Chase denial, How many times should I recon?

[Anonymous]

I applied for the Chase Freedom card last night and got the dreaded 7-10 day message. I called this morning and spoke to a credit analyst and they said that I have too many new cards, and 2 collections which led to the denial. Should I call and try to recon again? I did not attempt to ask her to kindly reconsider her review or start me out with a low credit limit just to establish my credit with chase. Just for reference, I opened 10 lines of credit this year so far. What should I do?

[Anonymous]

You should recon exactly 0 more times.

As is plastered all over the forums, Chase has a rule that if you've opened 5 or more new credit accounts in the past TWO years (you're double this in half the time), you're ineligible for the Chase Freedom, Sapphire Preferred, and Slate cards.

[Anonymous]

---

@Anonymous wrote:

You should recon exactly 0 more times.

As is plastered all over the forums, Chase has a rule that if you've opened 5 or more new credit accounts in the past TWO years (you're double this in half the time), you're ineligible for the Chase Freedom, Sapphire Preferred, and Slate cards.

---

I wonder if this "rule" is legit. Where did this information come from? Thanks for your honest opinion. I guess I have to know when to take a loss! This is one of them. Thanks again.

[Anonymous]

The rule is legitimate, I'm sorry to say. I wish it weren't.

Just Google "Chase 5/24" and there are multiple websites and discussion boards talking about it. It went into effect in the spring/summer of this year.

You're obviously welcome to try again but there is a 99.99% chance it will do you no good.

[Anonymous]

Unfortunately, they will not approve you for a Freedom card with 10 open lines in one year. Probably, you would have a better chance with a co-brand card that has less restriction.

[CreditCuriosity]

What everyone else said.

[taxi818]

---

@Anonymous wrote:

---

@Anonymous wrote:

You should recon exactly 0 more times.

As is plastered all over the forums, Chase has a rule that if you've opened 5 or more new credit accounts in the past TWO years (you're double this in half the time), you're ineligible for the Chase Freedom, Sapphire Preferred, and Slate cards.

---

I wonder if this "rule" is legit. Where did this information come from? Thanks for your honest opinion. I guess I have to know when to take a loss! This is one of them. Thanks again.Is the

---

Is the rule legit??? Lmao. of course it is. I say call until your heart is content. more than likely the same answer over and over. And they also know you talked to the last rep. finally it will sink in no one is making this stuff up. hehehe