Credit Card Reconsideration
Credit Card Reconsideration Tips & Strategy
Most consumers don’t know that credit card reconsideration is even possible. Many people think the initial denial on a credit card application is final. Thankfully that isn’t always the case. It is possible with just about every bank to “plead your case” in an effort to overturn their decision. Sometimes you are able to speak to someone live who can help and other times you need to request an escalation. This post will arm you with the information you need for a successful credit card reconsideration experience.
Credit Card Reconsideration Phone Call
No matter which method of credit card reconsideration you choose, here are some useful tips to maximize your chances of success based on my experience:
- Be polite, professional and concise.
- Know the benefits of the card you are applying for and why you want that card.
- Address any concerns the bank has head on, but in a respectful way.
- Offer to shift credit lines and/or close existing cards if you really want an approval. Show them that the card itself is important, but that you are not desperate for new credit.
- If you ultimately are still denied, fully understand the reasons why so you can improve the chances of your application being approved the next time.
Additional Resources
- The Credit Card Reconsideration Letter – What to Include & A Sample
- Credit Card Reconsideration Strategies When Calling In Fails
- Multi-Bank Guide Reconsideration Phone Numbers
Conclusion
If you have recently been denied for a credit card, then know that there is still a chance of gaining an approval via credit card reconsideration. While it doesn’t always work, by going through the reconsideration process, you will learn more about how banks work and what they are looking for in their customers. No matter whether it results in an approval or a denial, the credit card reconsideration experience will ultimately help you down the line with future applications.
Do you have any credit card reconsideration stories and/or questions? Feel free to share in the comments!
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[…] Going from Denial to Approval in Credit Card Reconsiderations […]
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3 1/2 years out of bankruptcy, 675 experian score with no late payments and 30K open on Capital One, Discover, Santander and Merrick. Chase outwardly denied me for a card. Reason: Bankruptcy. Mind you, I have had two good car loans with them pre and post Bankruptcy. I was denied for the Chase Slate card.
[…] Credit Card Reconsideration […]
How long afterwards the application can I asked for a reconsideration?
You can call right away. It really depends on the bank though. With some banks it is useful to call right away while with others waiting is best.
I got denied by chase for the freedom card. First time applying. I’m building my credit from a bankruptcy 2 years ago. I’m not giving up.
2 years in a bankruptcy is relatively close. Chase is hardcore on bankruptcy’s. Try other banks first you will probably receive the same denials. At this time secured cards which can convert to regular cards and store cards are your better options
Try Capital One. They were the first to offer me credit again and it was pretty soon after chapter 13
Wife applied for the Arrival+ and was approved. Then applied for a Frontier card to combine pulls. We live in Frontier’s hub of Denver, so I thought this would be a great reason to get the card. Agent kept explaining that she had too many recently opened cards, and they wouldn’t budge. No big deal since we already got the A+ approved, but there are tons of Frontier flights from Denver and it would’ve been nice now that it’s $400+ RT to fly from Denver to anywhere in Florida these days.
Thank you for this valuable info. Both my husband and I have been turned down by Chase for “too many cards open” …the letter mentions there will be no reconsideration. ?
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