Originally Posted by
elizadoo
We have 2 Chase cards--Freedom opened July 2011, and we filled the 3K min spend in just one month, with a trip to Africa. Continued to use the card regulary, about 2K per month.
Fast forward to Jan 2012, got the Chase Sapphire Preferred. Filled the minimum spend of 3K in less than one month (daughter's college expesnse came due).
Continued to use both ^^ cards, appx 2k to 5k per month, total.
Now April 2012 applied for the Avios BA card (Chase), as we know we will make the 20K spend easily.
Chase did not give us the card; we have a "pending review".
We has a checking account with Chase (among other banks); own our own 500K home, substantial investment assets and a trust fund. Yet Chase didn't approve our 3rd app.
So, who can say?
"Pending Review" does not mean Chase did not give you the card. Have you gotten a denial letter? If so, what reason is given?
Chase would not see your
"500K home nor your substantial investment assets and a trust fund", if those are not with Chase.
What Chase sees, is, your available credit lines versus your stated income, your utilization ratio on your credit cards, and of course your payment history with Chase - even though you may have paid it in full each and every month, it may not long enough (Less than a year it seems) for Chase to feel comfortable especially if you spend heavily on the cards, i.e. high utilization ratio.