Chase Keeps Declining me. Where should I go for most lucrative offer?

[beastykato]

I'm been trying my best to get around the 5/24 rule from Chase, but I just just keep getting stonewalled whether I apply, refute, or call into the branch office it's a no go.  

To be quite honest, it makes me pretty angry and makes me want to stop using chase cards just to stick it back at them.  That's besides the point though and probably best left for another thread.  

I have a 800+ score and 5-7 credit inquires depending on which institutions record you're looking at and just want to know the most lucrative offers currently available for non-chase banks?

I got a offer in the mail for $200 back on $500 spend from BoA Cash Reward.  Not the largest reward, but a 40% return rate on my money is pretty hard to beat.  Think about just signing up and then ditching the card since the rewards suck.   I also saw mention of a Merrill Lynch card on the forum that's $500 for $3000;  only a 16.7% return rate and the rewards also suck on that card too.  Is there anything else of note that's worth applying for or should I just call it quits for a year or so?

[Anonymous]

Capital One Venture or Barclay's Arrival+ are two nice sign-up offers.  Arrival+ is at 50,000 points currently. 

I will say based upon your comments, it strikes me that 5/24 is working perfectly.  No card company wants to do business with someone that opens a card just to close it once the bonus is received. 

[beastykato]

I've actually never closed a card like that up until this point.  I realize that may have painted a bad picture, but In regards to the Chase accounts I have had a Chase Freedom account with them for 3+ years which I used pretty religiously as their revolving categories are very often of use to me.  I also have the Chase Sapphire Preferred which I use on the daily.   The only reason I'd close the BoA account is because it's useless to me.  I also have my mortgage with Chase, which is another kick in the sack lol. 

[yfan]

I'm assuming you want the CSR. Since you already have the CSP, you could just upgrade.

[Anonymous]

So you're just after the largest cash back bonus offers for now? I'd stand pat for now. I could see if you were after the CSR and wanted the 100k point offer before it gets decreased or something, for travel. Sounds like you already have the lucrative Chase cards as it is.

[Anonymous]

I'm in the same boat:  A victim of 5/24, with two checking accounts, two mortgages, multiple credit cards that I use often, and a savings account that last I checked has about $0.04 in it, not to mention a share-holder.  Just be patient with the inquiries and your day will come.  5/24 and the in-branch applications for larger bonuses make sense from their standpoint.  Probably why they are seeing record profits.  The other banks will follow soon. 

Oh and if you have a card with no annual fee, it doesn't make much sense to close it even with little use. 

[beastykato]

Yeah, I've got most of the major cards.  So, I'm not hurting for the rewards cards in general.  I could just upgrade to the CSR, but then I don't get the bonus which defeats the purpose for me signing up for a card right now.

I'm heading on a trip this May and wanted to purchase it on the CSR originally.  Unfortuneately, that won't be happening so I was looking or the next best offer.   I know I'll be spending at least a few grand before all is said and done so I wanted to make use of it. 

As for closing the BoA you're right, closing it would be stupid, I just know I'd never have a use for their reward structure.  Occasionally, I do close a card just because I don't want it anymore.  When I got my Amazon Store card I closed the Chase Amazon.  It just made sense logically from my standpoint, even though it may have impacted my score at the time.  

[Anonymous]

I would look hard at the Barclay Arrival+.  It's a Mastercard with a generous sign-up offer. I'm a big proponent of having a visa, mastercard, discover and amex in your wallet at all times. 

Plus a free credit score and you can downgrade if the annual fee doesn't make sense for you. 

[Anonymous]

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@Anonymous wrote:

 I'm a big proponent of having a visa, mastercard, discover and amex in your wallet at all times. 

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While there may be reasons for individual cards, having four network diversity "at all times" seems overkill.   V/MC will do for most places, (and one is sufficient except for a few places like Costco)