topic Re: Chase Freedom CLI Declined - Recon? in Credit Cards

Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 02:31:16 GMT

Hello everyone,

So I've been happily gardening for a little bit and seeing my limits grow quite nicely, except for my Freedom which is sitting at its original CL. I have run the hard through quite heavily and have always PIF, so I recently asked for a CLI via secure message center (forgot about the HP... ). Anyways, I was denied and I got the letter on Friday. What recourse do I have? I know Chase has good recons, but the letter has some valid points that I think I can argue away, but I don't know. Also, my CLI would kick my CL above 5k, so how would the whole Signature upgrade work, assuming I was approved?

Here are the reasons by the way:

Length of time accounts have been established - new to credit; thin file

Lack of installment loan information - Not quite sure what this means.

Too many inquiries - from establishing credit. BoA is responsible for 3 of them. (secured, graduation, cli)

Length of time accounts have been established - thin file.

The letter says my TU score is 735 and I would really like the CLI to buy some gifts off Amazon for the holidays. Any advice?

Re: Chase Freedom CLI Declined - Recon?

myjourney — Mon, 18 Nov 2013 02:34:29 GMT

Not worth trying again getting a HP for the same no

Work on the points the letter states and try again after that

Re: Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 02:43:05 GMT

@myjourney wrote:
Not worth trying again getting a HP for the same no
Work on the points the letter states and try again after that

I didn't know Chase pulled another HP for recon, but then again, I'm not completely well-versed on how Chase operates. Would contacting the EO solve anything? I mean, I don't want to fight a lost cause, but I also think I have valid points on why I should get a CLI. It's not a necessity, so I'm just wondering my likelihood that I'll be successful.

Re: Chase Freedom CLI Declined - Recon?

kkapdolee — Mon, 18 Nov 2013 02:46:40 GMT

Does the letter say the score ranges from 300-850 or 250-900?

Re: Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 02:48:16 GMT

@kkapdolee wrote:
Does the letter say the score ranges from 300-850 or 250-900?

It said it ranges from 250-900.

Re: Chase Freedom CLI Declined - Recon?

kkapdolee — Mon, 18 Nov 2013 02:51:43 GMT

Ok thanks. Thats another data point that supports my observations. You're score is most likely a Fico 08 bankcard enhanced score.

Re: Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 02:54:41 GMT

Glad I could add a data point.

@kkapdolee wrote:
Ok thanks. Thats another data point that supports my observations. You're score is most likely a Fico 08 bankcard enhanced score.

Re: Chase Freedom CLI Declined - Recon?

lg8302ch — Mon, 18 Nov 2013 02:55:30 GMT

How long have you had the Freedom? More than a year?

Re: Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 02:57:32 GMT

6 months. The CSR told me that I was eligible for a CLI at 6 months, so I went ahead with it. Is a year having the card the minimum?

Re: Chase Freedom CLI Declined - Recon?

FinStar — Mon, 18 Nov 2013 03:15:16 GMT

@grinlikechelsea wrote:
@myjourney wrote:
Not worth trying again getting a HP for the same no
Work on the points the letter states and try again after that
I didn't know Chase pulled another HP for recon, but then again, I'm not completely well-versed on how Chase operates. Would contacting the EO solve anything? I mean, I don't want to fight a lost cause, but I also think I have valid points on why I should get a CLI. It's not a necessity, so I'm just wondering my likelihood that I'll be successful.

As myjourney mentioned above, those solid key points on the CLI decline will be the same points that the EO will address since the EO will re-route your request again to the underwriting/credit analyst group. The EO does not make the underwriting decision, they simply refer your matter to the appropriate area. They will HP again, and the outcome will likely be the same. Unless a significant change ocurred from the time you received the letter, then that would be the only possibility for any positive reconsideration outcome.

Re: Chase Freedom CLI Declined - Recon?

lg8302ch — Mon, 18 Nov 2013 03:10:04 GMT

+1
Just garden and try in 6 months. If you are interested for a conversion to a Siggy it will not work before 13 months...I am in the same boat with my 4K Freedom the only non Siggy but Chase will not budge at this time...have it for 9 months only.

Re: Chase Freedom CLI Declined - Recon?

myjourney — Mon, 18 Nov 2013 03:18:11 GMT

@grinlikechelsea wrote:
@myjourney wrote:
Not worth trying again getting a HP for the same no
Work on the points the letter states and try again after that
I didn't know Chase pulled another HP for recon, but then again, I'm not completely well-versed on how Chase operates. Would contacting the EO solve anything? I mean, I don't want to fight a lost cause, but I also think I have valid points on why I should get a CLI. It's not a necessity, so I'm just wondering my likelihood that I'll be successful.

