Chase Southwest denial and a question for the forum!

[ohreally7654]

Hi all!

So, last week, I had a very successful little spree, and definitely happy with how it turned out, overall. Applied for 5 cards, and approved for 4:

Amex PRG

Amex BCE

Citi Aadvantage

Citi Home Depot

At the very beginning of that spree, I had app’d for the Southwest card from Chase. I somehow missed that that Chase card fell under the 5/24 rule. How I ever missed that I have no clue, as I read these forums religiously!! But I digress. I received my denial yesterday and the only reason it cited for denial was too many accounts opened in the last 24 months. This brings me to my question:

For those of you that have been denied, citing that reason, have you also seen additional reasons listed, in conjunction with the ‘violation of the 5/24 rule’?! Specifically what I am trying to determine is whether I was instantly denied because their algorithm detected too many new accounts, and it stopped there (in other words, the rest of my profile wasn’t even evaluated), or if that was truly the only reason for my denial.

A little backstory: I had opened a Chase Slate account several years ago, and when my credit went south a few years back, it was one of the credit cards that I ended up entering into a monthly payment plan with Chase, at 0% interest, in order to make my payments more manageable for me. My profile has improved dramatically since that occurred, and would love to re-establish a relationship with them, but I’ve wondered if I would see future denials just based off of past lates on the old account (account was paid off/paid in full, just had gone late in the past). The Southwest card is one that would have been very valuable to me, but there is another co-branded card I am potentially considering (Ritz Carlton) applying for towards the end of the year, and trying to determine whether to go for it, or wait another year or two to put some more time between the payoff of that old account. 

Ultimately, I will probably just have to apply and see what happens, but was just looking for feedback from those who’ve gotten denials citing too many new accounts. I’d love to save myself a hard pull if possible! 

Thanks so much in advance!!

[Aduke1122]

I have heard that there is usually no way around the 5/24 esp if you were given that reason for denial specifically . I have seen some by pass the 5/24 by having preapprovals though

[Anonymous]

5/24. Pre-approval or the lucky few whom have their FAirmont PC to CSP. Grumble.

Bout it.

I wait for the CSR. Or if BoA's new premium card doesn't suck... Either way. Sorry.

[Anonymous]

If you have a checking or savings account with chase, check your login for preapproved offers.  You can also go into the branch and ask for offers.

In branch preapproved offers ignore the 5/24 for many people.

[134Sparks]

Attention all Chase customers!!!!!!!  I just requested a CLI on my chase SWA card. I have had the card for three plus years 5K credit line maxed out paid off in full  month after month ect. No lates never missed a payment credit file clean except for BK 9 years ago. I have 755 FICO. Get this, Chase tells me first denied, then I recon then they tell me CHASE HAS REFORMULATED THERE POLICY REGARDING BK'S AND THEY NOW COUNT BIG TIME AGAINST YOU. More so than when first filing and or more so then when you get original card and account from Chase. I have 3% debt total. This is absoultly the most bogus policy I have ever heard of. Leave it up to CHASE to jerk people around, what a scam. And a hard pull to boot. I waited a long time to make this request made sure all the ducks were in a row and then this BS excuse. Crazy. Never ever would I bank with them. Fair warning don't get scamed by Chase.............

[sdchrgrboy]

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@134Sparks wrote:

Attention all Chase customers!!!!!!!  I just requested a CLI on my chase SWA card. I have had the card for three plus years 5K credit line maxed out paid off in full  month after month ect. No lates never missed a payment credit file clean except for BK 9 years ago. I have 755 FICO. Get this, Chase tells me first denied, then I recon then they tell me CHASE HAS REFORMULATED THERE POLICY REGARDING BK'S AND THEY NOW COUNT BIG TIME AGAINST YOU. More so than when first filing and or more so then when you get original card and account from Chase. I have 3% debt total. This is absoultly the most bogus policy I have ever heard of. Leave it up to CHASE to jerk people around, what a scam. And a hard pull to boot. I waited a long time to make this request made sure all the ducks were in a row and then this BS excuse. Crazy. Never ever would I bank with them. Fair warning don't get scamed by Chase.............

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And I bet, if you were granted the CL you woud be singing their praises.  Banks are allowed to change thier policies. It happens all the time.  Sorry it cost you a HP

[Anonymous]

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@134Sparks wrote:

Attention all Chase customers!!!!!!!  I just requested a CLI on my chase SWA card. I have had the card for three plus years 5K credit line maxed out paid off in full  month after month ect. No lates never missed a payment credit file clean except for BK 9 years ago. I have 755 FICO. Get this, Chase tells me first denied, then I recon then they tell me CHASE HAS REFORMULATED THERE POLICY REGARDING BK'S AND THEY NOW COUNT BIG TIME AGAINST YOU. More so than when first filing and or more so then when you get original card and account from Chase. I have 3% debt total. This is absoultly the most bogus policy I have ever heard of. Leave it up to CHASE to jerk people around, what a scam. And a hard pull to boot. I waited a long time to make this request made sure all the ducks were in a row and then this BS excuse. Crazy. Never ever would I bank with them. Fair warning don't get scamed by Chase.............

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Ive seen a couple of threads regarding EPIC recons(not sure the recon itself was epic, but the relatively short length of time since they burned Chase in IIB made the posts epic), but they were regarding the Chase Amazon Visa.  Is the underwriting for that card severely different than this co-branded card?  I actually want this one, and am really hoping someone can give me some hope for it.  So it seems this cobrand can't break the 5/24 like the Amazon Visa?  The amazon one is actually inferior to me for Amazon shopping vs the Amazon store card which gives you 5% back, but this would let me kill 2 birds with one stone(getting back with Chase, and some nice points on Southwest).  

Im hoping someone has a different take, or else this is depressing.  I wonder if they will treat even the Amazon Visa this way as well?

[Total80sKid]

Heck, I've never had a BK, never late or missed a payment in my entire credit history, have a checking/savings with Chase and can't even get a CLI on my 2yr old $500 CF.

I think with my income being lower and Chase seeing that, is hurting me with them, but I also think I only got the Freedom because I bank with them. Scores weren't even barely 600 when I was approved. Blah

[fltireguy]

CaptainJ- it has nothing to do with "breaking the 5/24". This card simply is not part of their 5/24 rule. Not all chase cards are 5/24, Disney,AARP,Amazon,IHG to start with are not. UW for Amazon does seem a little less stringent than for some of their other cards though, and the SL is also usually on their low side. lol

How is the Amazon Prime Visa inferior to the store card? They are both 5%, actually at the moment most of us are getting 10% back from Chase. Plus you can't use the store card anywhere else, so it's actually the store card that's the worthless one for me!

[Anonymous]

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For those of you that have been denied, citing that reason, have you also seen additional reasons listed, in conjunction with the ‘violation of the 5/24 rule’?! Specifically what I am trying to determine is whether I was instantly denied because their algorithm detected too many new accounts, and it stopped there (in other words, the rest of my profile wasn’t even evaluated), or if that was truly the only reason for my denial.

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I've been wondering the same thing. I was recently denied for the Southwest Visa and the only reason given was the 5/24 rule. I've been wondering if that means I might get approved for the Amazon or AARP cards. I don't need them bad enough to risk the denial to find out, though. Only reason I applied for Southwest was because I was booking a trip through them.