advikasharma
New member
Posting for the first time so hopefully I don't break any rules.
I've recently been rejected for credit card applications for NAB and ANZ (slightly fancy ones with lots of Qantas bonus points). ANZ actually called me and went through all the values I'd put in the application to make sure they were right, and then told me at the end of the call I was rejected. I'm kicking myself for not asking how much off I was and whether I could change something to get approved.
Is there a standard that most Australian banks use for deciding to approve or reject credit cards like income minus expenses equals X, and if X is greater than Y then you're approved? Or like X needs to be greater than the credit limit or something? I know they take into account other things like credit score, but I'm wondering if I should be aiming for an amount.
I'm not trying to be dodgy and lie or anything, but I could potentially refinance my mortgage to reduce payment amounts etc.
Thanks in advance for any info you have!
I've recently been rejected for credit card applications for NAB and ANZ (slightly fancy ones with lots of Qantas bonus points). ANZ actually called me and went through all the values I'd put in the application to make sure they were right, and then told me at the end of the call I was rejected. I'm kicking myself for not asking how much off I was and whether I could change something to get approved.
Is there a standard that most Australian banks use for deciding to approve or reject credit cards like income minus expenses equals X, and if X is greater than Y then you're approved? Or like X needs to be greater than the credit limit or something? I know they take into account other things like credit score, but I'm wondering if I should be aiming for an amount.
I'm not trying to be dodgy and lie or anything, but I could potentially refinance my mortgage to reduce payment amounts etc.
Thanks in advance for any info you have!