Applying for Chase PERSONAL Cards (2020 - 2022)
May 19, 2020, 4:10 pm
#151
Join Date: May 2019
Programs: AA EXP, UA 1K, Hilton Diamond, Bonvoy Lifetime Titanium Elite, Hyatt Lifetime Globalist
Posts: 454
A data point. I applied for United Club Infinite on Friday - the 100k was just too appealing, getting the miles for .525 cents each feels like it will be worth it. I guess we'll see.
Did not get immediate approval, however. Get a pending review notice so I called in. Was told I had too much Chase credit for the $15k required on the United card.
Asked them to take my Sapphire down to $28k and Hyatt down to $22k and voila, was told they'd get back to me. Got the approval email that afternoon.
The card arrived yesterday, so, approval on Friday and the nice packet today.
I see the new "bonus" offer is first year fee waived, so you could (assuming we fly this year at some point) get the card for free, use the TSA credit, visit the lounges and cancel before renewal, all for free.
Did not get immediate approval, however. Get a pending review notice so I called in. Was told I had too much Chase credit for the $15k required on the United card.
Asked them to take my Sapphire down to $28k and Hyatt down to $22k and voila, was told they'd get back to me. Got the approval email that afternoon.
The card arrived yesterday, so, approval on Friday and the nice packet today.
I see the new "bonus" offer is first year fee waived, so you could (assuming we fly this year at some point) get the card for free, use the TSA credit, visit the lounges and cancel before renewal, all for free.
May 19, 2020, 4:21 pm
#152
Join Date: May 2019
Programs: AA EXP, UA 1K, Hilton Diamond, Bonvoy Lifetime Titanium Elite, Hyatt Lifetime Globalist
Posts: 454
Updated Data Point
Hi all. Happy Monday.
Planning a fairly aggressive series of applications for Chase cards. Just got 3 biz cards (Ink Cash, Ink Unlimited and United MP) because I finally dropped below 5/24.
3 questions I'm looking for advice on, didn't see this in the wiki.
1. Does Chase add both the Biz card and Personal card credit line when deciding whether to give you a personal card?
2. How high is too high with personal credit lines? With 2 personal cards, I've got $65k in credit lines. I don't need them to be that high, though my Sapphire Reserve will sometimes top $30k.
3. Is there a best order to get cards if I want a number of personal cards? I have on my list to get over the 12 months 2 United personal cards, the Chase Freedom, a Bonvoy card, and the IHG card.
Thanks in advance for any tips/help.
Planning a fairly aggressive series of applications for Chase cards. Just got 3 biz cards (Ink Cash, Ink Unlimited and United MP) because I finally dropped below 5/24.
3 questions I'm looking for advice on, didn't see this in the wiki.
1. Does Chase add both the Biz card and Personal card credit line when deciding whether to give you a personal card?
2. How high is too high with personal credit lines? With 2 personal cards, I've got $65k in credit lines. I don't need them to be that high, though my Sapphire Reserve will sometimes top $30k.
3. Is there a best order to get cards if I want a number of personal cards? I have on my list to get over the 12 months 2 United personal cards, the Chase Freedom, a Bonvoy card, and the IHG card.
Thanks in advance for any tips/help.
1. Yes
2. A good rule of thumb is Chase will extend total credit limits up to 50% of your stated income. If your history is long, particularly with Chase, that number can be much higher.
3. Your velocity is too aggressive. 3 biz cards since March 1 and another 5 personal cards planned in the next 12 months. After the 3 biz card frenzy, I would cool off for a full 3 months. Then start on the personal card journey leaving 2-3 months between each application. All this while managing your total Chase CL as per above.
2. A good rule of thumb is Chase will extend total credit limits up to 50% of your stated income. If your history is long, particularly with Chase, that number can be much higher.
3. Your velocity is too aggressive. 3 biz cards since March 1 and another 5 personal cards planned in the next 12 months. After the 3 biz card frenzy, I would cool off for a full 3 months. Then start on the personal card journey leaving 2-3 months between each application. All this while managing your total Chase CL as per above.
Applied last Friday and already have the card. I'm at 3 personal and 4 business cards, but yes, now going to go VERY slowly, with late August and early December for the next two personal cards. I guess the good thing is I'm picking up 100k MR points and 200k United points between March and the end of June when I'll have my SUB spend requirements completed. Of course, these are only valuable if/when I can ever get on a plane again...
