This rule prevents “churn” – open a card just to receive the welcome offer, close the card and apply again later to receive the welcome offer again. It is known that the issuer will award sign-up bonuses multiple times on the same card if you follow the above rules and are approved. However, like Barclaycard, I see a label on the website for most Capital One cards that gives the issuer the right not to grant the bonus. Here`s the specific wording of the Capital One Venture card application page: Barclays has some general guidelines that are useful when applying for their cards. These are not fixed rules, so following these rules does not guarantee your acceptance, and you will not be automatically refused if you do not. With all these rules, let`s take a look at a few examples: that is, if you currently have (or had) a specific card, you are not eligible to win the welcome bonus again. This limitation applies to the entire Amex card portfolio, but there are a few workarounds. Note that this doesn`t seem to be forced 100% of the time and there seems to be some flexibility. However, we often find that people with only three applications in the last 24 months have been denied for cards. Capital One is also known for having a firm rule when it comes to the timing of your requests. They can only be approved for a card every six months.
Like other issuers, Wells Fargo doesn`t limit the number of cards you can keep with you. They are more concerned about the total amount of a cardholder`s credit. Daniel, I applied and was approved for the Amex Everyday CARD AND the Amex Green Payment Card. My ultimate goal is to get approval for the Amex Platinum card. What is the minimum time I have to wait to apply for platinum? I really want it as soon as possible. Thanks to American Airlines cards, on the other hand, are linked to a 48-month restriction. These include the Citi®/AAdvantage® Executive World Elite™ Mastercard®, the AAdvantage Platinum Select World Elite Card and the American Airlines AAdvantage MileUp℠ Card. However, CitiBusiness®/AAdvantage® Platinum Select® Mastercard ® are not included. In this case, you can earn the bonus both on the business card and on 1 of the personal card options within 48 months. Fortunately, all hope is not lost when this happens.
You can call Chase`s verification line (888-245-0625) within a few days of your request and request to move lines of credit to get approval. You will then have five credit cards with the same total balance of $100,000. I had to do this a few times when I built my credit history with Chase, although I didn`t have to in my last two apps. As a digital nomad for nearly three years, JT`s travel proves that credit card rewards can significantly reduce travel costs. In addition, recent reports suggest that Bank of America also has a 7/12 rule and a 3/12 rule that it has implemented for new applications. These rules state that if you have a bank account with Bank of America and have opened 7 new cards in the last 12 months, your application will be denied. It is indeed strange. Are your other two cards still open? I guess the 3 apps are too close to each other since you only became a new American Express customer in August.
I would pause to ask for new cards with them for a few months before trying again. This is an automated fraud prevention feature that Amex uses and generally applies whether you are applying for personal or business credit cards. Like a week later, after assigning these 2 cards, I turned around and was approved for another Amex card: blue money every day. So that`s 3 cards in less than 2 weeks! I think what made me approve for the third without a financial check was the fact that I used both cards and then turned around right after using them and paid for them as soon as I used the cards! I recently applied for a Capital One Venture 2% points card. They have a great welcome offer of 100,000 points that I wanted. I was refused. The reason for the rejection letter was that I have too many rotating accounts. I thought the more cards I had, the better it was for my credit score, because I would have more credit and my credit utilization rate would always remain low. Is this a normal reason to have a lot of cards to refuse a new card? It seems like business credit cards don`t currently fall under this rule, but it certainly doesn`t mean you`re guaranteed to be approved if you`ve exceeded any of these limits. For me, that`s not a big deal and doesn`t necessarily affect your chances of getting approval either, but Capital One usually takes credit from all three credit bureaus when you apply for a card. If your credit score is good, it shouldn`t really matter, although I know that`s something some people are concerned about.
Although some assume that you can only earn one welcome bonus per lifetime, Amex does not check if you actually won the welcome bonus. Amex only takes into account whether you had the card or not. So if you miss a welcome bonus on an Amex card, you may never be able to earn a welcome bonus on that card. You might be good to apply for another credit card, but I`ve emailed you to get more details about your situation. I suggest renaming this blog “One credit card at a time”. Fortunately, I have always appreciated your messages and criticisms. I can understand that credit cards are an important source of income for you and many readers of interest because they are part of the “travel game”. But there seems to be very little new unique content these days. It`s mostly warmed up industry news (aside from all the credit card stuff) and, if we`re lucky. If you`re a small business owner, it`s best to start with a business card. Since business cards don`t count towards the four-card rule, you can earn big rewards for your business expenses without missing out on opportunities for consumer cards. In my experience, payment cards tend to be easier to approve than credit cards.
If I were new to American Express, I would consider going for the green card or the gold card and then building my relationship with American Express. Of course, if you are looking for a premium card, the Platinum card is a much better option for you. In fact, if you look carefully at the terms and conditions when applying for a new card, you will see this statement: “Welcome bonus offer not available for candidates who have or have had this product.” So, I don`t know much about Canadian Amex cards, but if it works like in the U.S., waiting to reapply should have enough time to give you another chance to give yourself another chance on the card. If your loan is in good condition, I would go get it. Amex`s 90-day rule does not allow you to be approved for more than two credit cards in a 90-day period. Keep in mind that this rule applies to credit cards, not payment cards. Some people have the chance to get around this rule and get 3 credit cards in 90 days, but I think these people are aberrant. For example, the American Express® Gold card was originally relaunched in 2018 with a welcome offer of just 25,000 Bonus-Membership Rewards points.
Currently, the welcome offer on the card is: 60,000 membership reward points after spending $4,000 on purchases in the first 6 months of joining the card. Hi Daniel. I applied for the Amex Platinum Card which was not approved while the card was in progress, applied for a Business Plantinum Charge card and was rejected within 30 seconds. Now I have an Amex Platinum card that I have been personally approved and I want to apply for a blue Amex credit card. Is it too early to apply for a credit card? The credit card rules for Marriott cards are downright ridiculous. They are extremely tedious and a bit confusing with all the different types of Marriott cards. They also cross paths with Chase cards, which makes them even more confusing. WalletFlo will be really useful for these rules. American Express limits employees to five Amex credit cards at all times. Note that this card limit does not include cards with no fixed spending limit (often considered “hybrid” cards), as follows: Hello, I just wanted to get your opinion. I last applied for an Amex Green Charge card on 22.02. and I was rejected because my trading lines didn`t reach 6 Mos.
My mistake, because I should have waited at least a week when March 1st arrived, I was able to see my Fico score, which I hadn`t been able to see the week before. But I didn`t know this was what they needed, so I based my application on my current credit score from my banking app, making me an existing secure card. My current Fico 8 score by Experian is 742, the annual revenue is 34K and a blank record. When I received the rejection, I called Amex a week later to reconsider my decision, and last Wednesday they rejected me again, claiming that a supervisor had reviewed my application and decided to stick to their original decision. When I filled out the rejection letter online, the date didn`t even change, so it seemed like they had simply rejected my application. I told them that I am doing quite well when they apply for another loan so that I can justify that there is now a grade that can be obtained if they have applied for it again. But it didn`t even seem like they bothered to check it out. How long should I wait before trying again If you don`t currently have American Express cards, I recommend checking CardMatch to see if you can be targeted for the 100k Platinum card offering. .