Chase Closed My Accounts

[KlineJS]

Chase closed my accounts, there reasons:

1. Too many Accounts opened recently

2. Too many request for Credit or Review of Credit

3. Previous unsatisfactory Relationship with Chase

They pulled Experian

My DataPoints

Scores are 691TU 689EQ 696EX

No Lates over 2years

No Baddies

13 Inq TU  17Inq EQ  9Inq EX

AAoA 3yrs 2mos

AAOAA 20yrs

Total Credit 187K

Chase Slate (3yrs old  - $3,200 Limit - Balance as of 7/19 $800) but was fully paid off prior to receiving Closed Notice 

Chase Freedom (3yrs old  - $4,000 Limit - Balance as of 7/19 $178) but was fully paid off prior to receiving Closed Notice 

Chase CSP (5months old  - $18,600 Limit - Balance as of 7/19 $1800) but was fully paid off prior to receiving Closed Notice

Utilization across all acounts In July 33%... Has been below 24% for August as summer vacation bills are paid off

What a disappointment with Chase

[red259]

Sounds like we are missing key information. Such as:

"3. Previous unsatisfactory Relationship with Chase" - what was this? Did you have lates with chase? When?

"1. Too many Accounts opened recently" - How many accounts have you opened in the past two years? You seem to have quite a number of credit inquiries

"2. Too many request for Credit or Review of Credit" - were you applying for credit line increases from chase? 

Difficult to say without more information but it seems like with a somewhat thin file you were apping for a bunch of cards in a short time period which Chase is known to have a real issue with.

[KlineJS]

#3 Caught me as a surprise.... Only relationship I have with Chase are the credit cards, as i stated 2 accts are 3yrs old never had a problem... NEVER LATE

I applied for CSP this year April

#1  -  I have 12 accounts open within the last 2yrs

#2 - Never applied for CLI with chase.

[red259]

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@KlineJS wrote:

#3 Caught me as a surprise.... Only relationship I have with Chase are the credit cards, as i stated 2 accts are 3yrs old never had a problem... NEVER LATE

I applied for CSP this year April

#1  -  I have 12 accounts open within the last 2yrs

#2 - Never applied for CLI with chase.

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How many accounts were opened and/or posted to your credit report after your app for the CSP? 

[KlineJS]

None.... CSP was my last app open and posted

[red259]

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@KlineJS wrote:

None.... CSP was my last app open and posted

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Hmm. May be worth calling in to see if Chase will reconsider. 12 accounts in two years though is still quite a lot for Chase, so your account may have been flagged for review. Did you app for CLIs with other lenders?

[KlineJS]

Actually Yes, I did a CLI with HomeDepot/Citi for 5k increase, was approved but they hit me with a HP.

[Anonymous]

The rest of the story:  Chase Sapphire Pref Approved

[CreditInspired]

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@KlineJS wrote:

Chase closed my accounts, there reasons:

1. Too many Accounts opened recently

2. Too many request for Credit or Review of Credit

3. Previous unsatisfactory Relationship with Chase

They pulled Experian

My DataPoints

Scores are 691TU 689EQ 696EX

No Lates over 2years

No Baddies

13 Inq TU  17Inq EQ  9Inq EX

AAoA 3yrs 2mos

AAOAA 20yrs

Total Credit 187K

Chase Slate (3yrs old  - $3,200 Limit - Balance as of 7/19 $800) but was fully paid off prior to receiving Closed Notice 

Chase Freedom (3yrs old  - $4,000 Limit - Balance as of 7/19 $178) but was fully paid off prior to receiving Closed Notice 

Chase CSP (5months old  - $18,600 Limit - Balance as of 7/19 $1800) but was fully paid off prior to receiving Closed Notice

Utilization across all acounts In July 33%... Has been below 24% for August as summer vacation bills are paid off

What a disappointment with Chase

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Sorry OP for the closures but there is lots of info on here how Chase gets easily spooked when a lot of new accounts are opened and the inquiries are piling up. It’s disappointing, yes, but shouldn't be surprising. 

Also, you say you haven't had any baddies so I wonder what is keeping your scores depressed. I guess it could possibly be the AAOA. And Chase saying unsatisfactory relationship—Was a payment returned? Was a payment even 1 day late (Chase internal DB)? 

I hope you take this time to take a break from applying for credit and keep your fingers crossed that other CCCs don't follow suit on AA.

Come on over to the garden and stay a while to let those inquiries fall off of your reports. 

[Jnbmom]

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@Anonymous wrote:

The rest of the story:  Chase Sapphire Pref Approved

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That will certainly do it with chase at times....................................