topic Re: Chase AA in Credit Cards

Chase AA

Anonymous — Sat, 26 Mar 2016 22:22:50 GMT

All 6 cards closed after United Club denial. No reason, wait for letter. Balances have risen recently, DW has not used any of her cards as we're waiting for mortgage to close. Really stinks, but card T&C do state that they can close for whatever reason. Will pay off and go on with my life.

Re: Chase AA

baller4life — Sat, 26 Mar 2016 22:31:57 GMT

Really sorry to hear this. How much has your util risen?

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 22:34:32 GMT

Sorry to hear.. As @Baller asked, how high is your utilization? What were the limits on the cards?

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 22:36:06 GMT

Kind of scared of ever getting a Chase card with all these reports.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 22:38:36 GMT

@Anonymous wrote:
Kind of scared of ever getting a Chase card with all these reports.

There is no need to be scared. A bank / lender does AA because of certain actions and in OP's case, we don't know what it is. OP states he / she utilization has increased. Until we know certain pertinent information it would be hard to decipher what caused it.

So no need to be scared.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 22:43:49 GMT

13% to 18% overall, and the bulk is retail. Started buying stuff at lowes for a few projects. Pull appraisal and inspection stuff on one card and brought it to about 60%. Took spring break vacay and put charges on Ritz card, up to 55%. All others have just been where they have been. Only had $21.5k in total exposure. oh well

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 22:46:34 GMT

@Anonymous wrote:
13% to 18% overall, and the bulk is retail. Started buying stuff at lowes for a few projects. Pull appraisal and inspection stuff on one card and brought it to about 60%. Took spring break vacay and put charges on Ritz card, up to 55%. All others have just been where they have been. Only had $21.5k in total exposure. oh well

None of that is exceptionally high. Anything else that you can think of that might have set off their alarms?

Re: Chase AA

baller4life — Sat, 26 Mar 2016 22:51:29 GMT

@Anonymous wrote:
@Anonymous wrote:
13% to 18% overall, and the bulk is retail. Started buying stuff at lowes for a few projects. Pull appraisal and inspection stuff on one card and brought it to about 60%. Took spring break vacay and put charges on Ritz card, up to 55%. All others have just been where they have been. Only had $21.5k in total exposure. oh well
None of that is exceptionally high. Anything else that you can think of that might have set off their alarms?

+1 Not very high at all.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 22:52:54 GMT

@baller4life wrote:
@Anonymous wrote:
@Anonymous wrote:
13% to 18% overall, and the bulk is retail. Started buying stuff at lowes for a few projects. Pull appraisal and inspection stuff on one card and brought it to about 60%. Took spring break vacay and put charges on Ritz card, up to 55%. All others have just been where they have been. Only had $21.5k in total exposure. oh well
None of that is exceptionally high. Anything else that you can think of that might have set off their alarms?
+1 Not very high at all.

+2 I agree, did you open more accounts? it seems strange to me !!

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 23:06:43 GMT

I do have to say that you're taking this as well as anyone that I have seen. If Chase closed all my cards I'd probably be crying like a big baby or shooting up the neighborhood.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 23:03:37 GMT

totally blindsided, but it is what it is. Will call on Monday to talk to someone in lending for any detailed "why" but I know it can't be reversed.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 23:06:04 GMT

@Anonymous wrote:
totally blindsided, but it is what it is. Will call on Monday to talk to someone in lending for any detailed "why" but I know it can't be reversed.

Generally youre right that they wont reverse the decision but there have been cases here where it has happened. Keep us informed and best of luck.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 23:08:26 GMT

@Anonymous wrote:
totally blindsided, but it is what it is. Will call on Monday to talk to someone in lending for any detailed "why" but I know it can't be reversed.

Something must have caused them to take such an action. How old are these cards? Did you get all them recently? Did you spread them out? Has anything changed at all on your reports? How old is your Chase first card?

For the utilization stated, I highly doubt if that is what caused it. Something on your file, transaction, etc. probably spooked them.

Re: Chase AA

red259 — Sat, 26 Mar 2016 23:09:39 GMT

@Anonymous wrote:
@Anonymous wrote:
13% to 18% overall, and the bulk is retail. Started buying stuff at lowes for a few projects. Pull appraisal and inspection stuff on one card and brought it to about 60%. Took spring break vacay and put charges on Ritz card, up to 55%. All others have just been where they have been. Only had $21.5k in total exposure. oh well
None of that is exceptionally high. Anything else that you can think of that might have set off their alarms?

I dunno going over 50% util on multiple chase cards could trip an alarm. OP has six chase cards yet the credit lines add up to 21.5k? It sounds more like op has either a thin file or some negatives in past or low income. If any of those are the case chase may watch the file closer. I'd be curious has to the timing of the chase apps. Were all these cards apped for in a relatively short period of time? We have seen chase close people down for that.

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 23:15:53 GMT

Very sorry this happened. What was your overall exposure with Chase?

Re: Chase AA

Anonymous — Sat, 26 Mar 2016 23:16:44 GMT

nvm, on mobile and did not see the amount originally.

Re: Chase AA

Discover2016 — Sat, 26 Mar 2016 23:41:49 GMT

I hate seeing posts like this as I have a few Chase cards that were opened recently. I posted this in another Chase AA thread, but it seems to me that Chase gets very nervous when you bring up util on any of their cards past 50% or so, even if your overall util is in the 15-20% range. That is why in that other thread I suggested that if your Chase accounts are less than a year old, to keep your util on them to less than 30%. Sorry this happened to you.

Re: Chase AA

Anonymous — Sun, 27 Mar 2016 01:07:52 GMT

@baller4life wrote:
@Anonymous wrote:
@Anonymous wrote:
13% to 18% overall, and the bulk is retail. Started buying stuff at lowes for a few projects. Pull appraisal and inspection stuff on one card and brought it to about 60%. Took spring break vacay and put charges on Ritz card, up to 55%. All others have just been where they have been. Only had $21.5k in total exposure. oh well
None of that is exceptionally high. Anything else that you can think of that might have set off their alarms?
+1 Not very high at all.

Well $21.5K may have been too high for their comfort according to income level or in conjunction with a host of other factors, like inquiries with other lenders, total credit lines with other lenders (even if unused, perhaps it was preemptive).

OP, do you do any of your banking with Chase / keep funds on deposit?

Re: Chase AA

Anonymous — Sun, 27 Mar 2016 01:58:48 GMT

@Anonymous wrote:
All 6 cards closed after United Club denial. No reason, wait for letter. Balances have risen recently, DW has not used any of her cards as we're waiting for mortgage to close. Really stinks, but card T&C do state that they can close for whatever reason. Will pay off and go on with my life.

Did you have any UR points?

Re: Chase AA

Anonymous — Sun, 27 Mar 2016 03:15:47 GMT

This is the second person on here within the last week or 2 that had all of their Chase cards shutdown after app'ing for a new Chase card. Although the other person app'd for 3 cards at once, and then tried to recon the denial of one of the cards; it was after that his cards (as well as the cards of the person he was living with) were shutdown. Perhaps Chase is cracking down kinda like Comenity? I'm doubtful it was the utilization that did it. I went up to 70% util on my Freedom when I first got it (0% APR, don't judge ). Maybe they are starting to look at number of Chase cards issued per address? I don't know, just throwing ideas out.