Even the EO route will most likely not help IMHO but YMMV

2 points struck me from the letter

Account to new and INQ's

One Chase is extremely INQ sensitive but YMMV

And the second point from the letter it would seem you have opened up a lot of new TL's is this correct?

Re: Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 03:37:51 GMT

@myjourney wrote:
@grinlikechelsea wrote:
@myjourney wrote:
Not worth trying again getting a HP for the same no
Work on the points the letter states and try again after that
I didn't know Chase pulled another HP for recon, but then again, I'm not completely well-versed on how Chase operates. Would contacting the EO solve anything? I mean, I don't want to fight a lost cause, but I also think I have valid points on why I should get a CLI. It's not a necessity, so I'm just wondering my likelihood that I'll be successful.
Even the EO route will most likely not help IMHO but YMMV
2 points struck me from the letter
Account to new and INQ's

One Chase is extremely INQ sensitive but YMMV
And the second point from the letter it would seem you have opened up a lot of new TL's is this correct?

Yes, that is correct. So the general consensusis to garden and hopefully try again in 6 months-1 year?

Also, thank you all for your input!

Re: Chase Freedom CLI Declined - Recon?

myjourney — Mon, 18 Nov 2013 04:00:43 GMT

@grinlikechelsea wrote:
@myjourney wrote:
@grinlikechelsea wrote:
@myjourney wrote:
Not worth trying again getting a HP for the same no
Work on the points the letter states and try again after that
I didn't know Chase pulled another HP for recon, but then again, I'm not completely well-versed on how Chase operates. Would contacting the EO solve anything? I mean, I don't want to fight a lost cause, but I also think I have valid points on why I should get a CLI. It's not a necessity, so I'm just wondering my likelihood that I'll be successful.
Even the EO route will most likely not help IMHO but YMMV
2 points struck me from the letter
Account to new and INQ's

One Chase is extremely INQ sensitive but YMMV
And the second point from the letter it would seem you have opened up a lot of new TL's is this correct?
Yes, that is correct. So the general consensusis to garden and hopefully try again in 6 months-1 year?

Also, thank you all for your input!

Correct garden time and when you leave the garden Chase will be begging for your business

Re: Chase Freedom CLI Declined - Recon?

grinlikechelsea — Mon, 18 Nov 2013 04:04:12 GMT

@myjourney wrote:
@grinlikechelsea wrote:
@myjourney wrote:
@grinlikechelsea wrote:
@myjourney wrote:
Not worth trying again getting a HP for the same no
Work on the points the letter states and try again after that
I didn't know Chase pulled another HP for recon, but then again, I'm not completely well-versed on how Chase operates. Would contacting the EO solve anything? I mean, I don't want to fight a lost cause, but I also think I have valid points on why I should get a CLI. It's not a necessity, so I'm just wondering my likelihood that I'll be successful.
Even the EO route will most likely not help IMHO but YMMV
2 points struck me from the letter
Account to new and INQ's

One Chase is extremely INQ sensitive but YMMV
And the second point from the letter it would seem you have opened up a lot of new TL's is this correct?
Yes, that is correct. So the general consensusis to garden and hopefully try again in 6 months-1 year?

Also, thank you all for your input!
Correct garden time and when you leave the garden Chase will be begging for your business

That'll be a nice change of pace, instead of me begging them to have my business.

Re: Chase Freedom CLI Declined - Recon?

lg8302ch — Mon, 18 Nov 2013 04:07:00 GMT

yes..this is a wonderful way to look at it ....will keep it in mind as well

Re: Chase Freedom CLI Declined - Recon?

myjourney — Mon, 18 Nov 2013 04:08:52 GMT

Re: Chase Freedom CLI Declined - Recon?

Swapmeet — Mon, 18 Nov 2013 04:12:13 GMT

I applied for a cli at the 6 month mark. I was approved for a 500 dollar cli from 2k-2500 with a hp. I contacted the eo, and it took a few days, but the csr was helpful and she got me a cli to 5k using the same hp as the initial request. What I learned from this experience is to always ask for a certain limit--do not just leave it open to see what they will give you. Then call the regular recon line to recon a denied cli, then, if that fails, you can contact the eo. Go as far as you can on this HP. The damage for the HP has been done, so you owe it to yourself to recon. If they say it's a hp, ask them to use the same hp, if they insist on a new one, say no and contact the eo and ask them to use the same hp.