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TPG reader Nate sent me a message on Facebook to ask about credit card applications:

“My credit score is excellent, though I do have a number of hard credit inquires on my report from previous card applications. I got denied for the first time recently (by Capital One). Should I be worried about my ability to open new accounts moving forward?”

Rewards credit cards are a great way to boost your loyalty account balances. To make sure you can get in on the top sign-up bonus offers, it’s important to manage your credit score and have a good application strategy. However, no matter how careful you are, your applications may still be denied from time to time, and it’s usually nothing to worry about.

While card issuers process applications differently, there’s generally a limit to how many accounts you can have and how much total credit they’re willing to extend you. Capital One may have decided Nate was too much of a risk due to his other recent credit inquiries. While getting denied for any reason is disappointing, having too many inquiries now shouldn’t affect your ability to get other cards down the line. You might just need to wait a while before opening any new accounts. Once the older inquiries drop from your credit report, your future applications should go through.

If your credit card application is denied (or even if it’s just not approved instantly), it’s worth calling for reconsideration. Many applications are fielded by automated systems that are likely to turn you down for having a high number of recent inquiries. However, a live agent will have more latitude to approve you by shifting credit lines or closing unused accounts to make room for the new one.

Image courtesy of Shutterstock.
Customer service may be able to approve your card application even when it’s denied initially. Image courtesy of Shutterstock.

It’s hard to say why Nate was denied without knowing the full details of his finances, but it’s probably no cause for concern in the long run. Card issuers should send a letter explaining the factors that led to your application being denied, so keep an eye out for that. If your denial is truly out of left field, it’s worth checking your credit report thoroughly to make sure everything is in order, as an accidental missed payment or high balance could throw up a red flag.

For more info on managing your credit score and getting approved for card applications, check out these posts:

If you have any other questions, please tweet me @thepointsguy, message me on Facebook or send me an email at

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

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More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
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Recommended Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.