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Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
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Re: Multiple Chase recon attempts (CSP)

[ Edited ]

Jlu wrote:

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. 


PM'd you.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
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Revelate
Posts: 9,547
Registered: ‎12-30-2011
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Re: Multiple Chase recon attempts (CSP)

Maiden: I'd check your other reports if you haven't honestly; what you describe would be highly irregular behavior and Chase is pretty well known not only to make HP's but also to pull different bureas for repeated applications (which makes a lot of sense actually).

You may have just gotten lucky, but even any lender's internal score approval is still going to lodge an inquiry for a new card. Sure they color outside the lines on SP CLI's but to not pull on a first approval, lottery-winner rare.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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YahComb
Posts: 599
Registered: ‎03-10-2012
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Re: Multiple Chase recon attempts (CSP)

20 inqs is a lot, but as long as a significant portion is over 1 year ago thats usually not a big deal, especiallyy if you can explain that many were from auto shopping(if thats true). One thing to consider also is total exposure limit. if you get a CSP, thats at least 5000 more, theyre already giving you 11000. they may not want to give you 16000 right now. In that case, you could try moving over 1K or 2K from the JPMS and see if you can get it.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
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Re: Multiple Chase recon attempts (CSP)

One way you can help get a CSP is if you have an checking / savings with Chase, I've been told many times by my bank manager clients (i have 5 Chase managers) that if you have over $10,000 in their accounts it really improves your chances. My dad has an account with Chase Ink for his business for 12 years and with a 666 Fico got approved for a CSP. Which normally takes 720+ to do.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012
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Re: Multiple Chase recon attempts (CSP)

I got my CSP on one recon with a 664 EX FICO and nine inquiries in the last six months.  

 

They cited inquiries, high balances, and short history for me.  I explained that four out of the nine inquiries were auto loan shopping and two were Chase and that the balances were all paid off. The representative and I chatted about the trip to Europe that my wife and I are planning and how I'd like to have a travel card with no Forex fees.  I also have personal and business accounts with Chase that see an average of $7-8k through them every month.  The balance is usually around $5k.

 

I'm not sure if you'll be able to explain the inquiries away like I did, but if you have a reasonable justification for your application you may be able to convince them.  I really don't know what that justification would be, given that you have the Select and it has all of the perks of the CSP except the UR points.  Telling them you want to earn more points usually doesn't work.

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webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Multiple Chase recon attempts (CSP)


CreditScholar wrote:

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.

+1..   I got declined for my amazon card, they cited inqs...  the good news for me is that they were ALL mortgage related.  I hadn't applied for a credit card in over 2 years when I had apped for my chase amazon card, and then applied for zync right after that


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
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Re: Multiple Chase recon attempts (CSP)

I had like maybe 1-2inqs in six months when I got approved for freedom.

Why not just keep doing what you're doing...garden for six months, get some clis on current cards, and then try again.

Personally, I'm beginning to learn that building credit can't be rushed.
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 $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
Jlu
Posts: 879
Registered: ‎06-12-2012
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Re: Multiple Chase recon attempts (CSP)

See, most of my inquiries were from applying prematurely for cards I didn't yet qualify for. Having just hit 600's I got excited and went apping for a lot of GE/store/gas cards thinking 'how hard could it be?'. Also then getting excited again when I hit 650 and apping for BoA/Citi cards. The success stories for Zync (RIP) were encouraging enough to make me app once a month for the past year to no avail (AMEX hates me). Asking for CLIs without knowing about HP's were brutal too. Not to mention apping for Cap1 cards when I already had 2 was a mistake. All these rebuilding-related HP's are what brought me to the 20 inquiries that I now stand at. STILL though, I had 18 of them on here when I was approved for the JP Morgan Select - but I swear that was a fluke.

 

We all have our 'one lucky break' in the credit game. It's that situation of pure luck where you obtain something that common wisdom tells you that you've got no business having, yet you got it anyways. Whether it's the guy who got the $10k initial CL from Discover recently, Tanner with his alleged Centurion & Palladium, the Cap1 $10k CLI guy, or the guy with the AMEX Platinum 1 yr post-BK. We all got a story.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
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Re: Multiple Chase recon attempts (CSP)

I don't have a story =( Although my credit was 400's last year =x Now I have CL little over 50k including AU. Last month was 10k , and a personal of $3,900 =x


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Multiple Chase recon attempts (CSP)

The reason why that is is because banks have to spread credit risk... At least that's what I think... Someone with an 800 fico is basically never going to default, but someone with a 600 fico might default...so it just seems as though every once in a while, a guy with a 600 fico ends up with a card that should be given to a guy with an 800 fico lol :-P
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 $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k

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