topic Re: Amazon card? in Credit Card Applications

Amazon card?

bRICrEAW — Sat, 02 Jul 2022 00:19:27 GMT

I am interested in the Amazon credit card and $200 sign-up bonus, and I want to apply. I just got the Sapphire Reserve a few days ago. I am happy with the card and credit limit, but I am a little scared to apply. Is it too risky to apply for another Chase card this soon? I can't get the store card due to issues with Synchrony Bank. When the Sapphire reports, I will be back at 5/24. I want this card and the Walmart card for groceries, and then I plan to garden for a long time. I did get an amex earlier this year, and I did get a couple of cards last fall. Other than that, my accounts are all older. My scores are around 810. Is it a bad idea to try to get these two cards right now?

Re: Amazon card?

OmarGB9 — Sat, 02 Jul 2022 03:32:07 GMT

Yes its a bad idea because you admitted you'll be back at 5/24, and because Chase doesn't like you to open up accounts/go on sprees after theirs. They've been known to shut down recently approved accounts.

I don't think the risk of losing your CSP is worth trying for an Amazon card.

Re: Amazon card?

SouthJamaica — Sat, 02 Jul 2022 11:23:23 GMT

@bRICrEAW wrote:
I am interested in the Amazon credit card and $200 sign-up bonus, and I want to apply. I just got the Sapphire Reserve a few days ago. I am happy with the card and credit limit, but I am a little scared to apply. Is it too risky to apply for another Chase card this soon? I can't get the store card due to issues with Synchrony Bank. When the Sapphire reports, I will be back at 5/24. I want this card and the Walmart card for groceries, and then I plan to garden for a long time. I did get an amex earlier this year, and I did get a couple of cards last fall. Other than that, my accounts are all older. My scores are around 810. Is it a bad idea to try to get these two cards right now?

With your outstanding score, I would take a shot at it. According to this article, Chase limits you to 2 cards within a 30-day period, which I read as saying it's ok to get 2 Chase cards within a 30-day period: https://www.forbes.com/advisor/credit-cards/how-long-should-i-wait-between-credit-card-applications/

Yes you'll be at 5/24 but in the last year Chase has been waiving 5/24 like crazy for this particular card: the Chase Amazon Prime Visa. Recent examples:

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Approved-for-CHASE-AMAZON-VISA-SIG-OVER-5-24/td-p/6559503

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Chase-Amazon-Visa-Approved/td-p/6559577

Re: Amazon card?

Guyatthebeach — Sat, 02 Jul 2022 14:01:18 GMT

Check the preapproval page on Amazon. If it gives you a preapproval, try it out. The worst case outcome is you get denied.

Guyatthebeach

Re: Amazon card?

SouthJamaica — Sat, 02 Jul 2022 14:12:32 GMT

@Guyatthebeach wrote:
Check the preapproval page on Amazon. If it gives you a preapproval, try it out. The worst case outcome is you get denied.

Guyatthebeach

This card doesn't show up on the preapproval page.

Re: Amazon card?

coldfusion — Sat, 02 Jul 2022 14:17:13 GMT

I'd lean toward agreeing with @SouthJamaica on this one, if you're willing to take the risk of burning 1-2 HPs only to get a denial.

People can and do get approved for 2 x Chase cards within 30 days of each other, even on back-to-back days, and as was pointed out the recent trend is for this card is for some flexibility regarding the 5/24 rule. What may hurt you is that at least 4 of these cards including the Sapphire were acquired less than 12 months ago.

If you go down this path though I would think about holding off applying for any other cards including the Walmart card for at least a few months.

Re: Amazon card?

bRICrEAW — Sat, 02 Jul 2022 17:53:39 GMT

@SouthJamaica wrote:
@Guyatthebeach wrote:
Check the preapproval page on Amazon. If it gives you a preapproval, try it out. The worst case outcome is you get denied.

Guyatthebeach
This card doesn't show up on the preapproval page.

I just checked the preapproval, and it states that they cannot obtain my report right now. I have read that this is a common error

Re: Amazon card?

mfinsmi1 — Sat, 02 Jul 2022 20:22:05 GMT

I applied when i was over 5/24 and you have a much better credit score than me , and i got approved. Id say you probably will be approved.

Re: Amazon card?

GatorGuy — Sat, 02 Jul 2022 22:33:08 GMT

Chase knows you're at 5/24 since the last card you were approved for was with Chase. You won't be pulling anything over on them.

However that doesn't mean you will be denied. People have been approved for this card with more new accounts then you. But it is usually with a pre-approval. As mentioned, all you have to lose is a HP or two.

Re: Amazon card?

SouthJamaica — Sun, 03 Jul 2022 01:04:43 GMT

@bRICrEAW wrote:
@SouthJamaica wrote:
@Guyatthebeach wrote:
Check the preapproval page on Amazon. If it gives you a preapproval, try it out. The worst case outcome is you get denied.

Guyatthebeach
This card doesn't show up on the preapproval page.

I just checked the preapproval, and it states that they cannot obtain my report right now. I have read that this is a common error

If I were you I would just go to the Amazon site and apply for it. Best bet is to start buying something, when you get little ad in the checkout section for the card, click it. You'll probably get an option to apply for it or to see if you're prequalified.

