Applying for Chase PERSONAL Cards (2020 - 2022)
Jan 25, 2022, 10:23 am
#736
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
I did not find anything to tell us if Capital One backdates AU reports to when the account was opened.
RNE, breathing a sigh of relief.
Jan 27, 2022, 9:05 am
#737
Join Date: Feb 2003
Posts: 8,135
I'm seeing claims in a parallel thread (https://www.flyertalk.com/forum/chas...-3k-spend.html) that the IHG Premier card, and possibly other IHG cards, are not subject to 5/24. Did I miss the memo?
Jan 29, 2022, 1:32 pm
#738
Join Date: May 2011
Location: CMH
Programs: w/+1: AS MVPG; IHG/Marriott Plat; Hilton/BW Diamond; Hertz Prez; SG Silver
Posts: 1,188
My app for the IHG Premier was denied d/t "too many credit cards opened in last two years associated with you." I am at 3/24. I called recon line.,Rrep told me AUs count; moved some CL and was approved.
Jan 31, 2022, 1:24 pm
#739
Join Date: Jan 2012
Location: MKE
Programs: Southwest, IHG, Marriott
Posts: 30
Time between closing a card and reapplying?
Apologies if this has been discussed before, I searched, but couldn't find anything. I guess my question is what is the shortest amount of time you've waited between closing a credit card and then reapplying for that same card?
I have the IHG Premier card and I've been thinking about churning it for another sign up bonus, but the recently announced changes are pushing up my timeline and may possibly make closing the card not an option. I also have the old IGH Select card. I've read that once the changes take place, you can not open a Premier card if you have the Select. At worst, you wouldn't qualify for the sign up bonus. I'm right around the 24 month mark on my Premier card and I don't know if there will be enough time to churn it.
Account opened approximately 2/1/2020
I received the bonus points in my IHG account around 3/15/2020
I'm not sure which date starts the 24 month period, but if I go with the date I received the points, I would have to close my card around March 15th, and I could wait around 5 days and then reapply. However, I've read that it's taking a while for applications to get approved. I would be giving myself about a 10 day period for the card to be approved. I'm not sure it's worth the risk of losing the Premier card. I don't plan on giving up the Select card.
Any input apricated.
Thanks.
I have the IHG Premier card and I've been thinking about churning it for another sign up bonus, but the recently announced changes are pushing up my timeline and may possibly make closing the card not an option. I also have the old IGH Select card. I've read that once the changes take place, you can not open a Premier card if you have the Select. At worst, you wouldn't qualify for the sign up bonus. I'm right around the 24 month mark on my Premier card and I don't know if there will be enough time to churn it.
Account opened approximately 2/1/2020
I received the bonus points in my IHG account around 3/15/2020
I'm not sure which date starts the 24 month period, but if I go with the date I received the points, I would have to close my card around March 15th, and I could wait around 5 days and then reapply. However, I've read that it's taking a while for applications to get approved. I would be giving myself about a 10 day period for the card to be approved. I'm not sure it's worth the risk of losing the Premier card. I don't plan on giving up the Select card.
Any input apricated.
Thanks.
Feb 1, 2022, 6:05 pm
#740
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,576
Is it still inconclusive when the 5/24 exact date is dropped? Any recent DP's applying 1-2 days after 5/24 date?
I usually give it a buffer until the 1st of the following month, but wanting to push it earlier time around.
I usually give it a buffer until the 1st of the following month, but wanting to push it earlier time around.
Feb 2, 2022, 10:38 am
#741
Join Date: Sep 2005
Location: JZRO
Posts: 9,169
Feb 9, 2022, 8:27 am
#742
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,937
I read the terms for applying for the UA Quest card, but want to be absolutely clear that I will get the SUB if approved. If I have never had the Quest card, then I can get the SUB, right?
I currently have the Explorer and last year canceled the Explorer Business. Just want to make sure there is no restriction that I can't have two United cards like there is for the Sapphire versions.
Does anyone know the maximum credit limit in percentage to income?
I currently have the Explorer and last year canceled the Explorer Business. Just want to make sure there is no restriction that I can't have two United cards like there is for the Sapphire versions.
After applying for the UA Explorer card and being denied due to reaching my maximum credit limit with Chase, I called the recon line and asked for 5k of credit to be switched from another card to open the new account. Rep said the decision is pending and I will receive a written notification in 1-2 weeks. Anyone ever had this happen and what was the outcome?
Last edited by mia; Feb 9, 2022 at 10:12 am Reason: Combine consecutive replies.
Feb 9, 2022, 7:41 pm
#743
Join Date: Jun 2017
Location: SEA/NYC/IAD
Programs: UA 1K, Marriott Titanium, Hyatt Explorist
Posts: 1,916
I’ve read various sources on the internet (so obviously take with a grain of salt) that Chase limits total credit limit to approximately 50% of income. From data points I know of personally, it seems to be limited to ~50% of salary rather than total W2 income (e.g. Chase underwriting does not seem to factor in stock compensation, bonuses, etc.).
