Applying for Chase PERSONAL Cards (2020 - 2022)
#212
A FlyerTalk Posting Legend; Moderator: American Express, Capital One, Citi, Chase, Credit Card Programs, Diners Club, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,882
In which case 2/6 or 3/12 would replace the 5/24 rule, or do we think this is a sort of pacing requirement, No more than 4 in the last 24 months, and no more than 3 in the last 12, and no more than 2 in the last six months?
#213
Join Date: Jul 2018
Posts: 354
Best guess is that JPCMB now has the 5/24 rule along with some combination of a 2/6 and/or 3/12 rule. I'm not certain on the 3/12... but I've seen half a dozen DPs supporting 2/6.
#214
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,038
DP: Rejected and then Approved on recon.
This is my first rejection for a Chase personal card that I ever remember. My DW referred me to the Freedom Unlimited abt 10 days ago and on Monday I received the rejection letter. The reason: too many new accts opened with us in the last 24 months. However, I've only opened 2 new Chase cards in the last 24 months. a business card in May, 2019 and a personal card in Oct, 2019. I currently have 3 Biz & 3 personal cards and no Freedom cards. I've lowered the CL on most of them to $2K or $3K. Credit scores in the low 800s and decent income.
Edit: besides the 2 new Chase cards w/in 24 mo. I also opened 2 non-Chase cards. I called recon an hour ago and was approved after closing one of my old Chase cards. Her main concern seemed to be extending me more credit.
Edit: besides the 2 new Chase cards w/in 24 mo. I also opened 2 non-Chase cards. I called recon an hour ago and was approved after closing one of my old Chase cards. Her main concern seemed to be extending me more credit.
Last edited by philemer; Aug 5, 2020 at 12:02 pm Reason: more info
#215
A FlyerTalk Posting Legend; Moderator: American Express, Capital One, Citi, Chase, Credit Card Programs, Diners Club, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,882
#216
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,038
#218
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,186
#219
Join Date: Feb 2009
Posts: 6,575
If something changed it must have been VERY recent.
I have opened 4 Chase cards in 2020, one Southwest Business ( Pre Covid startup ) and 3 co branded ( WN, IHG , Hyatt) personal cards.
When I get home I can post the exact date I opened each card but the first statement on my Hyatt card hasn't even closed yet.
EDIT.........Looking at statements/first purchase it appears the Business card was opened in early January... WN personal in mid February.... IHG in late April...........Hyatt in mid July...............I have exact dates on a spreadsheet
Last edited by flyer4512; Aug 5, 2020 at 8:50 pm
#220
Join Date: Jul 2018
Posts: 354
If something changed it must have been VERY recent.
I have opened 4 Chase cards in 2020, one Southwest Business ( Pre Covid startup ) and 3 co branded ( WN, IHG , Hyatt) personal cards.
When I get home I can post the exact date I opened each card but the first statement on my Hyatt card hasn't even closed yet.
EDIT.........Looking at statements/first purchase it appears the Business card was opened in early January... WN personal in mid February.... IHG in late April...........Hyatt in mid July...............I have exact dates on a spreadsheet
I have opened 4 Chase cards in 2020, one Southwest Business ( Pre Covid startup ) and 3 co branded ( WN, IHG , Hyatt) personal cards.
When I get home I can post the exact date I opened each card but the first statement on my Hyatt card hasn't even closed yet.
EDIT.........Looking at statements/first purchase it appears the Business card was opened in early January... WN personal in mid February.... IHG in late April...........Hyatt in mid July...............I have exact dates on a spreadsheet
#221
Join Date: Feb 2009
Posts: 6,575
No special status, Fico 8 , income and no debt, ..................but none of that mattered with HARD rules such as 5/24.
Last edited by flyer4512; Aug 7, 2020 at 9:12 am
#222
Join Date: Oct 2013
Location: SFO
Programs: UA 1K, AA EXP, Hyatt Glob, Hilton Diamond, Marriott Plat, Total Wine & More Reserve
Posts: 4,441
#223
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,186
"Was just auto denied for CF for "too many recent requests for credit", even though I'm only at 3/24 and haven't had a HP since May 3rd and May 4th (failed MDD--success on CSR, denied on CSP).
I called recon right away........I explained 3 recent requests for credit (in March) were my mortgage rate shopping and I was hoping they'd look past that. He said they didn't care about those HPs and he rattled off all my Chase applications in the past 2 years (personal plus biz--6 total if you count the CF denial). He said, "you have about 5 too many inquiries for us to approve you".
https://old.reddit.com/r/churning/co...ugust_07_2020/
I called recon right away........I explained 3 recent requests for credit (in March) were my mortgage rate shopping and I was hoping they'd look past that. He said they didn't care about those HPs and he rattled off all my Chase applications in the past 2 years (personal plus biz--6 total if you count the CF denial). He said, "you have about 5 too many inquiries for us to approve you".
https://old.reddit.com/r/churning/co...ugust_07_2020/
#224
Join Date: Apr 2007
Posts: 560
If 5/24 means no more 4 in 24 months then is it more like 3/6 and 4/12 i.e. no more than 2 in 6 months and 3 in 12 months?
Frankly I would sooooo much prefer it be called 4/24 and that way easily understood to be no more than 4. Then the new ones will be 2/6 and 3/12.
Frankly I would sooooo much prefer it be called 4/24 and that way easily understood to be no more than 4. Then the new ones will be 2/6 and 3/12.
#225
Join Date: Apr 2007
Posts: 560
"Was just auto denied for CF for "too many recent requests for credit", even though I'm only at 3/24 and haven't had a HP since May 3rd and May 4th (failed MDD--success on CSR, denied on CSP).
I called recon right away........I explained 3 recent requests for credit (in March) were my mortgage rate shopping and I was hoping they'd look past that. He said they didn't care about those HPs and he rattled off all my Chase applications in the past 2 years (personal plus biz--6 total if you count the CF denial). He said, "you have about 5 too many inquiries for us to approve you".
https://old.reddit.com/r/churning/co...ugust_07_2020/
I called recon right away........I explained 3 recent requests for credit (in March) were my mortgage rate shopping and I was hoping they'd look past that. He said they didn't care about those HPs and he rattled off all my Chase applications in the past 2 years (personal plus biz--6 total if you count the CF denial). He said, "you have about 5 too many inquiries for us to approve you".
https://old.reddit.com/r/churning/co...ugust_07_2020/
Is this now saying one cant have more than 1 Chase Hard Pull in the last 24 months? Which then means no more than 2 Chase approvals in 24 months and we now gotta wait 90 days between 2 Chase apps? Plus on top of the X/6, Y/12 and Z/24 Total Approvals, we now have to worry about α/24 Chase Hard Pulls and β/24 Chase Approvals?
This is just total bazonkers.