topic Re: Application applying spree in Credit Card Applications

Application applying spree

Anonymous — Thu, 31 May 2018 17:42:40 GMT

Hello all,

I am currently doing a credit card applying spree. I just got denied with Chase Ink Business due to my BK. I have been reading all these forums and I was seeing that a lot of people were getting approved. I wonder what happened?

I also just got the Discover It but to my surprise, the limit was only $500 dollars, though I am grateful I was expecting a higher limit. Can anyone give me advice on who will give me CLOC without POI. And also should I go ahead and apply for my second card with Penfed due to them using the same pull for 90 days?

Credit Scores- 692 Transunion/ 682 Equifax/ Experian- unk

Goal scores 750 on all :-)

Bankruptcy CH7 09/2014 Discharged

Current Credit cards- NFCU 24K 8/17, Merrick 200 10/14, Bestbuy Citi 3k 3/17, Penfed Signature 10k 05/18,DiscoverIt 500 5/18

Re: Application applying spree

Anonymous — Thu, 31 May 2018 21:17:29 GMT

Can’t help on your other topics but Chase is quite BK unfriendly recently it seems. My app was declined 4/2018 based on a 2010 BK7 despite two recons which resulted in a second HP, they were not IIB. I would sit Chase out for the time being and not waste another HP.

Re: Application applying spree

Loquat — Thu, 31 May 2018 21:27:29 GMT

Your signature shows that you're in with NFCU...try hitting them up for a CLOC. They approved me for the full $15k with a BK13 reporting. No POI requested for their card or CLOC.

Re: Application applying spree

Anonymous — Thu, 31 May 2018 21:55:25 GMT

@Loquat .

@Loquat wrote:
Your signature shows that you're in with NFCU...try hitting them up for a CLOC. They approved me for the full $15k with a BK13 reporting. No POI requested for their card or CLOC.

Thanks! they are requesting a POI. I just don't wanna go through that right now. When I initially got my credit card they didn't ask for anything. They just turn me down for business credit so I'm kinda at a standstill with them. I just started my business and purchased a house so I need guaranteed approvals.

Re: Application applying spree

Anonymous — Thu, 31 May 2018 21:55:55 GMT

@Anonymous wrote:
Can’t help on your other topics but Chase is quite BK unfriendly recently it seems. My app was declined 4/2018 based on a 2010 BK7 despite two recons which resulted in a second HP, they were not IIB. I would sit Chase out for the time being and not waste another HP.

IKR I wish I would have seen that before applied

Re: Application applying spree

Anonymous — Fri, 01 Jun 2018 03:16:18 GMT

CHASE is no no for BK. Thats why you dont see CHASE on my signature cards. LOL.

Re: Application applying spree

Anonymous — Fri, 01 Jun 2018 05:40:07 GMT

Chase may not be BK friendly, but people with BKs have gotten them....heck, even people who included Chase in BK have gotten them(I intend to join that club, probably soon if I can get the courage). Who can forget Pizza1's tale of the epic recon call? OP, have you tried to do a recon call with them?

Re: Application applying spree

HeavenOhio — Fri, 01 Jun 2018 11:34:40 GMT

@Anonymous wrote:
Chase may not be BK friendly, but people with BKs have gotten them....heck, even people who included Chase in BK have gotten them(I intend to join that club, probably soon if I can get the courage). Who can forget Pizza1's tale of the epic recon call? OP, have you tried to do a recon call with them?

It used to be easier. More recently, bankruptcies have been automatic denials with a remote chance of being approved on recon.

Re: Application applying spree

FinStar — Fri, 01 Jun 2018 14:34:45 GMT

+1. That UW internal policy has shifted for Chase, and as long as BK is present, they will stand by the original declined decision.

@Anonymous, why not provide POI to NFCU? I mean, since you already have an existing relationship with them.

Re: Application applying spree

BronzeTrader — Sat, 02 Jun 2018 17:27:02 GMT

@Anonymous wrote:

Hello all,

I am currently doing a credit card applying spree. I just got denied with Chase Ink Business due to my BK. I have been reading all these forums and I was seeing that a lot of people were getting approved. I wonder what happened?

I also just got the Discover It but to my surprise, the limit was only $500 dollars, though I am grateful I was expecting a higher limit. Can anyone give me advice on who will give me CLOC without POI. And also should I go ahead and apply for my second card with Penfed due to them using the same pull for 90 days?

Credit Scores- 692 Transunion/ 682 Equifax/ Experian- unk
Goal scores 750 on all :-)
Bankruptcy CH7 09/2014 Discharged
Current Credit cards- NFCU 24K 8/17, Merrick 200 10/14, Bestbuy Citi 3k 3/17, Penfed Signature 10k 05/18,DiscoverIt 500 5/18

What other cards you are spreeing? Not just two of those as a spree?

Re: Application applying spree

Anonymous — Sun, 03 Jun 2018 21:14:53 GMT

Thanks for that information. I have been away from the board for awhile, I had been concentrating more on real life(I can definitely see the game aspect to this for some, when the cards aren't a necessity, and that is probably more where I personally land).

So are you saying there are no exceptions? Even for cards like the Amazon? Would Pizza1(and numerous others)'s epic recon call just be an epic denial if done today?

I'm asking not just out of curiosity or for sake of discussion, but because I'd really like a Freedom. I'm at the point that it's one of the 2 remaining cards I'd really like. Like Pizza1 and others, I IIBed them, and what I'm reading is that even if you didnt IIB them, you are BANNED because of BK?

Would it make no difference if the BK was over 7 years old and your 3 FICO 8's are 750 or higher? And the BK was the only derog on the report? I haven't been on in awhile, so I am not purposefully intending to ask something that may have already been asked, I'm being sincere.

As for a 2 card spree, it's been awhile since I read the OP so I dont recall it, but in some cases(like mine potentially), a spree may end up being 2 or 3 cards if one is thinking about the 5/24 lol.

Re: Application applying spree

Anonymous — Mon, 04 Jun 2018 15:11:40 GMT

I was thinking about doing it. but I am self-employed so I have to go through a lot to get it all together.

@FinStar wrote:
+1. That UW internal policy has shifted for Chase, and as long as BK is present, they will stand by the original declined decision.

@Anonymous, why not provide POI to NFCU? I mean, since you already have an existing relationship with them.

Re: Application applying spree

Anonymous — Mon, 04 Jun 2018 15:12:46 GMT

@BronzeTrader wrote:
@Anonymous wrote:

Hello all,

I am currently doing a credit card applying spree. I just got denied with Chase Ink Business due to my BK. I have been reading all these forums and I was seeing that a lot of people were getting approved. I wonder what happened?

I also just got the Discover It but to my surprise, the limit was only $500 dollars, though I am grateful I was expecting a higher limit. Can anyone give me advice on who will give me CLOC without POI. And also should I go ahead and apply for my second card with Penfed due to them using the same pull for 90 days?

Credit Scores- 692 Transunion/ 682 Equifax/ Experian- unk
Goal scores 750 on all :-)
Bankruptcy CH7 09/2014 Discharged
Current Credit cards- NFCU 24K 8/17, Merrick 200 10/14, Bestbuy Citi 3k 3/17, Penfed Signature 10k 05/18,DiscoverIt 500 5/18
What other cards you are spreeing? Not just two of those as a spree?

I'm looking at Fifth Third Bank, Citi, and CLOCs