topic Re: Chase Card Reopened Showing 0 available credit in Credit Cards

Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 00:57:27 GMT

Has anybody experienced Chase closing your credit card account. I called chase immediately to reconsider their decision. A few days later I noticed under my credit card account tab it is no longer showing the account is closed, but it has 0 available credit. Does this mean the account is still closed or is it reopened with no credit available? So confused about this haha

Thank You!

Re: Chase Card Reopened Showing 0 available credit

FinStar — Tue, 10 Jul 2018 01:23:00 GMT

Call the automated system and see whether the available credit changed at all. If it says $0 then it's likely the closure stayed in place or you may need to contact the portfolio risk review folks to see when (and if) the account's available credit will be restored. Was your account closed due to Adverse Action?

Re: Chase Card Reopened Showing 0 available credit

SouthJamaica — Tue, 10 Jul 2018 11:43:29 GMT

@Anonymous wrote:
Has anybody experienced Chase closing your credit card account. I called chase immediately to reconsider their decision. A few days later I noticed under my credit card account tab it is no longer showing the account is closed, but it has 0 available credit. Does this mean the account is still closed or is it reopened with no credit available? So confused about this haha

Thank You!

It means it's still closed. It's not going to be reopened.

Re: Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 12:54:10 GMT

Thanks for the info. I checked this morning and the available credit was restored. Looks like the account is reopened.

Re: Chase Card Reopened Showing 0 available credit

FinStar — Tue, 10 Jul 2018 14:31:30 GMT

Glad to hear the outcome was positive and your account was reopened / restored. What was the reason they closed it?

Re: Chase Card Reopened Showing 0 available credit

SouthJamaica — Tue, 10 Jul 2018 14:32:34 GMT

@Anonymous wrote:
Thanks for the info. I checked this morning and the available credit was restored. Looks like the account is reopened.

Congratulations. Glad I was wrong.

Re: Chase Card Reopened Showing 0 available credit

Fated4Credit — Tue, 10 Jul 2018 14:37:05 GMT

@Anonymous wrote:
Thanks for the info. I checked this morning and the available credit was restored. Looks like the account is reopened.

Congrats on your account being reopened, looks like you dodged a major headache with Chase.

Re: Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 14:40:12 GMT

Too many inquiries and new accounts in a short period of time. 3 new accounts and a few inquiries within the past two months.

Re: Chase Card Reopened Showing 0 available credit

FinStar — Tue, 10 Jul 2018 14:51:28 GMT

Gotcha. Thanks for sharing those data points. It will certainly help others, especially since anecdotal evidence such as yours definitely reinforces the fact that AA with Chase is still alive and well.

More often than not, some folks aren't able to get their accounts reopened. You were definitely fortunate 👍

Re: Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 16:55:35 GMT

How old is your chase card and is it one the the 3 new accounts?

Re: Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 17:16:22 GMT

Chase card is 2 years old. New accounts were with amex and discover

Re: Chase Card Reopened Showing 0 available credit

CreditCuriosity — Tue, 10 Jul 2018 17:29:06 GMT

@Anonymous wrote:
Chase card is 2 years old. New accounts were with amex and discover

Were you carrying balances on multiple cards or scores tank or anything else as I certainly have been alot worse than you along with other forum members without any AA.. Just seeing what might of caused this for you other than just new accounts as that isnt extreme by this forums members and "most" of us haven't been hit by chase AA.. Thanks in advance

Re: Chase Card Reopened Showing 0 available credit

Pikaboo-icu — Tue, 10 Jul 2018 18:06:39 GMT

Wow!

After reading this I'm so glad I'm not chasing Chase. LOL

I've never been interested in obtaining a Chase card and likely never shall.

Chase is WAY too strict for my taste, I already have parents, thank you very much. Not to mention I'm a responsible adult, usually.

I'm happy this worked out for you OP, most others have not been so blessed.

CHEERS

Re: Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 18:22:43 GMT

@Pikaboo-icu wrote:
Wow!

After reading this I'm so glad I'm not chasing Chase. LOL
I've never been interested in obtaining a Chase card and likely never shall.
Chase is WAY too strict for my taste, I already have parents, thank you very much. Not to mention I'm a responsible adult, usually.

I'm happy this worked out for you OP, most others have not been so blessed.

