Chase Sapphire and Ink Unlimited DENIED

[Anonymous]

Ugh, so annoyed! My wife applied for the Sapphire at my urging, since she has a SW card and our business has the Ink cash card. Denied for both cards, and even after she called the recon number for the Sapphire, they told her it was denied due to a Citi card she had closed 5 years ago (though she paid in full) and for missed payments on a couple of store cards (that are up to date and in good standing). 

She's been responsible with her SW card and we pay the business card off every month. We even recently opened a business checking with Chase to dump our SBA money in. Kinda feel like telling Chase to shove it where it don't shine and close out that business account and take our money elsewhere. 

Last year she applied for the Sapphire and was denied because she was an authorized user on my card that had been closed by Chase due to delinquency. That was settled this past spring. I made sure to have her removed as an AU so they wouldn't use that against her. I thought she was in the clear! 

Denied for the Ink Unlimited too, she apped for both minutes apart. 7-10 day message. Ughhhh so frustrated! Wanted that card for the 0% on some equipment we want to buy. Anyway, rant over. Just disappointed. 

[Anonymous]

Underwriting for Chase small business cards has been extremely strict during Covid.

Very, very numerous posts on the internet of people with excellent credit profiles being denied.

If you see value in future Chase products consider not taking it personally.

However, regardless of what credit bureaus report, Chase will continue to have its own internal records for at least the term of our lifetimes.

[M_Smart007]

Sorry for your denials

Chase is being really Risk Averse

[Anonymous]

We're sitting on a nice pile of points from the Ink cash we got last year and I've wanted my wife to get the Sapphire so we can use those points for travel, not cashback. I might go to the branch and see if they'll do anything about the Ink Unlimited application. Kinda want to just cash out those points and close our accounts with Chase. Just peeved. Purposely opened the checking to deposit the SBA loan we received in hopes that would beef up our profile with them. Might as well keep our money with Wells Fargo instead.

[Anonymous]

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@Anonymous wrote:

We're sitting on a nice pile of points from the Ink cash we got last year and I've wanted my wife to get the Sapphire so we can use those points for travel, not cashback. I might go to the branch and see if they'll do anything about the Ink Unlimited application. Kinda want to just cash out those points and close our accounts with Chase. Just peeved. Purposely opened the checking to deposit the SBA loan we received in hopes that would beef up our profile with them. Might as well keep our money with Wells Fargo instead.

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Going from one extreme to the other. Chase is denying applications, but maybe you will get lucky and Wells Fargo will open several accounts for you regardless of whether you apply.

[randomguy1]

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@Anonymous wrote:

We're sitting on a nice pile of points from the Ink cash we got last year and I've wanted my wife to get the Sapphire so we can use those points for travel, not cashback. I might go to the branch and see if they'll do anything about the Ink Unlimited application. Kinda want to just cash out those points and close our accounts with Chase. Just peeved. Purposely opened the checking to deposit the SBA loan we received in hopes that would beef up our profile with them. Might as well keep our money with Wells Fargo instead.

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The SBA loan, is it related to Covid?

What is the business structure?

[Anonymous]

Yeah, we got the loan because of covid. But it's just sitting there. We're an LLC, been in business 5+ years. After a disatrous April I think we're on track to match or surpass last year's earnings. Pending a hurricane here in Florida, this is going to be the best September yet.

Just ranting! Hate that it was a wasted HP for my wife. 

[addicted_to_credit]

OP, sorry about your DW's luck.... my DGF and myself both have been denied recently for a citi card, she's had nothing new in over a year and I've earned the credit seeker badge. Our scores are all 800+ and combined income is pretty decent especially for the area of the country we live in. It definitely stings a little but at the end of the day it's just a business trying to mitigate risk, it's nothing personal - although it can feel that way. It is what it is, especially right now in the times of COVID. Chase has been great to me and my experience with chase has definitely been positive, so if those cards are still on your list - address what chase didn't like and reapply in the future. Don't give up OP!

[Anonymous]

Here's what the denial letter says addressed to my wife says:

Delinquency/major derogatory on business accounts (I applied and got a Barclays JetBlue biz card over 5 years ago that I didn't take care of, is delinquent since 2016 so I'm guessing that's the account they referenced since the EIN used is the same)

Available credit on business accounts too low (Amex green biz $3500, Ink Cash $6000, HD commercial $500, so $10k total)

Insufficient time since business establishment  (Been in business 5+ years, chase gave us ink cash last year)

Credit report shows history of delinquency, public record or bankruptcy (wife had rough time before we met/married, paid all of her accounts in full. Didn't settle w any of them)

The JetBlue card from when we first started our biz was hard for us to pay, our business was making no money our first year or two and that's where I also lost control of my personal cards, including burning chase. That's why my wife applies instead. Since the Amex is a charge card, I knew I couldn't mess that up and I've had that one since November 2015 and was the workhorse credit wise for our business for years until we got the ink cash last year. 

they pulled eq on her, score of 686. Want to recon but kinda don't too. 

[addicted_to_credit]

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@Anonymous wrote:

Here's what the denial letter says addressed to my wife says:

Delinquency/major derogatory on business accounts (I applied and got a Barclays JetBlue biz card over 5 years ago that I didn't take care of, is delinquent since 2016 so I'm guessing that's the account they referenced since the EIN used is the same)

@ 7 years that can be removed from your cr's but I'd try to pay it off if it hasn't been paid yet - that's a big red flag to any lender if it hasn't been paid

Available credit on business accounts too low (Amex green biz $3500, Ink Cash $6000, HD commercial $500, so $10k total)

sounds like a generic response unless you're near maxed out 

Insufficient time since business establishment  (Been in business 5+ years, chase gave us ink cash last year)

last year was definitely different times financially speaking for most people, I'd imagine 

Credit report shows history of delinquency, public record or bankruptcy (wife had rough time before we met/married, paid all of her accounts in full. Didn't settle w any of them)

anything over 7 years? Have it removed... getting close? I think within 3-6 months you can call up the credit bureaus and request an early exception - it works, I've done this within the last 6 months.

The JetBlue card from when we first started our biz was hard for us to pay, our business was making no money our first year or two and that's where I also lost control of my personal cards, including burning chase. That's why my wife applies instead. Since the Amex is a charge card, I knew I couldn't mess that up and I've had that one since November 2015 and was the workhorse credit wise for our business for years until we got the ink cash last year. 

it's my understanding that even if you make chase whole it can be a while - it could be a year or ten, sometimes less and sometimes more, the computers don't forget anything ever

they pulled eq on her, score of 686. Want to recon but kinda don't too. 

you've already taken the hit so you shouldn't have any more to lose other than the time it takes to do the recon.

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