Reconsideration Tactics?
Jun 27, 2011 | 8:53 pm
#1
Original Poster
Join Date: Mar 2011
Location: NYC
Programs: DL GM, Avis First, Hertz PC, Marriot Plat
Posts: 10
Reconsideration Tactics?
[not sure if this is an appropriate question actually. please remove if not, but I'm open to PM's with your thoughts on what I should do!]
Situation:
Last fall I opened a Marriott Premier rewards card, with Chase, and a few months ago I opened a CO onepass plus, also with Chase, for 50k, no annual fee.
Recently I received a targeted offer for a UA mileage plus signature visa, 50k sign up after first purchase, waive annual fee for a year, with Chase.
I have great credit (score was 740+ post-CO card), but I will admit I think Chase has given me a lot of credit on those first 2 cards relative to my salary. Chase denied me on the UA card because "too many requests for credit or opened accounts" - this makes sense, given I recently opened two other cards.
I call up chase, hoping to reduce some of my credit line, and reapply. The woman says i can do that, and she starts asking me how much I want to reduce the credit lines. I ask to confirm the card offer details - she couldn't so she puts me over to customer service to confirm.
Customer service confirms that as long as its a resubmission, not a new submission, then the offer details remain.
They send me back to the reconsideration line, and I get a different woman. I reexplain what I'd like to do, she seems to understand. She asks me for my application info again, and puts me on hold...little did I know she was submiting it for reconsideration!!!! she never asked me/gave me a chance to reduce my credit limits....
She comes back on and says the same problem - too many requests.
Thoughts? Can I try again for reconsideration? Or are all these reconsiderations killing my credit history??
Situation:
Last fall I opened a Marriott Premier rewards card, with Chase, and a few months ago I opened a CO onepass plus, also with Chase, for 50k, no annual fee.
Recently I received a targeted offer for a UA mileage plus signature visa, 50k sign up after first purchase, waive annual fee for a year, with Chase.
I have great credit (score was 740+ post-CO card), but I will admit I think Chase has given me a lot of credit on those first 2 cards relative to my salary. Chase denied me on the UA card because "too many requests for credit or opened accounts" - this makes sense, given I recently opened two other cards.
I call up chase, hoping to reduce some of my credit line, and reapply. The woman says i can do that, and she starts asking me how much I want to reduce the credit lines. I ask to confirm the card offer details - she couldn't so she puts me over to customer service to confirm.
Customer service confirms that as long as its a resubmission, not a new submission, then the offer details remain.
They send me back to the reconsideration line, and I get a different woman. I reexplain what I'd like to do, she seems to understand. She asks me for my application info again, and puts me on hold...little did I know she was submiting it for reconsideration!!!! she never asked me/gave me a chance to reduce my credit limits....
She comes back on and says the same problem - too many requests.
Thoughts? Can I try again for reconsideration? Or are all these reconsiderations killing my credit history??
Last edited by RunOrFly; Jun 27, 2011 at 9:00 pm Reason: misposted
Jun 28, 2011 | 1:18 am
#2
Join Date: Mar 2011
Location: USA
Programs: All of em...
Posts: 1,269
Just call back. From reading your description, I would have no reason to believe they pulled your credit report again. So no, it's not hurting your credit history.
Call back, discuss shifting credit limits, and it should work itself out if they want to give you the card.
Call back, discuss shifting credit limits, and it should work itself out if they want to give you the card.
Jun 28, 2011 | 10:52 am
#3
Join Date: Oct 2010
Location: NY
Posts: 185
Ya this is totally based on the amount of credit you have with chase. I have gotten a letter in the past from Chase saying that they will not give me more credit and if I want a new card I will need to close a card or move credit from one card to the new card.