Sep 4, 2015, 8:47 am
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
Aug 13, 2015, 10:10 pm
#1246
Join Date: Aug 2015
Posts: 6
Yeah on top of that also just applied same day for Citi TY Premier and got 24hr check back message or they would send us mail in 1 week. What the hell is going on? Just checked and credit score is within a couple points for the past few months...still almost 770. She makes good money. This is really discouraging getting into the points game and having both great credit and good income. Is the 91+ day strategy no longer valid for those just getting into AOR and now has increased to a larger number or ? She has zero late payments on both SW Cards and the AMEX. In fact a couple we paid midway and at cutting of the monthly invoice. Really not sure if I should apply for my AOR yet or not given time frame is same as hers...just under 120 days. Any other input would be greatly appreciated.
Last edited by gecko777; Aug 13, 2015 at 10:19 pm
Aug 14, 2015, 9:03 am
#1247
Join Date: Sep 2013
Programs: AA Lifetime Gold
Posts: 3,677
Yeah on top of that also just applied same day for Citi TY Premier and got 24hr check back message or they would send us mail in 1 week. What the hell is going on? Just checked and credit score is within a couple points for the past few months...still almost 770. She makes good money. This is really discouraging getting into the points game and having both great credit and good income. Is the 91+ day strategy no longer valid for those just getting into AOR and now has increased to a larger number or ? She has zero late payments on both SW Cards and the AMEX. In fact a couple we paid midway and at cutting of the monthly invoice. Really not sure if I should apply for my AOR yet or not given time frame is same as hers...just under 120 days. Any other input would be greatly appreciated.
Just look at the various FT threads, and see how many, or actually how few, posts are being put up now compared to a year ago. It used to be that many of the threads I follow would have several pages of new posts every day. Now most of them have maybe 3 or 4 new posts a day, and some go a day or two without any new posts at all. Especially if you check for posts with new content, as opposed to newby questions that are answered in the wiki.
In the past all the banks were battling for market share, and would try to outdo each other giving out cards. Citi would give you 2 100K AA mile cards with simultaneous apps. B of A would give you 5 AS cards the same day.
Then AMEX went to once in a lifetime, and that seemed to slow down the frenzy somewhat. Followed by Barclays going to one or two per year. Then Chase started cracking down, first on Bus cards, then drastically on UR cards. Now Citi is following up with rather intense scrutiny on ordinary personal cards, even for people with decades long history with them. And no bonus if you have opened, or even CLOSED, the same type of card in the last 18 months.
In little over a year, we've gone from who can issue the most cards to who can issue the least cards.
How this all translates into bottom line profits, much less market share and projected growth, is beyond me.
Aug 14, 2015, 9:23 am
#1248
Join Date: Aug 2015
Posts: 22
I haven't seen reports of Chase cards getting closed after already being approved for that reason. It's safe to say many folks here have a CSP and have far more than 5 apps sharing the same credit report. As long as you are regularly spending on the card, I don't see why Chase would have a problem with keeping it open.
Aug 14, 2015, 10:34 am
#1249
Join Date: Jun 2015
Posts: 112
Sorry, but you got into the game just as it started to grind to a near halt.
Just look at the various FT threads, and see how many, or actually how few, posts are being put up now compared to a year ago. It used to be that many of the threads I follow would have several pages of new posts every day. Now most of them have maybe 3 or 4 new posts a day, and some go a day or two without any new posts at all. Especially if you check for posts with new content, as opposed to newby questions that are answered in the wiki.
In the past all the banks were battling for market share, and would try to outdo each other giving out cards. Citi would give you 2 100K AA mile cards with simultaneous apps. B of A would give you 5 AS cards the same day.
Then AMEX went to once in a lifetime, and that seemed to slow down the frenzy somewhat. Followed by Barclays going to one or two per year. Then Chase started cracking down, first on Bus cards, then drastically on UR cards. Now Citi is following up with rather intense scrutiny on ordinary personal cards, even for people with decades long history with them. And no bonus if you have opened, or even CLOSED, the same type of card in the last 18 months.
In little over a year, we've gone from who can issue the most cards to who can issue the least cards.
How this all translates into bottom line profits, much less market share and projected growth, is beyond me.
