Rejected Again: This Time by Barclays: Reconsideration Time Again?

March 29, 2012 - Rick

My simple February three card application day was anything but successful at first glance. I was one for three scoring only the Mercedes Benz card from Amex and receiving rejections from Bank of America for the Virgin Atlantic card and most recently, the US Airways card. After sending a reconsideration letter to Bank of America, they came to their senses, realized what a great credit risk I am, and approved my Virgin Atlantic Amex card for 50,000 miles IIRC. Now to deal with Barclays, maybe.

They denied me based on:

Sufficient credit is available on your account issued by Barclays Bank Delaware.

I have two other credit cards with Barclays. They are a personal and business US Airways cards. Here is my dilemma along with an email I just got from Eric is making me hesitant to take another swing at them:

“Hi FTG,

Is there a reason why it’s better to wait then call Barclays when you don’t get an instant approval? I recently did what you did and applied for a 2nd US Airways MC while I have another one open. When I get the “pending review” screen I called them, twice, but was denied. I later found out that the recon dept pulled reports from all 3 credit agencies to review my credit. Ultimately, I was still denied cuz they said I have 7 new accounts in the last 6 months. But is the reason not to call cuz Barclay would pull 3 all credit agencies? Had I just waited would they have reviewed my credit without pulling all 3 credit agencies?

Thanks in advance for your help!

Eric”

Well I don’t think they would have pulled all three if you didn’t call for reconsideration, so hence my hesitancy to ask for a reconsideration. I don’t need or want three more pulls for a 40K approval. I could easily cancel the business card and/or lower the credit limit on my existing personal card, but three pulls? one from each agency?

Before I decide, its time for the gang to chip in again with advice. This is the first I have ever heard of this one before. I have never been denied by Barclays so will be all ears as to your past experiences. Comments will not only help me, but Eric and others as well.

Scott Shelley

This exact thing happened to me earlier this month, as well.
The reconsideration line wouldn’t budge, stating that I’d already had this card twice previously.

http://www.frugaltravelguy.com/ Frugal Travel Guy

thanks to those that replied. we’ll mark this one in the loss column

kilton

You guys gotta use your heads. Applying for a credit card that you already have has got to be the surest way to get unwanted attention and a possible denial. I’m hard-pressed to think of anything that would make it more blatantly obvious to a card issuer that you’re just getting it for the signup bonus.

hoglard1

Similar thing happened to me. Barclays denied my app for a second card based on too many inquiries, after running a TU inquiry. Called reconsideration line and explained why I wanted a new card. CSR placed me on hold and came back saying he could approve if I closed old acct. What he didn’t say was that he ran an inquiry with all 3 credit bureaus(!). So it resulted in a total of 4 hard inquiries to get the card.
Guest

Exact same thing happened to me also. Called three times. No way – no how. Had one open personal card at the time. They mentioned that I had not spent much on that card previously, so I think having an active spending pattern on the original card might benefit you in getting a second one.
LAX

Slightly OT, but does the Barclays US Air Biz card report to your personal credit report?
Bill from Maine

I did an application for the US Air card a few months ago when USAIR was running there big points promo. I got a rejection letter a few days later saying that I previuosly had the card.
I called the reconsideration line and was told that I had opened and closed the card on 5 different occasions(I received signup bonuses each time…ahhh, the good ole days) and why did I want the card again. I explained that my travel habits had changed due to work situations beyond my control and on a couple of other occasions had sworn off USAIR altogether because of poor customer service.
I explained that I wanted to start using US Air again and thats why I was re-applying for the credit card. After a few minutes on hold, I was approved, but when I received my card they gave me the lesser of the 2 cards they offer which meant no lounge access coupons. I did do the spend and than promptly cancelled the card after my bonus points posted.
Like others have posted, I received a hit from my original application and than 3 more hits on the application approval.It lowered my overall credit score 15 points but that came back after only a couple months to the mid 700′s, where I stand today.
I’m hoping to try it all again when the next USAIR promo begins or if an offer to good to refuse comes along. In the mean time, I’m using audience rewards points to keep my USAIR account active.
http://twitter.com/AZTravelGuy Erik

As I’ve stated before: Barclays won’t ever approve me for a US Airways card. Though I might chase the business version soon even though they deny that too for the same generic “sufficient credit on existing account(s)” excuse.

I presume it’s because I applied this a lot more than most people and they’re well aware how many separate 25K bonuses I received. If they’re now doing 3 pulls on a reconsideration, they can go fly a kite. Going to take a lot more than 40K US miles for me to give up across-the-board inquiries.
Andrew

I have question regarding something that was written in Eric’s email. Are the reconsideration departments legally allowed to pull your credit without asking for your approval when you ask them to reconsider?

The reason I ask is because my fiance was recently denied for a card (Chase United Mileage Explorer) but was approved after calling the reconsideration department and moving some of her credit line over to the new card.

Today we found out that Chase pulled her credit again, apparently during the phone call, before approving her. They never asked my fiance’s permission to do so though. To be honest if she had known that she would have two inquiries for the same card she may not have asked them to reconsider.

Can the companies pull your credit a second time without asking for permission?
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Rejected Again: This Time by Barclays: Reconsideration Time Again?

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