Chase Freedom - Denied

[Cali_Credit]

@gardeningTate

I was just Denied for the same reason with no possibility to recon. Everyone should be aware before they App Chase!!

2 many accounts in the last 2 years! 3 this year and 4 last year so 7 in total!

2% UTI on only 1 card & Fico's all about 775 and AOAA is 5 year with oldest card reporting is 10 years old.

I'm done with Chase!! What a waste of a HP

[juniornj23]

How many account is too many

[Anonymous]

This is interesting... I wonder if you'll still be denied for too many accounts if you can get a preapproval to pop up? Or maybe you won't even get a preapproval at all?

[Anonymous]

Thank you for posting. I've recently opened up 3 accounts in February (secured--US Bank 1K, Wells Fargo 2K, Credit One) and in the last week I've landed Amex PRG, Amex Delta PLAT, USAA Amex (1K secured), Cap One QS 5K, SDFCU, Wells Fargo Propel 2500 CL, and I have an Amex BCP in "processing" status. None of these new accounts have posted on my CR's, but I have 8 EX Inq's, 4 TU Inq's, and 5 EQ Inq's. I've been on such a hot streak I was about to wrap up my spree tonight with Chase Freedom & Sapphire. But after reading these experiences, I'm thinking I'd be wasting a HP. My TU & EQ are around 710 while my EX is 790. My AAOA is 10 year's, but 3 of 5 of my account's are the new cards above from February. I'm thinking Chase would decline me.

[taxi818]

That's a huge difference is scores. I'm not sure they will decline you with a 790. Ex. Which they mostly pull anyway.

[Anonymous]

it's an epidemic @drewg but as always YMMV

[Anonymous]

The reason my EX score is sooooo much higher than TU & EQ is EX does not have any public records for me, which includes 2007 CH 7 & 2 open Judgements (Ford & Cap One), while the other two do. I specifically Appd from lenders who use EX, thus the 8 HP's. Wells Fargo surprised me and pulled EQ, but than surprised me a second time with an approval for the Amex Propel. I'm not sure if it was based on my EQ score being good enough, or my 4 months of payments and 0 BAL on my 2K secured WF VISA, plus my CHK & SAV with 10K+ a month of direct deposit, and 10K in my CHK and 10K in SAV. I also opened a 3K secured personal loan last month with them so I could show an installment loan on CR's.
I have been declined recently by BOA, DSC, and USAA. I already suffered a HP from USAA so I accepted their counter offer of secured AMEX.
I'd really like to app Chase, but I now have about 18 Inq's recently. Only the original 3 CC's I opened in Feb are reporting currently. So would I stand a better chance with Chase now with just alot of Inq's, or, wait for all these new account's to report and than apply ??? From reading here, I'm thinking my only choices are app now or wait 2+ year's. Advice ??

[GetMeSlick]

Same for me. when i appd, Slate. Chase started looking for last two years nowadays.... 2 years....where to go lord???

[Anonymous]

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@Cali_Credit wrote:

@@Anonymous

I was just Denied for the same reason with no possibility to recon. Everyone should be aware before they App Chase!!

2 many accounts in the last 2 years! 3 this year and 4 last year so 7 in total!

2% UTI on only 1 card & Fico's all about 775 and AOAA is 5 year with oldest card reporting is 10 years old.

I'm done with Chase!! What a waste of a HP

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I also have 7, and they approved me when I reconned. However, as was noted by another member, this was my first Chase card.

[tempusfugit123]

This seems untrue.  I was just approved for a freedom card and I added 12 new accounts in 8 months. Seems like they are grabbing for excuses not to dish out the $200.