Chase Saphire Denied and Still Under Review

[FLLGuy]

Long story short, recently approved for Citi Costco felt risky and app'd for CSP and was given the wait, denied, and still under review messages.  it's been a couple of years since I've recon'd CSP without success.  I'm pretty sure i'm within the 5/24 rule and made sure to have my application ID ready when I call, the newer numbers i found on here refer me right back to regular customer service across the pond sort of speak.  Licking my CSP wounds, I went back to my old faithful (NFCU) for some CLI Love $8K to each card.  

Does anyone have the latest/greatest recon number for CSP Exec Offices like back in the day?   

[FLLGuy]

UPDATE: 07/08

• Initial application denied due to credit freeze
  • Unfroze Equifax (730+ Fico 8/9)
• Recon#1 - Called in requested manual review, transfered to Underwriter, waited 24 hours "Denied"
  • Reason DTI which i'm told is common.  I've also paid down $40K in CC debt over 60 days ago and scores have jumped. 
• Recon#2   - Pondering when to go after recon 2.  
  • Killing me to know i stepped out of the garden and burned an inquiry with no fruit. 

[FLLGuy]

RECON#2 (Underway)

• Called again this morning spoke to tier 1, explained i wasn't happy with the denial reasons considering i've reduced $40K worth of debt 60 days ago.  Without questions I was patched over to the Consideration Team. 
• Asked why I'd like to reconsider, explained I'm looking for an ideal catch all travel card not tied with airlines or hotels and figured my bank of 25years would be ideal considering my history.  
• DTI was mentioned and balances on a few cards.  I explained those will be taken care of on my next bonus payout just like the $40K prior to 60 days ago.  
• Asked If I'd like to consider adding to my household income, sure!  Added my Wife's income hopefully this may help with their sensitive unrealstic DTI concerns.  Then told the case will be manually reconsidered with the underwritting team with wife's income and to call back in 48 hours for results.   

Will keep updating here as long as i have the time to continue reconsidering with CSP.  I'm reading online sometimes the 3rd try is the charm.   Hoping I don't go 3 rounds but, we'll see. 

[FLLGuy]

*Update on Recon#2*

• Denied with the same reasons concerns over DTI.  
• For context (Fico8 is EQ 770 / EX 740)
• Added wife's additional household income to ease DTI concerns
• Still Denied.

What now remains, do i even consider going a 3rd time and should I wait or call again tomorrow morning.  Curious to know from others how many times they Recon'd with DTI concerns and were successful.   Thoughts?  Feedback? or other Comments?

[youngandcreditwrthy]

@FLLGuy  bro, those numbers dont work at all anymore.

Id go to Exec office maybe? There's also a thread you can check for the latest and greatest.

I haven't been able to get ahold of an underwriter in years.

even the BOA and Syncb one's I had on speed dial were dc'ed some years ago.

and let me tell you as someone that works with AI and Call Centers, AI is taking over by not allowing Humans to override in any capacity whatsoever in spite of their terrible decision making (denying money making opportunities for businesses).

The only way AI is good for business is that businesses can use the third or fourth party doctrine whereby the liability for decision making gets pushed off onto AI (prevents lawsuits? whereas I think it will cause more). 

There's a lot of new precedent to be set in the coming years. Private business does the same thing government does.. skirts the rules by hiring a third party and transferring the liability over to them. 

[youngandcreditwrthy]

@FLLGuy  also word to the wise, it seems banking relationships are actually giving banks reason(s) to deny people rather than approve them these days,

I like to have multiple checking/savings/investment accounts open so if one goes bad, I have backup plans A, B, C.

Are they even telling you what your DTI is? I know that BOA (my own bank) and Capital One (the bank where I had my first card and NEVER defaulted in 19 years) made me provide POI...I decided not to give them my investment info, and then the gave me a middle limit stating "no investment relationship" like eff off dudes. 

Anyway my point is, you should always pay attention to the verbiage on apps, and ALWAYS include ALL INCOME IN YOUR HOUSEHOLD.

that includes anyone in your home " that you have reasonable access to" - this resulted from the Credit Card Act passed in 2010. 

and alot of people are bumping up against DTI because of inflation that came to normal levels but never fully went back to 2019 levels because of 15 trillion in spending between two admins. 

the difference between smart and dumb people is their ability to save. oof. Yes Nepo babies.

Is your business a risky one? That could be it. But as someone whose income makes up about 20% of it, I feel ya on seasonality of bonuses. I dont rely on credit, but I do use it as most do responsibly so. more than 60% of consumers are over 680 FICOs. and like 27% of the population is 750+.. this is what happens in an inflationary environment. and with corporate profits making up more than half of our national income, it aint lookin' good.

do you have any other savings, investment accounts, anything with substantial assets that you can provide them? or call them back and tell them hey you didn't consider my home equity or the 1918 Ford in mint condition that I own or the million dollars in jewels that are insured that I own... stuff like that.