Why do banks don’t state the reason why they deny credit card application in the Philippines?

Question by madmicmar: Why do banks don’t state the reason why they deny credit card application in the Philippines?
I have been approved of credit cards before but there are specific banks I’d like to apply for a credit card but never was my application granted. You can’t say I’m not qualified cause I have been approved of 2 before. Do banks have different sets of standards in approving application? What’s annoying is why they do not specifically say the reason why I am declined.

Best answer:

Answer by Doctor Deth
they don’t give reasons for denial in any country – maybe you have too MUCH credit for your income if you already have 2 cards – why would you need a 3rd? you shouldn’t be carrying big balances on credit cards – that is a certain way to financial disasterof course unlike banks have different approval criteria – obviously these banks view you as risky and don;t want to assume that risk

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