SUCCESSFUL RECONSIDERATION CALLS
Have you recently applied for a credit card and were denied? Did you know there was a way to call lenders to be reconsidered for a credit card approval? There is no straight forward rule when making successful reconsideration calls. If your application status is still pending you may want to wait until a decision has been made before making the call & besides there may be a chance you will still be approved. When you are denied you now can call for reconsideration. Sometimes it is also beneficial to wait to call until you receive the rejection letter in the mail with the detailed reason you were denied. There is no set time when to make a reconsideration call but keep in mind you only have 30 days from when you applied to try to make successful reconsideration calls.
PREPERATION IS THE KEY TO SUCCESSFUL RECONSIDERATION CALLS
Before making the call to Chase, American Express or any Creditor that you were denied for review a copy of credit report that way you already know if there is an issue they may bring up during the call. If possibly take time to you build your credit score and repair any existing issues you may have prior to calling. Find out which bureau the company is pulling from to know which credit report to review. Be prepared to explain why your credit report has any of the negative items it may have or if there are too many recent inquiries the company will want to know why. Have confident and well thought out answers!
LEAD THE CALL & IF YOU HAVE GOOD CREDIT TALK ABOUT IT.
When making successful reconsideration calls compliments go a long way! During the call Be sure to tell Chase how much you LOVE your existing relationship or tell American Express of all the amazing things you have heard they offer their customers. People that make successful reconsideration calls have strategies on hand they will use during the call if you already know why you were denied. Since you have taken the time to review your credit report you will be able to lead with solutions. Just be sure to take control of the conversation have an answer before they even ask a question.
TO MAKE SUCCESSFUL RECONSIDERATION CALLS YOU MUST KNOW WHY YOU ARE APPLYING
Make sure you know the card benefits and rewards for the specific card your applying for whether its for Chase, or American Express know the difference so you can make your case. Emphasize the reasons for wanting this type of card. Highlighting all the things you LOVE about the card and how you plan to use it can be helpful. Some examples include cards without and annual fee, cards with 0% introductory APR, cards with no foreign transaction fees, cards with travel rewards and miles… (Best credit cards for 2020)
SUCCESSFUL RECONSIDERATION CALLS ARE ALL ABOUT LEVERAGE.
If you have an existing relationship you are more likely to get approved for a credit card with them. Make sure you express how loyal and profitable you are to their institution. And if you have excellent credit history with them and a good credit score don’t forget to remind them of that! If you have a card already with the lender and are making the call for reconsideration of a different card be sure you have used the card in the recent months sometimes they deny based on the fact you may not have used the existing card you already have.
SUCCESSFUL RECONSIDERATION CALLS ARE ABOUT BEING POLITE DURING CALL!!!
Want that Chase, or American Express card Kill them with kindness. When making successful reconsideration calls it is so important you call calm and polite with the representative. As you should be polite in all aspects of life lay on the sweetness little thicker for a successful reconsideration. If you follow all the above tips you will have no problem turning a credit card denial from Chase, American Express or any other credit card that denied you into an approval with these tips!
For your reference below are some of the most popular credit card issuers and their credit card reconsideration line:
- American Express 1-800-567-1083
- Bank of America 1-866-422-8089
- Barclays 1-866-408-4064
- Capital One 1-800-625-7866
- Chase 1-800-945-2006
- Citibank. 1-800-695-5171
- Discover 1-800-347-2683
- U.S. Bank 1- 800-947-1444
- Wells Fargo. 1-800-869-3557