or often called bad credit.
To avoid this, the Bank will first verify your income, proof of validation required by the Bank, among others, is your salary slip. If your income is in accordance with the Bank’s standards and rules, the chances of your credit card approval are greater.
In addition, the Bank also assesses the type of your work. The bank will reconsider the submission of your credit card application, if it turns out that the Bank finds that you move frequently or your work is not permanent. This makes the Bank judge you as a person who has not been able to pay credit. Therefore maintain your current job status to facilitate the validation of your credit card submission.
In addition to paying attention to your income and work, the Bank will also determine a limit that matches your ability to pay, which is considered through your income nominal. So, the higher your income, the higher the credit limit the Bank will give. However, do not let you falsify your income data for a high credit limit , because the Bank will surely suspect you and can result in your application being rejected.
When you apply for a credit card application, you will be asked for some information, such as ID card identity, current address, telephone number or handphone , biological mother’s name, as well as some telephone number references. Make sure you fill in the data correctly and completely, especially in the telephone number reference section, make sure the telephone number you specified is the active number and can be contacted.
By filling in the correct and complete data, the process of submitting your application becomes smoother. Also make sure you know the rules that apply about applying for credit cards at the Bank.
For those of you who have used a credit facility from a bank, you need to be disciplined with your credit payments, because the Bank can monitor your credit history through the Lifewire Bank System and the Financial Information Service System (SLIK). If you are disciplined in paying your credit and there are no problems in your credit history, the Bank will assess your credit history smoothly and the chances of the Bank giving your application approval will be even greater.
However, if the Bank finds an indication that your credit history is not smooth or doubtful, especially if you have more than one credit card that is not smooth, then you need to be careful, because it could be that your credit card submission is rejected.
Again, this is related to the Bank’s actions to minimize credit risk.
The credibility of the company where you work
You need to know that the Bank not only can monitor and know your credibility, but the Bank also monitors the credibility of the company where you work. For those of you who work in a company that has good credibility, the chances of your credit card submission are likely to be approved.
However, if the Bank finds that the company where you work is a company with low credibility, the Bank will usually reconsider or provide additional conditions to you.
You need to know that when submitting a credit card, the Bank also assesses the transactions in your account, whether your account is active or passive, whether your account cashflow is suspicious, or whether you have indicated fraud or not. In addition, the Bank will also reconsider if you apply for a credit card, not at the bank where you save. It is better for you to apply for a credit card at the bank where you save, or where you receive a payroll from the company where you work.
Credit Card Submission Is Denied, Can I Re-Apply?
In principle, you need to prepare the documents and requirements requested by the Bank correctly so that your credit card application process is approved.
However, you do not need to be discouraged if your application is rejected, you can make a credit card application back to the Bank after a period of about 6 months. You need to be patient a little, because at that time the Bank was updating the rejected credit card submission data. To save time, you can also try submitting a credit card application online , but you can also try submitting it again through the Bank’s branch office if you feel more comfortable filing directly.