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Hi there-
I'm 34 and take great care of my credit. Due to 2 vacations this year, I decided to add a chase sapphire card to my portfolio. I've hemmed and hawed at this move for about 2 months because I hate having hits on my credit report. I already have one for an auto loan.
Anyhow, I decide to pull the trigger and to my suprise the screen said "We need more info". (!)
I logged in later that morning to my chase account (I am a freedom card holder already) and they didn't even show the app on the 'pending app' section.
I called, and despite the heavy accent and muffled words of the person who helped me they told me the reason I was denied was "I have too many credit cards". I said "excuse me?" I have 0 balance on all my cards, a credit score of >800, no missed payments. Looking through the forum, there's people with signatures that show what credit cards they have and there's a ton with more cards than I do!
I'm married with an income that adding on more card would not be an overextension.... we have a 0 balance on all our accounts currently. I told him "What a waste of a pull of my credit!" before I hung up with him.
Has anyone dealt with this before? Is what they mean different than what they say? I'm absolutely baffled. I haven't had a decline in nearly 15 years.
TIA!
Sarah
personally if i were you, i'd call back and speak to someone else. it sounds like you deserve the card. IMHO
How many credit cards have you opened in the last 24 months? Are you aware of the Chase 5/24 restriction - no more than 5 new accounts in 24 months?
Did you have a prequalified offer in your account before you applied or did you go in for a cold application?
Are you absolutely certain that your credit report is clean? Chase would create a risk score (their own internal version of FICO) to make a decision. If your profile is as solid as you say, I cannot imagine why they would deny your application unless income is way too low, you have too many new cards, or if they think you're not carrying any kind of balance on your cards (a sign that could indicate credit seeking/churning behavior).
You should call back and go to recon with another CR.
Since you do not show your scores, debts, current credit cards, utilization, we here on thid board has little to go on about the reason for the decline. Sorry for your bad luck.
@Anonymous wrote:Hi there-
I'm 34 and take great care of my credit. Due to 2 vacations this year, I decided to add a chase sapphire card to my portfolio. I've hemmed and hawed at this move for about 2 months because I hate having hits on my credit report. I already have one for an auto loan.
Anyhow, I decide to pull the trigger and to my suprise the screen said "We need more info". (!)
I logged in later that morning to my chase account (I am a freedom card holder already) and they didn't even show the app on the 'pending app' section.
I called, and despite the heavy accent and muffled words of the person who helped me they told me the reason I was denied was "I have too many credit cards". I said "excuse me?" I have 0 balance on all my cards, a credit score of >800, no missed payments. Looking through the forum, there's people with signatures that show what credit cards they have and there's a ton with more cards than I do!
I'm married with an income that adding on more card would not be an overextension.... we have a 0 balance on all our accounts currently. I told him "What a waste of a pull of my credit!" before I hung up with him.
Has anyone dealt with this before? Is what they mean different than what they say? I'm absolutely baffled. I haven't had a decline in nearly 15 years.
TIA!
Sarah
I personally know how you feel. Happened to me last year when I had 800 scores, 1% UT, and always PIF. When the CSR told me the reason was over 5/24, I was so livid I closed my ChaseFU and immediately applied to AmX and got a $15K CL and a $8K CLI on my NFCU. Don’t regret closing it and haven’t looked back.
I would try recon. Even though that person obviously knows your credit situation inside and out after seeing the computer result, it never hurts to tell Chase you deserve the card lol