Top 10 reasons for credit card rejection
Low level of income
The credit card companies have restricted the sale of credit cards due to the hike in the card defaults. Now credit card is offered to people who have income above a certain level mostly above 2.4 Lakhs annually. Banks also look at your spending power, the money which you have at your disposal for making card purchases. If you do not earn sufficient as per their own norms, they would not like to make you a credit card client.
