Category Archives: Denial & Reconsideration

How to Qualify for a Small Business Credit Card (And Why You Should Get One!)

UPDATE: The Starwood American Express credit card offers in this post are no longer available, but check Hot Deals for the latest offers!

Million Mile Secrets reader, Kris, commented:

I (and perhaps many others) would really appreciate if you could write about small business cards qualifications.  I do some infrequent consulting, but the income from this is very minimal.  What are my chances of getting a small business credit card?

Should I even try?  Which bank has more flexible rules?

Excellent question, Kris!

How To Qualify For A Small Business Credit Card And Why You Should Get One

I Spoke With Representatives From AMEX, Chase, and Citi About the Requirements for Their Small Business Cards. (Spoiler: They’re Less Intimidating Than You Think!)

I called American Express, Chase, and Citi, to ask about their small business credit card requirements.

I’ll share what I found out.  And give you tips for getting a business credit card of your own!

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Better Bonus: Get 75,000 Hilton Points With the Citi Hilton Visa!

Update: The Citi Hilton Visa credit card offer in this post is no longer available, but check Hot Deals for the latest offers!

The Citi Hilton Visa has an increased sign-up bonus of 75,000 Hilton points.  That’s nearly double the usual sign-up bonus of 40,000 Hilton points.

You can use the bonus for a night at a fancy hotel or up to 15 nights at Category 1 hotels!

Better Bonus Get 75,000 Hilton Points With The Citi Hilton Visa

Get 75,000 Hilton Points When You Get the Citi Hilton Visa Card. This Is a Great Sign-Up Bonus for a NO Annual Fee Card!

I’ll show you what you can do with 75,000 Hilton points!

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Possible Exceptions to the New Chase Approval Rules

Thanks to Million Mile Secrets readers for sharing your comments and recent experiences applying for Chase cards.

I wrote about the rumored new Chase card application policies, and what we know so far.  Chase has NOT officially shared any details.

But there are good discussion points from our readers!  And some folks are still getting approved even with lots of recently opened cards.

Possible Exceptions To The New Chase Approval Rules

Some of Our Readers Are Still Getting Approved for Chase Cards Despite the New Rules

Let’s look at some of the new information from Million Mile Secrets readers!

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Increase Your Chance of US Bank Card Approval by Freezing IDA/ARS Bureaus

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.

Increase Your Chance Of US Bank Card Approval By Freezing IDA/ARS Bureaus

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!

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Why Do Banks Deny Credit Card Applications?

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!

Why Do Banks Deny Credit Card Applications

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!

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Why You Should Choose Your Barclaycard Cards Wisely

Thanks to Million Mile Secrets readers for letting me know about their recent Barclaycard applications.

I’ve written about Barclaycard 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 Barclaycard reconsideration line to ask for approval.

You Might Only Get Approved for 1 or 2 Barclaycard Cards

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Daraius’ March 2013 App-O-Rama – 6 Cards. 265,000 Miles & Points

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 CardSign-on BonusMinimum Spending RequiredAnnual Fee
Total265,000 Miles$7,000 in 3 months + $3,250 in 4 months$494 Waived for 1st year + $475 Not Waived for 1st year
Chase Ink Plus50,000 Bonus Points$5,000 in 3 months$95 Waived For 1st Year
American Express Mercedes Benz Platinum50,000 Bonus Points$1,000 in 3 months$475 Not Waived For 1st Year
American Express Premier Rewards Gold50,000 Bonus Points$1,000 in 3 months$175 Waived For 1st Year
Citi American Airlines Visa50,000 Miles$2,500 in 4 months$85 Waived For 1st Year
Citi American Airlines MasterCard30,000 Miles$750 in 4 months$50 Waived For 1st Year
Barlcays US Air35,000 MilesAfter 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