topic Re: Chase Freedom denied ! in Credit Card Applications

Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 18:36:16 GMT

Was denied for the Chase Freedom card for too many inquiries , is there anyway around this ? I already tried to recon and was told it can't be overturned for the high amount of inquiries .

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 18:42:54 GMT

Yes. Let the inquiries age off.

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 18:56:28 GMT

If you have 5 or more new accounts in the past 24 months all you can do is wait until that number drops below 5.

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 18:58:38 GMT

It's a long long wait , and it's so hard to not apply for new cards . Guess I need a new hobby

Re: Chase Freedom denied !

kdm31091 — Mon, 19 Oct 2015 19:36:54 GMT

Yes, you need to just wait. Applying for cards shouldnt be a hobby. Gaining rewards on spend you are going to do anyway makes sense. Making a hobby out of applying for cards is only going to hurt you in the long run.

Re: Chase Freedom denied !

9CLINE — Mon, 19 Oct 2015 19:38:09 GMT

Sorry for denial, but only thing to help is time...you could use the time to work on scores and file to improve to best it can be as inq. age off. Out of curiosity how many did you have on the credit bureau (s) they checked? When do they start to fall off?
Also, use this as a learning exp. to app for cards you really want or wait until you are in best position for approval...
it isn't a bad thing ,,this give you more time to learn about your "hobby"
Good Luck !!!!!!!!!!

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 19:40:27 GMT

I have a ton of inquires across the board , all the accounts I have except 2 cap one cards are all from this year , guess I will have to wait a year or so before applying for anything else .

Re: Chase Freedom denied !

Pway — Mon, 19 Oct 2015 19:48:04 GMT

I know the feeling of being approved for each and every card you app for. However, this should be a sign that the garden is calling your name and you should head over there quickly. I think about three things when I want a card but I have not applied for a new account in some time:

1. AAOA

2. INQUIRIES

3. SCORES TAKING A HIT.

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 19:50:20 GMT

Yea I know ,meanwhile 3/4 of the cards I have , I don't even want or need , was the fact of getting them fairly easily , but guess I have to sit in the garden and let my AAoA everything else grow

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 22:53:37 GMT

@Anonymous wrote:
I have a ton of inquires across the board , all the accounts I have except 2 cap one cards are all from this year , guess I will have to wait a year or so before applying for anything else .

How many?

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 23:21:38 GMT

As of January 2015

EQ - 25 ( 4 are for Auto Loans 2 for Utilities 1 Home Loan )
TU - 22 ( 6 are for Auto Loans 1 Home Loan )
EX - 35 ( 7 are for Auto Loans 1 Home Loan )

Re: Chase Freedom denied !

Wovenyarn — Mon, 19 Oct 2015 23:25:37 GMT

One of the biggest things that helped me was the fact that I found this website while I was in the process of buying a house. As a result, I had to wait it out and just read and learn as much as possible. That's how I learned things like Chase's 5/2 rule. By learning as much as you can about a card before you apply, you may save yourself a hard pull (and dissappointment). Sometimes it's a card that I want, but when I read what other members have said about the process of getting the card, I decided against applying because I'm not confident that I'll be approved.

While you're gardening, you can still come here and read and learn and do SCT (but don't pull the trigger)...all of these will help your "hobby".

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 23:28:10 GMT

I applied for the Freedom card because I use Chase for personal and business banking , and all the sites like CK and this one gave me a FAIR chance of being approved , which I belive I would have if not for the all the new accounts and inquiries .

Re: Chase Freedom denied !

Wovenyarn — Mon, 19 Oct 2015 23:32:13 GMT

@Anonymous wrote:
I applied for the Freedom card because I use Chase for personal and business banking , and all the sites like CK and this one gave me a FAIR chance of being approved , which I belive I would have if not for the all the new accounts and inquiries .

CK is garbage for CC referrals as they get paid to refer you but don't really use substance. That's what I mean about researching first. There are a ton of posts on here about the fact that Chase is sensitive to new accounts. Plus you can use the preapproval links (although not guaranteed) to give you a better feel before you apply.

Re: Chase Freedom denied !

Anonymous — Mon, 19 Oct 2015 23:42:39 GMT

I know about CK and don't use their " chances " of being approved , only use the ones from here on Myfico or Transunion , that is all . I will let my new accounts age and let these inquiries fall off and maybe next summer pull the trigger on something new .

Re: Chase Freedom denied !

Anonymous — Tue, 20 Oct 2015 00:25:44 GMT

@Anonymous wrote:
As of January 2015

EQ - 25 ( 4 are for Auto Loans 2 for Utilities 1 Home Loan )
TU - 22 ( 6 are for Auto Loans 1 Home Loan )
EX - 35 ( 7 are for Auto Loans 1 Home Loan )

Thanks for posting this. It could be part of the reason but who knows. I reconn'd last week for higher SL on the Freedom after approval but didn't get it and the rep. mentioned I had lots of inqs.

Re: Chase Freedom denied !

Anonymous — Tue, 20 Oct 2015 00:27:06 GMT

That is basically what the CA said from Chase

Re: Chase Freedom denied !

Anonymous — Tue, 20 Oct 2015 00:30:06 GMT

@Anonymous wrote:
I applied for the Freedom card because I use Chase for personal and business banking , and all the sites like CK and this one gave me a FAIR chance of being approved , which I belive I would have if not for the all the new accounts and inquiries .

Ck had my approval odds at 'very good' last week for Discover..I was denied. So annoying because I knew better. I'm over it and waiting for scores to recover a bit. Pay NO attention to CK when it comes to their recommendations.

Re: Chase Freedom denied !

Anonymous — Tue, 20 Oct 2015 00:36:53 GMT

I was hit from Discover , American Express, Barclay, Cap One and Chase because these sites all said I had a fair chance , but we are getting hit with the inquiries for attempting to app for them and when denied we kick ourselves in the ass

Re: Chase Freedom denied !

Anonymous — Tue, 20 Oct 2015 00:44:47 GMT

@Anonymous wrote:
@Anonymous wrote:
I applied for the Freedom card because I use Chase for personal and business banking , and all the sites like CK and this one gave me a FAIR chance of being approved , which I belive I would have if not for the all the new accounts and inquiries .
Ck had my approval odds at 'very good' last week for Discover..I was denied. So annoying because I knew better. I'm over it and waiting for scores to recover a bit. Pay NO attention to CK when it comes to their recommendations.

They have my odds for the CSP at very good, and I can absolutely guarantee that I'd get denied if I apped.