How can I recon with Chase?? Phone number? (Edit: Denied on Recon)

[Anonymous]

Myfico Scores: EQ 661 (though, I think I have a late payment removed), TU 713, EX 692

I called Chase as soon as I was rejected and was told that they couldn't do anything for me. I have a Chase Amazon (CL = $2000), Chase Freedom (CL = $500), and Chase Slate ($500).  12%, 22%, and 20% utilized, respectively.  Just received the letter and the reason is:

"Too many credit cards opened in the last 2 years."  (I was approved for a Walmart Card today for $1600)

I have twenty five credit card accounts.  I built a credit card payment/utilization tool, so I'm on top of all my credit cards and know my overall utilization, as well as each card's utilization.  My overall utilization (as of today with the Walmar Card utilization is 15.6%, prior to that, it was 16.8%. Most utilized card is Well's Fargo with 44.32% utiliztion, Citi AAdvantage at 32.4% utilization, and the rest of my cards in the 20s or below - many at 0 balances.

I want to purchase two programming classes that are about $1800 each.  

I've heard of others successfully reconning with them, but would like advice and a phone number to call.  I feel like my credit profile is decent.  Would love to have the Sapphire to offset the purchasing of the classes.

Please help!  Thank you!

[ojefferyo]

Chase has a 5 limit within a 2 year period now for their branded cards

[FinStar]

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@Anonymous wrote:

Myfico Scores: EQ 661 (though, I think I have a late payment removed), TU 713, EX 692

I called Chase as soon as I was rejected and was told that they couldn't do anything for me. I have a Chase Amazon (CL = $2000), Chase Freedom (CL = $500), and Chase Slate ($500).  12%, 22%, and 20% utilized, respectively.  Just received the letter and the reason is:

"Too many credit cards opened in the last 2 years."  (I was approved for a Walmart Card today for $1600)

I have twenty five credit card accounts.  I built a credit card payment/utilization tool, so I'm on top of all my credit cards and know my overall utilization, as well as each card's utilization.  My overall utilization (as of today with the Walmar Card utilization is 15.6%, prior to that, it was 16.8%. Most utilized card is Well's Fargo with 44.32% utiliztion, Citi AAdvantage at 32.4% utilization, and the rest of my cards in the 20s or below - many at 0 balances.

I want to purchase two programming classes that are about $1800 each.  

I've heard of others successfully reconning with them, but would like advice and a phone number to call.  I feel like my credit profile is decent.  Would love to have the Sapphire to offset the purchasing of the classes.

Please help!  Thank you!

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On your separate post from another recent thread, please read-up on the Chase "policy changes" thread (or, perform a search on some recent ones with the same scenarios)

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@FinStar wrote:

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@Anonymous wrote:

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@Anonymous wrote:
Ok. Update. Well i spoke with a credit analyst, and he informed me of the CO with WAMU back in 2007, which they took over because I said I've never had an account with Chase. I said what can I do to get back in your good graces? So he said we can reconsider, if that's something you would like to do. On hold for about 5 minutes, came back, asked me questions about income, rent, you know the usual stuff. On hold for another 5 minutes, which seemed like an hour, came back and said he put me in for an approval, but it had to be looked at by a Senior Lender, and I would hear back in about 5-7 buisness days. The suspense is already killing me!

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What number did you use?  I have two cards with them and just applied for the Sapphire card.  Was rejected becaue of "to many credit cards opened in the last 2 years."  

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Check the backdoor numbers sticky for the Chase Analyst/UW #

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

But, before you event attempt your reconsideration efforts, be sure to do some reading on the following thread regarding Chase's recent changes since it's unlikely they'll budge to reconsider given the recent changes:

http://ficoforums.myfico.com/t5/Credit-Cards/UPDATE-POLICY-CHANGE-CHASE-Lets-put-our-heads-together-on-recent/td-p/4034901

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[Anonymous]

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@FinStar wrote:

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@Anonymous wrote:

Myfico Scores: EQ 661 (though, I think I have a late payment removed), TU 713, EX 692

I called Chase as soon as I was rejected and was told that they couldn't do anything for me. I have a Chase Amazon (CL = $2000), Chase Freedom (CL = $500), and Chase Slate ($500).  12%, 22%, and 20% utilized, respectively.  Just received the letter and the reason is:

"Too many credit cards opened in the last 2 years."  (I was approved for a Walmart Card today for $1600)

I have twenty five credit card accounts.  I built a credit card payment/utilization tool, so I'm on top of all my credit cards and know my overall utilization, as well as each card's utilization.  My overall utilization (as of today with the Walmar Card utilization is 15.6%, prior to that, it was 16.8%. Most utilized card is Well's Fargo with 44.32% utiliztion, Citi AAdvantage at 32.4% utilization, and the rest of my cards in the 20s or below - many at 0 balances.

