For everyone who got approved w/out Private Banking, did you already have a banking relationship with Chase? Do you guys think I would be better off getting approved in the future if I started building a relationship with Chase? Maybe open a checking account and/or apply for one of their cards?
I know a relationship is usually a positive thing, but is there a chance that opening an revolving line with Chase could be negative because they would be able to see a history of low income or frugal spending patterns which is not similar to the spending patterns of those in their "target" market?
If it helps at all, I currently have 3 revolving lines (AMEX BCE, Penfed Rewards, and Citi Forward), hopefully one day $XX,XXX credit lines, and excellent credit (Last EXP FICO from AMEX BCE application was 789). Anyhow, would appreciate any advice on what would put me in the best position to one day be approved for this card asides from getting a 6 digit income and continuing to use my credit responsibly: (1) Start a relationship with Chase today applying for one of their other products (2) Wait until I feel that I am qualified for Palladium (3) Advise me to do something else.
Edited by Wonton, 13 April 2012 - 12:50 AM.