topic Re: Chase Sapphire Preferred® Card Rejected in Credit Card Applications

Chase Sapphire Preferred® Card Rejected

bobnathan0295 — Mon, 08 Aug 2022 05:51:16 GMT

Both I and my spouse were rejected for Chase Sapphire Preferred Card applications

I have 2 negatives on Chase cards 18 months ago. I had two 120 day lates. My partner has a clean record with Chase (has a 120 day late with Citi). Both of us have 720+ credit scores.

Any advice

Re: Chase Sapphire Preferred® Card Rejected

Jnbmom — Mon, 08 Aug 2022 11:29:59 GMT

@bobnathan0295 wrote:

Both I and my spouse were rejected for Chase Sapphire Preferred Card applications
I have 2 negatives on Chase cards 18 months ago. I had two 120 day lates. My partner has a clean record with Chase (has a 120 day late with Citi). Both of us have 720+ credit scores.

Any advice

Unfortunately you have negative history internally with chase 120 days late is a serious lateness, the only thing that will help is time . As with your wife again 120 days late is a serious lateness and chase didn't approve because of that, so time is really the only think you can do unless you can try to GW the lates but that usually does not fare well with chase or citi.

Re: Chase Sapphire Preferred® Card Rejected

Priory_Man — Mon, 08 Aug 2022 14:29:24 GMT

The 120 day late is going to hurt for a while sadly, that is a pretty major ding. I think you will have to give this card a miss for a year or so until that 120 day gets a bit more age on it.

Re: Chase Sapphire Preferred® Card Rejected

bigseegar — Mon, 08 Aug 2022 15:50:03 GMT

Yep Chase doesn't like Lates (or Negatives period really) but especially when they are 120 days as that's a major late payment and on top of that yours is actually with them. Along with y'all are applying for one of their Top Tier cards as well. Going to be quite a while before they'll approve you for that card I would think. I'm alos surprised with mulitple 120 Lates even at 18 months as that isn't that old that your scores are 720. Be thankful for that but creditors look at the entire picture not just scores.

Re: Chase Sapphire Preferred® Card Rejected

SDMarik — Tue, 09 Aug 2022 14:31:02 GMT

That 120 is going to hurt you for a while, as others have said the only option is to let that age. The 120's you have on Chase are probably going to prevent an approval for quite some time, depending on how old your partners is would influence how long they have to wait. If you want a quick DP, one of my co-workers had a 120 on his file (not with Chase) that was 5 years old when he applied for a CSP and he got approved.

Re: Chase Sapphire Preferred® Card Rejected

coldfusion — Tue, 09 Aug 2022 16:43:59 GMT

Recon!

With the 120 day lates you'd need to do a Top Tier sales job to convince an analyst you're worth the risk but your only investment would be the time spend on the phone. There's nothing to lose by trying.

Re: Chase Sapphire Preferred® Card Rejected

TheRedHat — Thu, 11 Aug 2022 19:26:39 GMT

Just curious. How many credit cards have you and your wife opened in the past two years prior to applying for the Chase Sapphire Preferred card?

Re: Chase Sapphire Preferred® Card Rejected

bobnathan0295 — Fri, 19 Aug 2022 18:13:19 GMT

we applied for 7-8 credit cards. Plus we had a mortgage approved

Re: Chase Sapphire Preferred® Card Rejected

bobnathan0295 — Fri, 19 Aug 2022 18:13:47 GMT

I will try in another year

Re: Chase Sapphire Preferred® Card Rejected

bobnathan0295 — Fri, 19 Aug 2022 18:14:33 GMT

A nice idea: try on the phone instead of online

I will keep it in mind when I try next year

Re: Chase Sapphire Preferred® Card Rejected

xenon3030 — Sun, 21 Aug 2022 03:00:52 GMT

Give a try to recon but to get a solid approval, typically you should be <5/24. If you really want CSP, you should garden for a while to address also that late payment issue.

Re: Chase Sapphire Preferred® Card Rejected

Lou-natic — Mon, 22 Aug 2022 13:47:07 GMT

@bobnathan0295 wrote:
we applied for 7-8 credit cards. Plus we had a mortgage approved

Do you have 5 credit card approvals in the past 24 months? If so your chances of getting another Chase are close to zilch.

The 120 day late with Chase, even when it's gone from your credit report...Chase will always remember that. Chase has a long memory.

How long exactly I don't know but I had a CO with Chase back in the mid 2000s and even a few weeks ago when I was checking out another card (I had a Chase Amazon Prime card and was eyeing the Chase Freedom Unlimited) before I decided to just cut ties for now, they still had my original address I used with them listed on the credit app. Even though I haven't used that address in over 15 years and never with my Chase Amazon Prime card. When people say Chase has a long memory they aren't exaggerating.