Re: Amazon card?

CYBERSAM — Tue, 05 Jul 2022 04:54:45 GMT

I got Amazon on 02/25/2022 and CSP on 05/27/2022. In fact they offered the CSP to me on the site...

As long as you don't go on app spree you should be fine.

Re: Amazon card?

JLRDC909 — Thu, 07 Jul 2022 19:58:01 GMT

Chase has declined every application I had in with them when I was right at 5/24. Not over, but at! Now I'm under again I was approved for the Quest card from United.

While there has been some people approved above or at 5/24, I think that Chase still stands by that rule (although some reps will deny it even exists). One agent told me she could see the cards at 5/24 and when I would go under that number BUT...she could do nothing to override that decision, nor could a supervisor.

some people will always get through the cracks but I don't think it's Chases standard M.O. a few years back they went on a new account shutdown spree with people falling under 5/24, applying for another Chase card, then other issuers right after Chase approved them. So, while it might be an unwritten rule, I still think Chase stands by it and I wouldn't do anything to jeopardize my relationship with them.

Re: Amazon card?

Crowhelm — Thu, 07 Jul 2022 23:42:57 GMT

@OmarGB9 wrote:
Yes its a bad idea because you admitted you'll be back at 5/24, and because Chase doesn't like you to open up accounts/go on sprees after theirs. They've been known to shut down recently approved accounts.

I don't think the risk of losing your CSP is worth trying for an Amazon card.

Really? I got the Amazon Prime card last June and followed up by getting 5 more credit cards, not even counting becoming an authorized user on two of my wife's credit cards as well and it definitely didn't cause anything bad to happen with Chase, in fact, they gave me a 25% credit line increase instead. I think if he has a solid credit score he will be just fine.

Re: Amazon card?

bRICrEAW — Fri, 08 Jul 2022 05:45:05 GMT

@Crowhelm wrote:
@OmarGB9 wrote:
Yes its a bad idea because you admitted you'll be back at 5/24, and because Chase doesn't like you to open up accounts/go on sprees after theirs. They've been known to shut down recently approved accounts.

I don't think the risk of losing your CSP is worth trying for an Amazon card.
Really? I got the Amazon Prime card last June and followed up by getting 5 more credit cards, not even counting becoming an authorized user on two of my wife's credit cards as well and it definitely didn't cause anything bad to happen with Chase, in fact, they gave me a 25% credit line increase instead. I think if he has a solid credit score he will be just fine.

How long did you wait between the chase card and the other cards?

Re: Amazon card?

Crowhelm — Fri, 08 Jul 2022 14:20:37 GMT

@bRICrEAW wrote:
@Crowhelm wrote:
@OmarGB9 wrote:
Yes its a bad idea because you admitted you'll be back at 5/24, and because Chase doesn't like you to open up accounts/go on sprees after theirs. They've been known to shut down recently approved accounts.

I don't think the risk of losing your CSP is worth trying for an Amazon card.
Really? I got the Amazon Prime card last June and followed up by getting 5 more credit cards, not even counting becoming an authorized user on two of my wife's credit cards as well and it definitely didn't cause anything bad to happen with Chase, in fact, they gave me a 25% credit line increase instead. I think if he has a solid credit score he will be just fine.
How long did you wait between the chase card and the other cards?

Well, Amazon was June. FNBO Evergreen beginning of July but then I had a little gap. Citi Custom Cash followed in September, Affinity in December, AOD in January (even though we applied for it just before Christmas, they took their sweet time, but well worth it), and then Lowes just last month. So I guess as long as you have gaps like that it is ok? Are we talking 5 cards in a week? I guess that could really spook a bank.

Re: Amazon card?

coldfusion — Fri, 08 Jul 2022 14:50:19 GMT

@Crowhelm wrote:
Are we talking 5 cards in a week? I guess that could really spook a bank.

Yes, it can.

Chase does not like being a participant in app sprees, has a track record of making frequent AR soft pulls the first couple of months after a new card is approved (gradually tapering off), and has no qualms about closing new accounts if there was what they perceive as being excessive recent additional credit seeking behavior. There have been multiple posts here before from members who discovered this for themselves.

Hence my suggestion above that if applying for the Amazon card it would be prudent to wait a few months before pursuing the Walmart card.

Re: Amazon card?

Crowhelm — Fri, 08 Jul 2022 15:10:01 GMT

@coldfusion wrote:
@Crowhelm wrote:
Are we talking 5 cards in a week? I guess that could really spook a bank.
Yes, it can.

Chase does not like being a participant in app sprees, has a track record of making frequent AR soft pulls the first couple of months after a new card is approved (gradually tapering off), and has no qualms about closing new accounts if there was what they perceive as being excessive recent additional credit seeking behavior. There have been multiple posts here before from members who discovered this for themselves.

Hence my suggestion above that if applying for the Amazon card it would be prudent to wait a few months before pursuing the Walmart card.

That makes perfect sense. Guess my definition of getting credit cards fast is way off compared to some here, lol