Asking for a credit card and not having it denied makes it much easier and increases our purchasing power. With it, you can walk without money and still take a product from an online or physical store to pay later.

But there are some people who despite trying, continue to be denied credit. Therefore, today we are going to raise some hypotheses that may explain why your credit was denied at some institution.

There are several reasons for you to have your credit card application denied. And let's face it, it's very annoying when that happens, especially after you've gone through several stages of the assessment.

Usually the denied request is due to the client's condition. This means that the company will evaluate your profile as they expect to be sure that there will be no default. For this, they assess whether there are debts on your CPF, your credit score, your payment history, etc.

On the other hand, there are some cards that do not take so much bureaucracy to be requested and are therefore easily accepted. But be careful with the interest rate they charge in case of late payments.

Having a credit card is great, but you need to be responsible with your purchases and debt. However, if you had your credit card application denied and you don't know why this happened, now we are going to give you some of the main reasons that are always decisive when a company grants you access to credit or not.  

Here you will know what you should do or what you should stop doing to finally get a credit card:

When you have overdue debts in your name or if you are on the records of credit protection agencies, such as SPC and Serasa, things get very complicated.

To apply for a card, you go through an analysis of your consumer profile, so if the bank verifies debts in your name, it may deny your credit application due to insecurity in not receiving what is owed to you. The logic is simple: “if this consumer has not paid this debt, will he pay the invoices for his possible new card?”.

This situation is decisive, having a dirty name can lead to the loss of many opportunities to acquire famous cards full of benefits. That way, the only way to get a reconsideration from the credit company is just to make the payment of your outstanding debt. So, on your next attempt, you can argue that you had a difficult financial period, but that has already been overcome.

Another problematic situation for having your credit card denied is having your name too clean. That is, if there are no records of any previous bill in your name. In this case, the card operator will have difficulty analyzing your knowledge and knowing whether or not you are a good payer, and may feel insecure about paying your debts.

The solution in this case is for you to register some bills in your name, such as the water bill, electricity bill and most importantly, pay them on time. This way the operator will know that you are active in the market and that there is a good payer record available to the creditor company.

Finally, it is not enough just to have a clean name in the square, you need to demonstrate that you are a regular consumer, and especially an excellent debt payer.

Each consumer in the market has a credit score, it is defined by a score that goes from 0 to 1,000 and is made by credit protection agencies such as SPC and Serasa. Late bills can mean a drop in your score, making it difficult to obtain financial transactions.

In addition, it is from your credit score that banks and companies evaluate you to find out if it is worth approving your credit application. With a low score, you may have your card application denied.

Whenever you're late or don't pay a bill, your name goes straight to Serasa and that's when your score starts to drop. In short, the score will define your chance of paying what you owe based on your market payment history.

If you are between 0 and 399 points, it means that you run the risk of being in default. Those between 400 and 599 points have an average risk. If your score is between these ranges, you will hardly have an approved credit card. But we do not rule out the fact that even with this score it is possible to have a card.

Now the points considered good are: those who are between 600 and 799 points represent on average 7 out of 10 Brazilians who pay their bills on time, so it may be easier to get credit.

Therefore, those between 800 and 1,000 points represent 9 out of 10 people who pay their bills on time, those who are in this range are seen as someone who has a low risk of default. Having not only high chances of getting a credit card, but also a great opportunity to take out loans with very low interest rates.

As has already been said, having a dirty name in the square is a problem that can be decisive for your credit disapproval. But what also represents risk is having a clean name and still having debts.

That's right, it's not because you have debts that your name automatically gets dirty. It turns out that some people have a clean name, but still pay their debts much more. This is due, for example, to the fact that the person only pays his debts late or enters the rotation of other cards.

This bad habit reflects on your consumer profile and also on your credit score. So your score will plummet and you are more at risk of not being able to access credit cards. And let's face it, no company will want a customer like that, to have to spend each month running the risk of not receiving their due payments.

This factor greatly interferes with the result of your profile assessment and the possibility of having your credit card denied. When companies access credit bureaus, they can see their payment history. This allows them to see if you've already defaulted on some debts.

After all, card companies analyze every present and past aspect of your financial life. If this is your case, it is possible to try to negotiate with the operator, again highlighting a difficult financial phase, but already overcome.

It is also possible that your credit card will be denied on the grounds that your income is not sufficient or adequate. According to experts, your card limit must correspond to a maximum of 30% of your income for it to be approved. Knowing this, before applying for credit, keep in mind the amount you are available to borrow, so if necessary, reduce your request.

Some credit operators even establish a minimum monthly income, so if you can't reach the amount they stipulate, getting a card will hardly be possible.

If your credit card application was denied by a bank, you can try to obtain the device from another financial institution. There are many companies that make it easier for you to obtain credit, even if you are negative, so the criteria for granting it vary from company to company.

But if you are self-employed and want to have a card, know that this is possible! There are ways for you to prove your income through bank statements and with your company's earnings. Therefore, look for ways to prove income by being self-employed and do not let the opportunity to have a card pass you by, as it can make your life easier when shopping for your company.

In any case, it is important to note that if your credit card application was denied, there may be no solution. Operators and banks are not obliged to reconsider their decisions, and you can continue with no alternative. But don't give up! The best thing to do in these cases is to keep your accounts up to date and try again in the following months.

Last but not least, incorrect information in the register may result in the non-approval of your card. When you provide incorrect or incomplete information to the bank, it ends up compromising your approval.

So, be aware that this could be due to a simple error, such as missing a letter in your name or something bigger, such as the incompatibility of your income information. That is, the inaccuracy of the income data you provided, when compared to the income indicated in the monthly paychecks.

If there is a discrepancy of information, you can just inform the finance company of the correct data. In this case, she should request more proof of this new corrected information that you brought, but nothing that causes difficulties for the consumer.

Therefore, it is extremely important to deliver to the bank the complete documentation that was requested. Because many times, credit is denied due to the lack of some declaration that you may have missed. So that in the credit analysis you can be denied the benefit for simply not committing to the clarity of providing all the requested information. 

You should already know that when applying for a credit card, the bank performs an analysis of your purchase history and financial profile. This process usually takes 30 days to complete and after that time the bank decides whether or not to issue the credit card to the customer.

The criteria for this evaluation being exclusive to the issuing institution. Thus, the basis for evaluation will vary from company to company, but there are the main criteria that are generally evaluated by all, they are:

These and other criteria are analyzed by the bank when making its assessment. Therefore, every detail of your profile that may compromise your payment in the future can be analyzed as a risk. And if you have a risk profile, you will hardly get a credit card.

Thus, if the customer has a history of debts (even if they are currently settled) the bank assumes that this customer has a high risk profile and can instead deny the request for the product or provide a low credit limit.

The customer who has a low risk profile is the one who usually honors all payments on time, they are the ones the bank approves the credit card application without blinking.