I got a couple of comments from readers on that part of my interview with MMS, so wanted to elaborate further. First of all, at this point it may be best to just wait, till you can count household income, since revision to the law has been made. But, here is some info, in case you want to chance the denial. As most of you know, the law was passed in 2011, that prevents counting household income on credit card applications. Just like that, my golden goose was dead.
Since I am a stay- at- home mom, I could no longer get credit cards in my name, in order to double dip on sign-up bonuses. Or so I thought… I have come across some information, that led me to believe, I may have a chance after all. Its called reconsideration line, where you speak to a credit analyst, who has the power to override your denial. So I gave it a shot and was successful several times.
First off, don’t even bother with US Bank, it’s not gonna happen. I tried a couple of times, no dice. Also, shockingly, I was approved for an American Express card instantly, even though I only put a few thousand dollars CD interest as my income. I still have no idea, why that happened. Things were more interesting with Chase and Barclay’s banks.
I already had several credit cards with Chase in my name from before the law change. So, the process was relatively simple here. The analyst had to shift my credit from the other line, in order to approve me. I was successful at getting 2 cards within 6 months this way and collected some very nice bonuses along the way.
It was a bit more complicated with Barclay’s. I had no cards with them, so no credit to shift around. But somehow I got 2 cards approved , albeit with very low limit, 1000 and 2500 dollars each.The applications were spaced 4 months apart. From questions asked, I suspect, it helped, that we have no debt and paid off mortgage, but it’s just a guess. I actually happen to love Barclay’s bank, they have been very good to us.
I wish I could say, I did something special to get approved, but I was just honest, friendly and polite, that’s it. Well, maybe my european accent helped, but I doubt it! I can’t guarantee the outcome for others , of course. If you want more info on reconsideration process and phone numbers to call, check out www.millionmilesecrets.com, the website, that helped me get approved for the cards mentioned.
Leana is the owner and founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.