Blank Credit Card Application: Fill & Download for Free

Do not leave it blank. A "credit reference" is any party with whom you have an ongoing payment relationship, not necessarily paid using "credit" or with a credit card.Incidentally, having a credit card or a credit account is not an "American cultural notion," nor does it mean spending money you don't have. Millions of consumers have credit cards for convenience only; they do not carry a balance and they do not "spend money they don't have."

Technically work or work technically?Depends on the software system driving the platform. There are many variants to the answer but I can give you a rough idea of how it works.The mag stripe contains magnetically recorded account data. Just like credit and debit cards. There are different tracks of data, generally track1, 2, 3. Each has a standard message format layout and is sometimes dependent on the industry or geographical deployment. A lot of the gift cards are similar because their card programs are being driven by companies like Black Hawk and such.A lot of closed loop gift card programs (non-bugged with Visa/MC/Amex logos) don't implement the security code. If it is a bugged card (visa, mc, amex, etc..) then the 3 digit code is just the standard CSC code. That number is generated with an algorithm when they generate the batch of card numbers and mount them into their platform.Transaction of funds can run the gamut. I assume you already understand the transaction processing flows. I have seen systems where the balance of funds sit with the business/merchant and other systems where it sits with the processor. Generally, if the card can only be used at one business/merchant then the funds should stay with them and it sits as a liability on their books dependent on their Nation/State laws relative to gift cards and other forms of stored value. If it is a multi-merchant business (pooled or open loop) then usually the money sits with the card program or the processor and not the merchants. I have seen rare cases in pooled and open loop systems where the merchants individually retain the loaded funds and the processor does net-settlement between all participants at EOD. I find that last model a bit risky and it is like trying to create V/MC all over again.As an experiment go buy a cheap USB mag stripe reader and swipe your credit, debit and gift cards directly into a text editor like notepad. The encoded data will be dumped in plain text for you to view.If you want to have even more fun you can get your hands on a card encoder and you can write the mag stripe data from any of your cards onto blank white card stock. In fact, you can do this with many credit cards. I have done it dozens of times. It can be a particularly amusing and interesting social experiment to go shopping with a blank white credit card or a gift card. Sales clerks tend to get a bit flustered but when the authorization prints out there isn't much they can do. Occasionally I have been refused service and have to pull out the original card.If you have any more questions, msg me. I wrote our gift card issuing/acquiring platform. Drives the standard issue plastic mag strip gift card applications and other derivatives.

The CIBIL score is a quick /ready reckoner but its just one of the items on a credit report. The credit report has sections for each debt you have currently or would have had in the past. It also has a section on enquiries for loans/credit cards. And the information on these sections can affect your credit worthiness.You say you have a credit score of 750 and your loan was rejected. Time to go through your report with a fine tooth comb for anything thats negative.Did you have any default on any of your loans / credit cards earlier? Does any of the records show settled/ willful default / written off? Each record in your CIBIL report will have a section as shown in the screenshot belowDays past due section: This section would show delayed payments beyond the due date. If the entries show any numeric data other than 000, then that is the number of days past due date when the payment was made. Now lets understand what that number means. It means you didn’t pay on/before the due date (though you ultimately paid up). As per law; and the contract signed on the application form; you defaulted on your payment and that counts as a negative. Remember those two pages of fine print that no one reads?Those contain all those terms and conditions.There is a “Default status” section for each record which shows if the account had one of these three red flags - Willful default, written off or settled.Willful default: The bank thinks that you defaulted on the payments willfully. Simple! No one else will trust you with credit.Written off Status: This can show “Written off” or “Settled” or be blank. If it shows “Written off”, the bank followed up with you for payments and finally wrote off the debt as unrecoverable. A big negative on your report. No lender with touch you even with a barge pole.If it shows “Settled” that means you were unable to pay, you negotiated with the bank and paid a part of your dues as a settlement amount. Once again this shows that you cannot be trusted to pay any debt in full. So no lender with give you a loan.One another section that most folks are unaware of is the “Enquiry Information” section at the end of the CIBIL reportAny loan application / credit card application would show up here. If there are too many loan / credit card applications that by itself is treated as a red flag as it shows that you are hungry for credit. Which could mean an issue with your finances. So please do not go for those free credit card offers and preapproved personal loans just because you got an offer. Each one of these applications show up on your CIBIL report and can affect your credit worthiness even though your CIBIL score itself is good (greater than 700/750)Upto this point I have answered your question. But that would leave you hanging. What next? Where do you go from here?If you have any willful default / written off / settled entries, contact your lender and say you want to pay off the amount and clear your report. They will calculate balance and interest due and give you a figure. Pay that amount and they will remove the adverse comment on your report. They will also clear the DPD section to show 000 or STD. IMPORTANT: Keep all communication in writing. Do not entertain phone calls. Any commitment or agreement on the phone does not have a record and is not legally binding. If you do not get response to your communication, write back with the email address of the ombudsman in the CC. Each lender is supposed to have an ombudsman and his/her contact details are to be provided on their website by law. Obviously this is not in the lenders interest so this will be in some obscure section. You would need to dig for this information. But it will be there.Stop applying for loans and credit card instruments. These affect your credit worthiness. First clear your records, wait for a few months and then apply only to one lender. Before applying, do your homework to check eligibility etc so you don’t end up applying and facing rejection and then having to approach other lenders in quick succession.