Feb 9, 2022, 10:30 pm
#744
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,937
Are you asking per-card or from Chase in total?
I’ve read various sources on the internet (so obviously take with a grain of salt) that Chase limits total credit limit to approximately 50% of income. From data points I know of personally, it seems to be limited to ~50% of salary rather than total W2 income (e.g. Chase underwriting does not seem to factor in stock compensation, bonuses, etc.).
I’ve read various sources on the internet (so obviously take with a grain of salt) that Chase limits total credit limit to approximately 50% of income. From data points I know of personally, it seems to be limited to ~50% of salary rather than total W2 income (e.g. Chase underwriting does not seem to factor in stock compensation, bonuses, etc.).
Feb 10, 2022, 10:03 am
#745
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,073
Are you asking per-card or from Chase in total?
I’ve read various sources on the internet (so obviously take with a grain of salt) that Chase limits total credit limit to approximately 50% of income. From data points I know of personally, it seems to be limited to ~50% of salary rather than total W2 income (e.g. Chase underwriting does not seem to factor in stock compensation, bonuses, etc.).
I’ve read various sources on the internet (so obviously take with a grain of salt) that Chase limits total credit limit to approximately 50% of income. From data points I know of personally, it seems to be limited to ~50% of salary rather than total W2 income (e.g. Chase underwriting does not seem to factor in stock compensation, bonuses, etc.).
Last edited by philemer; Feb 10, 2022 at 10:10 am
Feb 10, 2022, 10:17 am
#746
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,937
AFAIK Chase has no way of knowing what your W-2, or 1099, shows or what your total income is. All they know is the figure you put down on the card application. The figure I use includes: my wife's and my social security, pensions, 1099 income and money from withdrawn from our investments.
Feb 10, 2022, 10:18 am
#747
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
I have no knowledge of Chase's practices, but there are vast databases beyond the credit bureaus that are available to help lenders verify this type of information:
SOURCE: https://blog.nolo.com/blog/2020/05/1...g-your-income/
It may be that when the income you claim deviates significantly from the income they can verify the issuer ask for copies of paystubs or other documents.
Some Creditors Use an Employment Database
Another way that lenders and creditors can learn about your current finances is by checking an online database of salary and employment information. One such database is Equifax’s The Work Number, which provides employment data reports. These reports contain information about you from employers, including your:
Another way that lenders and creditors can learn about your current finances is by checking an online database of salary and employment information. One such database is Equifax’s The Work Number, which provides employment data reports. These reports contain information about you from employers, including your:
- current and past employers
- income and deductions
- whether you have insurance
- average hours per pay period
- pay increases (next scheduled and last), and
- if you’re getting workers’ compensation.
It may be that when the income you claim deviates significantly from the income they can verify the issuer ask for copies of paystubs or other documents.
Feb 10, 2022, 10:38 am
#748
Join Date: Feb 2022
Posts: 4
Just did a MDD with CSP and CSR this week. CSP auto approved 2/8, and applied for CSR next morning. Was fully expecting to have to call in and move credit lines around as the $10,000 minimum CL for Visa Infinite would put me over 50% CL to the income I reported on application (the common conception is that 50% is the maximum they will approve for). But to my surprise, instant approval with said $10,000 CL. Currently sitting at like 62% CL to income.
I started a new job in the middle last year so income on W2 is very low, and they never asked for pay stubs. So... not sure what metrics they use. Honor system?
I started a new job in the middle last year so income on W2 is very low, and they never asked for pay stubs. So... not sure what metrics they use. Honor system?
Feb 10, 2022, 4:58 pm
#749
Join Date: Sep 2017
Location: SFO/LAX/SAN/LAS/DFW/JFK/LGA/EWR/MIA
Posts: 1,073
Just did a MDD with CSP and CSR this week. CSP auto approved 2/8, and applied for CSR next morning. Was fully expecting to have to call in and move credit lines around as the $10,000 minimum CL for Visa Infinite would put me over 50% CL to the income I reported on application (the common conception is that 50% is the maximum they will approve for). But to my surprise, instant approval with said $10,000 CL. Currently sitting at like 62% CL to income.
I started a new job in the middle last year so income on W2 is very low, and they never asked for pay stubs. So... not sure what metrics they use. Honor system?
I started a new job in the middle last year so income on W2 is very low, and they never asked for pay stubs. So... not sure what metrics they use. Honor system?
Feb 10, 2022, 5:03 pm
#750
Join Date: Feb 2022
Posts: 4
And yes, I applied for CSR next calendar day after approval, I thought this was standard procedure?