What Is Credit Card?
A credit card is a revolving credit facility issued by banks that allows individuals to make purchases, pay bills, or withdraw cash up to an approved credit limit without immediate payment. Users can repay the outstanding balance in full or in monthly installments, subject to interest charges if not fully settled.
Types of credit card
Rewards Credit Card
Earn points, cashback, or rewards for everyday spending such as groceries, dining, and online shopping.
Cashback Credit Card
Get a percentage of your spending returned as cashback, helping you save on daily expenses.
Travel Credit Card
Designed for frequent travelers, offering benefits such as air miles, travel insurance, and airport lounge access.
Possible Reasons for Credit Card Application Rejection
Low Credit Score
Poor CCRIS or CTOS records may affect approval chances.
High Existing Debt
High debt service ratio (DSR) may affect eligibility for new credit facilities.
Unstable Employment History
Short or inconsistent employment records may impact approval decisions.
Incomplete Documentation
Missing documents can delay or reject applications.
Insufficient Income
Applicants must meet the minimum income requirement set by the issuing bank.
Recent Credit Application Activity
Frequent recent loan or credit card applications may negatively affect your approval chances, as banks may view it as higher credit risk.
How Can We Help ?
Our consultants assist clients in selecting suitable credit card options based on their income profile and spending habits. We help compare different bank offers, guide application preparation, and improve approval chances for a smoother application process.