5 Pre-Approvals from Chase!

[LawStudentCivilis]

What a surprise! I have 5 green star pre-approvals from Chase.  I think it is more surprising when it's 1) unexpected and 2) not sought after.

Earlier this month I had one green star pre-approval for the CSP.  I thought that was a nice surprise as I believe this may have been my first pre-approval from Chase, although I can't be 100% certain.  I am uncertain because I established credit as soon as I became an adult, and I have gone long stretches without seeking or even thinking about seeking new credit.  So I am not sure I have ever paid attention to Chase's pre-approvals, but I can say I havent had these any time recently or at least last 3 years.

I wonder what about my profile has changed that Chase decided they like?  I have worked on increasing my score btw this past fall and now. (No derogatory history).  Anyhow, here is a list below:

-CSP (first and only pre-approval for the last three weeks)

-CSR

-Freedom Unlimited

-Southwest Plus

-United Explorer

I have a Chase Freedom, and this was my very first CC ever.  Quick question, since they thought it was appropriate to give 5 pre-approvals I wonder what would happen if I applied for all 5?

[Adkins]

You'd probably end up wasting a HP or two. Chase is not one you want to apply for five cards at once. Congratulations on your pre-approvals! 

[Anonymous]

Congratulations on pre-approvals, IF you want another just pick 1 . No No No on all 5

[gdale6]

I do believe Chase has a limit of 2 apps in a 30 day period. It would never be advisable to app for 5 from the same bank at the same time, they need to be spaced out months at a time. Chase is also one who would likely shut down all  your cards if you were to attempt the 5 at one time.

[coldfusion]

If you applied for 5 cards all at once or even spaced out on the same day the 1st one would be evaluated on its merits and you should expect that a) the preapprovals for the other 4 may vanish after the 1st application is submitted, and b) every one of the other 4 applications would be denied.  

Occasionally a 2nd card will slip through the cracks and be approved but Chase does circle back to check on approvals and would almost certainly close that 2nd card unilaterally 3-4 weeks out. 

[K-in-Boston]

Additionally, you also cannot be approved for a Sapphire product if you have another Sapphire product so applying for CSR after getting a CSP would result in an automatic decline.  CSP is also completely pointless if you have a CSR.  (Ignore the one in my signature, that's an AU card and only there for FF account transfers 😂.)

Agree with everyone else.  Choose one and one only for now.  Congrats on those offers!

[LawStudentCivilis]

Thanks for the love and advice everyone! I have no plans on adding any of these, at least not now. I have specific goals that I have been adhering to, and I guess they are paying off. For example I got my first CLI ever from Amex.  Again I hadn't asked in God knows when, but definitely was denied in the past.

[Queen_Etherea]

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@LawStudentCivilis wrote:

Thanks for the love and advice everyone! I have no plans on adding any of these, at least not now. I have specific goals that I have been adhering to, and I guess they are paying off. For example I got my first CLI ever from Amex.  Again I hadn't asked in God knows when, but definitely was denied in the past.

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Congrats on everything! It's nice to finally see the results of all your hard work.  

I just requested a CLI on my BCP and was approved too! The first time I only got a $1,000 increase lol and have been denied every since until today. 

[LawStudentCivilis]

@Queen_EthereaCongratulations! Same to you! I remember so clearly reading about the 3x CLI and always getting straight denied lol  (It always seemed easier to be approved for a new card). I guess you and I both are turning a corner.

[SweetCreditObsession]

Congratulations! It's so nice to see you've got options and good ones at that!😊