topic Re: No love from Chase this week CSP decline in Credit Card Applications

No love from Chase this week CSP decline

Anonymous — Fri, 17 Jul 2015 14:33:38 GMT

these jerks (lol). I have 4 Chase cards, roughly $50k credit over the 4 and a $456 balance (now $0 after this am). 719 EQ on 7/16 when I did the app.

I applied and got a "letter in the mail" response, I called the BD number this morning and the girl said "we think you have enough credit" I said "no such thing , Ive put over $100k on these 4 (3 of them actually) over the last 12 months and have a $456.00 balance and your gonna deny me?" she said "we appreciate the business, but your are good" lol

So Im gonna leave Chase to twist for 6 months and load up Citi and AMEX until 2016.

Thoughts? I called the backdoor number 888-245-0625, really thought they would give me something... and I was loving on Chase for a long, long time.

Re: No love from Chase this week CSP decline

redpat — Fri, 17 Jul 2015 14:51:10 GMT

As the Rolling Stones say, "You can't always get what you want."

It's not Chase's fault, they just think you capped out with them, 50k isn't bad.

You have 50k with Chase, what is your total CL with others?

Good luck with Citi you will end up in the same place as you are with Chase.

Re: No love from Chase this week CSP decline

Anonymous — Fri, 17 Jul 2015 15:19:50 GMT

PenFed is $21, Citi is $26, AMEX is $46, Cap 1 is $19.

and less than 1% UTI across all cards....acutally as of this morning, less than 0.5% (0.44%)

Re: No love from Chase this week CSP decline

redpat — Fri, 17 Jul 2015 15:27:07 GMT

@Anonymous wrote:
PenFed is $21, Citi is $26, AMEX is $46, Cap 1 is $19.

and less than 1% UTI across all cards....acutally as of this morning, less than 0.5% (0.44%)

Umm, that's 162K combined, unless your income is deeeep into the six figures, you might have capped out.

It isn't about utilization, it is more about available credit in their risk assements in UR.

Re: No love from Chase this week CSP decline

Anonymous — Fri, 17 Jul 2015 15:38:21 GMT

idk, how do you know if you "cap out"?

so I should narrow it down to 3-4 cards and increase limits to $30-40k each?

How am I gonna get all the cool credit card icons on my signature? lol

Re: No love from Chase this week CSP decline

redpat — Fri, 17 Jul 2015 15:43:17 GMT

@Anonymous wrote:
idk, how do you know if you "cap out"?

so I should narrow it down to 3-4 cards and increase limits to $30-40k each?

How am I gonna get all the cool credit card icons on my signature? lol

It looks like Chase told you their opinion.

Good luck!

Re: No love from Chase this week CSP decline

Callandra — Fri, 17 Jul 2015 17:57:24 GMT

@Anonymous wrote:
idk, how do you know if you "cap out"?

so I should narrow it down to 3-4 cards and increase limits to $30-40k each?

How am I gonna get all the cool credit card icons on my signature? lol

There's no "set" amount you cap out at...it's whenever the bank feels you have enough credit for your income/credit file. Some banks are more conservative than others.

If you still want your cards, you should keep them! Have you tried asking Chase (backdoor number) to take some credit from your existing cards and put it towards a CSP? They -may- do that.

Re: No love from Chase this week CSP decline

Jerry45 — Fri, 17 Jul 2015 21:14:10 GMT

@Anonymous wrote:
these jerks (lol). I have 4 Chase cards, roughly $50k credit over the 4 and a $456 balance (now $0 after this am). 719 EQ on 7/16 when I did the app.

I applied and got a "letter in the mail" response, I called the BD number this morning and the girl said "we think you have enough credit" I said "no such thing , Ive put over $100k on these 4 (3 of them actually) over the last 12 months and have a $456.00 balance and your gonna deny me?" she said "we appreciate the business, but your are good" lol

So Im gonna leave Chase to twist for 6 months and load up Citi and AMEX until 2016.

Thoughts? I called the backdoor number 888-245-0625, really thought they would give me something... and I was loving on Chase for a long, long time.

A drag. Sorry to hear that. Chase seems to have a no more than 4 new accounts, in the last two years rule. From what I hear