topic Re: Recons in Credit Cards

Recons

twist7d7 — Thu, 06 Mar 2014 00:50:07 GMT

so how does a recon work? what questions do they ask you? or is it more of a hi my name is *** and i would like to get card *** you should give it to me because i say i am a good person.

Re: Recons

Leadberry — Thu, 06 Mar 2014 01:04:29 GMT

@twist7d7 wrote:
so how does a recon work? what questions do they ask you? or is it more of a hi my name is *** and i would like to get card *** you should give it to me because i say i am a good person.

The questions analysts may ask will vary depending on the institution's reasons for denying you. You tell them you want them to manually review the application, and when they see something they don't like, they'll ask you to explain yourself. If you give them an explanation that they feel is sufficient, they may decide to overturn the denial.

Re: Recons

twist7d7 — Thu, 06 Mar 2014 01:06:35 GMT

thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.

Re: Recons

Leadberry — Thu, 06 Mar 2014 01:07:37 GMT

@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.

What makes you think you'll need to recon? What's your income?

Re: Recons

twist7d7 — Thu, 06 Mar 2014 01:11:57 GMT

@Leadberry wrote:
@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.
What makes you think you'll need to recon? What's your income?

Short history. and ~30k but can only prove about 25k in about two years i will be making alot more 75k and up

Re: Recons

Leadberry — Thu, 06 Mar 2014 01:27:42 GMT

@twist7d7 wrote:
@Leadberry wrote:
@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.
What makes you think you'll need to recon? What's your income?
Short history. and ~30k but can only prove about 25k in about two years i will be making alot more 75k and up

$30k is right around the minimum for CSP AFAIK. More than anything, I think your issue will be the $5k minimum CL required for the CSP. The short history and small CL's don't help you there. Someone more up-to-date on Chase's UW requirements will have to chime in on whether you have enough history to make the app worth it.

Re: Recons

twist7d7 — Thu, 06 Mar 2014 01:30:19 GMT

@Leadberry wrote:
@twist7d7 wrote:
@Leadberry wrote:
@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.
What makes you think you'll need to recon? What's your income?
Short history. and ~30k but can only prove about 25k in about two years i will be making alot more 75k and up
$30k is right around the minimum for CSP AFAIK. More than anything, I think your issue will be the $5k minimum CL required for the CSP. The short history and small CL's don't help you there. Someone more up-to-date on Chase's UW requirements will have to chime in on whether you have enough history to make the app worth it.

good points im going to wait for my amex 3x CLI and then app. i figured if they see I have AMEX PRG and BCE they might consider it.

Re: Recons

B335is — Thu, 06 Mar 2014 01:42:31 GMT

@Leadberry wrote:
@twist7d7 wrote:
@Leadberry wrote:
@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.
What makes you think you'll need to recon? What's your income?
Short history. and ~30k but can only prove about 25k in about two years i will be making alot more 75k and up
$30k is right around the minimum for CSP AFAIK. More than anything, I think your issue will be the $5k minimum CL required for the CSP. The short history and small CL's don't help you there. Someone more up-to-date on Chase's UW requirements will have to chime in on whether you have enough history to make the app worth it.

I would just add to only use your provable income on the app.

Re: Recons

twist7d7 — Thu, 06 Mar 2014 01:45:17 GMT

@B335is wrote:
@Leadberry wrote:
@twist7d7 wrote:
@Leadberry wrote:
@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.
What makes you think you'll need to recon? What's your income?
Short history. and ~30k but can only prove about 25k in about two years i will be making alot more 75k and up
$30k is right around the minimum for CSP AFAIK. More than anything, I think your issue will be the $5k minimum CL required for the CSP. The short history and small CL's don't help you there. Someone more up-to-date on Chase's UW requirements will have to chime in on whether you have enough history to make the app worth it.
+1

I would just add to only use your provable income on the app.

wasnt planing on it. BUT does chase FR or only amex?

Re: Recons

B335is — Thu, 06 Mar 2014 01:49:58 GMT

@twist7d7 wrote:
@B335is wrote:
@Leadberry wrote:
@twist7d7 wrote:
@Leadberry wrote:
@twist7d7 wrote:
thanks im planing on a CSP app soon and feel like im gonna need a recon so i want to go in prepared.
What makes you think you'll need to recon? What's your income?
Short history. and ~30k but can only prove about 25k in about two years i will be making alot more 75k and up
$30k is right around the minimum for CSP AFAIK. More than anything, I think your issue will be the $5k minimum CL required for the CSP. The short history and small CL's don't help you there. Someone more up-to-date on Chase's UW requirements will have to chime in on whether you have enough history to make the app worth it.
+1

I would just add to only use your provable income on the app.

wasnt planing on it. BUT does chase FR or only amex?

I haven't experienced it personally probably since I primarily bank with Chase, but they can and will. Chase usually just shuts down the account/s and revokes the points.

Re: Recons

twist7d7 — Thu, 06 Mar 2014 01:52:58 GMT

I haven't experienced it personally probably since I primarily bank with Chase, but they can and will. Chase usually just shuts down the account/s and revokes the points.

