cancel
Showing results for 
Search instead for 
Did you mean: 

Denied by Chase - What next?

Estimate your FICO® Score range for free

FICO® Score Estimator

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
New Contributor

Denied by Chase - What next?

Just denied by Chase (for Freedom Card), called in and was told insufficient credit history & too thin of a file, called recon and was told too many inquiries (I suppose from when I went car shopping recently (I thought they were only supposed to count as one but that doesn't seem to be the case) and insufficient credit history, pushed to a supervisor and explained my car shopping ways and they said it's not just that it's also the credit age (1 year yesterday) and too thin of a file (2 cards 1 self lender loan).  Anyway just going off of advice I found here and there and kind of surprised I got denied, any advice for next steps?  Also what can I do about the inquiries, do they all still show but they're only counted as one by lenders? I was most surprised at the inquiry comment since they're very low relatively (discover app shows 1 inquiry, credit karma shows 6).



Starting Score: 510
Current Score:746
Goal Score: 800


Take the myFICO Fitness Challenge
Message 1 of 22
21 REPLIES 21
Contributor

Re: Denied by Chase - What next?

I wish I had solid sound advice for you, but Chase Bank has never made sense to me. They turned me down over an apartment collection 5 years ago at a 701 FICO and I never went back to them after that.
Starting Score: (5/01/2017) -- EXP: 495; TU: 445; EQ: 460
Current Score (07/29/2019): EXP: 675; TU: 691; EQ: 687

Target Red - $800
Discover It Cash Back - $1000
Capital One Quicksilver - $700
US Bank Cash+ Visa Signature - $1000
Message 2 of 22
Community Leader
Super Contributor

Re: Denied by Chase - What next?


@Justasheep wrote:

Just denied by Chase, called in and was told insufficient credit history & too thin of a file, called recon and was told too many inquiries (I suppose from when I went car shopping recently (I thought they were only supposed to count as one but that doesn't seem to be the case) and insufficient credit history, pushed to a supervisor and explained my car shopping ways and they said it's not just that it's also the credit age (1 year yesterday) and too thin of a file (2 cards 1 self lender loan).  Anyway just going off of advice I found here and there and kind of surprised I got denied, any advice for next steps?  Also what can I do about the inquiries, do they all still show but they're only counted as one by lenders? I was most surprised at the inquiry comment since they're very low relatively (discover app shows 1 inquiry, credit karma shows 6).


Dont look at what Discover shows in terms of inq, it's wonky and incorrect 

Auto inquiries are binned for scoring purposes, but when credit is pulled, they are counted individually. 

 

I dont think Chase cares too much about your car HPs. You have a very young and very thin file. In your case, it's just too early for Chase. 

Even if you were successful at recon, you'd be looking at terrible approval terms and SL. 

You would probably be better off grabbing another card from a different lender (as long as it fits your spending habits) then try again with Chase in 6-12 months, providing you stay under 5/24

EX 753 EQ 773 TU 752
Message 3 of 22
New Contributor

Re: Denied by Chase - What next?

Can you recommend another card I might qualify for (I don't want to add too many more inquires, I had no idea or I wouldn't have been so liberal), preferably one with a decent sign up bonus and travel rewards 



Starting Score: 510
Current Score:746
Goal Score: 800


Take the myFICO Fitness Challenge
Message 4 of 22
Contributor

Re: Denied by Chase - What next?

OP,

Try getting secured cards from big banks.
Open LOC:
Paid-off Installment Loans:
2018:
2019:
Message 5 of 22
Contributor

Re: Denied by Chase - What next?

I would recommend the U.S. Bank Cash+ Visa Signature Card.
Starting Score: (5/01/2017) -- EXP: 495; TU: 445; EQ: 460
Current Score (07/29/2019): EXP: 675; TU: 691; EQ: 687

Target Red - $800
Discover It Cash Back - $1000
Capital One Quicksilver - $700
US Bank Cash+ Visa Signature - $1000
Message 6 of 22
Valued Contributor

Re: Denied by Chase - What next?

Check Amex for prequals, and any that are a green light, read through their categories and see how they line up. If they’re a fit for your spending and are preapproved, go for it.


Rose Gold/BCP/Delta Gold/Hilton Surpass/Hilton Honors | IT | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Kohl’s

Heir apparent to the SJ Special (finally got a Disco CLI of $300)

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
Message 7 of 22
Community Leader
Super Contributor

Re: Denied by Chase - What next?

Im not sure what part of the forum you have been reading but the standard advice given in regards to Chase is they like more than 1 year credit history and aren't to kind to thin files. Seems you were given the wrong impression somewhere. Just continue to build up your credit history through good payment history snd perhaps add a third card before Chase as they usually dont like to be your first in anything.
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
Officially S.O.G.O.T.P
Message 8 of 22
New Contributor

Re: Denied by Chase - What next?

Looks like no prequal offers from Amex, should I just garden a while?



Starting Score: 510
Current Score:746
Goal Score: 800


Take the myFICO Fitness Challenge
Message 9 of 22
Valued Contributor

Re: Denied by Chase - What next?


@Justasheep wrote:

Can you recommend another card I might qualify for (I don't want to add too many more inquires, I had no idea or I wouldn't have been so liberal), preferably one with a decent sign up bonus and travel rewards 


I would hold off and let your current card age till at least one year. Once you reach the one year mark and you keep your utilization low you will be pretty much golden.

American Express: Platinum Charge, Optima, Business Gold
Barclays: Arrival+ WEMC
Capital One: Savor WMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (5.16.19) EX: 792 / EQ: 822 / TU: 800
Message 10 of 22
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.