topic Re: Declined SM card a few weeks ago... in Credit Cards

Declined SM card a few weeks ago...

Closingracer99 — Mon, 11 Aug 2014 21:52:25 GMT

Got declined for the Sallie mae card on July 22nd and was because of to many inqs. Considering Reconing for that card. Is it worth it ?

Re: Declined SM card a few weeks ago...

Skye12329 — Mon, 11 Aug 2014 21:54:27 GMT

Correct me if im wrong but is it too late to recon it? Otherwise ask yourself the question do you need/want it? If so it doesnt hurt to recon.

Re: Declined SM card a few weeks ago...

Closingracer99 — Mon, 11 Aug 2014 21:56:59 GMT

@Skye12329 wrote:
Correct me if im wrong but is it too late to recon it? Otherwise ask yourself the question do you need/want it? If so it doesnt hurt to recon.

You have 30 days from date of Decline so I could still recon it if I wanted to. I don't "need" it since I have 14 card but would like to have it. 5% at Amazon is pretty good

Re: Declined SM card a few weeks ago...

TheFate — Mon, 11 Aug 2014 21:57:34 GMT

@Skye12329 wrote:
Correct me if im wrong but is it too late to recon it? Otherwise ask yourself the question do you need/want it? If so it doesnt hurt to recon.

I think recons are only in a 2 week span, you may have to reapply

Re: Declined SM card a few weeks ago...

JediNeo — Mon, 11 Aug 2014 21:58:53 GMT

It would depend on your spending habits. Mine are pretty low so the reward caps are fine with me.

Re: Declined SM card a few weeks ago...

Skye12329 — Mon, 11 Aug 2014 21:59:45 GMT

You have 30 days from date of Decline so I could still recon it if I wanted to. I don't "need" it since I have 14 card but would like to have it. 5% at Amazon is pretty good

Do any of us "need" more than 2 or 3 cards personally i would say go for reconning if you can. If you shop at amazon a lot then it will add up pretty fast.

Re: Declined SM card a few weeks ago...

Closingracer99 — Mon, 11 Aug 2014 22:00:49 GMT

@TheFate wrote:
@Skye12329 wrote:
Correct me if im wrong but is it too late to recon it? Otherwise ask yourself the question do you need/want it? If so it doesnt hurt to recon.
I think recons are only in a 2 week span, you may have to reapply

not leaving the garden for a Card I just want to have lol

Re: Declined SM card a few weeks ago...

B335is — Mon, 11 Aug 2014 22:11:06 GMT

Barclays analysts have always been difficult impossible for me to get a denial overturned because they don't like my new accts. Sometimes going back 24 months. My last few apps I've just run the natural course and had better results. Not trying to discourage you, but since you took the pull you might as well ask for it.

Re: Declined SM card a few weeks ago...

Creditaddict — Mon, 11 Aug 2014 22:33:39 GMT

ALWAYS unless you are talking about a bank that you can't recon (GE)

Barclay is awsome for recon, results vary but at least you can call directly into the person that can change the decision in under 1 minute!! CALL

Re: Declined SM card a few weeks ago...

Scupra — Mon, 11 Aug 2014 23:51:01 GMT

You already took the HP, why not try? Especially Barclay

Re: Declined SM card a few weeks ago...

lonelyisland — Mon, 11 Aug 2014 23:58:38 GMT

@Closingracer99 wrote:
Got declined for the Sallie mae card on July 22nd and was because of to many inqs. Considering Reconing for that card. Is it worth it ?

What would make it not worth it?

Re: Declined SM card a few weeks ago...

Closingracer99 — Tue, 12 Aug 2014 00:00:56 GMT

@lonelyisland wrote:
@Closingracer99 wrote:
Got declined for the Sallie mae card on July 22nd and was because of to many inqs. Considering Reconing for that card. Is it worth it ?
What would make it not worth it?

I really need to put most of my spending through the CSP and Marriott Premier cards While I love the fact i can get 5% back I rather put money through those cards to rake up points with marriott

Re: Declined SM card a few weeks ago...

