KBank tightens up on cards | Bangkok Post: business

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KBank tightens up on cards

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The credit card rejection rate at Kasikornbank (KBank) has surpassed 30% of the applications received per month due to consumers' lower debt servicing ability amid swelling household debt. 

Executive vice-president Chatchai Payuhanaveechai, without revealing precise figures, said the rejection rate represents only a marginal increase.

But he acknowledged that schemes such as government tax rebates for first-time car buyers have reduced consumers' ability to pay down their debt.

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