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Chase Iberia denial - a few DP

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fltireguy
Valued Contributor

Chase Iberia denial - a few DP

Apped for a Chase Iberia Visa card and was denied due to ex being frozen. Which I forgot. Got a letter from Chase to call them, so I did.
After speaking to the CSR in The Lending Department, I was denied for the card. But, I did have a nice conversation with the rep, who mentioned the fact that this card does not come under the 5/24 rule. He also mentioned the chase looks at inquiries over a four month no period..... And that was the reason for my decline, inquiries...

But, now we know how far they are looking back for inq., At least according to this CSR.
NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
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1 REPLY 1
Anonymous
Not applicable

Re: Chase Iberia denial - a few DP

Being not subject to 5/24 doesn't mean they won't close your account after approval when they see a lot of new accounts. The too many inquiries can also be another reason for them to close a newly opened account (plus all other Chase credit cards already opened).

 

Maybe it's a good thing they denied it manually, so they don't have to close the account after approving.

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