I want to purchase two programming classes that are about $1800 each.  

I've heard of others successfully reconning with them, but would like advice and a phone number to call.  I feel like my credit profile is decent.  Would love to have the Sapphire to offset the purchasing of the classes.

Please help!  Thank you!

---

On your separate post from another recent thread, please read-up on the Chase "policy changes" thread (or, perform a search on some recent ones with the same scenarios)

---

@FinStar wrote:

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@Anonymous wrote:

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@Anonymous wrote:
Ok. Update. Well i spoke with a credit analyst, and he informed me of the CO with WAMU back in 2007, which they took over because I said I've never had an account with Chase. I said what can I do to get back in your good graces? So he said we can reconsider, if that's something you would like to do. On hold for about 5 minutes, came back, asked me questions about income, rent, you know the usual stuff. On hold for another 5 minutes, which seemed like an hour, came back and said he put me in for an approval, but it had to be looked at by a Senior Lender, and I would hear back in about 5-7 buisness days. The suspense is already killing me!

---

What number did you use?  I have two cards with them and just applied for the Sapphire card.  Was rejected becaue of "to many credit cards opened in the last 2 years."  

---

Check the backdoor numbers sticky for the Chase Analyst/UW #

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

But, before you event attempt your reconsideration efforts, be sure to do some reading on the following thread regarding Chase's recent changes since it's unlikely they'll budge to reconsider given the recent changes:

http://ficoforums.myfico.com/t5/Credit-Cards/UPDATE-POLICY-CHANGE-CHASE-Lets-put-our-heads-together-on-recent/td-p/4034901

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I appreciate your links and have read many of the posts.  Seems to be a theme or theory about churners to which I've never heard about before.  Even if they are changing their policy, I have a decent profile and have been a good customer with great history (no payments, etc). Do you think It would hurt for me to try and recon?

[Anonymous]

So, for anyone else reading this, I reconned and was denied for too many accounts.  The analyst I spoke with was very nice and took the time to explain the reason which is in keeping with Finstar's link concerning Chase's policy changes.  They want to see a nice sized credit history with credit accounts, and they believe that two years is optimum.  He did stress that other types of recons could still be successful, such as disputing derogatory information (delinquent medical accounts, etc.).  My credit profile is positive, but he did state that account history is pretty straightforward and denials based on this were generally not overturned.  

I hope this helps others who are considering recons based on easily disputed information, so go for it if this is the case.  I may create a new thread with this information.

[DeeBee78]

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@Anonymous wrote:

So, for anyone else reading this, I reconned and was denied for too many accounts.  The analyst I spoke with was very nice and took the time to explain the reason which is in keeping with Finstar's link concerning Chase's policy changes.  They want to see a nice sized credit history with credit accounts, and they believe that two years is optimum.  He did stress that other types of recons could still be successful, such as disputing derogatory information (delinquent medical accounts, etc.).  My credit profile is positive, but he did state that account history is pretty straightforward and denials based on this were generally not overturned.  

I hope this helps others who are considering recons based on easily disputed information, so go for it if this is the case.  I may create a new thread with this information.

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Their "two years is the optimum time," reasoning is a cop-out. With this latest policy, they're actively targeting the churners that burn through signup bonuses then don't use the cards, or close and reopen every 24 months. They've been getting screwed over by people churning UR points for years. 

 It's just another example of the few ruining it for the many. 

[Anonymous]

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@DeeBee78 wrote:

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@Anonymous wrote:

So, for anyone else reading this, I reconned and was denied for too many accounts.  The analyst I spoke with was very nice and took the time to explain the reason which is in keeping with Finstar's link concerning Chase's policy changes.  They want to see a nice sized credit history with credit accounts, and they believe that two years is optimum.  He did stress that other types of recons could still be successful, such as disputing derogatory information (delinquent medical accounts, etc.).  My credit profile is positive, but he did state that account history is pretty straightforward and denials based on this were generally not overturned.  

I hope this helps others who are considering recons based on easily disputed information, so go for it if this is the case.  I may create a new thread with this information.

---

Their "two years is the optimum time," reasoning is a cop-out. With this latest policy, they're actively targeting the churners that burn through signup bonuses then don't use the cards, or close and reopen every 24 months. They've been getting screwed over by people churning UR points for years. 

 It's just another example of the few ruining it for the many. 

