@DeeBee78 wrote:
@Booboo71 wrote:Why is Chase saying you have to wait 2 years before you can be approved or be able to apply for the Sapphire card? I realize for the part of too many applications biut that seems somewhat ridiculous. Any thoughts?
They're cutting off people who churn their cards for bonuses. It's a case of the few ruining it for the many.
Nothing else to do but follow their rules if you want them in your wallet. I can't apply for the CSP until March of 2017.
Not a churner. Never was, never will be. I don't think I would have the time to even think about it. But they have made is bad for the rest of us. 
I have to wait! I would think 1 year is more feasible but I dunno? I myself do not Churn and but giftcards to make my spend or close accounts and then turn around and reaplly for the same card to get the bonus again. too much work and hassle.
@shane82388 wrote:Ok, I'm feeling a little out of the loop here....this is a new thing that if you have 10 Chase cards you cant apply for 2 years from your last Chase approval? Or if you have 10 cards in general? I dont really get what the "2 year wait for Sapphire" is here?
Sorry, just out of the loop...
@shane82388 wrote:Ok, I'm feeling a little out of the loop here....this is a new thing that if you have 10 Chase cards you cant apply for 2 years from your last Chase approval? Or if you have 10 cards in general? I dont really get what the "2 year wait for Sapphire" is here?
Sorry, just out of the loop...
Shane if Itry to apply I get stopped because A. I have 10 chase cards in a short amount of time and B. I app'd like mad person so I have a load of inquiries. That is my situation. Read above it might not be 2 years for you.
@shane82388 wrote:
@Booboo71 wrote:
@shane82388 wrote:Ok, I'm feeling a little out of the loop here....this is a new thing that if you have 10 Chase cards you cant apply for 2 years from your last Chase approval? Or if you have 10 cards in general? I dont really get what the "2 year wait for Sapphire" is here?
Sorry, just out of the loop...
@shane82388 wrote:Ok, I'm feeling a little out of the loop here....this is a new thing that if you have 10 Chase cards you cant apply for 2 years from your last Chase approval? Or if you have 10 cards in general? I dont really get what the "2 year wait for Sapphire" is here?
Sorry, just out of the loop...
Shane if Itry to apply I get stopped because A. I have 10 chase cards in a short amount of time and B. I app'd like mad person so I have a load of inquiries. That is my situation. Read above it might not be 2 years for you.
Ahh okay...well I guess I could understand how that would be with the 10 Chase cards...espeically in a short period of time. Seems like they would percieve that as a lot of exposure to one person I suppose...
To add to this, a month or twoish ago, Chase started throwing down the hammer and handing out denials where multiple people were told the reason was because they had 5 tradelines from other lenders in the past 2 years. I didn't follow it closely enough but it seemed like might be any 5 tradelines including Chase.
Long debate on some threads on it, if you search think original author was Yes-Its-Me in the most discussed; however, while this hasn't held apparently for everyone, it's evident Chase has done a fairly significant overhaul on their underwriting on their primary non-co-brand cards.
Even limited spreers like myself will have to probably be a little more restrained, and I never have gone over 4 tradelines in a single spree before, though I may start soon as mortgage closes heh. I don't fall afoul of their current UW no fly zone (miss it by 4 months) and I do have a decent relationship with Chase, but we'll see as I may be skirting the lines between some new tradelines in the past 2 years and a slew of inquiries from the mortgage process; hopefully they're smart enough to ignore that or I'm good enough to be able to recon that away if it happens.
Given that the average number of cards held by the typical American consumer is less than 5, it's not a bad policy for a lender to institute though it kicks a number of us to the curb for a while... have to really want it and strategize it's acquisition now whereas before it just wasn't that challenging to acquire.
