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RussInGotham

Reports of Chase Denials for 5+ New Cards in Last 2 Years

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

 

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Edited by djhall

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

 

 

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

Are you not planning on transferring UR points? Maybe an Ink Plus long term?

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

Are you not planning on transferring UR points? Maybe an Ink Plus long term?

 

 

Eh, I've been using the points for statement credit anyway. I know they can add up but it doesn't really seem worth it at this stage to let them sit around. If I had a Thank You or CSP maybe but I'd rather the cash which is what I use the Freedom for anyway.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

Are you not planning on transferring UR points? Maybe an Ink Plus long term?

 

 

Eh, I've been using the points for statement credit anyway. I know they can add up but it doesn't really seem worth it at this stage to let them sit around. If I had a Thank You or CSP maybe but I'd rather the cash which is what I use the Freedom for anyway.

 

 

Also, my thought is that I could just build a really high limit Freedom with some age on it since I plan on this being a long-term card for me anyway.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

Are you not planning on transferring UR points? Maybe an Ink Plus long term?

Eh, I've been using the points for statement credit anyway. I know they can add up but it doesn't really seem worth it at this stage to let them sit around. If I had a Thank You or CSP maybe but I'd rather the cash which is what I use the Freedom for anyway.

Just wondering. If you max out the 5x categories, that's enough for 3 zone 1 round trip flights on BA with 3K UR points leftover.

 

The Freedom is a great longterm card. If you travel though, you're losing a lot of value by redeeming for cash back. Remember, they can be transferred to United.

 

If you're just looking for cash back, it's still a great cash back card.

Edited by mendelssohn

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I'll be a travel junkie with the rest of you eventually. My problem right now is very limited disposable income. It's one thing to "get there" but it's another altogether to be able to enjoy it once you get there. Me and DW have come a long way in our time together....from our $h!tty apartment to owning a nice first home together for almost 7 years.

 

Right when we closed and moved in I got really sick (literally first week living in the new house....great luck right?) and have had ongoing medical expenses ever since that changed our financial plans forever. Income flatlined for several years thanks to the economy around 2009 and finally just getting back on track with where we should've been 6+ years ago.

 

I've been able to cover 3 trips this summer with rewards and we're driving to each of the locations but that's fine by me. I've also completed a lot of projects around the house that I'd been putting off and everything's been paid for with rewards. Many things that will increase home value so I'm very pleased with how I've used everything I've earned so far this year.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

Are you not planning on transferring UR points? Maybe an Ink Plus long term?

Eh, I've been using the points for statement credit anyway. I know they can add up but it doesn't really seem worth it at this stage to let them sit around. If I had a Thank You or CSP maybe but I'd rather the cash which is what I use the Freedom for anyway.

Just wondering. If you max out the 5x categories, that's enough for 3 zone 1 round trip flights on BA with 3K UR points leftover.

 

 

That's a good point but I haven't maxed any of the categories yet. I may do that strategy in the future for rewards. I've been focused on meeting bonuses for signups mostly. (Which is why one shouldn't open 18 cards in 7 months but I digress). My primary goal with the Freedom now is to get the limit as high as I possibly can and let it age and then open the co branded card I haven't really considered saving UR points because I haven't come close to maxing categories yet. When I can get the limits up on enough cards and decrease the total number then I think that'll be a great future strategy for me. I just went through my "OMG, open everything prime possible so it ages" phase, and I'm in the meet all the bonuses phase. The next phase will be to maximize rewards on what I already have.

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I can't speak for anyone else but I opened 18 new accounts since November. One of them was a Chase Freedom in February. I recently apped the United card for the heck of it because I wanted the bonus. Fraud prevention called me to prove it was me and they approved me with a $12K limit.

 

My reports are squeaky clean a lot of older accounts (AAOA just over 3 years), but all these new accounts with higher limits too.

The reports are that it started in May, or at the end of May, and doesn't apply to co-branded cards run by Chase.

Then there's not much to worry about for most people. The cobranded cards are what people seem to churn the most.

That's really my Chase strategy anyway. Open a co-branded, max the bonus, transfer the limit to my Freedom and churn the other. Also, I can guarantee that EX was not pulled for my recent approval since it's on ice. Freedom will continue to age and become a nice high limit card for me. I have no use for a Slate right now and I can get away without having a CSP with everything else I have.

Are you not planning on transferring UR points? Maybe an Ink Plus long term?

Eh, I've been using the points for statement credit anyway. I know they can add up but it doesn't really seem worth it at this stage to let them sit around. If I had a Thank You or CSP maybe but I'd rather the cash which is what I use the Freedom for anyway.

Just wondering. If you max out the 5x categories, that's enough for 3 zone 1 round trip flights on BA with 3K UR points leftover.

