Fnb-Credit Card Application Declined

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Bilal_H687

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Hi,I recently turned 18 and have a fnb gold cheque account wanted to have a credit card(My Account Does Not Have Any Debits Going Out)so I put in an application to get a credit card.....it did get declined due to me being a credit risk(can anyone please explain me what this means)what's the way forward also?if I do owe any one money like bid or buy etc I never ever pay late (etc)
 
Fnb-Credit Card Declined

Hi,I recently turned 18 and have a fnb gold cheque account wanted to have a credit card(My Account Does Not Have Any Debits Going Out)so I put in an application to get a credit card.....it did get declined due to me being a credit risk(can anyone please explain me what this means)what's the way forward also?if I do owe any one money like bid or buy etc I never ever pay late (etc)
 
Do you have any debt?

If not, go get some.

Banks will only lend you money if you have a track record of paying it back.So you can be a multi millionaire but unless you have accounts, no one is going to lend you money.

Also - why do you need a CC?
 
Batista said:
Do you have any debt?

If not, go get some.

Banks will only lend you money if you have a track record of paying it back.So you can be a multi millionaire but unless you have accounts, no one is going to lend you money.

Also - why do you need a CC?
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Just feel it as good feature to have,I do do payouts from the card etc
 
Batista said:
Do you have any debt?

If not, go get some.

Banks will only lend you money if you have a track record of paying it back.So you can be a multi millionaire but unless you have accounts, no one is going to lend you money.

Also - why do you need a CC?
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Going to take a stab in the dark and say ebucks....
 
I HIGHLY recommend not getting a credit card. It seems very convenient and wonderful, but trust me, paying off interest incurring debt is just a ****ty way to spend your salary. You lose so much money paying off interest, you just dig yourself into a hole. I HIGHLY recommend not doing this.
 
Bilal_H687 said:
Hi,I recently turned 18 and have a fnb gold cheque account wanted to have a credit card(My Account Does Not Have Any Debits Going Out)so I put in an application to get a credit card.....it did get declined due to me being a credit risk(can anyone please explain me what this means)what's the way forward also?if I do owe any one money like bid or buy etc I never ever pay late (etc)
Click to expand...

Open a clothing account. You need to build a credit record.
 
Bilal_H687 said:
Hi,I recently turned 18 and have a fnb gold cheque account wanted to have a credit card(My Account Does Not Have Any Debits Going Out)so I put in an application to get a credit card.....it did get declined due to me being a credit risk(can anyone please explain me what this means)what's the way forward also?if I do owe any one money like bid or buy etc I never ever pay late (etc)
Click to expand...

Usually you have to be working in a permanent job for at least 6 months before the banks even think about giving you a credit card
 
UrBaN963 said:
I HIGHLY recommend not getting a credit card. It seems very convenient and wonderful, but trust me, paying off interest incurring debt is just a ****ty way to spend your salary. You lose so much money paying off interest, you just dig yourself into a hole. I HIGHLY recommend not doing this.
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Not if you settle it monthly by transferring your salary into it. You get more ebucks if using FNB or get more interest if using Captec...
 
backstreetboy said:
Not if you settle it monthly by transferring your salary into it. You get more ebucks if using FNB or get more interest if using Captec...
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True, but I am fairly sure the majority of people who get a credit card spend more on it than they can pay back in a month, hence incurring interest etc.
 
UrBaN963 said:
I HIGHLY recommend not getting a credit card. It seems very convenient and wonderful, but trust me, paying off interest incurring debt is just a ****ty way to spend your salary. You lose so much money paying off interest, you just dig yourself into a hole. I HIGHLY recommend not doing this.
Click to expand...

A credit card saved my ass more than a few times.

It completely depends on what type of person you are, if you cannot control your spending then yes I'd say it's a bad idea but a credit card can be a very useful thing if you can manage it.
 
UrBaN963 said:
I HIGHLY recommend not getting a credit card. It seems very convenient and wonderful, but trust me, paying off interest incurring debt is just a ****ty way to spend your salary. You lose so much money paying off interest, you just dig yourself into a hole. I HIGHLY recommend not doing this.
Click to expand...

I've had a credit card since the age of 19 without every paying any interest or spending more than I have.

Your comment only applies to those who has no self control.
 
PsYTraNc3 said:
I've had a credit card since the age of 19 without every paying any interest or spending more than I have.

Your comment only applies to those who has no self control.
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Such as the average 18 year old who just started working and sees a gold mine in resources?
 
You are 18...so the obvious question is do you even have a job?

Without that the odds of getting a CC is pretty damn low.

Why do you even have a Gold cheque account at 18?
 
Bilal_H687 said:
Hi,I recently turned 18 and have a fnb gold cheque account wanted to have a credit card(My Account Does Not Have Any Debits Going Out)so I put in an application to get a credit card.....it did get declined due to me being a credit risk(can anyone please explain me what this means)what's the way forward also?if I do owe any one money like bid or buy etc I never ever pay late (etc)
Click to expand...

If you are earning a salary every month a good start for credit history is starting an active account or 2,paid religiously
Good starter is a cellphone contract ( not a 1k/m iphone,a topup one if you are used to using prepaid ) or a clothing account. An actively used account paid up often will also count higher than an account sitting idle ( so don't sign up for 20 clothing accounts and never buy,that's risky behaviour since you have a large line of unused credit )
 
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