Credit Card Approval
Credit Card Approval
AI Intermediate Level
- Submission
- Requirements
- Target
- Dataset
- Overview
Submission must include🔹
Data cleaning steps ✔️
Data preparation and preprocessing ✔️
Data visualization (graphs/charts) ✔️
ML Life Cycle application ✔️
Applying a suitable ML or DL algorithm✔️
Brief report (methodology + results + insights) ✔️
Key Takeaways🔹
Dataset: Credit Card Approval Dataset
Goal: Build predictive models to determine if a credit card application should be approved or rejected
Evaluation: Accuracy, precision, recall, and ROC-AUC score
📝 Task Requirements
To complete this task, each student is expected to go through the full machine learning workflow using the “Credit Card Approval” dataset from Kaggle. The following components must be included in your submission
Problem Understanding
Clearly define the objective: predicting whether a credit card application will be approved based on applicant data.
Data Preprocessing
Handle missing values, encode categorical features, and scale numerical ones appropriately.
Exploratory Data Analysis (EDA)
Perform EDA to explore patterns, distributions, correlations, and potential issues in the data.
Feature Engineering
Select, transform, or create features that help improve model performance.
Modeling
Apply the full ML Lifecycle and choose the most suitable ML or DL algorithm (e.g., Logistic Regression, Random Forest, XGBoost, or a Neural Network).
Justify your model choice based on performance and interpretability.
Evaluation
Evaluate the model using metrics like Accuracy, Precision, Recall, F1 Score, and ROC-AUC. Include relevant charts (e.g., confusion matrix, ROC curve).
Documentation
Submit a short report (PDF or Word) explaining your methodology, results, and insights.
Presentation
Each student must prepare a clear and professional PowerPoint presentation (PPT) to showcase their entire process and findings.
Target
The target variable in the Credit Card Approval Prediction dataset is
Approval_Status
This column represents whether a given credit card application was approved or not.
It’s a binary classification task.
Value | Meaning |
---|---|
Approved or 1 | The application was approved ✅ |
Not Approved or 0 | The application was rejected ❌ |
Dataset Description
Source: Kaggle – Credit Card Approval Prediction dataset by rikdifos
Format & Size: CSV file with around 1,000–1,100 records
Features: Includes demographic, socio-economic, and financial attributes such as gender, age, income type, debt levels, credit score, etc
Target: Approval_Status
— indicating whether the application was approved or not
Note
The dataset contains missing values
There may be class imbalance
Dataset downloaded
Credit card approval decision-making
Problem Statement
Credit card approval decision-making is vital in banking systems—requiring accuracy to minimize financial risk. This project aims to build an AI model to predict the likelihood of applicants being approved for a credit card, based on their personal and financial data
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