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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.

Reasons for YES Bank Credit Card Rejection

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

YES Bank Credit Cards’ Rejection Criteria

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.

Frequently Asked Questions

Does YES Bank Credit Card rejection affect credit score?

Yes, if your application for a new credit card from YES Bank is rejected, your credit score might take a hit as the bank will do a hard inquiry to assess your credit profile.

Is it hard to get approved for a YES Bank Credit Card?

As long as you meet the eligibility criteria for the particular YES Bank Credit Card you are applying for, getting approval is easy. Work on maintaining a good credit history, a low debt-to-income ratio, an excellent credit score, etc., to improve your chances of approval.

Can insufficient salary lead to YES Bank Credit Card rejection?

To be eligible for a YES Bank Credit Card, you must meet the salary requirements for the particular credit card. If you fail to do so, your credit card application can get rejected.

Are there any YES Bank ‘no rejection’ credit cards?

No, there are no special, ‘no rejection’ credit cards offered by YES Bank. However, if you meet the eligibility criteria, the chances of your YES Bank Credit Card application getting approved are higher.

What to do if a YES Bank Credit Card application is rejected?

If your YES Bank Credit Card application is rejected, it means that you did not meet the eligibility requirements. The next steps would be to review your application for errors, check your credit rating, reduce existing debt, ask the bank to reconsider, and then wait for at least six months before you re-apply for a credit card.

Why was my YES Bank credit card application rejected?

Possible reasons vary, including credit score, income, or incomplete documentation.

How can I check the status of my credit card application?

Log in to the application portal or contact YES Bank customer service for an update.

Can I reapply for a YES Bank credit card after rejection?

Yes, you can, but it is advisable to address the reasons for rejection before reapplying.

What credit score is required for YES Bank credit card approval?

A good credit score is typically preferred; check YES Bank's criteria for specific requirements.

How long does it take for the bank to communicate a credit card rejection?

You should receive a communication within a few weeks of submitting the application.

Can I appeal a YES Bank credit card rejection decision?

Contact YES Bank's customer service to inquire about the possibility of appealing the decision.

Are there specific income requirements for YES Bank credit card approval?

YES Bank may have minimum income criteria; check their eligibility conditions for details.

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