topic Re: Chase card denial in Credit Card Applications

Chase card denial

cupofcoffee — Wed, 23 Jan 2019 02:13:09 GMT

Hi everyone.

I applied for a Chase disney card a few months back (I've applied 2 times before over the past 6 months as well as trying a few times at capital one/citi) and I got a denial letter saying: too many requests for credit in the past 3 months, and also: too many requests for credit in the past 24 months. My credit history is 7 months old. I realize I applied too many times, my only credit card is an Amex I got using the global transfer service (transferring my UK credit history) and I foolishly assumed since amex is a card that requires an established credit history, that would mean I could apply for others pretty quickly, I have learned my lesson now though! I am confused by the denial letter however. Does the 2nd reason for denial mean I won't be able to apply for 24 months? Any advice would be helpful I just started generating a FICO score through Amex, Experian FICO 8 728, and my Equifax non-FICO score is 675. (I didn't realize FICO takes 6 months to start generating till I found this fourm, another rookie mistake lol)

Re: Chase card denial

Anonymous — Wed, 23 Jan 2019 02:13:52 GMT

Hello and welcome to the forums!

How many inquiries do you have? I know that Chase would prefer to see a year of history before being approved. There have been people approved outside of these guidelines but they are few and far between.

Re: Chase card denial

AverageJoesCredit — Wed, 23 Jan 2019 02:14:02 GMT

Welcome to the forum and US credit I love coffee so ill drink one in your honor and the knowledge that now you found myFico, your credit journey will be much smoother Cheers

Re: Chase card denial

cupofcoffee — Wed, 23 Jan 2019 02:28:43 GMT

@Anonymous wrote:
Hello and welcome to the forums!

How many inquiries do you have? I know that Chase would prefer to see a year of history before being approved. There have been people approved outside of these guidelines but they are few and far between.

11, a few were from Amex trying to pull my credit when I first applied and failing since I didn't have a credit file at the time. I tried going through global transfer but they put my application through the standard way until I called back, and I also tried asking about a product change cause I wasn't sure about the cash magnet card, and I think that resulted in a pull. The rest are from Chase (the first time I tried they couldn't find a file and I was told to retry later but it still resulted in a hard pull), capital one and citi. I think one was from my bank as my account is new. Thanks for welcoming me!

Re: Chase card denial

cupofcoffee — Wed, 23 Jan 2019 02:30:58 GMT

@AverageJoesCredit wrote:
Welcome to the forum and US credit I love coffee so ill drink one in your honor and the knowledge that now you found myFico, your credit journey will be much smoother Cheers

Hahaha thank you!

Re: Chase card denial

800FICOGoal — Thu, 24 Jan 2019 00:30:09 GMT

@cupofcoffee wrote:
11, a few were from Amex trying to pull my credit when I first applied and failing since I didn't have a credit file at the time. I tried going through global transfer but they put my application through the standard way until I called back, and I also tried asking about a product change cause I wasn't sure about the cash magnet card, and I think that resulted in a pull. The rest are from Chase (the first time I tried they couldn't find a file and I was told to retry later but it still resulted in a hard pull), capital one and citi. I think one was from my bank as my account is new. Thanks for welcoming me!

WOW!!!. Sorry, but no prime bank will approve unsecured credit with a file containing that many inquiries with less than one year of history. I would start looking at secured cards or wait until they age.

Re: Chase card denial

Anonymous — Thu, 24 Jan 2019 01:18:45 GMT

ehhhhhh....yeah they will I see it with my own eyes almost daily on this forum! LOL Heck let me DOUBLE DOWN - I DID IT! So NO you are WRONG!

Re: Chase card denial

cupofcoffee — Thu, 24 Jan 2019 00:42:26 GMT

Ah ok, so do you think I would ned to wait 24 months like the Chase denial stated? or would like another 6-12months be OK?

Re: Chase card denial

Anonymous — Thu, 24 Jan 2019 01:16:49 GMT

I can't answer that - I would say with Chase particularly - YES. The others no and don't get so enamored with Chase. You have LOTS of OPTIONS my friend. LOL ride it out 6 months and see what doors open through the prequal sites such as Amex, Discover, etc..

