For some folks, it’s difficult to get approved for miles and points earning credit cards issued by US Bank. They’re known for denying applications from folks who have a lot of recent inquiries on their credit report.
Part of the reason US Bank is so picky is because they may pull your credit report from 2 lesser-known credit bureaus, IDA (SageStream) and ARS.
And these agencies often include additional information on your report that other credit bureaus don’t share.
US Bank Pulls Your Credit Report From 2 Secondary Credit Bureaus, and That Can Hurt Your Chances of Being Approved
But you can freeze your IDA and ARS credit reports so that US Bank can’t access them. And that could improve your chances of getting approved for a card like the US Bank Club Carlson Premier!
I’ll explain how to do it!
Million Mile Secrets reader Kendra emails:
Can you address if you or others have run out of cards to apply for?
I applied for 10 personal and 6 business cards last year, and I’ve gotten denied for my recent applications with Capital One, Chase, and Barclays (already have 2). I can’t believe you can get 6 per quarter for years. I feel like we’re at a stopping point and have to give up on this game for 6 to 24 months. My husband thinks the game is over for us. We just started in June 2014.
I’m not going to call the Capital One reconsideration line for the denied credit below because it’s all true. I noticed you don’t promote Capital One cards on your website. Is it because they are difficult to get?
- Based on your credit report from Equifax, too few or no revolving accounts have a balance
- Based on your credit report from Trans Union, there are too many new revolving accounts
- Based on your application information, income is insufficient for requested credit
This can be common issue for folks who’ve been collecting miles and points for a long time. But you don’t see it so often with folks who are new to the game!
Being Denied for Credit Cards Can Be Frustrating, Even for Folks Who’ve Been Collecting Miles and Points for a Long Time
It can be tempting to apply for lots of cards when you 1st start collecting miles and points. But I’ll explain why this isn’t always a good idea!
Thanks to Million Mile Secrets readers for letting me know about their recent Barclays card applications.
I’ve written about Barclays becoming much stricter about approving folks for more than 1 or 2 credit cards per year. And some readers have had existing accounts closed down when they’ve called the Barclays reconsideration line to ask for approval.
You Might Only Get Approved for 1 or 2 Barclays Cards
Warning: If you’re new to miles and points, you should NOT apply for more than 1 or 2 cards at time. Much better to start small, gauge the impact for yourself and then work your way up to more. Also read The 5 Dangers of Credit Cards before applying for a credit card!
Emily and I set travel goals and we then collect miles and points to get to those goals. Our goals are quite simple. We want to have enough miles and points to travel within the US in coach to visit friends, to go to Michigan or Ohio to visit family and to have weekend getaways.
We also want to travel internationally 2 to 3 times a year – ideally in business or first class, but we’ll choose a flight in coach if it means less connections and more time on the ground (like we did when we visited Brazil during Carnival).
We also need hotel points since we have to stay somewhere. We don’t really care which airline we fly or hotel we stay in as long as we can save money while traveling.
daraius’ March cards
|Credit Card||Sign-on Bonus||Minimum Spending Required||Annual Fee
|Total||265,000 Miles||$7,000 in 3 months + $3,250 in 4 months||$494 Waived for 1st year + $475 Not Waived for 1st year
|Chase Ink Plus||50,000 Bonus Points||$5,000 in 3 months||$95 Waived For 1st Year
|American Express Mercedes Benz Platinum||50,000 Bonus Points||$1,000 in 3 months||$475 Not Waived For 1st Year
|American Express Premier Rewards Gold||50,000 Bonus Points||$1,000 in 3 months||$175 Waived For 1st Year
|Citi American Airlines Visa||50,000 Miles||$2,500 in 4 months||$85 Waived For 1st Year
|Citi American Airlines MasterCard||30,000 Miles||$750 in 4 months||$50 Waived For 1st Year
|Barlcays US Air||35,000 Miles||After First Purchase||$89 Waived For 1st Year
The minimum spending requirements may seem high, but you can meet the minimum spending requirements quite easily these days! Continue reading
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I recently applied for the Southwest business card to get the Southwest Companion Pass and got approved after calling the reconsideration line. Earning the Companion Pass in 2013 means that Emily can fly for free, up to the end of 2014, on every Southwest ticket I book using either miles or points!
The 50,000 point Chase Ink Plus, Chase Ink Bold, and the Chase Southwest card are among the best business cards by Chase, so I thought I’d post my experience with the Chase business reconsideration line. The Chase reconsideration line is closed on Sundays.
The credit line for business cards does not show in my personal credit report and impact my credit utilization or credit aging, so it doesn’t impact my personal credit score in the long term. However, the credit inquiry does show in my personal credit report, but the effect drops off after 3 to 6 months (though it does stay on my credit report for 2 years). Continue reading