Chase new account maximum - 4 in two years?

[syeb]

After applying for a bunch of cards over the past six months my wife just applied for the Freedom. Got the initial 7-10 message and then received a letter in the mail saying "too many accounts opened in the past two years". She had opened 4 Chase cards this year - CSP, Marriott, United, and BA.

FICO scores in the mid-700's, util < 10%, a couple of derogs with the latest from 2011.

It would certainly seem that 4 is the magic number. Has anyone been able to exceed that number? I am looking to apply for CSP myself but already did my 4 - IHG, Marriott, United, IHG.

[msbia]

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@syeb wrote:

After applying for a bunch of cards over the past six months my wife just applied for the Freedom. Got the initial 7-10 message and then received a letter in the mail saying "too many accounts opened in the past two years". She had opened 4 Chase cards this year - CSP, Marriott, United, and BA.

FICO scores in the mid-700's, util < 10%, a couple of derogs with the latest from 2011.

It would certainly seem that 4 is the magic number. Has anyone been able to exceed that number? I am looking to apply for CSP myself but already did my 4 - IHG, Marriott, United, IHG.

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Yes, Amazon in November, PC to Freedom shortly after. United in December, Marriott in January, closed United in March when approved for CSP, April I got AARP and then late May approved for IHG. I don't know when this new policy started but I'm thankful I haven't had to recon the last two cards or I probably wouldn't have them. 

[Anonymous]

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@syeb wrote:

After applying for a bunch of cards over the past six months my wife just applied for the Freedom. Got the initial 7-10 message and then received a letter in the mail saying "too many accounts opened in the past two years". She had opened 4 Chase cards this year - CSP, Marriott, United, and BA.

FICO scores in the mid-700's, util < 10%, a couple of derogs with the latest from 2011.

It would certainly seem that 4 is the magic number. Has anyone been able to exceed that number? I am looking to apply for CSP myself but already did my 4 - IHG, Marriott, United, IHG.

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It's not the number of new Chase accounts that matter.  It's the number of all new accounts.  The denial reason for your wife is referring to that, not the Chase accounts

[msbia]

And even ^^ that is subjective because I have overall 8 new accounts this year alone. I think Chase is using that as an excuse depending on the profile maybe? I started my credit journey January 2014 and if anyone is a candidate for a denial based on new accounts, it's this girl lol. 

[syeb]

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@Anonymous wrote:

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@syeb wrote:

After applying for a bunch of cards over the past six months my wife just applied for the Freedom. Got the initial 7-10 message and then received a letter in the mail saying "too many accounts opened in the past two years". She had opened 4 Chase cards this year - CSP, Marriott, United, and BA.

FICO scores in the mid-700's, util < 10%, a couple of derogs with the latest from 2011.

It would certainly seem that 4 is the magic number. Has anyone been able to exceed that number? I am looking to apply for CSP myself but already did my 4 - IHG, Marriott, United, IHG.

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It's not the number of new Chase accounts that matter.  It's the number of all new accounts.  The denial reason for your wife is referring to that, not the Chase accounts

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I think you hit it. Perhaps 11 new accounts in 5 months may have spooked them. I was thinking of Chase cards only.

[Anonymous]

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@msbia wrote:

And even ^^ that is subjective because I have overall 8 new accounts this year alone. I think Chase is using that as an excuse depending on the profile maybe? I started my credit journey January 2014 and if anyone is a candidate for a denial based on new accounts, it's this girl lol. 

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That's my thought. When I reconned my Freedom denial on 5.31 the analyst didn't even mention new accounts in the last two years, and I have seven.

[Jerry45]

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@Anonymous wrote:

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@syeb wrote:

After applying for a bunch of cards over the past six months my wife just applied for the Freedom. Got the initial 7-10 message and then received a letter in the mail saying "too many accounts opened in the past two years". She had opened 4 Chase cards this year - CSP, Marriott, United, and BA.

FICO scores in the mid-700's, util < 10%, a couple of derogs with the latest from 2011.

It would certainly seem that 4 is the magic number. Has anyone been able to exceed that number? I am looking to apply for CSP myself but already did my 4 - IHG, Marriott, United, IHG.

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It's not the number of new Chase accounts that matter.  It's the number of all new accounts.  The denial reason for your wife is referring to that, not the Chase accounts

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Thanks for the clarification, Irish. It is new accounts, not just new Chase Accounts.

[msbia]

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@Anonymous wrote:

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@msbia wrote:

And even ^^ that is subjective because I have overall 8 new accounts this year alone. I think Chase is using that as an excuse depending on the profile maybe? I started my credit journey January 2014 and if anyone is a candidate for a denial based on new accounts, it's this girl lol. 

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That's my thought. When I reconned my Freedom denial on 5.31 the analyst didn't even mention new accounts in the last two years, and I have seven.

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I have 20+ since Jan. 2014 and have been approved for 7 Chase cards since November 2014. So....shrug.

[Anonymous]

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@msbia wrote:

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@Anonymous wrote:

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@msbia wrote:

And even ^^ that is subjective because I have overall 8 new accounts this year alone. I think Chase is using that as an excuse depending on the profile maybe? I started my credit journey January 2014 and if anyone is a candidate for a denial based on new accounts, it's this girl lol. 

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That's my thought. When I reconned my Freedom denial on 5.31 the analyst didn't even mention new accounts in the last two years, and I have seven.

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I have 20+ since Jan. 2014 and have been approved for 7 Chase cards since November 2014. So....shrug.

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Just to be clear the only Chase cards that are of concern are the non co branded ones; CSP, Freedom and Slate.  This new policy that everyone is talking about only recently started.  Did you get any of those 3 within the last month or so?

[msbia]

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@Anonymous wrote:

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@msbia wrote:

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@Anonymous wrote:

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@msbia wrote:

And even ^^ that is subjective because I have overall 8 new accounts this year alone. I think Chase is using that as an excuse depending on the profile maybe? I started my credit journey January 2014 and if anyone is a candidate for a denial based on new accounts, it's this girl lol. 

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That's my thought. When I reconned my Freedom denial on 5.31 the analyst didn't even mention new accounts in the last two years, and I have seven.

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I have 20+ since Jan. 2014 and have been approved for 7 Chase cards since November 2014. So....shrug.

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Just to be clear the only Chase cards that are of concern are the non co branded ones; CSP, Freedom and Slate.  This new policy that everyone is talking about only recently started.  Did you get any of those 3 within the last month or so?

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Yes, CSP.