Chase Slate Denial - Even worth a recon with my current situation?

[navigatethis12]

The worst time to apply for credit is when you need it. Maybe back in 2004 or something they didn't care much about high utilisation, but I seriously doubt any lender is going to approve you with all of your cards maxed out. I don't believe a relationship with their deposit account side is going to help sway this in any way. I don't mean to sound too negative, but I am surprised everyone is saying to keep asking for reconsideration. Also if asking for a reconsideration with them, make sure to say you would like them to use the same credit report. Chase likes to pull a new inquiry right away.

[Open123]

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@navigatethis12 wrote:

The worst time to apply for credit is when you need it. 

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+1

One of the most irrational adages I've heard brandied about over the years has been, "don't apply for credit unless you need it."  Nothing can be futher from reality.  

[Epcot]

Definitely worth a recon. Unfortunately Chase is difficult to get with high util. I applied for a Slate a while back with high util and they gave me a toy limit.

Alot of good advice here, and welcome to the forum!

[dudu16]

OP here. Thank you for all the great advice! It has really given me the framework I needed to rebuild my score.

I just wanted to clarify, my banking institution is BofA, my 2 large CC's are with them as well.Not particularly satisisfied with them, but it's convenient. So using the Chase relationship angle isn't an option unless I switch over?

Just wondering, there was advice to put available cash to lower my utilization and then attempt a recon. I have roughly $1,500 in discretionary funds that I can put onto my balances right now. That would lower my 91% ($5700/$6250) utilization to 67.2% ($4200/$6250) immediately. I'm sure this would help the recon, but how long must I wait before it takes affect for the credit analyst to see it? And lastly, how long do I have to recon from my application ldate (3/27).

Thanks again everyone!

[youngandcreditwrthy]

Yw:-)!

[youngandcreditwrthy]

You have 30 days. You would likely have to take a hard pull and wait for that lowered util to report to the CRAs. If you recon, you can say that but idk how much it would help

[187johndoe]

what credit bureau did they pull your score from???

[09Lexie]

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@187johndoe wrote:

what credit bureau did they pull your score from???

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This post is a year old.  Chase can and will pull EX, EQ and TU.  In some cases, they will double pull.