Thanks for sharing your experience OP. In the interest of getting the full story for others benefit, could you go back to edit the opening post, to add the info about how many other cards you apped between these two Chase apps? In many of the alarm threads here, it takes a while to get to “the rest of the story” but more often than not, the rest of the story explains the AA in the original alarming post.
Chase is a fine bank, no Barclays, but one cannot poke the bears in this environment without consequences. My advice in other threads still stands: App sprees are no longer a viable strategy for anyone, and by app spree I mean more than one app every six months or less.
Chase is a fine bank, no Barclays, but one cannot poke the bears in this environment without consequences. My advice in other threads still stands: App sprees are no longer a viable strategy for anyone, and by app spree I mean more than one app every six months or less.
Yikes - as someone who is "skating on thin ice" with Chase right now, this thread makes me nervous. If it wasn't for others in this forum warning me against it, I'd probably have my 2 new Chase cards shut down by now, too.
I was pre-qual for 3 chase cards about 2 weeks ago, and applied for the CSP. Was honestly shocked that they approved it (with a rather high limit) considering my credit history is less that stellar, including a settled chargeoff from another Chase credit card only 2 years ago. When I got the approval, I pondered applying for the CFU that I was also pre-qual for, and thought about it for a couple days (literally 2 days) and then pulled the trigger. Got that one, too. Sounds like if I had done it the same day, both cards would be toast. Then, (as I wrote another thread about) I pondered riding this recent trend of good luck and applying for a Amazon Prime card with Chase. Thank God, members here talked me out of it. That would have been a guaranteed nuke on all 3 cards.
Now after reading this thread, I'm nervous that even if I don't apply for anything new, the UW's may still shut me down. Biting my nails here...
Total Loan Balance: $43k / $65k
Total SL: $78kAck! I said it was 2 days between apps, but I just looked at my "application received" emails and apparently I didn't apply for them 2 days apart, I applied for them 2 HOURS apart!
It's been 11 days since approval. Haven't even had a chance to activate the cards yet since I've been out of the country.
Thanks for sharing your story, OP. A good cautionary tale. It really does sound like the back-to-back applications triggered a manual review after the fact.
Just so that we're not all bashing Chase and causing undue panic, my own story is that I got a CSP via green checkmark being LOL/24 on 01/01/2017 (a slightly inebriated rage-app, being approved for $12,000 minutes after being denied a CLI on my Freedom card which had been open for 10 years). I opened a Slate card through a green checkmark offer a few months later, being even more LOL/24 (it's been a while, I did a CL reshuffling between my 3 cards, and the account has since been closed after the BT was paid off, but I want to say that approval was for around $5k). I then opened another 6 credit card accounts over the next 6 months. That CSP was product changed to a CSR last year, and no shut down from Chase at all.
Fast forward 2 years and I got a Freedom Unlimited via green checkmark just under 3 months ago, and very soon after getting a $14k HP CLI on my CSR. Still LOL/24 and I opened 2 additional credit cards over the next 6 weeks. Again, no shut down nor do I at all expect one. Every credit profile is different, and I know mine is certainly able to take quite a bit more abuse than many others here, but as long as new applications aren't overboard and no one runs afoul of rules like "x Chase cards in x days/months," generally everything will be okay. With Chase, AA can generally be understood.
