Don’t give up when you are denied – call reconsideration line.
Getting rejected for a credit card is always frustrating especially if you are on hard times. However, many banks have a credit card application reconsideration line you can call to talk out your case.
When you apply for a credit card (or for several credit cards) the credit card issuer runs your application through a couple of levels of analysis. The first level is a computer program check where your application gets “yes” or “no” or is held for further analysis. That’s when an actual human comes on stage. Banks have analysts going over applications that are more complicated to make the final decision.
However, this final decision can be reconsidered if you call the reconsideration line shortly after receiving a negative response. Reconsideration lines are usually staffed by rational, patient and friendly analysts who will go over your application with you. They will explain why it was red-flagged, point out the issues and can either to speed up the acceptance or give you specific reasons of why you are declined.
So, even if the first answer was “no”, you can turn it into “yes” after you talk to a representative. Calling a reconsideration line is your chance to tell them why you should have the credit card you applied for. Remember, credit card issuers generally want people to get approved for cards. So, even if you had a lot of inquiries or bad credit issues in the past, it is always possible to get approved.