Just as every person's temperament and character are different, every individual's income, spending and payment habits are also different. For this reason, some people can shop without problems for a month with a card that has a 1,000 TL limit, while others can max out a card with a 10,000 TL limit in the first week.
Banks report customers' card limits, card debts, risk status and similar information through LKS or KRS notifications. As a result, a customer's limit and risk status can be easily determined.
If you have applied to a bank for a credit card and your application was not approved:
- The customer's KKB (Credit Bureau) score may be low
- A limit equal to four times the customer's income may already be in use on other credit cards (in this case, the bank usually informs the customer that one of the other cards needs to be closed or its limit reduced)
- The customer's loan/credit card debt payments may not be regular
- The customer may have debts under legal or administrative collection
Sometimes there can be errors in banks' KRS or LKS notifications. For this reason, if your card application was not approved, ask for detailed information on why it was not approved.
