topic Re: Declined for Chase Freedom - Is Recon Worth It? in Credit Card Applications

Declined for Chase Freedom - Is Recon Worth It?

joeyoey — Wed, 05 Nov 2014 02:45:35 GMT

Hi everyone,

So I've been hoping to apply for a Chase card for a few months. I really wanted the CSP but decided to go with the Freedom because of the quarterly promos.

Well, I got the 30 day message last night. I tried calling today to check the status & to see if there was any information they needed to help make a decision & was immediately shot down. They said I had too many cards open...which probably looks accurate at first glance, but most have zero balance and the ones I use I have for specific purposes & are paid off or mostly paid off each month...the AMEX BCE Pref for gas & groceries (& is also my everyday card for most things), my Chase Amazon for Amazon & restaurant purchases, my Cap One Venture for business expenses for miles, my Discover IT also for the quarterly promos. I also have another Cap One Venture One & an AMEX Delta Skymiles that I don't use & the balances are 0. I have lots of other store cards that I opened up while I was trying to rebuild my credit (also 0 balances). They're basically in a drawer & I'll never use them again.

So my question is...is there another number I can call? Is it worth even trying? This morning I was just sort of shocked & didn't even push back...just thanked her for the info & hung up.

Thanks in advance for any help!

Joey

Re: Declined for Chase Freedom - Is Recon Worth It?

uswala — Wed, 05 Nov 2014 02:49:21 GMT

In my opinion a recon never hurts!

Re: Declined for Chase Freedom - Is Recon Worth It?

Creditaddict — Wed, 05 Nov 2014 02:50:17 GMT

How long have you had the Chase Amazon?

Limit?

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 02:50:40 GMT

@uswala wrote:
In my opinion a recon never hurts!

I agree. If its a card you really want the worst that could happen is the answer will still be no in which case you could just wait 3-4 months and apply again. Go for the recon goodluck

Re: Declined for Chase Freedom - Is Recon Worth It?

joeyoey — Wed, 05 Nov 2014 03:02:32 GMT

Rejected again! Oh well, I'm going to wait about 6 months & try again. The Amazon card is actually pretty new so maybe after a few months of using that & making payments it'll help when I re-apply.

Re: Declined for Chase Freedom - Is Recon Worth It?

Creditaddict — Wed, 05 Nov 2014 03:03:14 GMT

@joeyoey wrote:
Rejected again! Oh well, I'm going to wait about 6 months & try again. The Amazon card is actually pretty new so maybe after a few months of using that & making payments it'll help when I re-apply.

what's pretty new?

I find that I need 30 days between apps.

Re: Declined for Chase Freedom - Is Recon Worth It?

uswala — Wed, 05 Nov 2014 03:05:17 GMT

@joeyoey wrote:
Rejected again! Oh well, I'm going to wait about 6 months & try again. The Amazon card is actually pretty new so maybe after a few months of using that & making payments it'll help when I re-apply.

So sorry for you

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 04:11:32 GMT

I know some will disagree, but close your old store cards or any cards you are not using!

You're not here for a toy limit; you're a big dog here for a nice, juicy prime card!

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 04:12:52 GMT

Try for Freedom in 6 months, then CSP 3-6 months after that.

Re: Declined for Chase Freedom - Is Recon Worth It?

joeyoey — Wed, 05 Nov 2014 04:20:22 GMT

What does everyone think about the toy cards? Should I close them or just let them close on their own evetually from non-use? I'm not too worried about it affecting my utilization % except for Overstock, that has a $2200 limit. The others are all $250-$450. If I close all of these, my lowest limit card would be $2000 & highest $5000.

Re: Declined for Chase Freedom - Is Recon Worth It?

Creditaddict — Wed, 05 Nov 2014 04:26:47 GMT

Tou limit and store cards in the same sentence make me mad because it so is not the case anymore in many circumstances especially long run.
List the store cards and current limits and rather you use it or like it!

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 04:28:03 GMT

In my opinion, the only time a toy/retail/secured card should be used is when building history or coming out of bankruptcy. They have their time and place, but if your goal is prime cards, kick the toy limit cards to the curb. Do you think people here with 20k+ limits waste their time worrying about toy cards? Just my two cents.

