topic Re: Amazon Chase lol/24 Rejection in Credit Card Applications

Amazon Chase lol/24 Rejection

Anonymous — Fri, 26 Nov 2021 01:13:58 GMT

I saw a bunch of reports of getting this one while being above 5/24 and tried it yesterday. Instant rejection. Account message/letter today listed one reason for rejection- too many accounts in last 24 months.

stats:

750 to 767ish FICO

12 or 13/24, 7/12, 0/6 new accounts.

8 to 10 inquiries, though they didn't mention this being a rejection reason

4% aggregate UTL

Two current Chase cards, CF (16 years old) and CFU (3 years old).

May the odds be ever in your favor!

Re: Amazon Chase lol/24 Rejection

collics — Fri, 26 Nov 2021 02:06:27 GMT

Sorry about the denial.

At what time will you be under 5/24?

Re: Amazon Chase lol/24 Rejection

FinStar — Fri, 26 Nov 2021 02:21:14 GMT

Ouchies. Sorry to hear about the outcome @Anonymous. I went ahead and linked your thread to this topic so we can compile some DPs around the 5/24 scenarios.

Re: Amazon Chase lol/24 Rejection

Anonymous — Fri, 26 Nov 2021 02:43:52 GMT

@collics wrote:
Sorry about the denial.

At what time will you be under 5/24?

Mid 2023?

Not really bothered by Chase 5/24 for now. Other than sign up bonuses, they aren't super compelling for me lately.

Re: Amazon Chase lol/24 Rejection

MrT_521 — Fri, 26 Nov 2021 20:53:36 GMT

@Anonymous wrote:
Not really bothered by Chase 5/24 for now. Other than sign up bonuses, they aren't super compelling for me lately.

What's interesting is that this is presumably the very reason the 5/24 rule exists.

Re: Amazon Chase lol/24 Rejection

CreditMagic7 — Sat, 27 Nov 2021 03:39:41 GMT

Chase sure has had the strings pulled tight on that new policy but given the recent increases in cardholders getting the Amazon Card beyond that threshold, if it was me i would call their U/W line. Just on the outside chance they 'might'? be willing to overturn such a denial anyway.

At least that would show them your willing to chance the possibility and you will defend the loss of that INQ in some small fashion.

Just saying such an effort after a turn down on an app it is an option. Who knows.

Re: Amazon Chase lol/24 Rejection

Anonymous — Sat, 27 Nov 2021 06:46:33 GMT

I have 4 Chase cards. The only one I actually applied for from Chase is now 42 years old. My other three ended up at Chase when Providian sold out to Chase and I had one from WAMU that went to Chase when they went belly up. My Providian cards went to Chase I am thinking about 17 years ago.

I know how Chase can be with a CLI request. I have too many inquries and too many new accounts so I NEVER asked Chase for a CLI on any of my accounts since it may trigger an AA on my existing accounts. From what I see on here they want people who have high scores, almost no new accounts and very few inquries. Well that leaves me out LOL

Thanks

Mark

Re: Amazon Chase lol/24 Rejection

2manyinquiries — Mon, 29 Nov 2021 19:26:44 GMT

Applied on 11/27/2021 and just received the letter of denial for too many accounts in the past 2 years.

FICO 803-814

Util 1%

Income $250K

14/12, 19/24

2 Chase cards

Re: Amazon Chase lol/24 Rejection

OmarGB9 — Tue, 30 Nov 2021 15:37:17 GMT

@2manyinquiries wrote:
Applied on 11/27/2021 and just received the letter of denial for too many accounts in the past 2 years.

DP
FICO 803-814
Util 1%
Income $250K
14/12, 19/24
2 Chase cards

Are those 14/12 and 19/24 inquiries or accounts? Cause if they're accounts I can see why they rejected you. They're seemingly loosening up the 5/24 rule to an extent, but not THAT much.

Re: Amazon Chase lol/24 Rejection

kdm31091 — Wed, 01 Dec 2021 02:42:54 GMT

It seems, based on what I've read, being at 6, 7, 8, or so in 24 is (sometimes) still okay for the Amazon card as of late. Being lol/24 still gets you a denial in most cases.

