Credit card is a prominent financial tool that is provided by many banks to their customers. Nevertheless, the operations related to credit card might seem quite tricky for novice users. There are different situations where the bank might turn down your request for issuing a credit card. A significant aspect that you must maintain carefully is your financial balance. Excellent financial stability can always increase the chances of securing a credit card.
One such credit card provider is Citibank, which has a vast portfolio catering to a wide variety of needs. If applied, you can track your Citibank credit card application status once you have submitted your application to the bank authority. Many people miss the opportunity of getting a credit card because they fail to fulfill the criteria related to it. Here, some preventive measures regarding the rejection of your credit card are discussed in details:
Keep Decent Credit Score
The primary thing that you need to have in order to avail a Citibank credit card is a good credit score. The bank will surely check your credit history before providing a credit card to you. You must expect more chances of rejection of your application if you are entirely a novice having no credit cards before. Even if the bank grants you a credit card on being a novice, they can check your financial history minutely.
Have a Stable Job
A stable job with a high salary can enhance the chances for you to get a Citibank credit card more easily. You can get your credit card quickly if the bank finds that you are working for an MNC or a reputed company or more than two years. So, you must only approach Citibank for a credit card if you are fulfilling this criterion.
Citibank can also issue a credit card to you if you are an entrepreneur and the turnover, as well as the profit of your business, satisfies the bank. This is another way you can prevent the bank from declining your application for a credit card.
Avoid having Multiple Cards
Some people take multiple credit cards from numerous banks to enjoy the rewards and conveniences they provide. Naturally, these people have a high income. However, Citibank might decline the request of the credit card if you already have several such cards with you.
Be Error Free
A natural yet dangerous problem that can lead to the declination of your credit card application is errors made in the application. While filling out the application form, you should be very careful to enter all the facts without any error. The bank can rightly decline your application if the facts like address, name of financial details are entered wrong. Moreover, you should not leave any entries in the application form empty. This can be another reason why you might fail to get a credit card from Citibank.
Not Matching the Eligibility
There are a handful of eligibility criteria that you must satisfy to get a credit card from Citibank. First of all, you must be atleast 21 years old to be eligible for a Citibank credit card. So, you must not approach for a credit card if you are below the minimum age. The bank can also check your annual income. This can be variable while applying for a particular card. Make sure that you are not into any massive debt if you are applying for a credit card. The best way you can prevent a situation of declination is by clearing all the pre-existing debts you have.
You must have a clear note that it is the will of the bank if they are willing to issue a credit card. In the cases of declination, you will get a clear letter from the bank’s side with the concerning message.
Using a credit card is an easy task and it can lead you to enjoy many conveniences on your daily expenses. Your ultimate responsibility is to have a proper financial balance in a specific period. You can always talk with the Citibank professionals regarding the credit cards if you are willing to take one. This can improve your chances to get the card sooner. Citibank credit cards are versatile, and you can get many rewards against their usage. It will be best to take a card that suits your preferences completely. You can get ample information about the rewards from the officials of the bank itself.