Re: Declined for Chase Freedom - Is Recon Worth It?

joeyoey — Wed, 05 Nov 2014 04:31:52 GMT

That's exactly what I was thinking. I don't ever plan to use the toy cards again. I'm just wondering should I actually go ahead & close them myself or should I just let them eventually close form non-use? I'm just wondering if someone looking at my report in the future will look more favorably at some of these lingering around or should I go ahead & close them & only have the bank cards active?

Re: Declined for Chase Freedom - Is Recon Worth It?

Creditaddict — Wed, 05 Nov 2014 04:42:34 GMT

If you don't want them in the future and won't use them, Close them. They will still report for10 years

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 04:43:29 GMT

You can choose to sock drawer the cards; however, this leaves you open to fraud if you go for a long time without checking up on each of your open cards. Also, some people would prefer to have "card closed by user" on their report showing responsibility, rather than "closed by lender" which, if not noted that it was closed due to inactivity, could be viewed negatively to someone glancing over your report in the future.

Re: Declined for Chase Freedom - Is Recon Worth It?

NRB525 — Wed, 05 Nov 2014 05:31:10 GMT

@joeyoey wrote:
That's exactly what I was thinking. I don't ever plan to use the toy cards again. I'm just wondering should I actually go ahead & close them myself or should I just let them eventually close form non-use? I'm just wondering if someone looking at my report in the future will look more favorably at some of these lingering around or should I go ahead & close them & only have the bank cards active?

Didn't you get a comment "too many cards open" in this last app? If that's the main reason for denial, seems you've got your marching orders. If it is a store you actually shop at, and you follow the PIF rule to avoid high interest charges, it might be helpful to keep using it, but if it's from the "rare and exotic one-time" store, I say take the initiative and close it.

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 05:35:57 GMT

@NRB525 wrote:

"rare and exotic one-time" store

For some reason I'm picturing Prince shopping at "rare and exotic one-time" store

OP, if it's truely cards you won't be using, close'em.

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Wed, 05 Nov 2014 23:47:09 GMT

@joeyoey wrote:
Rejected again! Oh well, I'm going to wait about 6 months & try again. The Amazon card is actually pretty new so maybe after a few months of using that & making payments it'll help when I re-apply.

Did you try to recon? Make your case and call. Keep calling until they say yes.

But they might give you a postage stamp limit..

Re: Declined for Chase Freedom - Is Recon Worth It?

CreditCardDiva — Thu, 06 Nov 2014 00:20:25 GMT

Sorry, gotta comment on the "toy card" comments. At one time, I had credit limits like most of you who "snub" store cards, so don't think I'm hatin', cuz I'm not. Having store cards never affected my ability to get high limit major credit cards, so those who say otherwise must live on a different planet than I do. Store cards are fine if you pay them off each month - stores offer promotions that are often worth having the cards. So, since most swear they PIF every month, there's no need to worry about interest...high or otherwise.

It's fine if you don't like store cards, but don't act like they prevent you from getting $20,000 limits, because they don't. If a card is no use to you, get rid of it, if your credit profile can handle it.

Re: Declined for Chase Freedom - Is Recon Worth It?

Anonymous — Thu, 06 Nov 2014 00:24:42 GMT

@CreditCardDiva wrote:
Sorry, gotta comment on the "toy card" comments. At one time, I had credit limits like most of you who "snub" store cards, so don't think I'm hatin', cuz I'm not. Having store cards never affected my ability to get high limit major credit cards, so those who say otherwise must live on a different planet than I do. Store cards are fine if you pay them off each month - stores offer promotions that are often worth having the cards. So, since most swear they PIF every month, there's no need to worry about interest...high or otherwise.

It's fine if you don't like store cards, but don't act like they prevent you from getting $20,000 limits, because they don't. If a card is no use to you, get rid of it, if your credit profile can handle it.

The toy card comments, and in my expression, postage stamp limit...are not meant in a disparaging way.

For me personally it means, a limit that most likely won't grow with your credit profile.

Sure these cards are an asset at one point in your credit journey, but as you go further on, unless they grow with you, They need to go.