Chase Reconsideration

[mochjas]

Hi all -

Here goes my experience with the Chase recon team, but first a little background is called for. I'm relatively new to the game, only have two cards (BofA CashRewards ($1500) and AMEX Delta ($2000). The BofA card is 8 months old and the AMEX 5 months old. My credit score based on CreditKarma and FICO score from BofA is around 710-715. I applied for the Chase Sapphire Reserve (and Chase Sapphire Preferred at the same time) and received "This application is being reviewed. You will be notified in writing, within 7 to 10 business days, of our decision", essentially a decline. I called recon line the next day and was told that my credit history is too short and that I cannot be approved for that card. I called again today, spoke to a somewhat hostile agent, and was told the same thing.

Is there any hope for approval? What is considered a sufficient credit history length? Seems I have no choice but to wait and apply again but wouldn't want to wait too long nor apply again too soon. Any advice on how to proceed, what to apply for in the interim or how long to wait would be appreciated.

Thanks!

what are your ratios?

[YidelS]

Just signed up for CSR and got the message to wait 7-10 days, have a score over 720 and don't own a CC, should I wait to get the denial or should I call already now recon or is it a waste of time?

[beirush228]

How does this work?

for the chase reserve never. For 5/ 24 months I have one in March and and April of 2015

[jsk173]

She has no CR.

She must at least have CR(s), or else Chase is highly unlikely to have approved a $5,000 CL without so much as an ID request.

[jsk173]

Hi all -

Here goes my experience with the Chase recon team, but first a little background is called for. I'm relatively new to the game, only have two cards (BofA CashRewards ($1500) and AMEX Delta ($2000). The BofA card is 8 months old and the AMEX 5 months old. My credit score based on CreditKarma and FICO score from BofA is around 710-715. I applied for the Chase Sapphire Reserve (and Chase Sapphire Preferred at the same time) and received "This application is being reviewed. You will be notified in writing, within 7 to 10 business days, of our decision", essentially a decline. I called recon line the next day and was told that my credit history is too short and that I cannot be approved for that card. I called again today, spoke to a somewhat hostile agent, and was told the same thing.

Is there any hope for approval? What is considered a sufficient credit history length? Seems I have no choice but to wait and apply again but wouldn't want to wait too long nor apply again too soon. Any advice on how to proceed, what to apply for in the interim or how long to wait would be appreciated.

Thanks!

You were too aggressive. The minimum credit limit for the CSP is $5,000 and the CSR is $10,000. With such a short credit history and no card higher than $2,000, you'd be lucky to get Chase to approve one card at $5,000.

[YankelTodres]

what are your ratios?

Apologise for the ignorance but what are ratios?

[YankelTodres]

You were too aggressive. The minimum credit limit for the CSP is $5,000 and the CSR is $10,000. With such a short credit history and no card higher than $2,000, you'd be lucky to get Chase to approve one card at $5,000.

I hear you. Both calls the CSR was the only card discussed. On the first call they asked which application I was calling regarding, on the second call no mention.

Worth calling and discussing the CSP only, any chance there?

[jsk173]

Apologise for the ignorance but what are ratios?

Debt-to-income and percentage of credit limits used.

[jsk173]

I hear you. Both calls the CSR was the only card discussed. On the first call they asked which application I was calling regarding, on the second call no mention.

Worth calling and discussing the CSP only, any chance there?

I'd definitely focus on the CSP, and you might not get that one. Chase can be very tough on people who have less than 12 months of credit history and/or no existing credit limit higher than $5,000.

Your Amex Delta is old enough to request a credit limit increase and it will only be a soft pull; maybe try for a higher limit there (online, in account management) and then, if approved, you'll be in better shape if you have to try again with Chase a few months from now.

[YankelTodres]

I have no (other) debt, only credit lines are those two credit cards. Percentage of credit used 3-5%. I allow my card to close with a small amount on them but in theory could bring it down to 0-1%.

[lechatchileh ariber]

I applied for the CSR and freedom unlimited. When I call the app status line it tells me that one is approved and one is still being reviewed 7-10 business days.
I am over 5/24.
How can I find out which was approved (without calling)?

[shulem92]

I applied for the CSR and freedom unlimited. When I call the app status line it tells me that one is approved and one is still being reviewed 7-10 business days.
I am over 5/24.
How can I find out which was approved (without calling)?

Check online it should be added to your account. Ur over 5/24 legit, and u got approved?

[lechatchileh ariber]

Check online it should be added to your account. Ur over 5/24 legit, and u got approved?

I've been checking the whole day, don't see any new account-unless I should try looking somewhere else ( been looking on mobile app and chrome desktop)
I had 5/24, last week added 5 Amex so technically was at 10/24.

[shulem92]

I've been checking the whole day, don't see any new account-unless I should try looking somewhere else ( been looking on mobile app and chrome desktop)
I had 5/24, last week added 5 Amex so technically was at 10/24.

5/24 without AU's or with?

[lechatchileh ariber]

5/24 without AU's or with?

Without

[lechatchileh ariber]

I applied for the CSR and freedom unlimited. When I call the app status line it tells me that one is approved and one is still being reviewed 7-10 business days.
I am over 5/24.
How can I find out which was approved (without calling)?

Finally updated, was the CSR! (I think I forgot to mention that I'm segmented CPC(that means my father has CPC, though I don't)
What's the chances of my fu getting approved?

[YidelS]

Just signed up for CSR and got the message to wait 7-10 days, have a score over 720 and don't own a CC, should I wait to get the denial or should I call already now recon or is it a waste of time?

[PETERP]

Thinking of applying for DW. She has 12 and 24 any chance I will get lucky with the reserve
 Card. She has three Chase cards with 40 K credit limit already

[as2]

Thinking of applying for DW. She has 12 and 24 any chance I will get lucky with the reserve
 Card. She has three Chase cards with 40 K credit limit already

Don't count on it.

[PETERP]

Don't count on it.

Won't waste the pull then . it's tough enough to get her
on the phone with recon