Bad Experience with Chase Card Applications

[CreditCuriosity]

Give your childs profile some time and do they really need 50k+ in credit at 18/19 also alot of these cards were obtained recently from reading approval posts?  If I was a bank and saw a college student and that college student had 50k in CC available to them and probably min income other that how you help him/her out I would tend to decline it as well.  You child just in my honest opinion has many many card already and credit profile will be more robust than 99.9% of student now or by the time he/she graduates.  

Just my 2 cents.  Chase is trying to be responsible in lending and as other reader stated default rates are rising across the board for every lender, why even with a good but young profile put themselves out on more of a limb when once again adequate credit IMO has been given to someone with limited means personally.  

Anyways just my 2 cents.  

[BronzeTrader]

This is not about obtaining credit, it is about building relationship.  Chase was the 2nd bank that we applied.  We had 2-year of credit history (as AU), 780 FICO.  First card having $3,500 CL.  And Chase would not consider.  Chase was given a chance for a relationship.  Even a $500 CL would be just fine.  But....

I've seen something like this before.  I had quite a bit assets at Fidelity.  I had to pay the commission each time I made a trade.  But Fidelity is giving away more than 50,000 airline points to attract new $$$.  Why they just want to spend the $$ to attract new customers and ignore existing customers.  So I left them and have not returned.  

IMO, it is just a bad business model to give away $$$ to attract new business.....