I just don't like when people blatantly pop off with fictional replies like they are the gospel!! Its garbage - you have a shot. Just give it some time. I wish you nothing but the best!

Re: Chase card denial

cupofcoffee — Thu, 24 Jan 2019 01:29:37 GMT

@Anonymous wrote:
I can't answer that - I would say with Chase particularly - YES. The others no and don't get so enamored with Chase. You have LOTS of OPTIONS my friend. LOL ride it out 6 months and see what doors open through the prequal sites such as Amex, Discover, etc..

I just don't like when people blatantly pop off with fictional replies like they are the gospel!! Its garbage - you have a shot. Just give it some time. I wish you nothing but the best!

Thank you! Unfortunately I won’t be able to apply for Discover since I have an ITIN (tax ID for people ineligible for ssn), and Discover only accepts SSNs; Chase, BofA, Amex, capital one and Citi all accept ITINs though, they’re the same length as an SSN

Re: Chase card denial

Pikaboo-icu — Thu, 24 Jan 2019 01:56:01 GMT

@Anonymous wrote:
I can't answer that - I would say with Chase particularly - YES. The others no and don't get so enamored with Chase. You have LOTS of OPTIONS my friend. LOL ride it out 6 months and see what doors open through the prequal sites such as Amex, Discover, etc..

I just don't like when people blatantly pop off with fictional replies like they are the gospel!! Its garbage - you have a shot. Just give it some time. I wish you nothing but the best!

While I understand the point you're making and it's correct we shouldn't state things like that as absolute fact, there is a friendlier way to put it..

Saying: "No you are WRONG" and the above post is rather antagonistic & argumentative..

You can be right and still be polite. Keep it friendly..

Re: Chase card denial

Anonymous — Thu, 24 Jan 2019 02:02:26 GMT

Enlighten me - What wasn't friendly and please be specific...

Re: Chase card denial

Pikaboo-icu — Thu, 24 Jan 2019 02:01:56 GMT

I believe I already was specific.

I'm not getting into a back & forth with you-

PEACE OUT

Re: Chase card denial

Anonymous — Thu, 24 Jan 2019 02:03:56 GMT

Okay sorry I offended you. I apologize.

Re: Chase card denial

Pikaboo-icu — Thu, 24 Jan 2019 02:05:29 GMT

@Anonymous wrote:
Okay sorry I offended you. I apologize.

Thank you..

It isn't me I was concerned about though- I have tough skin..

We (the collective you, me and everyone) have to keep this place as friendly as possible.

The more the merrier posting here..

Thanks..

Re: Chase card denial

UncleB — Thu, 24 Jan 2019 04:16:58 GMT

Friendly reminder... all posts must be Friendly, Supportive, and Respectful.

--UB

Re: Chase card denial

Anonymous — Thu, 24 Jan 2019 02:13:32 GMT

Of course! Cheers!

My main concern is new posters getting false info. It's not right but I know people are super sensitive and I will follow suite to be super friendly in my corrections. I was that new poster and yes you can dispute a HP hahaha - Love you all!!

Re: Chase card denial

FinStar — Thu, 24 Jan 2019 02:24:51 GMT

And, by the same token, we've often seen things that can go in either direction.

Sure, someone can have oodles of new accounts and inquiries and either be denied or be approved. It's all profile-dependent, so we have to keep things in perspective. Not everything is going to be a slam dunk and not every (legitimate) inquiry will be able to be removed successfully.

What's valuable is that the OP found these forums and based on the collective information, they can decide for themselves. It's how you deliver your advice that can make the difference.

Re: Chase card denial

Anonymous — Thu, 24 Jan 2019 02:26:32 GMT

Agreed - Thanks Fin!

Re: Chase card denial

bondsandloan — Fri, 25 Jan 2019 05:16:40 GMT

@800FICOGoal wrote:

WOW!!!. Sorry, but no prime bank will approve unsecured credit with a file containing that many inquiries with less than one year of history. I would start looking at secured cards or wait until they age.

Correct. Your AoOA = 7 months? You have an Amex. Check the Capital One pre-approvals, if you have one, get one. Else apply for secured card (Citi maybe?) If you had less inquiries, I'd say get an SSL too. Let everything age for 7-8 months (no more INQs)- You'll be good to go with a Chase.