Originally Posted by
hurnik
IMO, if Chase denied you for the business card, they'd probably deny you for the personal one.
"too much credit" means just that. Your CL on your cards (chase and otherwise) is "too much" for whatever threshold Chase wants. Typically though, if that were the SOLE reason for denying you, Chase would've offered to re-allocate your credit line from one of their other cards to the new one. Unless you have no other Chase cards to draw from. You could try lowering your CL on the other cards (but, IMO, that'll increase your utilization at this point). So I'd probably wait until you've paid down/off the credit cards to get the util significantly lower, wait for it to hit the actual credit bureaus (may be a month or two after you do it) and then apply with Chase again, although you may still need to proactively reduce your CL on the other cards (after you pay it off).
First part of your comment is not true as I've been denied a Chase biz CC(once) and 2 weeks later approved for a personal CC from Chase which I did one month ago.
Chase lending dept rep's now seem to scramble the denial reasons combining biz + personal saying too many CC's opened in 24 mo when it's applicable to personal only. Many DP show multiple biz approved and even personal approved above 5/24 in each category. Luck?
Chase lending rep stated you can't apply with same business name for multiple CC's which is another false comment.
Recent poster with EIN claims to have gotten 6 Inks in 8 mo using same business name alone approved instantly.
Conclusion: No sanity at Chase Lending to know the acceptance criteria.
Chase has changed in the past 2 months and is more selective to velocity issues or maybe just available CL or spend. Chase lending are not trained to really understand how the approval criteria works and will refuse detailed questions saying their not financial advisors. LOL