The blog world is full of credit card experts, like myself, and sometimes even I come across some cool tricks to get what I want out of a credit card company.

Appeal A Rejection

As someone who pays all my cards in full every month, I maintain some pretty good credit.    Naturally, I don’t receive rejection from applications that often.    On the other hand, credit has been tightening, and more people are getting rejected now than ever before.     It turns out that the rejection letter may not be final.    Richard Ingersoll over at Frugal Travel Guy blog has had some success with reconsideration letters. The idea is not that you are providing any new information, but that you are restating your case, potentially to a human being rather than a computer.     I fully expect to be approved for the British Airways Bombshell offer, but if I don’t for any reason, I will definitely give the reconsideration letter a try.

Reallocate Your Credit

Gary Leff over at the View From The Wing Blog points out that American Express is now allowing card holders to shift some of their credit from one card to another.   Apparently, they had previously allowed this at some point, and then stopped doing so.     The idea is that you can have more credit on the card that you use the most.     Gary points out that he had been approved for a particular reward card, but at a very low limit.   Later, he wished to take advantage of a promotion, but couldn’t due to the low limit.   He was then able to shift his available credit from one Amex to another.    I have read lots of stories about people doing this with CitiBank cards as well.    This is a very little known trick that you can keep in the back of your pocket for some time in the future that you may need it.

This entry was posted on Tuesday, November 10th, 2009 at 20:00 and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.