Kpoxa

Here is my data point:

Applied on 2/25 for both Marriott personal and Ink business. Ink application was preapproved solicited mailing. Marriott was instantly approved and with Ink got 7-10 day message. Followed the recent advice here on FT to not call for business recon.

Today received Ink denial letter stating: “Too many requests for credit or opened accounts with us”.

The agency used for evaluation – TU.

I had about 15 cards opened across all banks within last 24 months, but currently only have 2 Chase cards including recently approved Marriott. My TU report only has 5 inquiries including the one on 2/25 (looks like both 2/25 pulls were combined). I had no others inquires within last 6 months.

Based on all the data points it appears that 5/24 rule is in fact in effect for Ink card unless they consider 5 hard pulls within last 24 months as too many.

Has anyone had success calling recon after the denial letter?

sound48

Applied 3/8 for ink plus and united business explorer. Had been 6 months since last app, but many before that. Definitely above the 5/24 amount. Already had 2 inks as sole prop. Applied for both cards with legitimate business using ein. Approved today for both without calling in.

beltway

I very much doubt that, and not just because we'd have heard a lot more about other denials since you applied a month ago.

I rest my case.

ILGfly

Rather obscure but I figured I'd post it incase it's helpful to someone: the Newsgroup provider Astraweb counted as 5x when I paid through PayPal.

ILGfly

Maybe it was a fluke but I transferred credit from personal to Ink when I applied for the Ink Plus in 2014. I applied, got the pending status, called recon and they told me I had too much outstanding credit to open a new account and they let me transfer some from a CSP and a Freedom to get the card approved.

runb4fun

any info on Ringplus not counting towards 5x? Wiki says so but I can't find source or further info on it.

emes001

New datapoint:

I previously applied for this card around 1/10/16 and got denied. Waited 31 days from denial letter prior to applying again (2/22). Got denial letter with "Too many credit accounts have been opened recently; not enough time has passed since your last account with us was opened; too many recent requests for credit." last week (dated 3/10).

Called recon last Friday at 9pm ET (letter says they're open until 10pm ET). Got an automated message saying they're closed. Called general line and spoke with a CSR. Turns out their workload has significantly increased recently, so they are closing around 5pm ET for the next few weeks. The CSR also recommended calling on Tues/Wed, as they are slower on those days.

Called today to biz recon line. The lady on the phone was super nice and asked me a few general questions (annual income, address, how long I've lived there, gross business income for 2015, projected business income for 2016) and put me on hold quite a few times during the process. Asked if I'd be willing to move some credit around (had a UMPX card opened in 11/15 that originally had a 21K limit that I reduced to 10K in 1/16), which I said OK. Put me on hold again, and came back with an approval of 45K CL. Never had to go to a senior lender for review.

Irish80

She asked if you were willing to move limits around and instead gave you a limit of $45K? Seems strange

Irish80

5/24 definitely is not in effect for their business cards. At least not yet.

jayjayjay

Applied Mar first, called and got two weeks msg. And got approved msg just 5 mins ago with 5k limit.(way too much above 5/24) Could I move personal credit line to buz card?

Irish80

They no longer allow credit reallocation from personal to business and vice versa

cal_quail

Data point:
Backlog is over or Chase just loves me. Applied Sat 3/19, approved Mon 3/21. The lag time is what was making me hold off. The threat of 5/24 hitting business is what made me move. New business, virtually no sales, highest limit yet. 5th Chase card, first business card. Appx 12 cards in 24 months.

bullfrog23414

Incorrect. Just did this this past Friday in order to get the wife's Ink+ approved.

Also, as a datapoint, recon went swimmingly for both my and my wife's Ink+ - called before denial letters received (still in pending). Approved Friday (x2), asked to be transferred to CSR to request express mailing, received cards yesterday (Tuesday).

At the time of my application, I had exceeded the 5/24 rule.

kciflyer

I recently had a similar situation. I applied for personal SWA Premiere and Plus cards in early Jan. and was instantly approved for both. On March 1, I applied for the CSP and on March 3 applied for the Ink Plus. I hadn't had any other applications or cards issued in the previous two years prior to my SWA VISA applications. I had to wait 3 weeks on the CSP to get approved and then just received the denial letter today on the Ink Plus citing “Too many requests for credit or opened accounts with us”. I called the reconsideration line this afternoon and the lady said that my Ink Plus application was denied because I had another application pending at the same time (She never mentioned my recently issued SWA cards). She took some additional information from me and after a few minutes on the line, said that she was recommending me for approval on the Ink Plus. I still have to get the final approval, but I was successful in getting the initial denial turned around.

Irish80

Hmmm,good to know. I know other people that were told that they wouldnt do it. Guess it varies person to person.