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Was your credit card application denied? What should you do? Can you call the reconsideration line?
In this video we go through an article from Motley Fool via Nasdaq about 5 tricks for dealing with credit card reconsideration lines after a denial for a new card. You need to speak to these people properly and know what to say to get them to reconsider your application. Many well known credit cards will reconsider applications even if you have been initially denied.
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39 comments
Guess who got approved Schwab Platinum and the Verizon Signature Visa last friday……. yaaaay.
Just got denied for Amex blue business plus and failed the reconsideration line too 😂. Rep said to reapply in 30 days
4th comment 🙂
Sometimes talkin’ with another human on the recon line just works better than those automated computers that love denials 😁💳
very informative! Thank You!
We need to talk about the girl at 0:13…
how do i check someone's credit score without SSN number?
i was asked by one of my roommates to check her credit report but she doesn't have a SSN, so most places or websites are useless to check her score.
p.s.
we tried asking the banks credit companies and they don't know either.
she's only got a quick silver card from capital one for like 4 years.
how can I apply for a business credit card?
for example I buy phones from swappa and then resell them to make a profit.
what numbers $ do I got to hit to actually apply for a business credit card?
I carry balances over my credit cards for the last month.
but I paid the whole statement balance so whatever I don't pay is the balance for the next statement is that a good idea?
you offer the YouTube creator academy program course i believe. in it do you teach how to report taxes from revenue that you make from YouTube?
i believe you're well inform that's why i asked you this questions thanks in advance.
this was delightfully amusing! Thank you! 😂
Call Bank of America up and not only could you not get approved for the card you want, there's a chance if the human doesn't like your profile, you stand to risk losing what you already have with them. Been there, done that. They didn't care for my AGGRESSIVE credit seeking habits. LOL! Took me a couple of years to get back in with those jokers. Customer for 19 years at the time, and yes, I have a decent amount of investments with Merrill as well as my personal and business accounts with them. It meant nothing…they closed my 2 BBR cards and stood firm on the Alaska Airlines denial.
Work on your credit from the beginning …. put some expenses and pay them before the due date to slowly build a credit score
In my experiences, The automated computers end up doing the final decision anyway. I've called the reconsidering lines many times before and the all reps just simply rerun my credit file on the computer again. If the algorithm denied you in the first place then there's no hope. I do have better experiences in sending them mail in letters tho. At least with written letters, I've actually got response from people who actually held power to make approval decisions.
Can you comb your hair? You look like a bum
When he said "Wha-hey" and the confetti came down, I saw myself beating Boogy in the sled race In Banjo-Kazooie haha
All this does nothing against 5/24
Perfect timing of this video- I had to call into Chase recon line today after being denied instantly for the CFU. It was due to having a high credit balance due from a recent purchase that just hadn't gotten paid off before I applied. I explained that I have paid it off at this point but they still cant see it yet because the payment hasnt been reported. The rep approved me after reviewing the activity they can see on my existing chase cards, then tppk part of the credit from an existing card to put towards this new card. My scenario was a relatively easy one to explain even though they couldnt see it just yet, but approved me anyway due to good track record with Chase. I also have a checking acct and mortgage with Chase.
Threatening bodily harm usually works for me lol – JK of course. I find that coming prepared to the phone call with provable facts and an "offer" to bring more business to the bank usually works. I remember getting approved for a NAB (National Australia Bank) card but the limit was puny ($1500) so I called and politely complained and they raised the limit to $5000 straight away. As long as your ducks are in a row, you should have a reasonably good chance of getting approved.
Car dealers do this all the time on your behalf with banks to get car loans, often something triggered on your credit that couldn't be verified or needs updating. Speaking to a human can fix this. Great tip I didn't think about it on credit cards
"I only need the card for 60 days to hit that signup bonus, then I'll be out of your hair."
I got a 75k welcome offer on the gold card and a 100k offer on the platinum card. i applied for both and got approved
I got denied for the freedom flex, then 1 month later I got approved with only 7 months of credit history and a 730 score by going into a branch and opening a bank account. The banker said i was then preapproved.
It really works. I explained my situation of unauthorized credit pulls they manually reviewed my account and approved me
I actually mentioned the bonus lmao
The dumbest video. Most people get denied for bad credit or being over extended cant talk your way out of that
These days, this approach seems to rarely overturn an outright denial. Most banks are sticking with the computer decision unless there is an error on your credit report or something.
where are the reconsideration numbers that you reference in the video?
Your advice is superb but I can guarantee you these idiots calling in will still f it up.
I watched this video the day before I applied for the chase sapphire reserve card… Got denied and if it wasn't for this video I would've thought that was the end of that. Waiting on my rejection letter to see why so I can call and hopefully get the card so I can use my points that I've been building for the last little over 2 years for some trips I have to take this spring.
What about UK 🇬🇧 people?
I started my credit card journey mid 2020 and I picked up 3 chase cards from May -November . Each time I had to call the reconsideration line 😭😭😭🥲😅 but I was able to talk my way into approval for each one. I didn’t wait to call tho, I called immediately after not seeing the “approved” screen. I just call and say “hi I was wondering if you needed more information from me” 😂😂 great video man, thanks for the tips.
"What do you mean I'm 16 cards over 5/24?"
Update to my earlier comment – I was approved today for the CSP. If it wasn't for the video I wouldn't have know I was able to be reconsidered. $5000 credit limit and I'm able to transfer my points out to get a free trip to Florida
the right source is here 🤗 I got my credit card 💳delivered to me thanks to *flashcardin* he’s very trustworthy and reliable 🤗
Where you on another YouTube channel ( not credit card stuff)????
I’ll make this real simple and plain for you guys. Apply in the bank let the banker know you really want to be approved and the banker will call up the reconsideration line for you. I just did this with chase the other day and the banker hoped on the phone immediately and got my auto denial flipped to an approval and now I’ve got the chase freedom flex.
I just did it!!! Denied for a chase signature visa business card. I opened a business checking account and applied for the business credit card at the same time. This is a new business and I already have a business credit card for my other business at $17k. I also have a personal cash rewards blue and green card for $8500. Called the reconsideration line chatted it up with the rep. She asked why do you need so many cards? Why have you applied so frequently? Tell me about your new business? What’s your “expected” revenue for the new business? What’s your main source of revenue? Total annual sales? She asked me to hold and said, “ I can’t get too aggressive with this credit line amount but I can approve you for $5k and you will receive your card in 7-10days!!!
I was polite, asked how her day was. She asked about mine too!!! Thanks this was a great video!!
I applied for freedom flex and it said they need a little more time then i call automated line gave me two week message.fingers crossed
Yeah I like it👌👍🏻👏