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Chase Ink Denial — Update: Approved

roniram
Regular Contributor

Chase Ink Denial — Update: Approved

I was recently denied a Chase Ink Business credit card after receiving an invitation. I have decent scores, income is 120k, and I already have a Chase Freedom personal credit card. I've only had 2 new cards in the last 24 months.

 

Recently, after several years of having balances carried, I was able to pay my credit cards down to a utilization level of 3%. And I'm trying to obtain higher credit limit cards. The highest I have is a 10k Capital Venture card. Recently obtained a 6.6k NFCU Platinum (recon denied higher level).

 

Also been denied for recent CLIs with Amex, Chase, or Capital One.

 

Any idea as to why I don't qualify for higher credit line cards?

 

Venture 10K /NFCU Platinum 6.6K /Amazon 6.6K/ Walmart 3.3K /Cap 1 QS1 1.65K /Cap 1 Platinum 1.15K /Show MC 1.1 /Amex BCE 1K /Chase Freedom 1K / NFCU Cash Rewards 500/
Starting Score: 6/1/13 TU 566 EXP 632 EQ 611
Current Score: 09/13/21 TU 726 EXP 717 EQ 718
Goal Score: 740 Across the Board
Take the myFICO Fitness Challenge
Message 1 of 8
7 REPLIES 7
dragontears
Valued Contributor

Re: Chase Denial


@roniram wrote:

I was recently denied a Chase Ink Business credit card after receiving an invitation. I have decent scores, income is 120k, and I already have a Chase Freedom personal credit card. I've only had 2 new cards in the last 24 months.

 

Recently, after several years of having balances carried, I was able to pay my credit cards down to a utilization level of 3%. And I'm trying to obtain higher credit limit cards. The highest I have is a 10k Capital Venture card. Recently obtained a 6.6k NFCU Platinum (recon denied higher level).

 

Also been denied for recent CLIs with Amex, Chase, or Capital One.

 

Any idea as to why I don't qualify for higher credit line cards?

 


Not enough information provided to guess. 

 

What were your denial reasons? 

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 2 of 8
roniram
Regular Contributor

Re: Chase Denial

Amex said: Number of creditors who have reviewed my credit report (um "two)
The balances on your credit and/or charge card account are high relative to your income (um...no)
Credit report indicates your payment history has been unsatisfactory....also not true

balances on your credit card account are high in relation to their credit limits....also not true.

Not sure if it is reading information prior to paying off my balances.

 

 

Venture 10K /NFCU Platinum 6.6K /Amazon 6.6K/ Walmart 3.3K /Cap 1 QS1 1.65K /Cap 1 Platinum 1.15K /Show MC 1.1 /Amex BCE 1K /Chase Freedom 1K / NFCU Cash Rewards 500/
Starting Score: 6/1/13 TU 566 EXP 632 EQ 611
Current Score: 09/13/21 TU 726 EXP 717 EQ 718
Goal Score: 740 Across the Board
Take the myFICO Fitness Challenge
Message 3 of 8
dragontears
Valued Contributor

Re: Chase Denial


@roniram wrote:

Amex said: Number of creditors who have reviewed my credit report (um "two)
The balances on your credit and/or charge card account are high relative to your income (um...no)
Credit report indicates your payment history has been unsatisfactory....also not true

balances on your credit card account are high in relation to their credit limits....also not true.

Not sure if it is reading information prior to paying off my balances.

 

 


Amex uses existing SP credit report for CLI (can lag well over 30 days) so most likely the report they used still had the high balances. Wait 90 days and try again. 

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 4 of 8
roniram
Regular Contributor

Re: Chase Denial

Well, that explains a lot. I understood it was a soft pull, but I thought it was a current soft pull.

 

I decided to call Chase and they just stated it was a credit freeze issue. Just approved me for an 18k line. 😬

 

 

 

 

Venture 10K /NFCU Platinum 6.6K /Amazon 6.6K/ Walmart 3.3K /Cap 1 QS1 1.65K /Cap 1 Platinum 1.15K /Show MC 1.1 /Amex BCE 1K /Chase Freedom 1K / NFCU Cash Rewards 500/
Starting Score: 6/1/13 TU 566 EXP 632 EQ 611
Current Score: 09/13/21 TU 726 EXP 717 EQ 718
Goal Score: 740 Across the Board
Take the myFICO Fitness Challenge
Message 5 of 8
M_Smart007
Epic Contributor

Re: Chase Denial


@roniram wrote:

Well, that explains a lot. I understood it was a soft pull, but I thought it was a current soft pull.

 

I decided to call Chase and they just stated it was a credit freeze issue. Just approved me for an 18k line. 😬

 

 

 

 


Glad it was simple to resolveSmiley Happy  ...Congratulations on your Chase approval!

Message 6 of 8
Rebuild2022
Super Contributor

Re: Chase Ink Denial — Update: Approved

Congrats for your approval

Gardening since 08/2020
Message 7 of 8
MyFault
Valued Contributor

Re: Chase Ink Denial — Update: Approved

Congrats on your Chase Ink approval!



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Message 8 of 8
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