When applying for a credit card, the screening (審査) is always a major concern. While card issuers keep their criteria confidential, there are distinct reasons why applications get rejected. We share critical tips to help you pass the screening.
What Card Issuers Look At
- Applicant Attributes: Age, occupation, annual income, years of employment, and housing status.
- Credit History (クレヒス): Records kept by personal credit bureaus (like CIC in Japan) documenting past loans, credit card balances, and payment histories.
Tips to Increase Approval Rates
- Avoid Multi-Applying: Applying for multiple cards within a short span signals financial distress. Stick to 1 or 2 cards a month.
- Set Cashing Limit to Zero: Requesting cash-advance limits initiates stricter regulatory checks, raising the bar.
- Input Accurate Data: Typos or discrepancies on your application can trigger instant rejection.
- Pay Smartphone Installments on Time: Device installments count as loans. Missed payments will damage your credit score.