Good morning everyone, happy TGIF (Thank Grant it’s Friday). I want to share my recent experience applying for 3 credit cards on March 11, 2016. Here are the 3 credit cards I applied for, along with their bonuses as of 3/11/2016:
- Chase Ink Plus Business Credit Card – 60,000 Chase Ultimate Reward Points after spending $5,000 in 3 months.
- Citi Hilton HHonors Reserve Credit Card – 2 free weekend night certificates after spending $2,500 in 4 months.
- Bank of America Amtrak Guest Rewards Credit Card – 20,000 Amtrak Points after spending $1,000 in 3 months.
I applied for all three credit cards at the same time and got 2 pending decisions (Chase and Citi) and a denial (Bank of America).
Shortly after submitting my Chase Ink Plus Business Credit Card application, I received the following email that said that a decision would be made within 30 days. I’ve read several reports that said I should not call Chase’s business credit card reconsideration department, so I decided to wait it out and see what happened.
Up next, I received an email regarding my Citi Hilton HHonors Reserve Credit Card application. I called Citi’s reconsideration department on Friday (3/11/2016), but their systems were down, so I called back again on Monday (3/14/2016).
During my call with Citi, the reconsideration rep told me that I was approved for the credit card with a $4,000 credit line. I asked if I could transfer $6,000 of available credit from my unused Citi Double Cash Credit Card and she processed that request right away. My new Citi Hilton HHonors Reserve Credit Card was approved with a $10,000 credit line on 3/14/2016 and I received the credit card in the mail on 3/21/2016.
On Monday (3/21/2016), I received an email from Chase letting me know that I was approved for the Chase Ink Plus Business Credit Card. After I read the email, I called Chase and asked if they could expedite the credit card to me. The rep was very helpful and said he would send it out via UPS Next Day Air and I received the credit card on Wednesday (3/23/2016).
So what happened with my Bank of America Amtrak Guest Rewards Credit Card? I called the reconsideration department and tried to find out. The rep was not super helpful and said that Bank of America was unable to approve me for any new credit cards. Before the call, here were my available Bank of America credit cards and credit lines:
- Alaska Airlines – $8,000
- Better Balance Rewards – $1,000
- Spirit Airlines – $5,200
- Virgin Atlantic – $5,000
- WorldPerks Travel Rewards Business – $18,500
- Total credit line of $37,700
After speaking with the reconsideration rep, I called the Bank of America credit card customer service department and asked the rep to lower all my credit lines. Here are my credit lines after the call:
- Alaska Airlines – $1,000
- Better Balance Rewards – $1,000
- Spirit Airlines – $1,000
- Virgin Atlantic – $1,000
- WorldPerks Travel Rewards Business – $10,000
- Total credit line of $14,000
I reduced my total available credit from $37,700 to $14,000, a decrease of 63%. I called the reconsideration department again and told them that I just reduced all my credit lines. I asked if they could reevaluate my application and after a short hold, the rep came back and told me that I was still declined. I give up, clearly Bank of America does not want me to get another credit card. I will try again in a few months after I close my Alaska Airlines and Virgin Atlantic credit cards when the annual fees post. Hopefully I will have better luck next time.
If you have any questions about my recent credit card applications, please let me know below. Have a great weekend everyone and happy Easter!
P.S. If you are interested in applying for any of the credit cards mentioned in this post, please take a look at my credit card affiliate links. I greatly appreciate your continued support.