App Spree

[Anonymous]

So first things first. Thank you guys and gals for the knowledge. I went from sub par scores last year , to almost above 700 on all 3 CBs. I paid off my baddies and just kept my util under 5%.

My wife and I closed on our first house about a month ago. Life is good. I felt it was the perfect time to get out of the rebuild tier and move up so I applied to Chase (CSP) <- goal card, Discover It, and Amex BCE.

Chase gave me the "unfortunately we can't..." 7-10 day message. I am honestly tempted to recon because the address I used is my new home and with this Covid lockdown I haven't been able to update residency. They didn't ask for address verification like discover or Amex did though so who knows.

Discover - instant approval with online address verification SL of $8500.

Amex - Update Approved SL $1000

BCE - Low SL but I'm in the door, plus I read Amex is a grower not a shower. (lol)

My current cards are 2 bucketed Capital One (Savor One $2500 and Venture One $3800). I will probably cancel them if I get the Amex. I appreciate Capital One taking a shot on me but I am bucketed with these cards and their age is still young enough where I won't take a big hit if any at all tbh.

Let me know what you all think.

[AllZero]

Congratulations on your approval!

[Anonymous]

Getting the CSP if you're approved for Amex and Disco at the same time is gonna be tough - they(Chase) aren't wild about multiple card approvals. It could happen though. And hopefully Amex ends up being a Yes.

I would hold off on closing anything right now. IIRC, your two CapOne cards are no-fee cards, correct? Just sit on them. Lots of screwiness in the world today (in general and in credit) and holding onto everything you can isn't a bad safety net to have until things calm down.

[Caught750]

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@Anonymous wrote:

Getting the CSP if you're approved for Amex and Disco at the same time is gonna be tough - they(Chase) aren't wild about multiple card approvals. It could happen though.

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I've had wildly different experiences with Chase.  IME it's definitely worth the recon attempt.  

My first Chase card (Hyatt) was part of a 4 card spree and the SL was over 2x my next highest limit.  

My second Chase card (CSP turned CSR) was part of a 5 card spree and was again 2x my next highest limit (Hyatt) at the lowest APR.   My total exposure with Chase is $25.8k.

Chase can be touchy but if they like your profile the flood gates open and they are quite the joy to work with.  If they don't then it's a different story.

[GApeachy]

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@Anonymous wrote:

I am honestly tempted to recon

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If you already burned a hp why not? Good luck if you do.

Congrats on the other approval and good luck on Amex too and enjoy your new home!  Exciting times for you and Dw.

Like @Anonymous replied, maybe wait a minute before closing those bucketed cards, it wouldn't hurt to let them sit idle while your cr's reflect all the new activity that's gonna hit here shortly.

[Anonymous]

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@Caught750 wrote:

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@Anonymous wrote:

Getting the CSP if you're approved for Amex and Disco at the same time is gonna be tough - they(Chase) aren't wild about multiple card approvals. It could happen though.

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I've had wildly different experiences with Chase.  IME it's definitely worth the recon attempt.  

My first Chase card (Hyatt) was part of a 4 card spree and the SL was over 2x my next highest limit.  

My second Chase card (CSP turned CSR) was part of a 5 card spree and was again 2x my next highest limit (Hyatt) at the lowest APR.   My total exposure with Chase is $25.8k.

Chase can be touchy but if they like your profile the flood gates open and they are quite the joy to work with.  If they don't then it's a different story.

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I agree with you, especially on "if they like your profile". Anecdotally though it seems far wiser to be conservative with apping around a Chase application.

[Caught750]

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@Anonymous wrote:

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@Caught750 wrote:

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@Anonymous wrote:

Getting the CSP if you're approved for Amex and Disco at the same time is gonna be tough - they(Chase) aren't wild about multiple card approvals. It could happen though.

---

I've had wildly different experiences with Chase.  IME it's definitely worth the recon attempt.  

My first Chase card (Hyatt) was part of a 4 card spree and the SL was over 2x my next highest limit.  

My second Chase card (CSP turned CSR) was part of a 5 card spree and was again 2x my next highest limit (Hyatt) at the lowest APR.   My total exposure with Chase is $25.8k.

Chase can be touchy but if they like your profile the flood gates open and they are quite the joy to work with.  If they don't then it's a different story.

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I agree with you, especially on "if they like your profile". Anecdotally though it seems far wiser to be conservative with apping around a Chase application.

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Anecdotally, especially around here, I agree with you as well.  I just don't want OP, or future readers, to have ONLY the big bad wolf image of Chase.  They can absolutely be touchy...or they could love your file, be a fantastic lender, and never warrant a moments worry.  

[Anonymous]

Fair point and well received.

[Brian_Earl_Spilner]

They'll probably be fine to recon because the Amex won't report for a couple of months so it will only look like one approval. But they'll probably also ask about the inquiries and whether they were approvals or not.

[AverageJoesCredit]

Not quite sure how $2500 and $3800 cards are bucketed? maybe ask the fine folk languishing with $300 and $600 limits i guess.