Predictive Analysis of Credit Card Assessment System

Abstract – Credit card is a payment card that allows consumers to borrow funds from a bank or financial institution to make purchases or with draw cash. The cardholder can use the credit card to make purchases up to a certain limit, called a credit limit, and then pay back the borrowed amount at a later time, usually with interest. credit card approval system is a process that a bank or financial institution uses to determine whether to approve or deny a credit card application. This system involves a series of checks and evaluations to assess the applicant's creditworthiness and ability to repay the credit card debt. Credit card approval systems rely on credit reports and other data to assess an applicant's creditworthiness. However, this data can sometimes be inaccurate or outdated, leading to incorrect decisions and denials of credit. Approval of credit card application is one of the censorious business decision the bankers are usually taking regularly. Credit assessment involves predicting applicant reliability and profitability.