topic Re: Getting back into Chase in Credit Cards

Getting back into Chase

Anonymous — Sat, 09 Feb 2019 22:35:56 GMT

Weird story, but I had all my personal and business accounts with Chase from 2004 - 2010. Unfortunately, a family member was being investigated by a government entity and they closed my accounts all becuase he was a distant family member. Well, all but my JP Morgan credit card that I received from my private banker. Anyways, even though I had and still have nothing to do with this family member, they closed all my accounts and listed on my credit report unsatisfactory relationship. I receive offers from Chase all the time, but I am concerned that they will see that they closed my account because of this and not only deny me of any new bank or credit card account, but I'd lose my JP Morgan account (and status as well). When I talked to my banker at JPM, he told me Chase and JPM are too separate entities and have different rules. We went all the way up to Jamie Dimon's office, but they wouldn't reopen my account. However, they did release my funds via bank wire the next day to my Citibank account.

I'd love to get back with Chase, but just scared. Any ideas?

Re: Getting back into Chase

Adkins — Sun, 10 Feb 2019 05:36:18 GMT

That is the suck, OP. I would go in branch and try to open a checking or savings account. If that works, great! Toss money in there and wait for some green check marks for the credit cards. If it doesn't then you know you'll still on their internal blacklist, unfortunately.

Re: Getting back into Chase

Anonymous — Sun, 10 Feb 2019 06:08:24 GMT

I can't say I would be enthusiastic about wanting to open accounts with a lender that screwed me over based on a distant relationship.

Re: Getting back into Chase

800FICOGoal — Sun, 10 Feb 2019 09:08:57 GMT

@Anonymous wrote:
Weird story, but I had all my personal and business accounts with Chase from 2004 - 2010. Unfortunately, a family member was being investigated by a government entity and they closed my accounts all becuase he was a distant family member.

I don't mean to sidetrack this post, but my interest has been piqued. Do you have any clue as to how they tied you to a distant relative?

Re: Getting back into Chase

Anonymous — Sun, 10 Feb 2019 13:59:50 GMT

^^ my question, too.

Re: Getting back into Chase

UpperNwGuy — Sun, 10 Feb 2019 15:41:26 GMT

Were there any banking transactions between you and your distant relative? How distant is this relative... first cousin, second cousin, 19th cousin?

Re: Getting back into Chase

Anonymous — Sun, 10 Feb 2019 22:07:41 GMT

Not sure aside from the fact the they checked every family member's credit and we've all lost our accounts.

Re: Getting back into Chase

Anonymous — Sun, 10 Feb 2019 22:08:31 GMT

Step-brother, haven't talk to in years. No. I have and had zero relationship with him.

Re: Getting back into Chase

Anonymous — Mon, 11 Feb 2019 10:33:00 GMT

I think I'd follow one person's advice here and just go into a branch, open up a bank account, and start there.

I was denied for CSR early last month. (post on that and the fun new recon procedures they seem to have put is avail here: https://ficoforums.myfico.com/t5/Credit-Card-Applications/New-Chase-Recon-Policy-No-rep-shopping-CSR-app-denied-then/td-p/5498410)

After going through their (new? different?) recon procedure, was approved, and nearly certain that approval was due to opening and (minimally) funding accounts with them.

Re: Getting back into Chase

bettercreditguy1 — Mon, 11 Feb 2019 07:56:08 GMT

My experience with them is they like to see an internal track (payment) record as well as your credit reports. They also seem to favor people with lower utilizations versus limits and fewer inquiries. As with any CC issuer, a relationship takes time to build. Good luck in your journey, I can assure you with on time payments, a positive credit file, and keeping your utilization numbers on all cards in check that you will have no problems obtaining the credit products you need. A final point to ponder, apply only for cards that fit your personal life style and that you will use.

Re: Getting back into Chase

Anonymous — Mon, 11 Feb 2019 13:20:23 GMT

@bettercreditguy1 wrote:
My experience with them is they like to see an internal track (payment) record as well as your credit reports. They also seem to favor people with lower utilizations versus limits and fewer inquiries. As with any CC issuer, a relationship takes time to build. Good luck in your journey, I can assure you with on time payments, a positive credit file, and keeping your utilization numbers on all cards in check that you will have no problems obtaining the credit products you need. A final point to ponder, apply only for cards that fit your personal life style and that you will use.

While this is generally true, it doesn't take into account the special circumstances that the OP relates. Obviously here Chase has a very high index of suspicion, closing accounts of the "unindicted" family members.

OP, are you able to give some clue as to what the investigation was? Something serious and federal potentially involving lots of dirty money? Seems Chase got very skittish.

Certainly worth trying the bank opening approach recommended by others, but if that fails I would probably just give up on Chase. Things leading back to stuff you have no control over, like having a step-brother, can be just too hard to fight!

Re: Getting back into Chase

FinStar — Mon, 11 Feb 2019 20:10:14 GMT

@Anonymous wrote:
@bettercreditguy1 wrote:
My experience with them is they like to see an internal track (payment) record as well as your credit reports. They also seem to favor people with lower utilizations versus limits and fewer inquiries. As with any CC issuer, a relationship takes time to build. Good luck in your journey, I can assure you with on time payments, a positive credit file, and keeping your utilization numbers on all cards in check that you will have no problems obtaining the credit products you need. A final point to ponder, apply only for cards that fit your personal life style and that you will use.
While this is generally true, it doesn't take into account the special circumstances that the OP relates. Obviously here Chase has a very high index of suspicion, closing accounts of the "unindicted" family members.

OP, are you able to give some clue as to what the investigation was? Something serious and federal potentially involving lots of dirty money? Seems Chase got very skittish.

Certainly worth trying the bank opening approach recommended by others, but if that fails I would probably just give up on Chase. Things leading back to stuff you have no control over, like having a step-brother, can be just too hard to fight!

It's likely the OP's name has tripped some internal controls and landed on an internal list of some sort. It could likely have some association to any PEPs (domestic or foreign), AML or other questionable or suspicious activities that, just like the "no-fly" list, may have garnered closer scrutiny.

Re: Getting back into Chase

bettercreditguy1 — Mon, 11 Feb 2019 22:52:40 GMT

Perhaps I mis-understood the OP. I did get the story about the family item(s). The way I perceived it was that Chase was possibly giving him another chance. If OP is does get shot down and does not get another chance, there are other issuers of fine Master Card and Visa Cards available. Perhaps OP may wish to check out a local financial institution or Credit Union in his geographic area. As always ymmv, good luck in your journey!