May 20, 2020, 9:45 am
#154
Join Date: Aug 2004
Location: YYZ
Programs: AA LT Plat, AC 25K, Marriott Plat, Hilton Diamond
Posts: 1,137
<snip>
Chase Freedom $5K limit, apparently minimum $5K limit
Chase Marriott Boundless $5K limit, apparently minimum $5K limit
Chase IHG Select $7.5K limit, apparently minimum $5K limit
Chase IHG Premier $20.9K limit, apparently minimum $20K limit
<snip>
EDIT: I just called regular CS and moved around my credit limits, so my Freedom now has a $27.5K limit. I'll try and call reconsideration tomorrow and see if they'll now let me close just the Freedom to approve the United Club Infinite.
Chase Freedom $5K limit, apparently minimum $5K limit
Chase Marriott Boundless $5K limit, apparently minimum $5K limit
Chase IHG Select $7.5K limit, apparently minimum $5K limit
Chase IHG Premier $20.9K limit, apparently minimum $20K limit
<snip>
EDIT: I just called regular CS and moved around my credit limits, so my Freedom now has a $27.5K limit. I'll try and call reconsideration tomorrow and see if they'll now let me close just the Freedom to approve the United Club Infinite.
I ended up just moving credit lines around with regular CS and ended up with $27.5K CL on the Freedom. I'll call reconsideration again today to see if they can now take $15K CL from the Freedom to approve the United Club Infinite.
May 21, 2020, 12:25 pm
#155
Join Date: May 2005
Location: SEA
Programs: AS; Hyatt Globalist; Hilton Gold; NEXUS
Posts: 979
Has Chase clamped down on 2/30?
I just got a CSR on 5/11, instant approval at $23.5k. It's the first product I've ever had with Chase. FICO is 800, at 2/24 status right now. Six inquiries on EX which is what Chase seems to be pulling (4 are mortgage, 1 is CNB, 1 is Chase). I have four other cards (Barclays PCLN Visa 2/13, BoA Travel 8/04, Hilton AMEX 7/03, CNB Visa I'm about to cancel, 7/19). I want the CFU now because I want to put Q2's estimated quarterly tax payment on there @1.5 UR instead of 1 UR.
I am curious what recent data points might suggest here. I also wonder what effect, if any, cancelling my $50kCL CNB Visa will have, and how I should time that relative to this app. My current utilization is at 0 (I pay before the statements cut), but that $50k represents over 50% of my available credit.
I just got a CSR on 5/11, instant approval at $23.5k. It's the first product I've ever had with Chase. FICO is 800, at 2/24 status right now. Six inquiries on EX which is what Chase seems to be pulling (4 are mortgage, 1 is CNB, 1 is Chase). I have four other cards (Barclays PCLN Visa 2/13, BoA Travel 8/04, Hilton AMEX 7/03, CNB Visa I'm about to cancel, 7/19). I want the CFU now because I want to put Q2's estimated quarterly tax payment on there @1.5 UR instead of 1 UR.
I am curious what recent data points might suggest here. I also wonder what effect, if any, cancelling my $50kCL CNB Visa will have, and how I should time that relative to this app. My current utilization is at 0 (I pay before the statements cut), but that $50k represents over 50% of my available credit.
May 21, 2020, 2:21 pm
#156
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
Be aware that some issuers will decline applications if they see zero utilization. Why should they open an account for someone who doesn't use them? (Yes, we understand that you do use them, but that's how you look to their algorithm.) Can you downgrade the CNB card to a free product to preserve the credit line?
May 21, 2020, 3:12 pm
#157
Join Date: Aug 2004
Location: YYZ
Programs: AA LT Plat, AC 25K, Marriott Plat, Hilton Diamond
Posts: 1,137
I applied for the Chase United Club Infinite yesterday. Today, I got a denial notice online because "You have too many active accounts or too much available credit".
I called reconsideration, and was told I have too much credit with Chase. However, he was not able to just reduce the limits beyond a certain point on my existing cards to put together the minimum $15K limit for the United Club Infinite.
Specifically, I have the following cards:
Chase Freedom $5K limit, apparently minimum $5K limit
Chase Marriott Boundless $5K limit, apparently minimum $5K limit
Chase IHG Select $7.5K limit, apparently minimum $5K limit
Chase IHG Premier $20.9K limit, apparently minimum $20K limit
I was told the only option is to close the IHG Premier to push the United Club Infinite application through. I asked the agent to hold off, and I'd call back.
