Chase shutdown questions

[ToxikPH]

I know that it's possible to get a Chase card above 5/24 if you are pre-approved in a branch. What would cause a shutdown if you were above but still approved? I know that a lot of people report shutdowns with too many accounts around applying for Chase. Should I go after the CSP or the Amex Plat (pre-approved)? Currently at 6/24 and 8 inq (yikes).

[Anonymous]

If you want it then go for it.  If you're aware of the situations in which people get shutdown then you're well beyond many others that don't come here looking for info.  If you don't have a high number of new accounts surrounding the app then you should be fine.  The 5/24 isn't a hard rule but, it's common enough.  Just like AA isn't as common as it seems here than it is in reality.  

Just give it some space after approval before going on a spree of any sorts to be safe.

[ToxikPH]

I got three new cards in April and one yesterday (6/6), probably too recent to take the risk I'm assuming? (Two of those cards have not reported)

[sarge12]

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@ToxikPH wrote:

I know that it's possible to get a Chase card above 5/24 if you are pre-approved in a branch. What would cause a shutdown if you were above but still approved? I know that a lot of people report shutdowns with too many accounts around applying for Chase. Should I go after the CSP or the Amex Plat (pre-approved)? Currently at 6/24 and 8 inq (yikes).

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I am not sure this is relevant, but Chase recently informed me they were closing my Freedom Unlimited account due to non-use. I called and they asked me did I wish them to reconsider. I said no, because I really do not need the card anymore, but asked if I could transfer it's credit limits to my often used Chase Amazon Prime card? She said sure, no problem, and they would code the Freedom Unlimited as closed by consumer. So far my interactions with Chase have been positive. The 2 Chase cards were 8000 CL each and now is just the Chase Amazon Prime card with 16000 credit limit.

[Revelate]

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@sarge12 wrote:

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@ToxikPH wrote:

I know that it's possible to get a Chase card above 5/24 if you are pre-approved in a branch. What would cause a shutdown if you were above but still approved? I know that a lot of people report shutdowns with too many accounts around applying for Chase. Should I go after the CSP or the Amex Plat (pre-approved)? Currently at 6/24 and 8 inq (yikes).

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I am not sure this is relevant, but Chase recently informed me they were closing my Freedom Unlimited account due to non-use. I called and they asked me did I wish them to reconsider. I said no, because I really do not need the card anymore, but asked if I could transfer it's credit limits to my often used Chase Amazon Prime card? She said sure, no problem, and they would code the Freedom Unlimited as closed by consumer. So far my interactions with Chase have been positive. The 2 Chase cards were 8000 CL each and now is just the Chase Amazon Prime card with 16000 credit limit.

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That's useful information; I'd always assumed that much like Amex that if you had any use on Chase cards that others were in the clear... ah well, off to swipe my Freedom card like right TF now!

How long had it been since you last swiped it?

[Anonymous]

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@ToxikPH wrote:

I know that it's possible to get a Chase card above 5/24 if you are pre-approved in a branch. What would cause a shutdown if you were above but still approved? I know that a lot of people report shutdowns with too many accounts around applying for Chase. Should I go after the CSP or the Amex Plat (pre-approved)? Currently at 6/24 and 8 inq (yikes).

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Most of the time people are shut down for apping 2 cards at once. I was approved for the CSP at 4/24, because Amex takes two whole months before they report new accounts and no HP.  If I were you I'd go for CSP first, as Amex isn't as touchy on account openings as Chase. Though I'd give it 6 months between the two just to let some dust settle.

[sarge12]

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@Revelate wrote:

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@sarge12 wrote:

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@ToxikPH wrote:

I know that it's possible to get a Chase card above 5/24 if you are pre-approved in a branch. What would cause a shutdown if you were above but still approved? I know that a lot of people report shutdowns with too many accounts around applying for Chase. Should I go after the CSP or the Amex Plat (pre-approved)? Currently at 6/24 and 8 inq (yikes).

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I am not sure this is relevant, but Chase recently informed me they were closing my Freedom Unlimited account due to non-use. I called and they asked me did I wish them to reconsider. I said no, because I really do not need the card anymore, but asked if I could transfer it's credit limits to my often used Chase Amazon Prime card? She said sure, no problem, and they would code the Freedom Unlimited as closed by consumer. So far my interactions with Chase have been positive. The 2 Chase cards were 8000 CL each and now is just the Chase Amazon Prime card with 16000 credit limit.

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That's useful information; I'd always assumed that much like Amex that if you had any use on Chase cards that others were in the clear... ah well, off to swipe my Freedom card like right TF now!

How long had it been since you last swiped it?

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Over 2 years ago.

[Revelate]

Thanks sarge.

I did just go swipe my Freedom yesterday and my Discover today, both were over a year. Better safe than sorry haha, that is the last of my ones that hadn’t been used even swiped the BCE and that’s got to be like 4 years since I last used that one.

Admittedly I have a Zync and a SCP that both get recurring charges so that isn’t that surprising.

[sarge12]

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@Revelate wrote:
Thanks sarge.

I did just go swipe my Freedom yesterday and my Discover today, both were over a year. Better safe than sorry haha, that is the last of my ones that hadn’t been used even swiped the BCE and that’s got to be like 4 years since I last used that one.

Admittedly I have a Zync and a SCP that both get recurring charges so that isn’t that surprising.

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Well, I really could not blame them for closing the card....well saying they were going to close it on the expiration date. In fact, since they allowed me to transfer the CL, to where my utilization would not be affected, it actually proved helpful. I do not really see it as AA, and the notifying me in advance is not really indicative of AA either. I do want to use my Discover and Citi DC soon. I am not sure I even want to use my Wells Fargo card...I somehow always feel like I need a shower after using their card. They have never done anything nasty to me, that I am aware of, but their well known treatment of some customers is just offensive. It actually led me to putting that card under another in my wallet so nobody can see I have it when removing another card.

[sarge12]

As a follow up, I am including the body of the closure letter, before they transferred my CL...Would you personally consider this Adverse action if the credit limit was transferred to another card and indicating closed by consumer? I also need to add it was about 2 years and 1 month since the last charge, and they did say I could keep it open, if I wished. So for those who have a very clean credit file and history with chase, 2 years of inactivity might be significant for any 1 card, but even then a phone call can prevent closure or transfer the credit limit as I did.