Just look at the various FT threads, and see how many, or actually how few, posts are being put up now compared to a year ago. It used to be that many of the threads I follow would have several pages of new posts every day. Now most of them have maybe 3 or 4 new posts a day, and some go a day or two without any new posts at all. Especially if you check for posts with new content, as opposed to newby questions that are answered in the wiki.
In the past all the banks were battling for market share, and would try to outdo each other giving out cards. Citi would give you 2 100K AA mile cards with simultaneous apps. B of A would give you 5 AS cards the same day.
Then AMEX went to once in a lifetime, and that seemed to slow down the frenzy somewhat. Followed by Barclays going to one or two per year. Then Chase started cracking down, first on Bus cards, then drastically on UR cards. Now Citi is following up with rather intense scrutiny on ordinary personal cards, even for people with decades long history with them. And no bonus if you have opened, or even CLOSED, the same type of card in the last 18 months.
In little over a year, we've gone from who can issue the most cards to who can issue the least cards.
How this all translates into bottom line profits, much less market share and projected growth, is beyond me.
Aug 14, 2015, 10:39 am
#1250
Join Date: Jun 2015
Posts: 112
Well you have to spend the minimum amount to get the sign-up bonus, so I would decide on how many cards to apply for, and when, based on your spending patterns. Why would Chase shut you down in the middle of your minimum spend activities anyway?
Aug 14, 2015, 10:49 am
#1251
Join Date: Sep 2013
Location: SMF
Posts: 1,251
Yeah on top of that also just applied same day for Citi TY Premier and got 24hr check back message or they would send us mail in 1 week. What the hell is going on? Just checked and credit score is within a couple points for the past few months...still almost 770. She makes good money. This is really discouraging getting into the points game and having both great credit and good income. Is the 91+ day strategy no longer valid for those just getting into AOR and now has increased to a larger number or ? She has zero late payments on both SW Cards and the AMEX. In fact a couple we paid midway and at cutting of the monthly invoice. Really not sure if I should apply for my AOR yet or not given time frame is same as hers...just under 120 days. Any other input would be greatly appreciated.
Aug 14, 2015, 11:02 am
#1252
Join Date: Mar 2015
Location: Austin, TX - AUS
Programs: AA Platinum, Hilton, Hyatt, IHG, Marriott
Posts: 1,625
There have been reports of Chase denying credit card applications due to too many accounts opened in the last 2 years, but once approved you should be good to go.
The only shut down reports I've heard are:
1) No spending on the card for a long period of time
2) Consistently hitting the credit limit (ie excessive manufactured spend)
The only shut down reports I've heard are:
1) No spending on the card for a long period of time
2) Consistently hitting the credit limit (ie excessive manufactured spend)
Aug 14, 2015, 11:37 am
#1253
Join Date: Aug 2011
Location: PDX-EUG
Posts: 131
Data Point
Just wanted to add to the data points, as they've been helpful to me.
10 applied/approved cards the in the past 24 months thru 3 different agencies.
2 Open Chase cards - Ritz and Ink (I do put a little spend on both).
4 Closed Chase cards in past 2 years - UA, Hyatt, Fairmont and Ink Bold.
1 AU on a Freedom.
I wanted to apply for a CSP (not exactly sure why I didn't get one earlier
), but decided not to, based on information in this thread. I went ahead and applied for Marriott 80K offer. I got an instant approval for large CL.
10 applied/approved cards the in the past 24 months thru 3 different agencies.
2 Open Chase cards - Ritz and Ink (I do put a little spend on both).
4 Closed Chase cards in past 2 years - UA, Hyatt, Fairmont and Ink Bold.
1 AU on a Freedom.
I wanted to apply for a CSP (not exactly sure why I didn't get one earlier
), but decided not to, based on information in this thread. I went ahead and applied for Marriott 80K offer. I got an instant approval for large CL.
Aug 14, 2015, 11:46 am
#1254
Join Date: Aug 2015
Posts: 2
http://ficoforums.myfico.com/t5/Cred...o/td-p/3707637
By saying that I cannot find anything convincing I mean there is nothing in the wiki and corresponding thread related to shut-downs.
Anyway, thank you very much for replies. Looks like everything should be fine
I am aware of the spending limit. I am going to apply for the Citi card in a few months after the CSP, but was afraid that it could somehow trigger the automatic shut-down of the Chase account.
