A Strange Tale of CSR Approval

[Anonymous]

Ok glad to hear that. It makes some sense, cause I heard someone else on the forum mentioning they’d never do business with Comenity and Barclay but I never got a reason. Fingers crossed that I never have to worry about that, cause I enjoy my sub-5% utilization.

[xaximus]

Congrats on your approval and Chase is a fickle yet funny beast.

[Anonymous]

 Yes, as explained, AA is Adverse Action, reducing CL or closing account. In my case, it was because I applied for both Freedom and Unlimited on the same day, so the computer did not detect the other account opening, and the Risk person thought it was too risky to extend both cards upon review. AA's are often triggered by many accounts being opened, or reckless use of credit after opening (think, you max out your credit the first two statements). The lender feels you're too risky, so they reduce risk.

My AAoA is about 4 months? Total history ~1.25 years. To be honest, I am a bad data point on that because I am the target market for CSR, wealthy millenials (I work in tech so I'm 22 with a ~150,000 dollar income, I just got promoted). I've heard Chase likes AAoA >1 year for CSR, with two years of credit history. As the CSR is a "premium" card, I suspect they give people with good incomes the benefit of the doubt.

[Anonymous]

Gotcha. I’ve got 2y11m AAoA on EQ, 3y4m on TU, and 4 years history overall. Only have 4 open card accounts, and a paid-off auto-loan. I’m also 22, but my income is nowhere near six figures (hopefully it will be once I graduate with my bachelors in the coming Spring). I’m hoping my file is thin enough for Chase.

[19eighty5]

Congratulations!

[Lemark]

Congratulations on the approval! Took a big risk as well since my 5/24 card just dropped to 4/24 but on Chase credit score was showing 5 accounts. Got temp freecreditscore site to show what bureau will see and it had 4 so went ahead to apply ( why not it was election night lol ). I got dreaded 30 day message, then a few mins email of 7 - 10 days but decided not to call and let the underwriters figure things out. I checked later today and saw CSR was approved on site! I think it time for some gardening or maybe not since 1 target still on my list.