@Anonymous wrote:
@Anonymous wrote:
wow, I had no idea about this rule... I guess I won't be getting any Chase cards for the next 2 years, lol.
It doesn't apply to all Chase cards. The vast majority of their cards are co branded and are not under the 'rule'. It's only the CSP and Freedom that get denied because of it. The rest are readily available if your credit is sufficient. I'll give you an example. Back in May, my g/f applied for the CSP with scores in the 750s and was instantly denied. Called three times on recon (and I even talked to the analyst on one occasion). This was before I was completely aware of the new rule and each ans,yet referenced the chance. The last one told her you should really apply for one of our co branded cards and you'll probably be approved. Sure enough, she hung up, applied for the Marriott and was instantly approved with a limit of $18,000.
Right, one Analyst (who was really a professional and amiable person) tried everything to override the system, but to avail. The Analyst, after offering some insights on the implementation of the new rule, encouraged me to app again after a "certain" amount of time has passed.
This is one reason why it's better to take advantage of these offers while they exist. Given that we're likely in the middle to late innings of the bonus-rewards game, terms and offers here on out will only be nerfed, not better. To wit. Amex's purging backdating (single biggest CC benefit of any Issuer) & once per lifetime consumer, Chases 5/24, and Citi's 18 month bonus rule. Even a couple of years ago, with good CRAs, a person could have harvested up to 500K points in the aforementioned 3 Issuers with very little effort.
There aren't many truisms in life, but "one who hesitates, loses" is certainly one of them, in my view. Now, it's all gone.
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