fredgyc wrote: My credit card score is like 730 and I only have one account open and one credit card by Bofa. I signed up for chase sapphire preferred and I was obviously denied (stupid move). Then waited 2 months and applied again for chase freedom visa and I was denied due to low credit history and only having one account open. I called the backdoor number 2x and still got denied. What should I do? I really want this card. Plzz help thank you!!!
If you called the back door number, you likely spoke to a Credit Analyst. These are the people who look at your file and actually make a decision. What did they say was the reason for you being denied?
When Chase denied me for a CLI, I spoke with an Analyst. We talked about my derogatory accounts and what the reasons were for denying me. She pointed out that I had a couple of new open accounts, not much other history with credit cards, and said that "Chase likes to see how you do with new credit before giving you more." She suggested I try again when these accounts had been open for six months or a year.
It sounded reasonable to me. So I waited until the six month mark and tried again. It worked; I got a sweet CLI! I used that advice as I continued to repair; resisting app sprees, and upgrading accounts rather than replacing them. It has worked in my favor; from 530 to over 800, from 300 in credit to fifty grand, in a few short years.
In my experience if the backdoor number tells you "no," listen to why you were denied, and wait to try again until you have fixed that issue, and learn from it.
