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Anonymous
What to do if my Citi Cashback credit card application is rejected?
The bank asked why am I contributing to CPF, when I also pay medisafe (I have a company under my name), otherwise I don't know what could be the reason for rejection.
My credit rating is BB, and my HDB related loan has been paid on time for the last 12 months, according to the CBS report.
How can I find out the reason, or is there such a thing as appeal? The rejection email only thanked me, & not provide any option for response.
Thank you.
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The bank does not comment the reasons why your credit card application has been rejected. There are many factors that contribute the success of application.
Some considerations you might want to look at what's the basic requirement to apply a card: annual income has it been met.
If you are self-employed have you make enough contributions to cpf, as cpf contribution is one of the calculations to calculate your annual income.
There might be another possibility of personal credit exposure has exceed the limit against your annual income earn.
You can either try to aply credit card from another bank, or wait for your annual income increment in 1-3 years and try applying with new application on the same card again