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Regular Contributor
Posts: 106
Registered: ‎02-08-2012
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Chase Freedom -- denied, APPROVED AFTER RECON!

[ Edited ]

Hi guys, I just got denied by Chase Freedom, I thought I'd apply because of all the success I've seen lately.

 

I was denied for: 

 

Length of time on accounts that have been established (1 year 3 months)

Too many inquiries in the last 12 months (2, 1 from a credit union to open an account and one from Amex)

Balances too high compared to credit limites (20% utilization)

 

My question is, is it worth trying to recon this? I kind of expected the denial because my low history

 

They pulled EX and said my score was 728.

Capital One Journey (12/2010) | Chase Freedom (03/2012) | American Express Zync (03/2012)

Gardening since 03/2012
Experian score: 752 (6/2014)
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Chase Freedom -- denied, worth a recon?


Eschaton wrote:

Hi guys, I just got denied by Chase Freedom, I thought I'd apply because of all the success I've seen lately.

 

I was denied for: 

 

Length of time on accounts that have been established (1 year 3 months)

Too many inquiries in the last 12 months (2, 1 from a credit union to open an account and one from Amex)

Balances too high compared to credit limites (20% utilization)

 

My question is, is it worth trying to recon this? I kind of expected the denial because my low history

 

They pulled EX and said my score was 728.


I'd say its worth a shot!! As long as you can explain the 20% util.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
Posts: 825
Registered: ‎12-28-2011
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Re: Chase Freedom -- denied, worth a recon?

A lot of people have luck with Chase on recon so definitely give them a call. Moreso than other creditors I've seen. Good luck!

Regular Contributor
Posts: 106
Registered: ‎02-08-2012
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Re: Chase Freedom -- denied, worth a recon?

I spoke to a rep, she said it will remained denied and was unable to over turn.. oh well. Guess I won't be applying to any cards for a year or so.. stupid pre approval letters giving me hope. Guess it's gardening for me for a year  or two :smileywink:

 

Thanks for your time guys!

Capital One Journey (12/2010) | Chase Freedom (03/2012) | American Express Zync (03/2012)

Gardening since 03/2012
Experian score: 752 (6/2014)
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Chase Freedom -- denied, worth a recon?


Eschaton wrote:

I spoke to a rep, she said it will remained denied and was unable to over turn.. oh well. Guess I won't be applying to any cards for a year or so.. stupid pre approval letters giving me hope. Guess it's gardening for me for a year  or two :smileywink:

 

Thanks for your time guys!


Might be a good thing to opt-out as well...................




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
Posts: 106
Registered: ‎02-08-2012
0

Re: Chase Freedom -- denied, worth a recon?

I don't mind those letters, I usually just toss them anyways. I really wanted to get a second card started so I can have at least 2 cards to help with my AAoA later on. But I really don't want any more hard inquires on my EX. Seems like no one pulls EQ or TU :/

Capital One Journey (12/2010) | Chase Freedom (03/2012) | American Express Zync (03/2012)

Gardening since 03/2012
Experian score: 752 (6/2014)
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Chase Freedom -- denied, worth a recon?


Eschaton wrote:

I don't mind those letters, I usually just toss them anyways. I really wanted to get a second card started so I can have at least 2 cards to help with my AAoA later on. But I really don't want any more hard inquires on my EX. Seems like no one pulls EQ or TU :/


Try for a GE store account (JCP, Old Navy) they primarily pull TU.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
Posts: 634
Registered: ‎07-07-2011
0

Re: Chase Freedom -- denied, worth a recon?

You should call to recon again. Chase can take up to 3 calls before successful recon. Call them again tomorrow. Don't give up. Don't waste the HP!
Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Chase Freedom -- denied, worth a recon?


laboi_22 wrote:
You should call to recon again. Chase can take up to 3 calls before successful recon. Call them again tomorrow. Don't give up. Don't waste the HP!

+1




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
Posts: 419
Registered: ‎03-05-2012
0

Re: Chase Freedom -- denied, worth a recon?


Eschaton wrote:

Hi guys, I just got denied by Chase Freedom, I thought I'd apply because of all the success I've seen lately.

 

I was denied for: 

 

Length of time on accounts that have been established (1 year 3 months)

Too many inquiries in the last 12 months (2, 1 from a credit union to open an account and one from Amex)

Balances too high compared to credit limites (20% utilization)

 

My question is, is it worth trying to recon this? I kind of expected the denial because my low history

 

They pulled EX and said my score was 728.


Wow, that seems really sensitive. 2 INQs is nothing. Your AAoA is on the lower side but I got a Freedom with relatively low AAoA (less than 2 years). I would definitely call in for a recon.
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