YES Bank Credit Card Rejection

With a YES Bank Credit Card, you get access to numerous benefits and rewards. However, before you apply for a credit card, you must ensure that you meet all the eligibility requirements. If the bank executives find your application does not meet the set criteria, it can just get rejected. It is, therefore, important to be aware of the various factors that contribute to YES Bank Credit Cards’ rejection. It is also imperative for you to check the YES Bank Credit Card eligibility criteria required before applying.

The Bank may or may not provide an exact reason for YES Bank Credit Cards’ rejection. In case it does not, here are some of the common reasons for which your application can be declined:

• No stable employment

• Insufficient income

• Low credit score

• Employment in a delisted organisation

• Age limit criteria not met

• Residential address mapped to the defaulter list

• Ownership of multiple credit cards

• Issues in the credit report

• Frequent requests for credit cards

If your YES Bank Credit Card application is rejected, it could be because of one or more of the reasons mentioned below:

• Unstable Employment

If you have unstable employment and find yourself changing jobs too often, the bank might not consider you to be a dependable borrower and reject you.

• Insufficient Income

If your monthly income is lower than ₹40,000 (which may vary from card to card), the bank may decline your request.

• Low/Bad Credit Score

Higher the credit score, higher is your creditworthiness. So it is important to ensure your credit score is not low when applying for a credit card.

• Employer Not in the Approved List

If your company is a private establishment not mentioned in the bank’s list of approved employers, YES Bank may consider your job to be unsecured and, thus, reject your credit card application.

• Age Limit

If your age doesn’t fall within the prescribed limit, i.e. 21 to 60 years, YES Bank may reject your application for a new YES Bank Credit Card.

• Residential Address in Defaulter List

If your address is mentioned in the defaulter list, your YES Bank application is quite likely to get rejected.

• Multiple Credit Cards

If you own multiple credit cards as per your credit report, the bank may consider you as a credit-hungry borrower and reject your application.

• Credit Report Issues

Late payments, defaults, discrepancies, and terms such as ‘Settled’ or ‘Written-off’ on your credit report work negatively and can lead to the rejection of your application.

• Multiple Applications

If there are too many hard inquiries for credit cards on your credit report in a short period of time, the bank might not consider you capable of handling your finances without additional funds and reject your application.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.