8/27/2023 0 Comments Capital one credit card apply![]() At the time, the Chase Ritz-Carlton Rewards card (now closed to new applicants) was offering a sign-up bonus of two free nights at most Ritz-Carlton hotels, and it seemed like it was meant to be.īack in 2016, this card wasn’t subject to the 5/24 rule, so I thought I’d have pretty good odds. This trip included a great mix of luxury accommodations and affordable Airbnbs, but after spending three nights on the island of Koh Pha Ngan for the famous full moon party, I wanted to surprise my partner with a few nights at the Ritz-Carlton Koh Samui. I scored an elusive Cathay Pacific first-class award on the outbound flight and wrote my first-ever flight review for TPG on the way back, flying Air Canada 787 business class from Tokyo (NRT) to Toronto (YYZ). What I learned: The second major international trip I planned with my points and miles was two weeks in Thailand with my partner. Reason for denial: Not enough established credit history. The card I applied for: Chase Ritz-Carlton Rewards card (closed to new applicants). The card details on this page have not been reviewed or provided by the card issuer. The information for the CitiBusiness AAdvantage Platinum card has been collected independently by The Points Guy. Focus on starter cards and build a relationship with the issuers you’re interested in, instead of applying for their best cards out of the gate. If you find yourself just starting out with less than one year of credit history (or even no history at all), that doesn’t mean there’s no hope for you. There was nothing I could say to change that it was a hard rule and I wasn’t getting around it. This is how I learned the hard way that many credit cards will automatically reject you if your credit history is less than a year long. Opening so many cards so quickly dropped my average age of accounts, an important factor that accounts for roughly 15% of your credit score, down from 20 years to just a handful of months. I managed to successfully get approved for seven credit cards in my first year before I ran into my first rejection. This meant that at age 20, I had 20 years of credit history and had no problem getting approved for the Chase Sapphire Preferred Card as one of my first cards. Before I left for college, my dad had added me as an authorized user on his United Explorer Card, which he’d had open since before I was born. What I learned: When I was starting with my first couple of credit cards, I had a considerable advantage (no pun intended). Reason for denial: Less than one year of established credit history. The card I applied for: CitiBusiness® / AAdvantage® Platinum Select® Mastercard®. (Photo by John Gribben for The Points Guy) Related: How bad is it to get denied for a credit card? There’s no guarantee that this will work, but given the potential upside, it’s always worth making the five-minute call to try. A common workaround for this is to offer to transfer some credit from one of your existing cards to the new one. For example, a common reason for rejection (especially as you get deeper into the points and miles game) is that the bank has already overextended your credit and won’t give you any more. Of course, just calling in and saying, “Please, I want it,” won’t work, but if you can explain to the reconsideration agent why they made a mistake and why you’d be a good customer, you might have some luck. Once you have that information in hand, you should always call the bank’s reconsideration line and see if you can get the decision reversed. Issuers are required by law to give you a reason why your application was rejected. Just because an issuer denies your initial application, doesn’t mean you should give up hope. (Photo by Thomas Barwick/Getty Images)īefore I jump into my specific rejections, I want to highlight the fact that you don’t always need to take no for an answer. Treat the representatives on the reconsideration line with respect, and you may get the approval you’re after.
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