Chase Freedom denied

[Creditcurious74]

So I applied for the freedom card yesterday and was denied. Call three times for a recon and no budge. According to the rep if you filed for BK within 7 yrs they don't want to see no more than 5 new accounts within 2 yrs in order for them to consider it .I will have to let this new accounts age for another year and try again.

[Anonymous]

Sorry about the denial..  Chase doesn't like to see more than 5 accounts in 2 years with anybody, BK or no BK. It's a recent policy change that has been discussed on the forums quite  a bit.

[Creditcurious74]

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@Anonymous wrote:

Sorry about the denial..  Chase doesn't like to see more than 5 accounts in 2 years with anybody, BK or no BK. It's a recent policy change that has been discussed on the forums quite  a bit.

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Thanks Rousseau31. I wished I would have know this otherwise I'd never bother with them. Oh well

[baller4life]

There needs to be a PSA I guess about this so people will stop wasting hps.

IF YOU HAVE MORE THAN 5 NEW ACCOUNTS IN THE PAST 2 YEARS DO NOT, I REPEAT DO NOT APPLY FOR CHASE SLATE,FREEDOM OR CSP. YOU WILL BE AUTOMATICALLY DENIED FOR TOO MANY NEW ACCOUNTS!!!

[Anonymous]

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@baller4life wrote:

There needs to be a PSA I guess about this so people will stop wasting hps.

IF YOU HAVE MORE THAN 5 NEW ACCOUNTS IN THE PAST 2 YEARS DO NOT, I REPEAT DO NOT APPLY FOR CHASE SLATE,FREEDOM OR CSP. YOU WILL BE AUTOMATICALLY DENIED FOR TOO MANY NEW ACCOUNTS!!!

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First I've heard of that :-)

[SecretAzure]

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@Creditaddict wrote:

What "new" policy?

I got approved just over a week ago for my 5th Chase card (Zappos) and they pulled EX with over 90 INQ's and 40+ new accounts in last 24 months

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Creditaddict posted this on 6/18/2015 on the following thread.

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Someone-give-me-objective-advice/m-p/408095...

They like to use whatever excuse is available to them when they simply don't like your profile. The excuse could be anything. I don't think this policy change is a real policy change at all.

[baller4life]

SecretAzure believe it! It is a real policy change for branded cards(the 3 I mentioned). Co-branded cards are fair game.

[Anonymous]

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@SecretAzure wrote:

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@Creditaddict wrote:

What "new" policy?

I got approved just over a week ago for my 5th Chase card (Zappos) and they pulled EX with over 90 INQ's and 40+ new accounts in last 24 months

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Creditaddict posted this on 6/18/2015 on the following thread.

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Someone-give-me-objective-advice/m-p/408095...

They like to use whatever excuse is available to them when they simply don't like your profile. The excuse could be anything. I don't think this policy change is a real policy change at all.

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It's definitely a new policy that has been confirmed on multiple sites and by Chase bankers.  In CreditAddict's case, he was approved for the Zappos card which is a cobranded card.  This policy applies only to the CSP, Freedom and Slate (and possibly to several of their business cards).  Those are non co branded cards.

[Anonymous]

I'm sure it's a real policy. People with 800+ scores and clean, thick profiles have been turned down due to opening more than 5 accounts in two years. I know I've seen a couple threads where that has happened.

[TRC_WA]

Good policy!

I know I can avoid Chase till December 2016!

PITA lender anyway!  I've made it this far without 'em!  All good!