tev9999

Here is another data point that confirms my theory that the less monkeying around and calling, the better...

Recent Chase History:
Disney - 2008 - Have been using for BT $7K limit
IHG - Jan 2014 Instant $14K limit
Slate - Apr 2014 - Instant $10K limit. Reallocated $10K from IHG for $20K and took BT
Ink Bold - May 2014 - Denied, too many new cards w/ Chase. Did not call recon.
Southwest - Sep 2014 - Instant $15K
Sapphire - Feb 2015 - Instant $20K

In addition to Chase, I have added Citi AA, Citi Biz AA and BoA Alaska cards in last six months. Six additional cards in the last 12 months.

On Sunday May 10th I applied for both the United Explorer and Ink Plus cards. Both were deferred. I think I used a private browsing window to avoid cookie issues, but did not try different browsers. Hard pulls combined when reported as far as I have seen.

On May 18th I noticed the United account appear when I signed into Chase with a $5000 limit. Got a denial letter on the Ink a day later for too many new accounts, too many pulls, not enough business income (reported $500) and late payments (one 30 day screw up on a Kohls card five years ago).

I got both the approval letter and card (in separate envelopes) today. Approval letter states:

That is my Slate card. TU FICO reported at 757 on the approval and denial.

My conclusions:
1. There is a ceiling to how much credit Chase will give you, and in my case that is about $68K
2. You do not need to call for Chase to approve w/ reallocation from another card. They will move lines from your unused credit.

I'm fine missing out on the Ink for now. I would have had to work harder than planned to hit minimum spend on both since the RedBird died just after my app was done. I'll give Chase a break for six or more months before I poke them again.

Edit: They actually took the limit from my Slate card, not the Sapphire. That is a bit annoying as I have $11K of 0% money on that one so it may hurt my FICO for using so much of one line. It expires and will be paid off in a couple months anyway and I am laying low for a few months on new apps, so I probably won't bother calling to adjust.

beltway

Perhaps we're sailing too close to the wind, but we don't even do this. Sure, we'll throw a few bucks onto each card as it nears the anniversary, if only to earn points/miles & reset the applicable expiration clock, but otherwise we both tend to sock-drawer cards unless we have a specific reason to use them (e.g., Freedom category spend).

Brugge

Don't Bother With Chase Business Cards...unless you have very few recent accounts open, and have Chase cards that you've had for 5 or more years.

DW just got denied for an Ink Cash, not Plus just a Cash, with a Bus net of over 60K, a household income of 6 figures, a CR around 800. They said they want to see more credit history, especially since she was approved for a Brit Air card and a UA card within the last year. While being non-specific, almost to the point of evasive, "I'm not a licensed Financial Advisor, I can't give Credit Advice" was the response to how long to wait until applying again for a Chase Bus card He mentioned that her only Chase card, currently open that's she's had for 2 years is her CSP.

Two years of flawless payment history isn't enough? Not to mention the Chase cards she had over 2 years ago that are not currently open? We spent $50k over 2 years on her previous Brit Air card alone. But I guess since that's no longer open, it doesn't count.

AMEX was happy to give her a Bus Gold card when her business was only 3 months old. Now that it's 9 months old and is bringing in significant profits, Chase doesn't trust her with a lowly Cash card. Fine, as I told the Chase CSR, that means her $20K a year of Bus expenses will stay with AMEX. Something he seemed quite content about.

RNE

I've been saying four things repeatedly.

1. Don't manipulate your credit limits.
2. Chase's 24-month bonus limit doesn't mean squat if you're not approved.
3. Don't vacation on Venus in the summer.
4. It's always summer on Venus.

Quite right. While anecdotally it appears Chase is getting more stringent on its acceptances, "good" customers—like yours truly—get more lenient treatment. My recent instant approval is a testament to that.

For laughs, here is my "Grade Overview" from TransUnion.


A On-time Payments 100%
A Oldest Credit Line 34 yrs.
A Credit Utilization 4%
D Recent Inquiries 7
D New Accounts 10
A Available Credit $159,076.00

jordandawg05

I had united MilagePlus explorer back in 2012 and closed it spring of 2013 as i had to make room for my apps that year. Since the bonus is up to 50k , would it be ok or am i eligible to apply for the cards and points?

thanks,

guv1976

Wirelessly posted (BlackBerry: BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)

"would it be ok or am i eligible to apply for the cards and points?"

Huh?

jordandawg05

will i get the points is what i meant since i already had the card before.

guv1976

Wirelessly posted (BlackBerry: BlackBerry8530/5.0.0.1030 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/417)

It's been reported that one can get bonuses on any particular Chase card every 24 months. So if you got the bonus before May, 2013, you should be able to get it again now.

jordandawg05

yeah i got the bonus some times in 2012 but closed the card spring of 2013.
sounds good i may go for this card for both myself and spouse.

Thanks !! btw good to see you're still active on this board. you've helped me in the past on several occasions !

italdesign

Indeed. Mom (who had 13 new cards in the last 12mo) just got auto approved with 25K CL

RNE

Assuming the OP's application is approved. A big assumption nowadays.

Light

I just got auto-approved for a Chase Ink Plus.

Should I apply for another business card before the day ends to take advantage of combined pulls? Or will this be pushing it with Chase?

beltway

Unless you have a six-figure income, a FICO above 830 (on a scale of 850), and relatively few recent Chase apps, I'd say your odds of success are minimal.

Light

Tried it. Sent to review. These are my only two Chase apps this year. Have six-figure income, FICO is ~800. Does this mean I have a chance?

philemer

Call then ASAP and explain why you need two. Check the wiki too.