CSP DECLINED with 740 Credit Score?! Really, CHASE?!

[nitrov]

Also I totally agree that there's nothing particularly special about the CSP compared to what's out there. The fact is I maintain a decent relationship with Chase, I get pre approval offers from them for CSP on almost a weekly basis, and I've done a lot of work to get my credit to a point where no one really denies me for a credit card I app for. It just annoys me that of all the people to deny me credit it would be someone I already have a really strong relationship with SOLELY due to one stupid rule. I get the rule, I get it I get yes I get they want to avoid churn & burners and blah blah blah but that's not me. I like CSP cuz it has cool exclusive dining event invitations, it doesn't have a $450 AF, and I can manage it from the same login and all my other Chase stuff, but whatever. It is their call, and if they want to give me a CLI on one card yet say I'm not eligible for another and be, in my view, arbitrary and illogical, that's their call. I'll spend my AF elsewhere and give them my interchange revenue. I won't lose sleep over that.

[someg33k]

It seems like an overly strict rule to me, but Chase is not the only game in town.

OP I understand being annoyed with people sticking up for banks here. Take that same conversation outside this forum though, and we will find lots of people to join in the bank bashing  

In this case though I think it would be fair to be equally mad at the CC churners which somewhat forced the banks to become more strict. Something along the lines of a few bad apples spoil the bunch...

It sucks and I cant even imagine how frustrated you are getting denied with your credit profile. But there are plenty of other banks that would love your business.

Have a good weekend!

[Anonymous]

Agreed.

[nitrov]

I just missed a call from Chase. Called them back and the CSR had no clue why someone called me from there. Called the automated app line and it still says 2 weeks in review for CSP. I'm wondering if they were trying to call me about that? Hmm

[jonnyc]

I didn't read this whole thread but, 2 weeks or 30 days usually means approval. I recived my freedom as one of my first cards with no fico score, But I apped in branch and had the special consideration form filled out as well for having a balance over 10k. Good luck to you and I hope this turns out to be an approval !

[Gmood1]

I bet they were calling you for verification.

[nitrov]

Darn! So what do I do? Call back or wait til they call me back?

[jonnyc]

---

@nitrov wrote:
Darn! So what do I do? Call back or wait til they call me back?

---

as much as people say what ever you do don't speak to the lending department at chase, I did multiple times and my app turned out fine. If it is just verification I would call the app status line and speak to someone and see what they say. They'll transfer you to either verification or lending. its up to you if you chose to speak to them though. People say the lending department is harsh at chase but from my experience I have nothing but nice things to say. 

[nitrov]

I have def had very mixed experience with them. A couple times it's been excellent and they've been nothing but nice, then a couple others it's been the polar and complete opposite. I guess I'll see if they call back tomorrow, and if not, I'll try giving them a call back. No sense rushing it at this point.

[Anonymous]

Just to beat a dead horse...just because. If they find that 5/24's have burned them(or something around that), then it's just not smart business. Some people ruin it for everyone and i'm sure that's rpobably what happened here. If they would make 1$ allowing 5/24, and rejecting 5/24, they'll still only make $1...but save .50...its worth it. 

Also to clarify, when you originally apped, if you were geting all these prequalifiers, did you use a prequalifier? If so i think you're the first i've seen to be rejected.