topic Re: Declined for Chase today in Credit Card Applications

Declined for Chase today

Anonymous — Tue, 15 May 2018 21:39:30 GMT

I appled for Chase 3 days ago and got a 30 day decision notice.

I called the recon line at 1-888-270-2127 and they told me that I was declined.

They said it was because insufficient credit. I told the csr:

"That's why I applied for this card.

How am I supposed to get sufficient credit if i'm declined?"

...of course she had no response.

I have a credit card with Wells fargo for 15 months now (was secured and now its a revolving).

I have a car loan paid down from 18k to 6k.

No lates on anything.

7 year credit file

My credit scores are 760, 720, and 730.

All I need is a card with a credit line of 2500-3000. I wouldn't think that would be difficult with my credit profile.

I opened an account with Navy Federal with $20. What should I do next? How can I get a $3000 credit card line?

Re: Declined for Chase today

Gmood1 — Tue, 15 May 2018 21:53:13 GMT

Sorry for your denial. Chase has been on a roll lately.

Definitely find a different lender to start/build your credit.

I'd suggest Navy, Discover and Amex.

All are tolerant of thin files. Don't look at Chase until you've got atleast two CCs, possibly three with some solid history.

Re: Declined for Chase today

Anonymous — Tue, 15 May 2018 22:06:15 GMT

Welcome to the "CDDR" (Chase denial despite recon) club! As Gmood1 suggested, I would try another lender. In my case, the same day I was denied by Chase, I was approved by Amex for $10k ED and a $13.5k BCE cards and a day later approved by USBank, so it seems Chase can be quite picky.

Re: Declined for Chase today

Anonymous — Tue, 15 May 2018 22:18:16 GMT

Any specific suggestions for cards?

What's the name of the amex card?

Re: Declined for Chase today

fltireguy — Tue, 15 May 2018 22:24:27 GMT

I would HUCA and plead my case with someone else... beg and plead for a $1k or even $500 SL.. you might get lucky

Chase can be a strange animal at times

Re: Declined for Chase today

FinStar — Tue, 15 May 2018 22:25:54 GMT

I would suggest on researching and finding the right credit card that would fit your specific needs rather than just apply for a card that wouldn't provide some sort of benefit.

Is the intended card you're looking for to gain rewards of some form, like cashback? Are you looking for a balance transfer type of credit card? What is the present limit on your Wells Fargo CC?

Re: Declined for Chase today

Anonymous — Tue, 15 May 2018 22:31:52 GMT

Which Chase card did you apply for?

Regarding your question about which Amex card... ED = Amex EveryDay, BCE= Amex Blue Cash Everyday.

@Anonymous wrote:
I appled for Chase 3 days ago and got a 30 day decision notice.
I called the recon line at 1-888-270-2127 and they told me that I was declined.
They said it was because insufficient credit. I told the csr:
"That's why I applied for this card.
How am I supposed to get sufficient credit if i'm declined?"
...of course she had no response.

I have a credit card with Wells fargo for 15 months now (was secured and now its a revolving).
I have a car loan paid down from 18k to 6k.
No lates on anything.
7 year credit file

My credit scores are 760, 720, and 730.

All I need is a card with a credit line of 2500-3000. I wouldn't think that would be difficult with my credit profile.
I opened an account with Navy Federal with $20. What should I do next? How can I get a $3000 credit card line?

Re: Declined for Chase today

jlitnns — Tue, 15 May 2018 22:32:49 GMT

I'd take a look at Navy, maybe go for a card and the CLOC. It will be multiple HP's but could pay off. Chase has shown me no love.

Re: Declined for Chase today

Anonymous — Tue, 15 May 2018 22:35:29 GMT

wf limit is $600.

I'd love cash back or travel rewards but..

I suppose beggars can't be choosers so i'm open to suggestions for anyone who would approve a thin credit file.

Re: Declined for Chase today

FinStar — Tue, 15 May 2018 22:44:08 GMT

Ok, right now most lenders, especially Chase, aren't going to hand out any approvals in the ~$3K range given your current thin profile.

Is Wells Fargo your only revolving tradeline? Aside from the loan, any other active tradelines? Any negative items?

Re: Declined for Chase today

sjt — Tue, 15 May 2018 23:18:49 GMT

@fltireguy wrote:
I would HUCA and plead my case with someone else... beg and plead for a $1k or even $500 SL.. you might get lucky

Chase can be a strange animal at times

Call Recon and plead your case.

