topic Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY in Credit Card Approvals

BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

0REDSOX7 — Wed, 27 Jun 2018 20:27:11 GMT

FINALLY!!!!

Been eyeing the Chase Amazon Card since I pretty much live there, but have been afraid to with my Chapter 7 BK that was discharged back in 2014... Finally bit the bullet today, and, low and behold, got an instant denial (due to the BK, I am sure). I wanted that $70.00 gift card, why, I do not know, but, the card now offers 5% cash back on Amazon purchases, as well, so, that is an even nicer perk!

I called the recon line posted on here, got an amazing credit analyst named Drew, who, after 20 minutes or so and answering about 20 questions about my credit file, BK, etc, reversed my denial and approved me for $2,000!

While it is my lowest limit across all my cards, I am happy to finally be back with Chase and build a relationship again, especially after burning them in my BK.

They pulled both Experian and Equifax, EQ was 694 (tons of INQs from recent car shopping) and EX was 741.

I am happy - now, back to the garden!!!

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Wed, 27 Jun 2018 20:35:23 GMT

Congrats and well done on recon. Now that you're back with them future cards should get easier to be approved for.

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

0REDSOX7 — Wed, 27 Jun 2018 20:37:00 GMT

I hope, but, at the moment, there is nothing really out there that I need...so, back to the garden...

I know this one is now the 5th of the 5/24 rule they have, but, hey, that's okay. If I garden for two years, then all is right with the world...

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

CreditCuriosity — Wed, 27 Jun 2018 20:41:26 GMT

Congrats... I suppose there is an exception for every rule as last I heard Chase was a hard denial until BK was off reports, but apparently if you get the right person that isn't the case.. So it isn't like the 5/24 rule where it can't be turned over by computer programming it appears the UW o have a bit of wiggle room.. Sure alot of people here will like to hear that good news.

edit: also burnt them in the BK which makes it more surpising. 4 years and the are willing to overlook it, better than most creditors

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

0REDSOX7 — Wed, 27 Jun 2018 20:43:12 GMT

It was a hard denial, but, not without credit pulls to both bureaus before that, as others had mentioned happened to them (immediately rejection with no pulls). However, the app for the Amazon card did not ask me if I had filed for a BK in the last seven years (which maybe triggers the rejection - not sure??), but it was immediately declined.

I called 888-270-2127 - and got right through.

I was shocked they even approved me. He asked what limit I was looking for, and based on what I had read, simply state you are willing to get whatever they will offer, and just want to build the relationship again with them...

I'll take it, that's for sure...

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Wed, 27 Jun 2018 23:23:20 GMT

Congrats on approval

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Jnbmom — Thu, 28 Jun 2018 01:54:40 GMT

I take it Chase wasn't included in your BK, correct??

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

CreditCuriosity — Thu, 28 Jun 2018 02:05:54 GMT

@Jnbmom wrote:
I take it Chase wasn't included in your BK, correct??

OP said chase was IIB

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Thu, 28 Jun 2018 02:18:18 GMT

Congrats on the recon!

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Jnbmom — Thu, 28 Jun 2018 02:35:58 GMT

@CreditCuriosity wrote:
@Jnbmom wrote:
I take it Chase wasn't included in your BK, correct??
OP said chase was IIB

Thanks, I didn't see that part lol.

Wow that's awesome, 13 years and they won't touch me LOL

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

0REDSOX7 — Thu, 28 Jun 2018 10:07:35 GMT

Yes they were IIB but only for $500 - not sure if that’s why.

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Thu, 28 Jun 2018 15:53:19 GMT

Shoot, my only business with them was in the 80s with a $500 limit VISA with what was then Chemical Bank that had a good payment history. Can't get in with them at all for some reason, even on non-5/24 cards.

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

0REDSOX7 — Thu, 28 Jun 2018 18:45:36 GMT

I've read they are really strict, as well, which is why I was so hesitant, but, between the advice on here, and other websites I found, the key is getting someone at the reconciliation area that is nice and willing to listen.

Even though it's not a full on Chase card (like the Freedom, or what not), it is the Amazon one, but, it is a VISA and not just a store card, so, I will be very good to it...

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Thu, 28 Jun 2018 20:17:41 GMT

Congrats!

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

stinastina — Thu, 28 Jun 2018 21:17:51 GMT

I'm going to take this as some kind of miracle or maybe Drew isn't up on Chase policies but good for you, OP.

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

imaximous — Fri, 29 Jun 2018 12:19:16 GMT

Congrats OP! Good job on the recon.

I'm actually jealous. I was only able to get a $500 SL on the Amazon card, and $500 on the FU. My BK7 is from 2011, but I did burn them for a few K.

A lot of people have commented that it's a denial without possibility of recon, but I know others who were approved as well. If the BK denial was really coded in their system, no analyst or supervisor would be able to bypass it. I think the majority of credit analysts just aren't willing to take a chance because their jobs may depend on default stats, and approving someone with a BK is definitely high risk and a red flag. (this is my guess). I've been denied on recon only to call again and get someone willing to look at my file and approve me.

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Scupra — Fri, 29 Jun 2018 18:36:57 GMT

BOOM! This is so good to read RED! I know you had been wondering about this one and never seemed sure if you would try. So happy to see that you got back in, congrats!

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Fri, 29 Jun 2018 19:42:48 GMT

Congratulations! While I've been eyeing the Chase Amazon Visa, I knew it'd be a really hard row to hoe due to my own BK, particularly having stuck Chase for $12K in the process. This report definitely gives me hope for the future, though. I'm back in the garden now, having popped out to try my luck with the PayPal 2% MC and scoring on it, but I'll certainly put this card in my wish list for next year or the year after that..

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

morgacj2004 — Sat, 30 Jun 2018 23:37:32 GMT

I got the same card as OP at 4.5 yrs post discharge. CHASE not IIB. My lowest CL $500 with no CLI since. I use the card a lot. Also declined for other CHASE products. I would say the Amazon is the exception to the rule.

Re: BACK WITH CHASE - FOUR YEARS POST BANKRUPTCY

Anonymous — Tue, 25 Sep 2018 20:53:45 GMT

Been denied 3 years in a row, Amazon, Southwest, and Hyatt card. BK in May 2014. Spoke to A manager in the loan department in the reconsideration department as well and they said their policy is to deny anybody with a bankruptcy on their report until after the 10 years is over. So whoever was in that recon line really helped you out, congrats.