Chase Amazon Denial/Recon?

[Anonymous]

Applied for it on May 9th, got the denied message and have not received anything in the mail stating why it was denied.

I still have time to recon, should I? I'm thiking the denial was due to Ch7.  Nothing else bad in my reports.

EDIT:

Accounts in the past 6 months:  (all are from 5/8 to 5/15)

Navy Fed More Rewards

AMEX EDP

Williams Sonoma Visa

Sports Man Guide Visa

Citi DC

Inquiries in Experian the past 6 months:

8 (all are from 5/8 to 5/15)

[Adkins]

Yes. I'd call right now, if it were me. Good luck!

[JBJBJB1]

Hi: 

It could be your Chapter 7, your income, too many recent inquiries, too many revolving accounts, carrying balances on your cards (i.e. not following the all zero except one rule "AZEO."  There are lots of complaints online about people with good credit on FICO getting denied this card.   

 It is common for banks to have thier own "rules" with regards to credit.  For instance, Chase does not use FICO Scoring. They use something called a Credit Acquisition Risk V2.  I applied in March with a 685 FICO Score, and 6 late payments in my payment history, was approved for a $5,000 limit, but recieved a card with a higher $7500 limit.  According to the Chase Credit Acquisition Risk V2, my credit was 729 - significantly higher than my FICO Score of 685.   

See article below for more info. 

https://www.usatoday.com/story/money/personalfinance/2016/04/22/5-reasons-why-nearly-perfect-credit-...

Best,

Jerusha 

[Anonymous]

---

@JBJBJB1 wrote:

Hi: 

It could be your Chapter 7, your income, too many recent inquiries, too many revolving accounts, carrying balances on your cards (i.e. not following the all zero except one rule "AZEO."  There are lots of complaints online about people with good credit on FICO getting denied this card.   

 It is common for banks to have thier own "rules" with regards to credit.  For instance, Chase does not use FICO Scoring. They use something called a Credit Acquisition Risk V2.  I applied in March with a 685 FICO Score, and 6 late payments in my payment history, was approved for a $5,000 limit, but recieved a card with a higher $7500 limit.  According to the Chase Credit Acquisition Risk V2, my credit was 729 - significantly higher than my FICO Score of 685.   

See article below for more info. 

https://www.usatoday.com/story/money/personalfinance/2016/04/22/5-reasons-why-nearly-perfect-credit-...

Best,

Jerusha 

---

This is interesting. I don't have a Chase account so  I am not aware of their process, although I have been debating on whether I should apply for their Amazon card in December. I wonder what weighs heavily on their Acquisition risk score. Length of Credit History, Number of recently opened accounts, Income, negatives. It would be nice to know, as that would really help those who would consider applying for a Chase account. I have not even dared with Chase since I know my profile is not to their level just yet. But I do think you should call recon to find out the reason for denial.

[Anonymous]

Update:

1. Called and was put on hold for 30 minutes them music in the background stopped playing and heard a robot lady say “good bye” lol. They disconnected me!

2. Called back and chose the “application status” option and said it was under review.

3. Called the EO office (didnt know) then nice lady transferred me to CSR. This was not the analyst i was hoping for. She was clueless and i said thank you then i hanged up.

4. Call EO office again, this time i meant it lol. Nice gentleman apologized and opened a case number. Took my info and said he would call me back with a resolution.

[fltireguy]

Did you call the EO for a reconsideration?
If you did, you might be barking up the wrong tree. Call Chase lending Services, their phone number is in one of the stickies. Those are the people you need to speak to, those are the analysts that can help you. If you don't get the answer you want from the first person you talk to, after you're done with the conversation, hang up and call again. It might take a couple times.

I have never heard of anybody being assigned a case number by Chase lending, that's why I believe you may have called the wrong department, or gotten transferred to the wrong Department.

[Anonymous]

I DID NOT call the EO office for recon (as stated on #3 above). I didn't know it was them until they answered. They transfered me to a regular CSR. The second call was made to the same number (EO) to have them transfer me to the analyst people.

I did not request a case #. The person who answered apologized because of # 1 and #2 above and said he was going to create a case # to make sure my issue is resolved.

[JBJBJB1]

If you find anything out please let us know. You do have an awful lot of inquiries and credit cards. I had two last year and waited until I had no inquiries for a year to apply. I had at time of application and acceptance for Chase Amazon, if it will help shed some light:

Capitol one 2010 $0/7200
Amex 2/2017 500/20,000
Best Egg Loan: 2/17 $1200/2100 original loan
Car: 12/13 8000/20,000
Mortgage: 2008 154,000/187,000
4 late payments 30 days (last 11/16)
2 late payments student loans 90 days (6/16) closed and paid off.
AV of credit history 10 years
Income 93,000

[Adkins]

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@Anonymous wrote:
Update:

1. Called and was put on hold for 30 minutes them music in the background stopped playing and heard a robot lady say “good bye” lol. They disconnected me!

2. Called back and chose the “application status” option and said it was under review.

3. Called the EO office (didnt know) then nice lady transferred me to CSR. This was not the analyst i was hoping for. She was clueless and i said thank you then i hanged up.

4. Call EO office again, this time i meant it lol. Nice gentleman apologized and opened a case number. Took my info and said he would call me back with a resolution.

---

Keep us updated! 

[Anonymous]

Will do, ill come back and update.