Re: Amazon Chase lol/24 Rejection

1GaDawg85 — Wed, 01 Dec 2021 16:48:11 GMT

@kdm31091 wrote:
It seems, based on what I've read, being at 6, 7, 8, or so in 24 is (sometimes) still okay for the Amazon card as of late. Being lol/24 still gets you a denial in most cases.

I was 9/24 and approved with an Amazon card. I think if you start going double-digit, they might have an issue.

Re: Amazon Chase lol/24 Rejection

FinStar — Wed, 01 Dec 2021 18:40:27 GMT

@1GaDawg85 wrote:
I was 9/24 and approved with an Amazon card. I think if you start going double-digit, they might have an issue.

Just to clarify, is your 9/24 based on inquiries or accounts? The 5/24 is based off accounts. Unless, you inquiries + the number of accounts is the same.

Also, how many new accounts in the past 12 months?

Re: Amazon Chase lol/24 Rejection

1GaDawg85 — Wed, 01 Dec 2021 19:05:19 GMT

@FinStar wrote:
@1GaDawg85 wrote:
I was 9/24 and approved with an Amazon card. I think if you start going double-digit, they might have an issue.
Just to clarify, is your 9/24 based on inquiries or accounts? The 5/24 is based off accounts. Unless, you inquiries + the number of accounts is the same.

Also, how many new accounts in the past 12 months?

9/24 on inquiries

8/24 new accounts

Re: Amazon Chase lol/24 Rejection

FinStar — Wed, 01 Dec 2021 19:32:29 GMT

@1GaDawg85 wrote:
@FinStar wrote:
@1GaDawg85 wrote:
I was 9/24 and approved with an Amazon card. I think if you start going double-digit, they might have an issue.
Just to clarify, is your 9/24 based on inquiries or accounts? The 5/24 is based off accounts. Unless, you inquiries + the number of accounts is the same.

Also, how many new accounts in the past 12 months?
9/24 on inquiries

8/24 new accounts

Ok, thanks for clarifying your DPs.

Most of the denials (from what folks have shared here + other blogs) have typically been with profiles 10/24 (and greater or beyond LOL), especially with those having a great portion of those in a 12 month period.

Re: Amazon Chase lol/24 Rejection

1GaDawg85 — Wed, 01 Dec 2021 23:31:12 GMT

@FinStar wrote:
@1GaDawg85 wrote:
@FinStar wrote:
@1GaDawg85 wrote:
I was 9/24 and approved with an Amazon card. I think if you start going double-digit, they might have an issue.
Just to clarify, is your 9/24 based on inquiries or accounts? The 5/24 is based off accounts. Unless, you inquiries + the number of accounts is the same.

Also, how many new accounts in the past 12 months?
9/24 on inquiries

8/24 new accounts
Ok, thanks for clarifying your DPs.

Most of the denials (from what folks have shared here + other blogs) have typically been with profiles 10/24 (and greater or beyond LOL), especially with those having a great portion of those in a 12 month period.

I had quite a few new accounts in the last 12 months as well. I guess I never thought about how much I have moved in the credit world till I look at the numbers lol

Re: Amazon Chase lol/24 Rejection

MrT_521 — Thu, 02 Dec 2021 08:51:51 GMT

@FinStar wrote:
Most of the denials (from what folks have shared here + other blogs) have typically been with profiles 10/24 (and greater or beyond LOL), especially with those having a great portion of those in a 12 month period.

Besides here, there are plenty of posts about this on Reddit subs r/churning and r/CreditCards. I believe the highest DP I've seen of success is 9/24. It seems that Chase didn't completely do away with the 5/24 concept, but increased it.

Re: Amazon Chase lol/24 Rejection

Wavester64 — Tue, 07 Dec 2021 22:39:25 GMT

@1GaDawg85 wrote:
@kdm31091 wrote:
It seems, based on what I've read, being at 6, 7, 8, or so in 24 is (sometimes) still okay for the Amazon card as of late. Being lol/24 still gets you a denial in most cases.
I was 9/24 and approved with an Amazon card. I think if you start going double-digit, they might have an issue.

Re: Amazon Chase lol/24 Rejection

Relatxbles — Wed, 08 Dec 2021 17:24:02 GMT

Sorry to hear but best of luck in the future! Thanks for sharing!