Last edit by: beltway
This thread is now archived. For ongoing discussion and the current/updated wiki, see Applying for Chase Credit Cards, 2017 onward. For the archived predecessor thread, see Applying for Chase Credit Cards- Archived 2008-5/2015
Archived: Applying for Chase Credit Cards- May 2015- Jan 2017
#406
Join Date: Jan 2015
Posts: 77
Store cards often don't report to CBs, so that is the most likely reason. Of course, we haven't seen the Chase memo to Recon, so maybe they only consider true "credit" cards, and don't even care about store cards.
You should be fine, as the new rule is 5 ccs and you only have 4, and if necessary could probably get the AU discounted anyway. Good Luck !
You should be fine, as the new rule is 5 ccs and you only have 4, and if necessary could probably get the AU discounted anyway. Good Luck !
#407
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
They are cracking down on obvious churners, even the T&C says they can close accounts "by repeatedly opening or otherwise maintaining credit cards accounts for the sole purpose of generating rewards".
Last edited by mhdena; Jun 15, 2015 at 12:54 am
#408
Join Date: Feb 2003
Location: On strike
Posts: 8,135
I suppose it's a matter of perspective, but 5 new cards in 24 months seems to me a rather low threshold. Anyone opening accounts at that rate is doing only artisanal small-batch locally-sourced churning.
#409
Join Date: Oct 2013
Programs: HH Diamond, Hyatt Diamond, IHG Platinum, Marriott Silver
Posts: 252
If 5 cards is the "limit" then consider a person who opens 6 cards in 24 months. That's one card every 4 months which is the typical 3-4 month meet minimum speed requirement. Like you said it's a low threshold, but chances are this person is looking for sign-up bonuses more than long-term loyalty. From a business perspective all of them are bad. The typical American may open maybe 1 or 2 cards a year and not more than that and these are the people they want as customers.
#410
Join Date: Mar 2013
Programs: HHonors Diamond, IHG Plat, Club Carlson Gold, SPG Gold, Marriott Gold
Posts: 316
Wow, I think I got it just under the wire . My app date was 5/19, right around the time when this new policy is first mentioned in this thread.
#411
Join Date: Aug 2014
Posts: 17
Chase 5 card/24 month rule - any approvals since June despite?
Chase reportedly started a new rule at the beginning of June 2015 by which you will no longer be approved for Freedom, Slate, Sapphire or Ink cards if you have taken out 5 credit cards (excluding department store cards) from any bank (chase, citi, amex, Barclays, other) in the last 24 months. Included in the 5 card count are cards on which you are an authorized user on others accounts and reportedly Chase business accounts.
Does anybody want to share experience of being approved since the beginning of June for a freedom, slate, sapphire or ink despite the reported 5 card/24 month rule.
Does anybody want to share experience of being approved since the beginning of June for a freedom, slate, sapphire or ink despite the reported 5 card/24 month rule.
#412
Join Date: Aug 2005
Location: HPN
Programs: not anymore! I'm FREE!
Posts: 3,459
Yes and no. Imagine a youngster a few years after getting her first good job after college, who has a few credit cards and an excellent credit history, and is being sent offer after offer for zillions of bonus points for opening every card imaginable. So she decides to try them all out to see which one fits the best. Because she likes the CSP best, she decides to open a Freedom because it really complements the CSP well. But when she applies, she's told "no, too many new cards." Disgusted at Chase's insult (after all, all the other banks are still fawning all over her with incessant mail offers), she cancels all her Chase cards and keeps only the Citi cards - rather than doing the opposite, which is what she had planned to do. Chase has lost a good customer for a long time, if not life.
#413
Join Date: Nov 2006
Programs: Marriott Platinum, Hilton Diamond, IHG Platinum
Posts: 3,714
I wonder if there is an affiliate blogger equivalent of this thread. You can imagine the discussion they're having.
"Please tell me this is just a temporary nightmare that will go away next week. All the templates and calendar reminders and carefully chosen brainwashing words I made for Chase card pimping..."
