Not checking credit history

Once you apply for credit card, issuing company will check all the financial details.

There are higher chances of credit approval if your CIBIL score is 720 and above. Individuals with low scores can find it difficult as companies find them a risky bet with high chances of defaulting.

Low Income

Credit card companies will first look at your income and repaying capacity before approving a credit card. There is a certain limit, say of Rs 2.4 Lakh annual income.

A person can only apply for credit card, if his income is beyond the threshold limit. There are different types of credit card depending on your earning capacity.

Mistakes in Application

If you have made any mistakes in application such as leaving a box blank, or giving any false information, it can lead to rejection of the application. Make sure you fill all the details with proper care.

Address in default list

If you have defaulted on any kind of loan and your address mentioned in the form matches with an address in defaulters list, there are high chances that your application can be rejected.

Multiple Balance Transfer

If you have done multiple balance transfers with your earlier loan or credit cards, this can be a serious issue as banks and institutions are not happy with this process.

No credit history

This can also be a set back if you have not availed any type of loan and there is no credit history. As institutions may find it difficult to analyze your repaying pattern.

Age Factor

If you are a minor and not above the age of 18, you application will not be processed. Many senior citizens can also find it difficult to avail unless they show the proper source of income.