Denied A Credit Card? Try A Reconsideration Letter

Frugal Travel Guy has a story of how he was able to get a credit card for his son after the company first denied him. The magic bullet was a well-crafted “reconsideration letter.” What’s that?

Basically what you do is send back a professional letter to the address on your denial. State your case, and why you’re a good credit risk. Point out the specific factors in your credit history that show you are a good debtor. This is what Frugal Travel Guy’s letter looked like:

To: Blah Blah Blah

RE: Credit Card Reconsideration Request

To Whom it May Concern:

I was surprised to receive an online denial of my recent SPG Amex card application reference # 123456987654.

I am asking you to reconsider your decision based on the following facts:

My wife and I are both employed full time as professionals and have an annual income in excess of $___________.

Although our past credit is limited, you can see from our credit report, we have never missed a payment or been late. I know, as I checked my credit score just before applying for your card to insure it’s accuracy. I note the current credit score is 745 which is better than over 55% of the public and is considered good credit by the credit reporting agency.

We are not heavy users of credit and never plan to be, but have heard from many sources that your card is the best rewards card on the market today, and we believe we are responsible credit risks and deserve a chance with your card.

We do not need a large credit limit and would be happy with a small credit line at first to prove to you our reliability.

Although I am not including our most recent paystubs, I can send them to you if you need them.

I look forward to your reconsideration and receipt of my new Starwood Preferred Guest Amex card.

Respectfully

Josh Xxxxxxx

And it worked, his son was approved after they got this letter.

Have you ever tried a reconsideration letter? How did it go?

I’m Proud of Me Today a Successful Reconsideration Letter [Frugal Travel Guy] (Photo: the prodigal untitled13)