"You mean I have to state that only 4 new accts in 2 years are allowed, on my 3 beloved CSP pimping pages per day? Oh lord..."
This would possibly make the best Hitler video.
Last edited by italdesign; Jun 15, 2015 at 7:09 am
#414
Join Date: Aug 2014
Posts: 17
I wonder how bow-tie guy feels now about promoting the heck out of how you can get 5 Alaska Airline cards in 1 day -- that little endeavor just made him (and others that followed his example) ineligible for any new freedom, slate, sapphire or ink cards.
#415
Join Date: Nov 2006
Programs: Marriott Platinum, Hilton Diamond, IHG Platinum
Posts: 3,714
And really, you think a high roller like him cares about a couple of sign up bonuses? Not compared to the affiliate income he is getting. Certainly not Gary who has multi-million point balances and earns more than he can spend.
#417
Join Date: Mar 2013
Location: CT/NYC Tri-state
Posts: 96
I could believe it. I am glad I got the IHG card last month. I was wondering why My chase local bank associate was not in the mood to talk to me this past week. Less cards = Less referrals
#418
Join Date: Sep 2013
Programs: AA Lifetime Gold
Posts: 3,677
Yes, I said that too, but I thought it was transparent he was trying to use the new policy to push one of his best affiliate links. Still he is writing about it, whereas Lucky and MP haven't mentioned it at all.
#419
Join Date: Sep 2013
Programs: AA Lifetime Gold
Posts: 3,677
The other has decent credit, uses an Amex Plat card exclusively, and decided to try branching out to other points programs. She has one credit card only....who could sell Florida swampland to Donald Trump, and is literally the most persistent person I have ever known, was unable to get her card approved with 2 or 3 recon calls. She got an instant approval for an SPG the same day.
Had the Vet had even one or better two credit cards in her credit history, she would have a much easier time to get approval. This is because the system to determine one's ability to pay is so skewed to the point that in some situations it is totally dysfunctional. For example, people who are very financially responsible, pay off their mortgages very early and always buy their cars with cash, they are penalized by not having "a variety of credits so to demonstrate the ability to manage payment." (para-phrased the reason why said person's FICO is negatively affected.)
How could a person has no personal debt, with a paid for house and cars and decent income, would be determined less credit-worthy (by way of the FICO score) than a person who has 300K mortgage, 50K car loan and similar income? But that seems the way the banksters' models work... .
How could a person has no personal debt, with a paid for house and cars and decent income, would be determined less credit-worthy (by way of the FICO score) than a person who has 300K mortgage, 50K car loan and similar income? But that seems the way the banksters' models work... .
If 5 cards is the "limit" then consider a person who opens 6 cards in 24 months. That's one card every 4 months which is the typical 3-4 month meet minimum speed requirement. Like you said it's a low threshold, but chances are this person is looking for sign-up bonuses more than long-term loyalty. From a business perspective all of them are bad. The typical American may open maybe 1 or 2 cards a year and not more than that and these are the people they want as customers.
#420
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
Those challenging me to take a dose of my own medicine are justified in demanding that. And I shall. When it's time. But I'm not sure I'm your best case study.
AMEX:
Delta card, last year.
BARCLAY
Wyndham Rewards this year. Last year, got the US Airways (now Aviator) card.
CHASE
In April, I got the IHG card. From prior years, I already had Slate, Freedom, United Explorer, United Presidential Plus, Marriott and Ink. The only other card I want is Hyatt and I'm waiting for a better sign-up bonus before applying for it. So, you'll have to wait to delight in the failure you're so sure will befall my application.
AMEX:
Delta card, last year.
BARCLAY
Wyndham Rewards this year. Last year, got the US Airways (now Aviator) card.
CHASE
In April, I got the IHG card. From prior years, I already had Slate, Freedom, United Explorer, United Presidential Plus, Marriott and Ink. The only other card I want is Hyatt and I'm waiting for a better sign-up bonus before applying for it. So, you'll have to wait to delight in the failure you're so sure will befall my application.