 

 

That's a good point but I haven't maxed any of the categories yet. I may do that strategy in the future for rewards. I've been focused on meeting bonuses for signups mostly. (Which is why one shouldn't open 18 cards in 7 months but I digress). My primary goal with the Freedom now is to get the limit as high as I possibly can and let it age and then open the co branded card I haven't really considered saving UR points because I haven't come close to maxing categories yet. When I can get the limits up on enough cards and decrease the total number then I think that'll be a great future strategy for me. I just went through my "OMG, open everything prime possible so it ages" phase, and I'm in the meet all the bonuses phase. The next phase will be to maximize rewards on what I already have.

 

 

Ugh, what I meant is that I plan on raising my Freedom limit by opening co-branded cards and moving the limits to the Freedom. My long-term strategy is to have some good cards with years of history and high limits. Ideally, at least one from each of the major prime banks. I established all the relationships this year. Now it's just a matter of time and strategic moves - CLIs, combining limits, apping new cards and then combining etc.

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I'm going to start referring to you as "Your GP-ness."

 

 

I'm going to refer to you as your Biliousness. While your French friends are in town I will use Bilieuxness out of respect to them.

 

 

Since I mentioned that we've had three Americans, a Columbian and a Costa Rican show up. One more American lands in about an hour, and then tomorrow the pack is complete when our Indian friend from California gets here.

 

Most of the time I feel like I'm addressing the United Nations right here in our living room. In English, of course. :P

 

Sounds like an episode of The Big Bang Theory

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This is frustrating to me because the CSP is a goal card, but I currently don't have the spend to justify it. By the time I get that spend, I'll probably be in that "too many new accounts" bucket. Right now I could probably force my way to the bonus by timing it to pay 4 months of expenses on the card and possibly a few months of rent with Radpad or something similar, but after that I don't know if I could justify the AF.

Edited by Vireo

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For science... denied a Chase Slate, but approved for a Chase Hyatt 3 days later with a $10k starting limit.

 

Reason on the Slate, too many cards opened within last 2 years.

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For science... denied a Chase Slate, but approved for a Chase Hyatt 3 days later with a $10k starting limit.

 

Reason on the Slate, too many cards opened within last 2 years.

How many total new accounts?

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For science... denied a Chase Slate, but approved for a Chase Hyatt 3 days later with a $10k starting limit.

 

Reason on the Slate, too many cards opened within last 2 years.

Wow, they're even doing this to the Slate? It is such a counter-intuitive denial reason for that card that it hurts my head.

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For science... denied a Chase Slate, but approved for a Chase Hyatt 3 days later with a $10k starting limit.

 

Reason on the Slate, too many cards opened within last 2 years.

How many total new accounts?

 

 

10, although probably a couple less reporting at the time they pulled.

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For science... denied a Chase Slate, but approved for a Chase Hyatt 3 days later with a $10k starting limit.

 

Reason on the Slate, too many cards opened within last 2 years.

Wow, they're even doing this to the Slate? It is such a counter-intuitive denial reason for that card that it hurts my head.

 

 

I science apped Slate for the exact same reason. I'm waiting on the 7-10. If they want to see my report, I would suggest that this is all about protecting the point program cards.

 

Recent Marriott card holder.

 

 

My personal theory is the points cards are on super-secret double-probation.

Edited by ubercat

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Looks like they wanna take a look at my report...

 

...I was not auto declined.

 

For your data point - neither was I.

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Denied a CSP today after calling analyst on the 7-10 day online response.

 

After talking to the analyst, it reaffirms my belief this has NOTHING to do with churning. If so, they would just place further restrictions on sign up bonuses, and they certainly wouldn't care about Slates.

 

Chase is implementing new policies to limit their exposure to unsecured debt. Clean reports, good FICO's, good income, $7 reporting on $250K of personal unsecured credit...No longer good enough if they see what they determine to be a rapid buildup of unsecured credit.

 

I would also surmise that this is not the end of what we will hear from Chase. Balance chasing, AA from high overall utilization even on non-Chase cards. I expect it all.

 

Chase is battening down the hatches before the storm.

Edited by Konrad2012

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Chase is battening down the hatches before the storm.

 

Makes me wanna get after the co branded cards while I have a chance...

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I wonder if they failed a stress test. That's what happened to GECRB, which led to them being spun off and renamed Synchrony.

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Chase is battening down the hatches before the storm.

 

Makes me wanna get after the co branded cards while I have a chance...

I took a hard on EX and TU for the science expirement. Guess I need to app something else now. 2 hards with nothing to show for it is effing irritating. I was beginning to feel slightly invincible in this little credit game. I'm pretty good on the phones. I gave them a good line about closing my PRG to use the CSP for travel and restaurants, and for the rental car insurance being of great importance to me. It was a no go.

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I wonder if they failed a stress test. That's what happened to GECRB, which led to them being spun off and renamed Synchrony.

Chase thinks the US economy is about to fail the stress test.

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