Credit Card Reconsiderations

If you are playing the travel hacking credit card game, you may run into initial denials due to activity.  I say initial denial because you can always ask to be reconsidered.  I recently applied for the Chase Sapphire card.  I really wanted this card because you can transfer points from Chase Freedom accounts to Chase Sapphire and then on to an airline account.  I applied and waited.  I called back about 3 weeks after I applied and there still wasn’t a decision.  They told me that it sometimes take a month to get an answer.  So I called back at one month and unfortunately I was told I was denied.  I asked them if they could transfer me to the department that makes the decision on cards so I could understand why I was denied.

The lady in the reconsiderations department was very friendly.  I explained that I was denied and told her that I was wondering why.  She said it was because I opened 2 cards with Chase in the last 9 months and I had several inquiries.  I asked her if there was a way that I could be reconsidered.  She said I could be if I closed one of the 2 cards that I opened in the last 9 months.  Not a problem for me at all because I didn’t want those anymore.  So I asked her to close one and do a reconsideration.  It took less than 5 minutes and she came back and said I was approved!  Woohoo!

So if you ever get an initial denial, don’t give up.  Always call the credit card company and ask for a reconsideration.  Usually you can get an approval if you do one of the following:

  • Transfer part of a credit line from an existing card (this is the best option, since it allows you to age your credit with the existing card)
  • Close an existing card

Ask the representative if there is a way you could be reconsidered.  Based on the reason for your denial, they may be able to offer a suggestion.

Here are a couple of Chase numbers that are useful to know:

  • (800) 432-3119 – Application Status: Use this number to check on the status of your application.  It’s an automated system.  You’ll either get a message saying you’ve been approved or it’s still under consideration.  If you don’t want to wait on a decision, they have an option to talk to a representative and you can usually get a decision made that day.
  • (888) 245-0625 – Application Reconsideration: Use this number if your application has been denied and want to be reconsidered.

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