Re: Declined for Chase today

Anonymous — Tue, 15 May 2018 23:43:18 GMT

as others have mentioned definatley look into Amex BCE or even delta gold skymiles. I'm pretty sure you will get a pretty decent(re:close to $3k) starting limit

Re: Declined for Chase today

Anonymous — Wed, 16 May 2018 01:07:33 GMT

Try your best to get your Navy bank account to at least $50 or I believe they will fine you and possibly close the account after either a year or six months.

It took me about 3 1/2 years to start seeing cards from $10k-$25k. If you are not a member of Sam's Club and have one in town I would go sign up for a membership. With your scores they would probably pre-approve you with their Mastercard. Synchrony bank is the creditor.

Mine is now at $20,000 and I've had it since April 2016. It started at $5k. WalMart Marketplace is everywhere now so the card is good to save on gas also.

Re: Declined for Chase today

Anonymous — Wed, 16 May 2018 01:19:47 GMT

Apply for Discover IT. They are extremely friendly to people with newer credit. Also, Chase is extremely inquiry sensitive.

Re: Declined for Chase today

Anonymous — Wed, 16 May 2018 01:55:40 GMT

I got the discover it on a thin profile. It started at 1000 I think. Can’t remember but it was low. But I hit the luv button every three months and it grew in just a year to 11200. Then I stopped asking. The first year the did a cash back match at end of year. So it was my most used card during first year.

My profile was thinner than yours.

Re: Declined for Chase today

Anonymous — Wed, 16 May 2018 01:57:52 GMT

Wanted to add. I did not apply until the prequalification page only had a 3 percent apr range. Cause I read here more than that would be a decline. The 3 percent range a good chance. And a better chance with a solid apr. on the prequel site.

Re: Declined for Chase today

Anonymous — Wed, 23 May 2018 20:16:38 GMT

So I know that most of the Chase co-branded cards are excempt from the 5/24 rules, but as far as approvals are they less selective or the same in regard to the offical Chase cards like CSP or Freedom line?

If I get denied for a Chase business product next month but really want a new SUB to work on would you try another Chase personal or co-branded card, or jump to another bank?

I'll be at 4/24 in June, a few long standing checking/savings accounts with Chase but only the IHG CC (Closed my MP Explorer I think 2 years ago) with them currently.

Re: Declined for Chase today

Anonymous — Fri, 01 Jun 2018 18:22:12 GMT

So the day is here 4/24, applied for the Ink Cash this morning as a SP, and got the 30-day decision notice email and screen.

Now what? Call in, wait it out? Keep seeing conflicting articles of next best move. If denied still any chance for other Chase cards or go elsewhere?

Checking my Chase personal account app status shows nothing yet (should it for a business app?), but I got an alert that an inquiry was added to my Experian credit report.

Vantage Score 3.0 via Chase - 724
FICO Score 8 via Experian App - 794

Re: Declined for Chase today

FinStar — Fri, 01 Jun 2018 18:14:40 GMT

@Anonymous, it really depends.

Some folks aren't patient or don't like to wait and prefer to know yesterday, especially with the weekend coming up! 😁 It also depends on whether it might be something as simple as verification or you plan on making a pretty decent transaction fairly soon.

Others prefer to wait it out and don't want to be grilled by an UW, if it gets to that level in the UW process of course.

It's really your call.

Re: Declined for Chase today

Anonymous — Fri, 01 Jun 2018 18:52:14 GMT

@FinStar wrote:
@Anonymous, it really depends.

Some folks aren't patient or don't like to wait and prefer to know yesterday, especially with the weekend coming up! 😁 It also depends on whether it might be something as simple as verification or you plan on making a pretty decent transaction fairly soon.

Others prefer to wait it out and don't want to be grilled by an UW, if it gets to that level in the UW process of course.

It's really your call.

Yeah, seems to go both ways, i'll give it until Monday I think, keep checking my App status online and keep my fingers crossed.

Would a second app for the CSP next week require a second pull/inquiry?

Or maybe I play it safer and try Chase FU card instead via my email offer?

I just called the automated app status line for my Ink Cash app and got a "decision within 2-weeks by mail" message vs the email from this morning which stated 30-day...we'll see what tomorrow brings I guess.
Interesting that online the app status section has nothing as in no app at all.