topic Re: Chase denial, too many new cards in Credit Card Applications

Chase denial, too many new cards

SouthJamaica — Fri, 16 Sep 2016 23:38:30 GMT

I applied for the AARP card, which is not subject to the 5/24 rule.

Despite my 766 EX FICO8 score I was turned down.

When I called to recon, the rep said it was because I'd opened too many new cards, saying I'd opened 10 new accounts in the past 12 months. He said if I really want a Chase card I should ease up on the applications

Just passing it along to those of you who, like me, can't resist applying for new cards

Re: Chase denial, too many new cards

YoungB718 — Fri, 16 Sep 2016 23:44:17 GMT

Appreciate the Info. Like you, I've got to cool my boots with the apps but it's just so damn addictive.

Re: Chase denial, too many new cards

SouthJamaica — Sat, 17 Sep 2016 00:59:21 GMT

@YoungB718 wrote:
Appreciate the Info. Like you, I've got to cool my boots with the apps but it's just so damn addictive.

It really is

Re: Chase denial, too many new cards

AverageJoesCredit — Sat, 17 Sep 2016 01:30:14 GMT

Come on SJ! Its not like you had 12 cards in 12 months The nerve of this bank..... ;

Re: Chase denial, too many new cards

SouthJamaica — Sat, 17 Sep 2016 01:33:23 GMT

@AverageJoesCredit wrote:
Come on SJ! Its not like you had 12 cards in 12 months The nerve of this bank..... ;

Well maybe he counted wrong It's not like me to let a whole month go by without a new card

Re: Chase denial, too many new cards

mattmyFIC0 — Sat, 17 Sep 2016 13:00:43 GMT

Did the app go pending and then you called recon or did you get a denial in the mail before calling?

Re: Chase denial, too many new cards

SouthJamaica — Sat, 17 Sep 2016 13:15:12 GMT

@mattmyFIC0 wrote:
Did the app go pending and then you called recon or did you get a denial in the mail before calling?

After getting denial in the mail.

Re: Chase denial, too many new cards

kdm31091 — Sat, 17 Sep 2016 18:18:01 GMT

It's not under official 5/24 but Chase reps are definitely trained to frown on new accounts (which is understandable). Sorry for the denial. Compared to the general population, most of us have way, way more cards in the past year or two, so denials for this reason are not a surprise.

Probably a good idea to lay low on new accounts for several months and then try again. Although they reference a year, I think the immediately proceeding 6 months are what matter the most. If you garden for that long I'm sure you would be able to be approved.

Re: Chase denial, too many new cards

SouthJamaica — Sat, 17 Sep 2016 18:59:38 GMT

@kdm31091 wrote:
It's not under official 5/24 but Chase reps are definitely trained to frown on new accounts (which is understandable). Sorry for the denial. Compared to the general population, most of us have way, way more cards in the past year or two, so denials for this reason are not a surprise.

Probably a good idea to lay low on new accounts for several months and then try again. Although they reference a year, I think the immediately proceeding 6 months are what matter the most. If you garden for that long I'm sure you would be able to be approved.

Agreed, but at this stage of the game, getting a Chase card isn't of great importance to me. (a) I have plenty of cards. (b) Chase's cash back features are nothing I can't get elsewhere, their UR rewards are probably too complicated for my tastes, and their base features, like fees and interest, are basically horrendous, and (c) I'm more interested in credit union cards now, than in getting hooked into a major bank.

But I am trying to garden, just because that will bring my credit scores up, and if I do succeed in going through a period of self restraint, I'll probably take another look at Chase's offerings.

Re: Chase denial, too many new cards

AverageJoesCredit — Sat, 17 Sep 2016 23:07:20 GMT

Pray that Comenity doesnt release a DC universe Visa siggy credit card ......I wonder how far one could fly with Superman and Comenity ?? Lol

Re: Chase denial, too many new cards

Anonymous — Sun, 18 Sep 2016 01:10:35 GMT

@SouthJamaica wrote:
@YoungB718 wrote:
Appreciate the Info. Like you, I've got to cool my boots with the apps but it's just so damn addictive.
It really is

Agreed....

Re: Chase denial, too many new cards

Anonymous — Thu, 22 Sep 2016 04:59:08 GMT

Yea, it can be addictive. The anticipation of waiting for that 60 sec response, then the wait for the pending app, keeps that adrenaline flowing and gives you that high. Well, i was hard after I applied for my last card, now I'm cruising good for the last 2 weeks. I'm all set with what I got, 19/24. Just letting them all age. Sept 2018, all inquiries will drop off for good.

Re: Chase denial, too many new cards

austinguy907 — Thu, 22 Sep 2016 05:05:27 GMT

WOW!!! The audacity of Chase!!!!!!

And now back to reality.