CHEERS

You could be doing yourself a big disservice by eliminating Chase as a potential creditor. They have some of the best reward cards in the market. Chase is no more stringent than other creditors and far less than some like Barclays and Comenity. Because so many forum members have their cards and in some cases, a lot of them, posters often have this assumption that they AA a lot and that is far from the truth.

Re: Chase Card Reopened Showing 0 available credit

Anonymous — Tue, 10 Jul 2018 18:31:14 GMT

I got my CFU and 5 more accounts during an app spree a couple months back and if AA hits me then it was well deserved however I keep my utilization low and PIF every months and so far chase has been receptive. Chase gave me a low SL so I'm not sure if that means less risk on their end so less potential for AA.

Re: Chase Card Reopened Showing 0 available credit

Pikaboo-icu — Tue, 10 Jul 2018 18:31:22 GMT

@Anonymous wrote:
@Pikaboo-icu wrote:
Wow!

After reading this I'm so glad I'm not chasing Chase. LOL
I've never been interested in obtaining a Chase card and likely never shall.
Chase is WAY too strict for my taste, I already have parents, thank you very much. Not to mention I'm a responsible adult, usually.

I'm happy this worked out for you OP, most others have not been so blessed.

CHEERS
You could be doing yourself a big disservice by eliminating Chase as a potential creditor. They have some of the best reward cards in the market. Chase is no more stringent than other creditors and far less than some like Barclays and Comenity. Because so many forum members have their cards and in some cases, a lot of them, posters often have this assumption that they AA a lot and that is far from the truth.

I appreciate that..

I'll keep them in the back of my mind.. I've read so many stories here about AA, it's made me paranoid. LOL

I have a few Comenity cards and have had no issues so when I see posts about them, I usually shrug it off.

I suppose I'm being unfair to Chase since I should view it the same as Comenity.

They wouldn't take me right now anyway as I'm over 5/24 but thank you for the info.

CHEERS

Re: Chase Card Reopened Showing 0 available credit

CreditCuriosity — Tue, 10 Jul 2018 18:46:20 GMT

@Pikaboo-icu wrote:
@Anonymous wrote:
@Pikaboo-icu wrote:
Wow!

After reading this I'm so glad I'm not chasing Chase. LOL
I've never been interested in obtaining a Chase card and likely never shall.
Chase is WAY too strict for my taste, I already have parents, thank you very much. Not to mention I'm a responsible adult, usually.

I'm happy this worked out for you OP, most others have not been so blessed.

CHEERS
You could be doing yourself a big disservice by eliminating Chase as a potential creditor. They have some of the best reward cards in the market. Chase is no more stringent than other creditors and far less than some like Barclays and Comenity. Because so many forum members have their cards and in some cases, a lot of them, posters often have this assumption that they AA a lot and that is far from the truth.
I appreciate that..
I'll keep them in the back of my mind.. I've read so many stories here about AA, it's made me paranoid. LOL

I have a few Comenity cards and have had no issues so when I see posts about them, I usually shrug it off.
I suppose I'm being unfair to Chase since I should view it the same as Comenity.
They wouldn't take me right now anyway as I'm over 5/24 but thank you for the info.
CHEERS

Just aren't applying for the right cards as many of their nice cherries aren't under the 5/24 rule and they would love your business with your scores

Re: Chase Card Reopened Showing 0 available credit

FinStar — Tue, 10 Jul 2018 18:47:16 GMT

I agree with @Anonymous, not every lender is for everyone and every individual has their own tolerance for risk. By the same token, nothing ventured, nothing gained. A few negative experiences, much like any other product reviews anywhere else, would require digging further so one could make an informed decision whether it's worth the risk or reward.

For instance, I currently have 9 Chase CCs - sure, not the norm by any standards, but their products and reward structures are just irresistible to me 😁. At the same time I'm limited by 5/24 on some products, but not discouraged by that restriction since I have options for others.

That being said, it helps to know and study the landscape to avoid AA (if possible) since MF members have witnessed other members' portfolios get CLD or shut down altogether with Comenity, Barclays, SYNCB, Chase, BoA, etc. It happens.

IME, I'm fully aware that any of my credit activities can rustle the nest for some of the other lenders and try to be strategic as possible. If it happens, lesson learned and have a contingency plan. The beauty about a "crumbled castle" is that it can be rebuilt again 😁 Just my .02¢