How Important is Relationship to Chase?

[ToxikPH]

I'm thinking of re-opening a Chase checking and opening a YouInvest account to build up a relationship in order to be better suited for an approval once I'm under 5/24. Is a relationship important at all for their cards or am I fine without opening the accounts?

[Anonymous]

A previous relationship will usually help. US Bank is notorious for being unwilling to extend credit to people that don't have a previous relationship with them. Chase isn't nearly as picky, so having a previous relationship could help but is far from a necesity. It all depends on your credit profile and any previous issues with them. Which card were you thinking of?

[OmarGB9]

I don't think it makes any difference, unless you're a JP Morgan Private Client and have substantial assets with them, then maybe.

[kdm31091]

Generally I think relationship with Chase is basically irrelevant to them unless you have a ton of assets invested. A simple checking or savings does not seem to move the needle much in most cases. As always with credit, few hard and fast rules and YMMV but I think relationship is far less important to Chase as it is to say, US Bank or even Wells Fargo.  I wouldn't rush to get an account with Chase to improve approval odds. Have not heard of a lot of denials from Chase, if any, being caused by lack of relationship. 

It seems once you meet the 5/24 criteria, approvals with Chase are not all that difficult anyway.

[importxpresions]

I know plenty of chase card holders who don't have personal accounts with them. Can't hurt, imo not necessary

[Anonymous]

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@Anonymous wrote:

A previous relationship will usually help. US Bank is notorious for being unwilling to extend credit to people that don't have a previous relationship with them. 

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That is only officially true for the Altitude Reserve.   I know UW has got tougher lately but is that true for other cards?   I got the impression the issue was more they were very sensitive to new accounts.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

A previous relationship will usually help. US Bank is notorious for being unwilling to extend credit to people that don't have a previous relationship with them. 

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That is only officially true for the Altitude Reserve.   I know UW has got tougher lately but is that true for other cards?   I got the impression the issue was more they were very sensitive to new accounts.

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You are probably right. I might be overestimating how sensitive they are. I don't have any personal experience to speak of so it's mostly anecdotal.

[Anonymous]

I had no previous relationship with Chase and I have 2 Chase cards. If you look like a good credit risk, that will substantially outweigh any relationship outside a large wealth relationship with them.

[Wavester64]

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@ToxikPH wrote:

I'm thinking of re-opening a Chase checking and opening a YouInvest account to build up a relationship in order to be better suited for an approval once I'm under 5/24. Is a relationship important at all for their cards or am I fine without opening the accounts?

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IMHO, with CHASE, not important at all. I've been with them for decades and they never offer me a CC. Yet they are constantly spamming me for Private Client which I could never afford. I say you're better off applying for a CC without a relationship as long as your under 5/24. Good luck👍

[coldfusion]

From Chase' perspective you aren't officially dating until you bring at least $2 million to the table, if you want a relationship show up with at least $10 million.

Having checking/savings doesn't hurt so if it's convenient for you to do so go ahead and open accounts but don't expect that it will materially influence your ability to obtain credit from them.