Well we dont want that. Guess ill be putting 25k down on the app. I was planing on getting the CSP and then PC to CS when it comes time for the AF. Im basicaly In this for the signup bonus and then getting the CS.

Re: Recons

B335is — Thu, 06 Mar 2014 02:16:15 GMT

@twist7d7 wrote:

I haven't experienced it personally probably since I primarily bank with Chase, but they can and will. Chase usually just shuts down the account/s and revokes the points.
Well we dont want that. Guess ill be putting 25k down on the app. I was planing on getting the CSP and then PC to CS when it comes time for the AF. Im basicaly In this for the signup bonus and then getting the CS.

Yeah I got mine for the bonus too. I applied in the bank since they offered a lower spend to hit the bonus.

Re: Recons

twist7d7 — Thu, 06 Mar 2014 03:33:11 GMT

yeah i dont have liquid 10k that i could just open a new account with at the time. maybe in 2 years when my bonds mature.

Re: Recons

Anonymous — Sat, 09 Aug 2014 17:04:31 GMT

I'm having problems with the reconsiderations. I've never been successful at them. I haven't tried but a few however, the experiences I am reading about online don't seem to be what happens to me whether or not I use a backdoor number or the number on the denial. Same outcome. So far my experience has been them reading my denial and not listening to me or asking me any questions. I don't know what I'm doing wrong. When I call in, I tell them I would like to be reconsidered on my denial and they ask for my ssn and from there I get no where. Should I be asking for a manager? Is there a specific reconsideration department? One place told me they don't have "an application department" so there is nothing anyone could do. One sounded like I was in a call center in India and that person was VERY belittling toward me despite that I was very polite to him.

Can someone break this process down for me? What do I say? How do I ask? How do I know when I am talking to the right department or person? Should I persist if the person says they cannot help me? Continue asking for supervisors? I really am unsure of the process to do this from start to finish.

On the brighter side, I got a Cap Sparks (I own a design business since 2006) with a small $500 limit and a Kays card for $1000 - it's all a start and I'm thankful I got those! I don't seem to be able to get approved for a secured card though which seems very weird to me.

Re: Recons

Closingracer99 — Sat, 09 Aug 2014 17:06:55 GMT

@Anonymous wrote:
I'm having problems with the reconsiderations. I've never been successful at them. I haven't tried but a few however, the experiences I am reading about online don't seem to be what happens to me whether or not I use a backdoor number or the number on the denial. Same outcome. So far my experience has been them reading my denial and not listening to me or asking me any questions. I don't know what I'm doing wrong. When I call in, I tell them I would like to be reconsidered on my denial and they ask for my ssn and from there I get no where. Should I be asking for a manager? Is there a specific reconsideration department? One place told me they don't have "an application department" so there is nothing anyone could do. One sounded like I was in a call center in India and that person was VERY belittling toward me despite that I was very polite to him.

Can someone break this process down for me? What do I say? How do I ask? How do I know when I am talking to the right department or person? Should I persist if the person says they cannot help me? Continue asking for supervisors? I really am unsure of the process to do this from start to finish.

On the brighter side, I got a Cap Sparks (I own a design business since 2006) with a small $500 limit and a Kays card for $1000 - it's all a start and I'm thankful I got those! I don't seem to be able to get approved for a secured card though which seems very weird to me.

Some don't do Recons like Discover or Amex

Re: Recons

B335is — Sat, 09 Aug 2014 22:46:18 GMT

@Anonymous wrote:
I'm having problems with the reconsiderations. I've never been successful at them. I haven't tried but a few however, the experiences I am reading about online don't seem to be what happens to me whether or not I use a backdoor number or the number on the denial. Same outcome. So far my experience has been them reading my denial and not listening to me or asking me any questions. I don't know what I'm doing wrong. When I call in, I tell them I would like to be reconsidered on my denial and they ask for my ssn and from there I get no where. Should I be asking for a manager? Is there a specific reconsideration department? One place told me they don't have "an application department" so there is nothing anyone could do. One sounded like I was in a call center in India and that person was VERY belittling toward me despite that I was very polite to him.

Can someone break this process down for me? What do I say? How do I ask? How do I know when I am talking to the right department or person? Should I persist if the person says they cannot help me? Continue asking for supervisors? I really am unsure of the process to do this from start to finish.

On the brighter side, I got a Cap Sparks (I own a design business since 2006) with a small $500 limit and a Kays card for $1000 - it's all a start and I'm thankful I got those! I don't seem to be able to get approved for a secured card though which seems very weird to me.

It doesn't sound like you're talking to a Credit Analyst. Under "helpful threads" in the wiki towards the top of this page, click it and then click "backdoor numbers" When you call the credit analyst specifically say "I believe I have been denied for xyz credit card and would like to request reconsideration". Let them ask what they need to ask, acknowledge any past mis-steps and your plan for avoiding them in the future. Just be honest with them but know what you're applying for and why you want it. Having a copy of whichever CR they pulled handy is also helpful.

Re: Recons

Anonymous — Sat, 09 Aug 2014 23:40:31 GMT

Thank you!