Shocking news for credit card customers .. Banks are no longer getting cards so easy ..! – Banks on new credit cards

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A credit card that is prone to financial difficulties is no longer a burden. Getting a new credit card is no longer easy.

Getting New Credit Cards Becomes Tougher

Banks on new credit cards : A credit card that is prone to financial difficulties is no longer a burden. Getting a new credit card is no longer easy. The banks are already preparing to implement the new rules. Credit card usage is on the rise in the wake of the corona epidemic. Currently online transactions outnumber cash transactions. This has led to an increase in the use of credit cards for their personal needs. Accordingly, shopping malls, e-commerce and banks are attracting customers by announcing various offers on credit cards. With this, they are not able to repay the loan after buying the goods whether they need it or not. As a result, even the banks are suffering losses in the long run.

However, it seems that banks are preparing new proposals to overcome the financial difficulties. Information that at such a time banks have made a crucial decision in the matter of credit card. Getting credit cards may not be easy for consumers anymore. With the current presence of credit card holders the limit on credit transactions will be reduced and the CIBIL score of those who want to take a new card will be mandatory. It seems that banks have recently decided to give credit cards only to those who have a good CIBIL score. Banks take into consideration the credit score of the customers before granting loans in the bank. Information that this idea is doing with the increase in arrears last year.

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