Closingracer99 — Tue, 12 Aug 2014 00:01:30 GMT

@Creditaddict wrote:
ALWAYS unless you are talking about a bank that you can't recon (GE)
Barclay is awsome for recon, results vary but at least you can call directly into the person that can change the decision in under 1 minute!! CALL

I tried calling them and they are closed at 5 PM .. I think it is a sign lol

Re: Declined SM card a few weeks ago...

mongstradamus — Tue, 12 Aug 2014 00:03:31 GMT

@Closingracer99 wrote:
@lonelyisland wrote:
@Closingracer99 wrote:
Got declined for the Sallie mae card on July 22nd and was because of to many inqs. Considering Reconing for that card. Is it worth it ?
What would make it not worth it?

I really need to put most of my spending through the CSP and Marriott Premier cards While I love the fact i can get 5% back I rather put money through those cards to rake up points with marriott

Since you don' t need for gas since you live in the city question is do you want cash back or MR points for groceries spend. You have amazon store cards that i would assume would cover amazon purchases.

Re: Declined SM card a few weeks ago...

Closingracer99 — Tue, 12 Aug 2014 00:08:34 GMT

@mongstradamus wrote:
@Closingracer99 wrote:
@lonelyisland wrote:
@Closingracer99 wrote:
Got declined for the Sallie mae card on July 22nd and was because of to many inqs. Considering Reconing for that card. Is it worth it ?
What would make it not worth it?

I really need to put most of my spending through the CSP and Marriott Premier cards While I love the fact i can get 5% back I rather put money through those cards to rake up points with marriott
Since you don' t need for gas since you live in the city question is do you want cash back or MR points for groceries spend. You have amazon store cards that i would assume would cover amazon purchases.

I have an Amazon Visa card which oddly enough I don't use on amazon purchases lol. Bulk of my spending is done in Q4 with Amazon and I would prefer 5% with Discover or Chase Freedom ( Hopefully pay off the Balance on that so I can use it or might just Balance transfer it to a citi card). I maybe spent only around $1,500 on Amazon so far and most of that is from a TV that I needed a few months ago and a PS4 I bought in Feb.

Re: Declined SM card a few weeks ago...

lonelyisland — Tue, 12 Aug 2014 00:22:54 GMT

@Closingracer99 wrote:
@mongstradamus wrote:
@Closingracer99 wrote:
@lonelyisland wrote:
@Closingracer99 wrote:
Got declined for the Sallie mae card on July 22nd and was because of to many inqs. Considering Reconing for that card. Is it worth it ?
What would make it not worth it?

I really need to put most of my spending through the CSP and Marriott Premier cards While I love the fact i can get 5% back I rather put money through those cards to rake up points with marriott
Since you don' t need for gas since you live in the city question is do you want cash back or MR points for groceries spend. You have amazon store cards that i would assume would cover amazon purchases.
I have an Amazon Visa card which oddly enough I don't use on amazon purchases lol. Bulk of my spending is done in Q4 with Amazon and I would prefer 5% with Discover or Chase Freedom ( Hopefully pay off the Balance on that so I can use it or might just Balance transfer it to a citi card). I maybe spent only around $1,500 on Amazon so far and most of that is from a TV that I needed a few months ago and a PS4 I bought in Feb.

Sounds like you don't need it

Save it for when it might be useful for you - 0% APR for first year might come in handly down the line some day in the future.

Re: Declined SM card a few weeks ago...

TheFate — Tue, 12 Aug 2014 05:19:20 GMT

Personally I would still recon since you already cost yourself a HP even if I didn't need it.

Next time sleep it over night before you app, could help you in the long run think it all the way thru first.

Re: Declined SM card a few weeks ago...

Anonymous — Tue, 12 Aug 2014 10:55:08 GMT

@TheFate wrote:
Personally I would still recon since you already cost yourself a HP even if I didn't need it.

Next time sleep it over night before you app, could help you in the long run think it all the way thru first.

Right, but if successful there will be a new account, bringing down AAoA, for a card that really isn't needed (at present)

Re: Declined SM card a few weeks ago...

Closingracer99 — Tue, 12 Aug 2014 11:00:19 GMT

@Anonymous wrote:
@TheFate wrote:
Personally I would still recon since you already cost yourself a HP even if I didn't need it.

Next time sleep it over night before you app, could help you in the long run think it all the way thru first.
Right, but if successful there will be a new account, bringing down AAoA, for a card that really isn't needed (at present)

My AAoA is pretty low as it is so it wouldn't hurt lol

Re: Declined SM card a few weeks ago...

Closingracer99 — Tue, 12 Aug 2014 14:29:05 GMT

Well I called this morning and they said basically all the new cards were the Red flags for denial