Debit cards are used by the vast majority of Russians. Paying with them is often more convenient and profitable than with cash: you don’t need to carry a handful of change in your pockets, and the issuing bank can accrue cashback and bonuses for each purchase. You can pay even without having the “plastic” with you: the vast majority of retail outlets and organizations allow payment by QR code or by phone – for example, via Mir Pay.
When issuing debit cards, banks usually do not study the borrower's credit history and impose a minimum of requirements on the client. But sometimes they still refuse to issue a payment instrument. Including on the basis of the requirements of current legislation. Let's talk about the possible reasons for refusing a debit card and how to find a way out of this situation.
Why a bank may refuse to issue a card
Usually, even the specialist who accepted the application exit mobile number database from the client cannot name the reasons why issuing a payment instrument becomes impossible. The whole point is that banks have the right not to provide the relevant information.
Sometimes employees point out the risk of refusal at the application stage, noting the lack of necessary documents and data, the client's age not meeting the minimum threshold, and other obstacles. However, more often than not, specialists remain silent. Therefore, it is worth considering the reasons why a debit card is most often refused.
Non-compliance with requirements
It is usually easier to apply for a debit card than a credit card. However, the bank is obliged to follow the requirements of the current legislation and its own security policy. Therefore, the client must meet a number of criteria.
These include:
Age – by law, you can open a bank account and order a debit card from the age of 14. “Children's” payment instruments, which are offered by some issuers, are issued to adult parents or guardians. At the same time, some cards can only be ordered upon reaching the age of 18.