topic Re: Chase Marriott - Decline... Recon... and Waiting! in Credit Card Approvals

Chase Marriott - Decline... Update: Approved

Creditaddict — Tue, 20 Oct 2020 21:58:24 GMT

They started using the Fico EX V2 score which I don't like, mine 661. My Fico 8 is 712.

Declined for Inquiries... SHOCK FACE! LOL

I mean besides my normal credit card applying, we purchased a condo in April, gut remodeled it and put new AC in, now currently refinancing it, I refinanced my Lexus, I purchased a Tesla after ordering it 3 times and applying twice ( I should have talked myself out of that one).

I called into verification and asked to be transferred, he put me on hold at least 8 times at 1-2 minutes each... guess that's the new process to just keep coming back and saying working on it!

Finally came back... The system allowed it to go to 2nd final review... hmm.

Mod note: I've updated your subject to reflect your approval; feel free to change/edit if you would like. --UB

Re: Chase Marriott - Decline... Recon... and Waiting!

FinStar — Tue, 20 Oct 2020 17:30:13 GMT

I'm assuming you're under 5/24, but was that the only reason listed for the decline?

Re: Chase Marriott - Decline... Recon... and Waiting!

Meanmchine — Tue, 20 Oct 2020 18:03:28 GMT

Good luck !

Re: Chase Marriott - Decline... Recon... and Waiting!

1GaDawg85 — Tue, 20 Oct 2020 19:53:04 GMT

Can't wait to hear what they say lol

Re: Chase Marriott - Decline... Recon... and Waiting!

Creditaddict — Tue, 20 Oct 2020 21:36:12 GMT

@FinStar wrote:
I'm assuming you're under 5/24, but was that the only reason listed for the decline?

No, way over 5.

that was only decline reason on letter

Re: Chase Marriott - Decline... Recon... and Waiting!

Creditaddict — Tue, 20 Oct 2020 21:40:50 GMT

😱🤩 just logged in!

Re: Chase Marriott - Decline... Recon... and Waiting!

FinStar — Tue, 20 Oct 2020 21:44:07 GMT

@Creditaddict wrote:
@FinStar wrote:
I'm assuming you're under 5/24, but was that the only reason listed for the decline?
No, way over 5.
that was only decline reason on letter

Sorry, just to clarify, you've opened more than 5 revolving accounts in the past 2 years?

Although they can cite inquiries as one reason, especially since they've tightened up UW a bit, their main focus is still the number of accounts opened in the past 24 months (excluding personal/installment loans, mortgages, auto financing). Typically, the 5/24 decision cannot be overturned.

Re: Chase Marriott - Decline... Recon... and Waiting!

FinStar — Tue, 20 Oct 2020 21:46:07 GMT

@Creditaddict wrote:
😱🤩 just logged in!

Well Jimminy Christmas 😜. Congrats on the approval @Creditaddict !

Re: Chase Marriott - Decline... Recon... and Waiting!

addicted_to_credit — Tue, 20 Oct 2020 21:52:55 GMT

Congrats @Creditaddict , For clarification, what is way over 5/24 like how many over 5?

Re: Chase Marriott - Decline... Recon... and Waiting!

CreditCuriosity — Tue, 20 Oct 2020 22:05:24 GMT

Congrats.. Did CA break the 5/24 rule or chase relaxing it? hmm..

Re: Chase Marriott - Decline... Recon... and Waiting!

cashorcharge — Tue, 20 Oct 2020 22:05:56 GMT

Congratulations on your approval!!! Enjoy that new card!

Re: Chase Marriott - Decline... Recon... and Waiting!

addicted_to_credit — Tue, 20 Oct 2020 22:11:24 GMT

@CreditCuriosity wrote:
Congrats.. Did CA break the 5/24 rule or chase relaxing it? hmm..

@CreditCuriosity , right!! Inquiring minds wanna know!

Re: Chase Marriott - Decline... Recon... and Waiting!

Creditaddict — Tue, 20 Oct 2020 22:37:19 GMT

When I get home I will pull a credit report to check what I'm forgetting but off the top of my head:

Sams club

PayPal MasterCard

Rakuten visa

jcrew

A finance account for our AC but if you're saying personal lines don't count maybe🤔

lines of credit don't count?

Re: Chase Marriott - Decline... Recon... and Waiting!

CreditCuriosity — Tue, 20 Oct 2020 22:40:21 GMT

Reporting accounts in the last 2 years not business accounts.. Not sure in LOC's count or not to be honset, but car loans and those don't count. It is accounts not inquiries in the last 2 years store account included. You might actually be under 5/24?

Re: Chase Marriott - Decline... Recon... and Waiting!

CreditMagic7 — Tue, 20 Oct 2020 22:43:56 GMT

@CreditCuriosity wrote:
Congrats.. Did CA break the 5/24 rule or chase relaxing it? hmm..

Whom else could?

Re: Chase Marriott - Decline... Update: Approved

M_Smart007 — Tue, 20 Oct 2020 22:48:10 GMT

Congratulations on your Approval..

Re: Chase Marriott - Decline... Recon... and Waiting!

Anonymous — Tue, 20 Oct 2020 22:54:31 GMT

Congratulations on the recon!

Re: Chase Marriott - Decline... Recon... and Waiting!

Creditaddict — Tue, 20 Oct 2020 23:06:22 GMT

So if lines of credit, auto, and my AC loan which shows under real estate don't count towards 5/24, I was at 5.

Adding in lines of credit would bring me to 9.

auto would add 3 more.

Re: Chase Marriott - Decline... Recon... and Waiting!

FinStar — Tue, 20 Oct 2020 23:12:57 GMT

@Creditaddict wrote:
When I get home I will pull a credit report to check what I'm forgetting but off the top of my head:
Sams club
PayPal MasterCard
Rakuten visa
jcrew
A finance account for our AC but if you're saying personal lines don't count maybe🤔
lines of credit don't count?

Like @CreditCuriosity mentioned upthread, LOCs and PLOCs (non-business) do count, but it depends on how they're coded on your CRs. Installment loans, personal loans are typically excluded from the 5/24 tradelines count. So, if you broke through the 5/24 restriction, go play the lottery! 😜

Re: Chase Marriott - Decline... Recon... and Waiting!

FinStar — Tue, 20 Oct 2020 23:14:23 GMT

@Creditaddict wrote:
So if lines of credit, auto, and my AC loan which shows under real estate don't count towards 5/24, I was at 5.
Adding in lines of credit would bring me to 9.
auto would add 3 more.

That's likely the best scenario. Needless to say, congrats on your new Marriott/Bonvoy CC.