Apply for 2nd credit card

[annkim123]

Hi guys, just wanna ask if anyone has been in the same situation as me. I got a amex credit card 4 years ago when I started working and around 2 years later I applied for a DBS Live fresh card but got rejected, didn't think much and moved on. Recently I applied for OCBC 365 CC and also got rejected so it got me thinking, is there a reason why I cannot get another CC? My income per year is about 80k now (70k 2 years ago), could it be not enough to handle 2 CCs? I am a foreigner, have never gotten loan/bankrupt and never missed payment for my amex card before. Both DBS and OCBC rejected with reason "cannot be disclosed". Thank you in advance!

[the observer]

Have you checked your credit score before?
If your application is recent, you’d still get to check it for free.

https://www.creditbureau.com.sg/

There’s no real reason to reject other than poor credit scores.

[malcontent]

It is unusual to get rejected by the major local banks provided you meet all the requirements.

If your credit is good, another reason could be that Amex already granted you a credit limit that is beyond what the new rules allow, which for your income level is 4x your monthly salary.

https://www.mas.gov.sg/regulation/expla ... edit-Cards

[PNGMK]

It is unusual to get rejected by the major local banks provided you meet all the requirements.

If your credit is good, another reason could be that Amex already granted you a credit limit that is beyond what the new rules allow, which for your income level is 4x your monthly salary.

https://www.mas.gov.sg/regulation/expla ... edit-Cards

OP this is most likely the reason. Another reason is that you maybe internally blacklisted for being a bad debtor before with those banks or their affiliates.

[leo.ph]

It is unusual to get rejected by the major local banks provided you meet all the requirements.

If your credit is good, another reason could be that Amex already granted you a credit limit that is beyond what the new rules allow, which for your income level is 4x your monthly salary.

https://www.mas.gov.sg/regulation/expla ... edit-Cards

OP this is most likely the reason. Another reason is that you maybe internally blacklisted for being a bad debtor before with those banks or their affiliates.

If my salary is 4k/month, then my max credit limit across all institutions is $16k? That’s weird cause when I was having a limit about 7k, I applied for DBS cc and they gave me 11k limit. In total my limit now is 18k. There was once that my limit was around ~25k

[BananZ]

Hi guys, just wanna ask if anyone has been in the same situation as me. I got a amex credit card 4 years ago when I started working and around 2 years later I applied for a DBS Live fresh card but got rejected, didn't think much and moved on. Recently I applied for OCBC 365 CC and also got rejected so it got me thinking, is there a reason why I cannot get another CC? My income per year is about 80k now (70k 2 years ago), could it be not enough to handle 2 CCs? I am a foreigner, have never gotten loan/bankrupt and never missed payment for my amex card before. Both DBS and OCBC rejected with reason "cannot be disclosed". Thank you in advance!

I am having same problem with you, recently I started using more on my DBS Live Fresh card, so I am getting a 2nd card for additional cashbacks.

Tried to apply for UOB Absolute Cashback Card (Amex) twice and both rejected. I can't get CBS free report too, they said bank hasn't enquiry my profile recently @@..
I am sure that I have meet their criteria.

After reading this thread, I realised that my DBS card is indeed near to 4x of my salary. I will try to update DBS's limit first and apply again.
Will update here if I've succeeded.

[malcontent]

Hi guys, just wanna ask if anyone has been in the same situation as me. I got a amex credit card 4 years ago when I started working and around 2 years later I applied for a DBS Live fresh card but got rejected, didn't think much and moved on. Recently I applied for OCBC 365 CC and also got rejected so it got me thinking, is there a reason why I cannot get another CC? My income per year is about 80k now (70k 2 years ago), could it be not enough to handle 2 CCs? I am a foreigner, have never gotten loan/bankrupt and never missed payment for my amex card before. Both DBS and OCBC rejected with reason "cannot be disclosed". Thank you in advance!

I am having same problem with you, recently I started using more on my DBS Live Fresh card, so I am getting a 2nd card for additional cashbacks.

Tried to apply for UOB Absolute Cashback Card (Amex) twice and both rejected. I can't get CBS free report too, they said bank hasn't enquiry my profile recently @@..
I am sure that I have meet their criteria.

After reading this thread, I realised that my DBS card is indeed near to 4x of my salary. I will try to update DBS's limit first and apply again.
Will update here if I've succeeded.

I noticed the same thing with with free credit report — either the credit issuer is not checking with the bureau, the bureau isn’t recording the check in their system, or the bureau is playing games — has to be one of the three.

Personally, I don’t care enough to pay for the report, so if they are not going to honor their word and provide a free one, they can shove it.

One thing I did discover as a foreigner, they use your passport — not your FIN for some strange reason. So, if you change your passport and get a new number, you’ve got to let the bureau know and provide copies of your passport so they can link them up. When I discovered this I was already on my 3rd passport here! Otherwise, it’s like starting new again, with no credit history. Can be a good thing if you had bad credit though!