@Anonymous wrote:The approval in the link is for the Slate which has been mentioned as being one that seems to be available despite the rule. Not sure what previous card you applied for but if it wasnt the CSP or Freedom they wouldn't mention the rule as it doesn't apply to their co branded cards. Additionally they don't always provide every reason for a denial. What card are you going to apply for? If it's either of those 2, be prepared for a decline but if you have a HP to waste, guess it's worth the try. Good luck.
Right, the 5/24 applies only to Chase branded UR based consumer cards; in this case, this applies to only two cards, the Freedom and CSP. From my understanding and a coversation with several of their analysts, after a certain number of new accounts (could be 5, or more), the system won't allow the Analysts to override for an approval, which they were able to in the past, and still may for any of their other cards, inculding the Inks.
With the recent UR devaluation and its $95 fee, this rule most assuredly makes sense for the CSP, especially in light of the newly improved PRG. In its current state, the CSP just, not unlike the PRG, just screams "churn me," especially since URs confer a full 1:1 cash equivalent conversion.
As to the Freedom, not sure why the rule applies here. I can't imagine anyone bothering to churn this card.
