...other times, the churner gets burned
Opened a Chase Business Checking for the promo. They said I was pre-approved for all INK CC. Sure, why not, what's another inquiry. App'd. Under review. Call up, they need EIN IRS form. I send it over. I follow up everyday, before it finally lands with a UW. Took over a week for verification/documents dept. Called status line. Still 30 days. Next day, boom, 7-10 days. Yup, declined. Looks like it went to FR not an UW and they did a deep dive into my history since they dropped me entirely and closed my other Chase CC's. Slight bumber since one of them was a couple years old with a decent SL. But neither of them had usage from being churned. Email got blown up with documents saying declined and something about a previous chargeoff... over 10 years ago with the recession. Weird.
So one of my churned CC's 0% finally ended and they didn't do an auto CLI, so I closed it.
Log in to AMEX and come to find them soliciting me to upgrade my card, looks like it's just a few weeks shy from my anniversary. May consider in near future.
And finally, I come across an old email from Penfed wanted me to expand my relationship with them. So I roll the dice again and apply for the Pathfinder. Call up to this am to follow up, sure enough, approved for $15K @ 17.99%, decent SL but high APR. I also should have done more research on what the value of the points are though; 25K on $2,500 spend. But no AF and they are offering $100 annual travel credit + $100 PreCheck credit as well. If the points are worth less than a penny, it'll be churned. No DP other than still "excessive inquiries" and "too many cards opened within 24 months"
AA = Adverse Action
@Anonymous wrote:...other times, the churner gets burned
Opened a Chase Business Checking for the promo. They said I was pre-approved for all INK CC. Sure, why not, what's another inquiry. App'd. Under review. Call up, they need EIN IRS form. I send it over. I follow up everyday, before it finally lands with a UW. Took over a week for verification/documents dept. Called status line. Still 30 days. Next day, boom, 7-10 days. Yup, declined. Looks like it went to FR not an UW and they did a deep dive into my history since they dropped me entirely and closed my other Chase CC's. Slight bumber since one of them was a couple years old with a decent SL. But neither of them had usage from being churned. Email got blown up with documents saying declined and something about a previous chargeoff... over 10 years ago with the recession. Weird.
So one of my churned CC's 0% finally ended and they didn't do an auto CLI, so I closed it.
Log in to AMEX and come to find them soliciting me to upgrade my card, looks like it's just a few weeks shy from my anniversary. May consider in near future.
And finally, I come across an old email from Penfed wanted me to expand my relationship with them. So I roll the dice again and apply for the Pathfinder. Call up to this am to follow up, sure enough, approved for $15K @ 17.99%, decent SL but high APR. I also should have done more research on what the value of the points are though; 25K on $2,500 spend. But no AF and they are offering $100 annual travel credit + $100 PreCheck credit as well. If the points are worth less than a penny, it'll be churned. No DP other than still "excessive inquiries" and "too many cards opened within 24 months"
One of the reason I don’t do business with Chase. I still have their checking account but I will be closing it in 5 months so I can keep the $600 bonus.