Is the agent right? Is that my only option? I'm happy to close the Freedom, but really would like to keep the other 3 cards if possible. I'm surprised the Chase IHG Premier can't be reduced to $5K for example, as that would free up the $15K for the United Club Infinite.
EDIT: I just called regular CS and moved around my credit limits, so my Freedom now has a $27.5K limit. I'll try and call reconsideration tomorrow and see if they'll now let me close just the Freedom to approve the United Club Infinite.
I called reconsideration, and was told I have too much credit with Chase. However, he was not able to just reduce the limits beyond a certain point on my existing cards to put together the minimum $15K limit for the United Club Infinite.
Specifically, I have the following cards:
Chase Freedom $5K limit, apparently minimum $5K limit
Chase Marriott Boundless $5K limit, apparently minimum $5K limit
Chase IHG Select $7.5K limit, apparently minimum $5K limit
Chase IHG Premier $20.9K limit, apparently minimum $20K limit
I was told the only option is to close the IHG Premier to push the United Club Infinite application through. I asked the agent to hold off, and I'd call back.
Is the agent right? Is that my only option? I'm happy to close the Freedom, but really would like to keep the other 3 cards if possible. I'm surprised the Chase IHG Premier can't be reduced to $5K for example, as that would free up the $15K for the United Club Infinite.
EDIT: I just called regular CS and moved around my credit limits, so my Freedom now has a $27.5K limit. I'll try and call reconsideration tomorrow and see if they'll now let me close just the Freedom to approve the United Club Infinite.
<snip>
Transferred $2K, $4.5K and $16K CLs from the 2nd to 4th cards to the 1st card. The "apparent minimums" were quoted/enforced by reconsideration, but regular CS had no such restrictions.
I ended up just moving credit lines around with regular CS and ended up with $27.5K CL on the Freedom. I'll call reconsideration again today to see if they can now take $15K CL from the Freedom to approve the United Club Infinite.
Transferred $2K, $4.5K and $16K CLs from the 2nd to 4th cards to the 1st card. The "apparent minimums" were quoted/enforced by reconsideration, but regular CS had no such restrictions.
I ended up just moving credit lines around with regular CS and ended up with $27.5K CL on the Freedom. I'll call reconsideration again today to see if they can now take $15K CL from the Freedom to approve the United Club Infinite.
So, for future reference, if reconsideration can't take CLs from your existing cards because they say it would go below the minimum CL for those cards - call regular CS, consolidated your lines onto one card (even taking the other cards below the minimum CL that reconsideration had stated), then call reconsideration back.
Jun 4, 2020, 4:52 pm
#158
Join Date: Apr 2020
Posts: 107
Marriott CC was approved but they decreased my CSR credit limit
A few days ago, I applied Marriott Boundless CC, it gets approved pretty quick, the credit limit is 8k. in the meanwhile they decreased exactly 8k off from my CSR credit limit. Subsequently, they send me the e-letter explained that the adjustments based on 1) I already have the max amount of credit they can offer me, 2) the current amount is enough in relation of my income.
Here comes to my thought, when I applied the new CC, I only listed the individual income, I didn't include the household income and other assets, but on the Internet, it says that I should include the household total income + other assets, which if I done so they may will give me higher credit limit. TBH, this decrease of one CC comprised a newly opened CC won't impact on my total utilization of the credit limit, but do I need to try to argue and restore my CSR credit limit? I'm afraid this will cause another hard pull, but I'm also afraid the decrease of my CRS will leave me a bad record on chase system. please advice.
another question, if I won't react, will my credit limit gets climb later after a few months automatically? do I need to update the income voluntarily in order to trigger increasing the credit limit? please advise.
thanks.
Here comes to my thought, when I applied the new CC, I only listed the individual income, I didn't include the household income and other assets, but on the Internet, it says that I should include the household total income + other assets, which if I done so they may will give me higher credit limit. TBH, this decrease of one CC comprised a newly opened CC won't impact on my total utilization of the credit limit, but do I need to try to argue and restore my CSR credit limit? I'm afraid this will cause another hard pull, but I'm also afraid the decrease of my CRS will leave me a bad record on chase system. please advice.
another question, if I won't react, will my credit limit gets climb later after a few months automatically? do I need to update the income voluntarily in order to trigger increasing the credit limit? please advise.
thanks.
