Chase Question

[sultan33g]

So this could either be in business or here I am not sure. In the past I have had chase cards and in 2010 my interest rate was too high so I accepted the payment plan and reduced my rate. They closed the account and back then I didnt really know better.

I paid the account off already with no missed payments however I have applied for a couple of chase personal cards and have been denied right away due to being blacklisted. I reconned reconned and reconned some more with no luck whatsoever.

I hoenstly almost gave up but decided to try one last time for the Chase ink plus card for a business I am a partner in. I was approved for 5,000!!

So my question is does having a chase business credit card mean that I am back in?

Am I off the blacklist now and can apply for a personal card once I show good payment history?

Thanks.

[visorboy1974]

It could be that they just blacklisted you for a few years and you have surpassed the ban.  

[sjt]

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@sultan33g wrote:

So this could either be in business or here I am not sure. In the past I have had chase cards and in 2010 my interest rate was too high so I accepted the payment plan and reduced my rate. They closed the account and back then I didnt really know better.

I paid the account off already with no missed payments however I have applied for a couple of chase personal cards and have been denied right away due to being blacklisted. I reconned reconned and reconned some more with no luck whatsoever.

I hoenstly almost gave up but decided to try one last time for the Chase ink plus card for a business I am a partner in. I was approved for 5,000!!

So my question is does having a chase business credit card mean that I am back in?

Am I off the blacklist now and can apply for a personal card once I show good payment history?

Thanks.

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I dont think you were on their blacklist. Blacklist are for folks that Chase took a loss on (unpaid charge off.) You paid them back in full. If you apply for another personal card and were denied then I would call for a recon.

[sultan33g]

T

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@sjt wrote:

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@sultan33g wrote:

So this could either be in business or here I am not sure. In the past I have had chase cards and in 2010 my interest rate was too high so I accepted the payment plan and reduced my rate. They closed the account and back then I didnt really know better.

I paid the account off already with no missed payments however I have applied for a couple of chase personal cards and have been denied right away due to being blacklisted. I reconned reconned and reconned some more with no luck whatsoever.

I hoenstly almost gave up but decided to try one last time for the Chase ink plus card for a business I am a partner in. I was approved for 5,000!!

So my question is does having a chase business credit card mean that I am back in?

Am I off the blacklist now and can apply for a personal card once I show good payment history?

Thanks.

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I dont think you were on their blacklist. Blacklist are for folks that Chase took a loss on (unpaid charge off.) You paid them back in full. If you apply for another personal card and were denied then I would call for a recon.

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The problem was that I was reconning and kept being denied and the reason they said I was auto decline was because of a "previous derogatory relationship with chase"

So thats why I am thinking it was a blacklist issue. Oh well I am in, I just hope in the future I can apply for a personal card.

[dbatl14]

I have learned that Chase uses an additional CRA which I never heard of it was call Credit Risk Assement ..... but anyways my FICO's were 670 across the board but I still got declined even though I have the BofA Americard, Barclay and Cap 1, and few others. Then I received the the reject letter and it showed that they used that agency in addition to Equifax and that score was significantly lower like a 572.

So I am not sure what that meant. I never had Chase but I think where I had a bad relationship before was with a Chase acquired company but that was like 10 years ago. But who know, these banks use a lot more than the big 3 to assess their qualifications. I know Credit Unions use some other Agency as well

[sjt]

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@sultan33g wrote:

T

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@sjt wrote:

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@sultan33g wrote:

So this could either be in business or here I am not sure. In the past I have had chase cards and in 2010 my interest rate was too high so I accepted the payment plan and reduced my rate. They closed the account and back then I didnt really know better.

I paid the account off already with no missed payments however I have applied for a couple of chase personal cards and have been denied right away due to being blacklisted. I reconned reconned and reconned some more with no luck whatsoever.

I hoenstly almost gave up but decided to try one last time for the Chase ink plus card for a business I am a partner in. I was approved for 5,000!!

So my question is does having a chase business credit card mean that I am back in?

Am I off the blacklist now and can apply for a personal card once I show good payment history?

Thanks.

---

I dont think you were on their blacklist. Blacklist are for folks that Chase took a loss on (unpaid charge off.) You paid them back in full. If you apply for another personal card and were denied then I would call for a recon.

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The problem was that I was reconning and kept being denied and the reason they said I was auto decline was because of a "previous derogatory relationship with chase"

So thats why I am thinking it was a blacklist issue. Oh well I am in, I just hope in the future I can apply for a personal card.

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"Previous Derogatory/Unsatisfactory relationship with Chase" is a very broad catagory they use. I would call for a recon and the analyst should see that you had paid your account in full and should not count this against you.

Some analyst do like to see at least a year since the account was paid and positive tradelines established.

[sjt]

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@dbatl14 wrote:

I have learned that Chase uses an additional CRA which I never heard of it was call Credit Risk Assement ..... but anyways my FICO's were 670 across the board but I still got declined even though I have the BofA Americard, Barclay and Cap 1, and few others. Then I received the the reject letter and it showed that they used that agency in addition to Equifax and that score was significantly lower like a 572.

So I am not sure what that meant. I never had Chase but I think where I had a bad relationship before was with a Chase acquired company but that was like 10 years ago. But who know, these banks use a lot more than the big 3 to assess their qualifications. I know Credit Unions use some other Agency as well

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"Credit Risk Assesment" is not another CRA, its Chase internal scoring model that evaluates credit applications based on their own data with cardholders.

You should always call for a recon if denied for a Chase Card.