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Established Contributor
Jlu
Posts: 569
Registered: ‎06-12-2012

Multiple Chase recon attempts (CSP) UPDATED EXECUTIVE OFFICE PART 2

[ Edited ]

I jumped the gun and apped for the CSP last night. I got the 7-10 message - no surprise there. I waited until this afternoon to call the backdoor number to see what the status was. The analyst cited high inquiries as my only negative. He also States that without Chase my highest limit would be 1500 from Discover. At this point I said thanks for your help, I never asked for a recon and he didn't offer. 

 

Tonight after dinner I call the backdoor number again to plead my case except this time I asked for a recon. He was citing nothing but high inquiries the whole time. I ask for a recon and he places me on hold for 3 to 5 minutes. He does not have the good news that I am used to hearing. He basically told me that my 20+ inquiries were hurting my chances of an approval. So I thanked him for his consideration and promptly hung up the phone. 

 

 

Now, I've heard of people calling and calling and calling until they get an approval. I don't want to be that guy. I do not however want to waste an inquiry. 

 

Can you guys talk me into calling once more tomorrow and possibly give me some tips for explaining away inquiries? They are all non-morgage and non-auto loan inquiries. A lot from damn Cap and the 3-bureau CLI requests

Wallet: JP Morgan Select Visa Signature $10k | Chase Sapphire Preferred $7k | Citi ThankYou Premier Visa Signature $5700 | AMEX Premier Rewards Gold Card | Barclaycard Visa $5k | Discover IT $10k | Chase Freedom Visa $3k | Capital One Quicksilver $3k | Bank of America Cash Rewards Visa Signature $8k | Walmart Store $5k | Amazon Store $10k | Chase Total Checking |
Contributor
Eschaton
Posts: 103
Registered: ‎02-08-2012

Re: Multiple Chase recon attempts (CSP)

[ Edited ]

I don't want to burst your bubble here.

 

Chase only pulls one CRA, that means you have 20 inquiries on whichever agency they pulled from. They pulled Experian for me (and most people it seems like), but Equifax pulls are quite common also. While Capital One does pull all three agency, it's one hit on each.. not all three on the same one.

 

That, and CSP minimum is a $5000 CL, odds of you getting approved are fairly astronomical if your highest limit at this point is $1500. 

 

I don't know if you want to attempt a recon after hearing that, but since you took the hit, you may as well attempt it one more time.

 

EDIT: Wait, you have a $9000 limit on one card, I would definitely bring that up,  Definately would not hurt to attempt a recon. But 20 inquiries is a lot nonetheless.

EDIT Again >.>: He speciflly said that besides Chase, thie highest would be $1500? That's peciular.. I'm no expert, maybe someone else could chime in here with their experiences with Chase recon. I personally reconn'ed twice for the Freedom, they didn't give me a specific reason why I was denied the first time around though. 

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

Gardening since 03/2012
Experian score: 728
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012

Re: Multiple Chase recon attempts (CSP)

Chase pulled two on me. EX and EQ

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Frequent Contributor
seigex
Posts: 425
Registered: ‎05-16-2012

Re: Multiple Chase recon attempts (CSP)


jd5189 wrote:

Chase pulled two on me. EX and EQ


Chase Freedom App: EQ

Chase Sapphire App: EX (2 days later)

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500
Established Contributor
Jlu
Posts: 569
Registered: ‎06-12-2012

Re: Multiple Chase recon attempts (CSP)

[ Edited ]

Thanks for the advice guys. IF SOMEONE has a number or name other than the main recon number listed on the backdoor thread a PM would greatly be appreciated. The CSP is the last and final card that will finish off my lineup so I do really want it. Thus I'm willing to devote a decent amount of time to securing an approval. 

Wallet: JP Morgan Select Visa Signature $10k | Chase Sapphire Preferred $7k | Citi ThankYou Premier Visa Signature $5700 | AMEX Premier Rewards Gold Card | Barclaycard Visa $5k | Discover IT $10k | Chase Freedom Visa $3k | Capital One Quicksilver $3k | Bank of America Cash Rewards Visa Signature $8k | Walmart Store $5k | Amazon Store $10k | Chase Total Checking |
Valued Contributor
navigatethis12
Posts: 1,881
Registered: ‎01-24-2012

Re: Multiple Chase recon attempts (CSP)

I rang three times and no go unless I moved credit which I did not want to do, so I missed the $500 :smileysad:. Anyway, you could try lowering the JP Morgan Select to 5000 and the Freedom to 1000; that would make up the 5000 needed to obtain the Chase Sapphire Preferred.

 

I think it really weird that the inquiries reason varies so much. I have a lot and have never really had a problem with getting a card or an increase because of them.

Established Contributor
n777ua
Posts: 566
Registered: ‎05-29-2011

Re: Multiple Chase recon attempts (CSP)

Just remember, every time you have an encounter its noted.  They'll see that you've called twice and were specifically denied once.  I guess 3 times calling isn't extreme, but if you do call again and get denied, I'd leave it alone.  Its also possible (although unlikely) they'll snoop around and maybe not like what they see, and in addition to your CSP denial, you'll get an unwelcome CLD. (Not saying its likely at all, but whenever you get someone manually reviewing reports this is possible)

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Business Gold NPSL, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $4.4k, Target $.2k, CapOne $2k Von Maur NPSL,
Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: Multiple Chase recon attempts (CSP)

Pulled eq&exp for me. Took me two recons to get approved for a $5k Chase Freedom :-) 20+ inqs is a heck of a lot :-/
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012

Re: Multiple Chase recon attempts (CSP)


youngandcreditwrthy wrote:
Pulled eq&exp for me. Took me two recons to get approved for a $5k Chase Freedom :-) 20+ inqs is a heck of a lot :-/
You really should wait until those INQs wear off. 20 is way too high and I don't think they'll budge on that.
FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Multiple Chase recon attempts (CSP)

[ Edited ]

Chase didn't pull my credit initially and I applied for 2 chase cards a few days behind each other. On my CR, I only have one inquiry. The first card I applied for, no pull. The second, a hard pull. It was really weird. Chase used an internal scoring system the first time around. I think its all YMMV kind of thing. They pulled Experian for me.

 

I would call Chase up again and request another recon. Explain the reason for all the inquires and pray! Don't take a HP for nothing!

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015

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