Jun 4, 2020, 5:17 pm
#159
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,194
a. No hard pull.
b. No negative impact on "your record in the Chase system".
c. Chase routinely limits total credit lines to 50% of your stated income.
d. Many people proactively lower credit limits on existing Chase cards prior to applying for a new Chase card to avoid exceeding the threshold listed in (c).
e. Unless you routinely charge very large amounts on your CSR, no real reason to call and argue for a higher credit limit. That would result in a hard pull.
(Addendum: I would not recommend listing the monetary value of assets as income on a credit card application. Household income - no problem.)
b. No negative impact on "your record in the Chase system".
c. Chase routinely limits total credit lines to 50% of your stated income.
d. Many people proactively lower credit limits on existing Chase cards prior to applying for a new Chase card to avoid exceeding the threshold listed in (c).
e. Unless you routinely charge very large amounts on your CSR, no real reason to call and argue for a higher credit limit. That would result in a hard pull.
(Addendum: I would not recommend listing the monetary value of assets as income on a credit card application. Household income - no problem.)
Jun 4, 2020, 5:32 pm
#160
Join Date: Apr 2020
Posts: 107
thank you Diplomatico , you made the valued points, do you think after a few months I shall need to update the income voluntarily in order to trigger increasing the credit limit of my CSR? the current consequence doesn't really hurt, since the total credit limit stays the same as before, however, in theory, more credit limit could always preventing the higher utilization which would impact the credit, right?
Jun 4, 2020, 7:00 pm
#161
Join Date: Apr 2018
Posts: 262
thank you Diplomatico , you made the valued points, do you think after a few months I shall need to update the income voluntarily in order to trigger increasing the credit limit of my CSR? the current consequence doesn't really hurt, since the total credit limit stays the same as before, however, in theory, more credit limit could always preventing the higher utilization which would impact the credit, right?
Jun 5, 2020, 8:12 am
#162
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,194
thank you Diplomatico , you made the valued points, do you think after a few months I shall need to update the income voluntarily in order to trigger increasing the credit limit of my CSR? the current consequence doesn't really hurt, since the total credit limit stays the same as before, however, in theory, more credit limit could always preventing the higher utilization which would impact the credit, right?
I'm don't understand the fixation with increasing your credit limit on the CSR unless you routinely carry high balances on it each month, in which case the interest you're paying would be of more concern than whatever downward tick your credit score may experience.
As someone else mentioned, you can always re-allocate credit from another personal card to the CSR if you want/need a higher limit on the CSR.
Jun 5, 2020, 11:38 am
#163
Join Date: Apr 2007
Posts: 566
Technically they weren't at 5/24, but still at 4/24. N/24 is how many cards (currently open or closed) are showing on your credit report with an "opened on" date in the past 24 months. We already know that Chase doesn't count their own business cards to make up for the fact that they don't ever show up on credit reports, so it shouldn't be surprising that they aren't counting recently-opened Chase personal cards to make up for the fact that they don't yet show up on credit reports.
However, the less known is how likely Chase is to approve you for multiple cards within the short time between then you get approved for the first card and when it shows up on whichever credit report they pull for you. It works for some people some of the time, but that doesn't prove that it works for everyone all of the time. (And it depends, in part, on which exact cards you want to apply for in what order.)
However, the less known is how likely Chase is to approve you for multiple cards within the short time between then you get approved for the first card and when it shows up on whichever credit report they pull for you. It works for some people some of the time, but that doesn't prove that it works for everyone all of the time. (And it depends, in part, on which exact cards you want to apply for in what order.)
Jun 5, 2020, 2:08 pm
#164
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,194
The general advice when applying for Chase cards is 2-3 months between applications.
You can call in advance to lower existing credit limits so that the 50% threshold is not a factor.
You can call in advance to lower existing credit limits so that the 50% threshold is not a factor.
Jun 5, 2020, 6:06 pm
#165
Join Date: Apr 2007
Posts: 566
Oh ok thanks. I thought I read somewhere about waiting at least 30 days between 2 Chase personal apps ... but not sure where I read it or whether it said no more than 1 personal and 1 biz in 30 days. I'm not doing any biz.