topic Re: How long between Chase cards? in Credit Cards

How long between Chase cards?

BmoreBull — Wed, 22 Jul 2020 12:48:44 GMT

My best friend wants to get the CSP. He has the FU. He just got it in April. He can only hit the sub for the CSP if he uses it to pay his 6 month car insurance which is due September 10th. All of his scores are over 800. He has the FU- $5900, Discover-$10,000, Synchrony Amazon-$1300, Synchrony Google Card-$1100. He's an AU on several of his moms cards that gives him an AAoA of about 20 years. I know normally you should put about 6 months between Chase apps. But do you think he would have a chance of getting it with only 3-4 months of having the FU? The only inquiries he has in the last 12 months are the Discover and FU. He doesn't have any pre qualified cards on Chase, but his car loan is through them. He just doesn't want to apply and get turned down. TIA.

Re: How long between Chase cards?

Anonymous — Wed, 22 Jul 2020 13:00:34 GMT

Some folks have been applying for Chase cards after the 90+1 day mark with success.

Re: How long between Chase cards?

Remedios — Wed, 22 Jul 2020 13:28:51 GMT

My Chase apps were only a month apart because I didnt know any better.

With that said, I think three months is sufficient enough not to worry about AA on the existing account, but whether he will get approved, that's a whole another can of worms.

Chase "strips" AU accounts, so they shouldn't count on that.

It's just a HP (or two). If this is the right times, he should give it a try.

Re: How long between Chase cards?

coldfusion — Wed, 22 Jul 2020 14:18:20 GMT

@Remedios wrote:
My Chase apps were only a month apart because I didnt know any better.

With that said, I think three months is sufficient enough not to worry about AA on the existing account, but whether he will get approved, that's a whole another can of worms.

Chase "strips" AU accounts, so they shouldn't count on that.

It's just a HP (or two). If this is the right times, he should give it a try.

AU won't be an issue unless there are enough of them new enough for the autobot to deny based on 5/24 but that is almost always overridden by a UW on recon.

Many many datapoints from card collectors of success after 4 months, just don't keep drawing from that particular well. I think Remi is right, if the timing is right the profile looks sound enough to go for it.

Re: How long between Chase cards?

BmoreBull — Wed, 22 Jul 2020 14:23:51 GMT

Thanks for the feedback. He's going to app for the CSP around September 1. That should give him four statements and definitely over 90 days. I appreciate the help.

Re: How long between Chase cards?

Anonymous — Wed, 22 Jul 2020 14:30:17 GMT

I usually see offers for Chase credit cards (with firm APRs) reappearing after about 2-3 months of getting a new card.

Re: How long between Chase cards?

coldfusion — Wed, 22 Jul 2020 15:04:16 GMT

@BmoreBull wrote:
Thanks for the feedback. He's going to app for the CSP around September 1. That should give him four statements and definitely over 90 days. I appreciate the help.

He should give himself a bit of leeway since you mentioned he is planning on being able to use the card to make a large payment on or about September 10th in order to meet the SUB. Even with an instant approval he'd be cutting it close if he applied on Sep 1st, if the app went to 30 days status he might have a problem.

Re: How long between Chase cards?

randomguy1 — Wed, 22 Jul 2020 15:11:18 GMT

Profile looks like it has a decent change of being approved. I would apply August 2nd.

Re: How long between Chase cards?

NRB525 — Wed, 22 Jul 2020 15:13:23 GMT

Congrats on the CFU. Since the CFU is in hand, what's the rush? CFU earns 1.5 UR everywhere, so net net points earning is not going to be much different from CSP.

6-month insurance payment comes due again March 2021, and CSP / CSR will still be around then.

Heck, travel might even be a Thing by then. For now, it seems a rare US resident who will be able to subject themselves to foreign transaction fees.

Re: How long between Chase cards?

RadioRob — Wed, 22 Jul 2020 15:16:27 GMT

@NRB525 wrote:
Congrats on the CFU. Since the CFU is in hand, what's the rush? CFU earns 1.5 UR everywhere, so net net points earning is not going to be much different from CSP.

6-month insurance payment comes due again March 2021, and CSP / CSR will still be around then.

Heck, travel might even be a Thing by then. For now, it seems a rare US resident who will be able to subject themselves to foreign transaction fees.

I think the effort was not for the points themselves, but instead to help be able to meet the spend requirement for the SUB.

Re: How long between Chase cards?

BmoreBull — Wed, 22 Jul 2020 15:34:31 GMT

@RadioRob wrote:
@NRB525 wrote:
Congrats on the CFU. Since the CFU is in hand, what's the rush? CFU earns 1.5 UR everywhere, so net net points earning is not going to be much different from CSP.

6-month insurance payment comes due again March 2021, and CSP / CSR will still be around then.

Heck, travel might even be a Thing by then. For now, it seems a rare US resident who will be able to subject themselves to foreign transaction fees.
I think the effort was not for the points themselves, but instead to help be able to meet the spend requirement for the SUB.

Yeah, this is his goal card. He was happy to get the CFU, but this is the card he really wants. He's just going to bank the points and hold onto them until he can travel. He does spend a fair amount a year on travel between hotels and flights, so he feels it will fit his spend. The CFU is his daily driver. He hasn't really touched the Discover since he got it.

Re: How long between Chase cards?

SouthJamaica — Wed, 22 Jul 2020 16:18:21 GMT

@BmoreBull wrote:
My best friend wants to get the CSP. He has the FU. He just got it in April. He can only hit the sub for the CSP if he uses it to pay his 6 month car insurance which is due September 10th. All of his scores are over 800. He has the FU- $5900, Discover-$10,000, Synchrony Amazon-$1300, Synchrony Google Card-$1100. He's an AU on several of his moms cards that gives him an AAoA of about 20 years. I know normally you should put about 6 months between Chase apps. But do you think he would have a chance of getting it with only 3-4 months of having the FU? The only inquiries he has in the last 12 months are the Discover and FU. He doesn't have any pre qualified cards on Chase, but his car loan is through them. He just doesn't want to apply and get turned down. TIA.

I think he'll get it.

Re: How long between Chase cards?

Anonymous — Wed, 22 Jul 2020 22:40:59 GMT

The point was the insurance will come due for the sub at the next due date.

Re: How long between Chase cards?

skigirl916 — Wed, 22 Jul 2020 23:22:54 GMT

I applied for two Chase cards in the same day after already having the first. Both approved. But that was in 2015 or so.

Re: How long between Chase cards?

HeavenOhio — Thu, 23 Jul 2020 00:10:48 GMT

@skigirl916, that's changed drastically in the past year or so. What stinks is that Chase will actually approve two cards in the same day, but they'll end up closing one within a few days. Why they don't simply tell you that you're "ineligible" like Capital One does is beyond me.

Applying for Chase cards 30 days apart seems to be OK. We usually advise three months as being better.