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.malcontent wrote: ↑Wed, 06 Jan 2021 4:59 pmIt 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
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 ~25kPNGMK wrote: ↑Thu, 07 Jan 2021 6:59 pmOP 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.malcontent wrote: ↑Wed, 06 Jan 2021 4:59 pmIt 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
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.annkim123 wrote: ↑Tue, 05 Jan 2021 4:58 pmHi 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 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.BananZ wrote: ↑Wed, 27 Oct 2021 1:17 amI 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.annkim123 wrote: ↑Tue, 05 Jan 2021 4:58 pmHi 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!
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.
Users browsing this forum: No registered users and 9 guests