Aug 14, 2015, 12:29 pm
#1255
Join Date: Mar 2014
Posts: 197
Adding a data point that may or may not be useful:
Applied for 10 cards in 2014
Applied for 4 cards in 2015
Right Now I have 3 Ink cards, 1 Freedom, 1 IHG, 1 United Personal cards with Chase open.
Applied for United Biz card on July 31st and got the pending "2 weeks" message on the automated line.
Day 14: Message changed to "we will inform you in writing within 7 to 10 days"
I will update this again once I receive something in the mail.
Applied for 10 cards in 2014
Applied for 4 cards in 2015
Right Now I have 3 Ink cards, 1 Freedom, 1 IHG, 1 United Personal cards with Chase open.
Applied for United Biz card on July 31st and got the pending "2 weeks" message on the automated line.
Day 14: Message changed to "we will inform you in writing within 7 to 10 days"
I will update this again once I receive something in the mail.
Last edited by unkn0wns0ldier; Aug 14, 2015 at 2:28 pm
Aug 14, 2015, 5:09 pm
#1256
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
RNE, this is why we're getting skewed data; success can't be reported if it's not even attempted.
Aug 14, 2015, 5:23 pm
#1257
Join Date: Feb 2006
Programs: HH Gold (again), US/UA/DL non-elite, ZE Presidents Circle, WN reluctant no fee convert.
Posts: 1,449
First Post because I'm usually just a lurker on here. However, here is my tale of Chase woe.
Just started the "card hobby" this year but I've been a Chase cardholder since 2006. I opened up a Marriott card in November of last year and a Ritz in early February...that's it, a total of 3 Chase credit cards, one of which I cancelled when I opened the Ritz.
I attempted to apply for the Hyatt card this past week and was given the "Thank you for applying..." response. Called in for an immediate review, told the rep that I travel a lot for work and wanted to start staying at Hyatt on certain trips. She asked me why I was seeking credit right now, and that I had just opened a card in February with them. I explained again that I have to expense work trips and this would be a great card for travel. She took another long break to review, then came back and responded that she could not give me anymore credit at this time. I asked if we could reallocate funds from my other Chase cards so that I could open this card. She again said that they were not willing to open any more accounts with me right now.
I applied for a Citi ThankYou card the next day, then a Citi HHonors card two days later...was approved for both.
When I received my "rejection letter" from Chase in the mail, it stated that I had "too many credit inquiries" on record and "too many accounts". I have a total of seven credit cards (including the two new Citi cards) and they had my FICO at 760.
For me, I'll not be wasting anymore hard pulls on Chase.
Just started the "card hobby" this year but I've been a Chase cardholder since 2006. I opened up a Marriott card in November of last year and a Ritz in early February...that's it, a total of 3 Chase credit cards, one of which I cancelled when I opened the Ritz.
I attempted to apply for the Hyatt card this past week and was given the "Thank you for applying..." response. Called in for an immediate review, told the rep that I travel a lot for work and wanted to start staying at Hyatt on certain trips. She asked me why I was seeking credit right now, and that I had just opened a card in February with them. I explained again that I have to expense work trips and this would be a great card for travel. She took another long break to review, then came back and responded that she could not give me anymore credit at this time. I asked if we could reallocate funds from my other Chase cards so that I could open this card. She again said that they were not willing to open any more accounts with me right now.
I applied for a Citi ThankYou card the next day, then a Citi HHonors card two days later...was approved for both.
When I received my "rejection letter" from Chase in the mail, it stated that I had "too many credit inquiries" on record and "too many accounts". I have a total of seven credit cards (including the two new Citi cards) and they had my FICO at 760.
For me, I'll not be wasting anymore hard pulls on Chase.
Same card choice, same questions, turn down. Same reason for need, ie, work related expenses. High score. I did mention I wanted a beach getaway (Clearwater Hyatt).
Hmmm, maybe that was it...
Aug 14, 2015, 5:46 pm
#1258
Join Date: Sep 2013
Programs: AA Lifetime Gold
Posts: 3,677
Aug 14, 2015, 6:00 pm
#1259
Join Date: Aug 2015
Posts: 31
note: automated line responses stating they will notify you in 2 weeks often result in an approval; automated lines responses stating they will notify you in 7-10 days often result in a denial.
Aug 14, 2015, 7:20 pm
#1260
Join Date: Feb 2008
Posts: 940
FWIW, My app was approved a couple of days later. I'd imagine if it had denied, it would change into "You will be notified of our decision in 2 weeks" or something like that.