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Well said. While there's absolutely nothing wrong with getting 50, 60, 70, 100+ CC's, people who do this must realize this isn't the "normal credit file", and it will be looked at it that way by many lenders. They're in the CC business to make money, and if they take on alot of those profiles, they're not making anywhere near as much as the average CC user. These are the ones they want. Not people who churn cards strictly for the rewards and than don't use them. There's no denying that a person with many cards will likely use "their" (Chase for ex) card less than the guy/gal with 3 - 6 CC's. Alot of the lenders are starting to catch on to these "churners" and are declining new accounts to them. 

[Anonymous]

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@DeeBee78 wrote:

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@Anonymous wrote:

So, for anyone else reading this, I reconned and was denied for too many accounts.  The analyst I spoke with was very nice and took the time to explain the reason which is in keeping with Finstar's link concerning Chase's policy changes.  They want to see a nice sized credit history with credit accounts, and they believe that two years is optimum.  He did stress that other types of recons could still be successful, such as disputing derogatory information (delinquent medical accounts, etc.).  My credit profile is positive, but he did state that account history is pretty straightforward and denials based on this were generally not overturned.  

I hope this helps others who are considering recons based on easily disputed information, so go for it if this is the case.  I may create a new thread with this information.

---

Their "two years is the optimum time," reasoning is a cop-out. With this latest policy, they're actively targeting the churners that burn through signup bonuses then don't use the cards, or close and reopen every 24 months. They've been getting screwed over by people churning UR points for years. 

 It's just another example of the few ruining it for the many. 

---

I hope you're not thinking I'm one of the churners.  I always forget to use my points.  I'm actively trying to build a good credit profile.  I'm only getting new accounts to increase my utilization so I can purchase two programming classes.  Just want to make that clear.

Thanks.

[DeeBee78]

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@Anonymous wrote:

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@DeeBee78 wrote:

---

@Anonymous wrote:

So, for anyone else reading this, I reconned and was denied for too many accounts.  The analyst I spoke with was very nice and took the time to explain the reason which is in keeping with Finstar's link concerning Chase's policy changes.  They want to see a nice sized credit history with credit accounts, and they believe that two years is optimum.  He did stress that other types of recons could still be successful, such as disputing derogatory information (delinquent medical accounts, etc.).  My credit profile is positive, but he did state that account history is pretty straightforward and denials based on this were generally not overturned.  

I hope this helps others who are considering recons based on easily disputed information, so go for it if this is the case.  I may create a new thread with this information.

---

Their "two years is the optimum time," reasoning is a cop-out. With this latest policy, they're actively targeting the churners that burn through signup bonuses then don't use the cards, or close and reopen every 24 months. They've been getting screwed over by people churning UR points for years. 

 It's just another example of the few ruining it for the many. 

---

I hope you're not thinking I'm one of the churners.  I always forget to use my points.  I'm actively trying to build a good credit profile.  I'm only getting new accounts to increase my utilization so I can purchase two programming classes.  Just want to make that clear.

Thanks.

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Not at all! This forum isn't known for churners, and those that are don't brag about it. I think talk of churning is discouraged by the terms of use, and those members are encouraged to use Flyertalk forums. 

I'm not a churner either, but I do sometimes get looped into threads on Flyertalk. They're fuming over there, lol.

[Anonymous]

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@Anonymous wrote:

Myfico Scores: EQ 661 (though, I think I have a late payment removed), TU 713, EX 692

I called Chase as soon as I was rejected and was told that they couldn't do anything for me. I have a Chase Amazon (CL = $2000), Chase Freedom (CL = $500), and Chase Slate ($500).  12%, 22%, and 20% utilized, respectively.  Just received the letter and the reason is:

"Too many credit cards opened in the last 2 years."  (I was approved for a Walmart Card today for $1600)

I have twenty five credit card accounts.  I built a credit card payment/utilization tool, so I'm on top of all my credit cards and know my overall utilization, as well as each card's utilization.  My overall utilization (as of today with the Walmar Card utilization is 15.6%, prior to that, it was 16.8%. Most utilized card is Well's Fargo with 44.32% utiliztion, Citi AAdvantage at 32.4% utilization, and the rest of my cards in the 20s or below - many at 0 balances.

I want to purchase two programming classes that are about $1800 each.  

I've heard of others successfully reconning with them, but would like advice and a phone number to call.  I feel like my credit profile is decent.  Would love to have the Sapphire to offset the purchasing of the classes.

Please help!  Thank you!

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Sorry to hear.  Got the same thing!  My credit is also.  I have 17 accounts with  14 showing on my report.  I called twice and it was a no go.  Just have to wait out the 24 months.  I have the Freedom also.