Page 1 of 1

Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 4:59 pm
by JBTX
Just got word that i was rejected for this card. I called the reconsideration line and they said you can't be reconsidered if you have had more than 4 cards (of any type) in two years - actually they would not say it was four, but she did say even 5 would not have qualified. I've had 6 cards over two years (none of them chase) and that included my frikkin Amazon card. :oops: . My credit score is otherwise very good, something like 790-800 FICO 8.

This signing up for new cards to get bonuses isn't all its cracked up to be.

Re: Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 5:06 pm
by Strayshot
You got caught by Chase's 5/24 rule, no more than 5 new cards in the last 24 months. Check out Barclaycard Aviator and go get some AA miles instead.......

Re: Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 5:48 pm
by JBTX
Strayshot wrote:
Fri Oct 06, 2017 5:06 pm
You got caught by Chase's 5/24 rule, no more than 5 new cards in the last 24 months. Check out Barclaycard Aviator and go get some AA miles instead.......
The lady said even 5 in 24 would have been too many.

This also says 5 is too many.

https://www.doctorofcredit.com/chase-52 ... Card_Limit

Re: Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 9:03 pm
by drk
That's correct. Once you hit five over two years, Chase isn't interested (other than a few co-branded cards). If you have an actual business, though, it's possible to go into a branch and open one of these cards with a Business Relationship Manager. For personal cards, pre-approvals (in-branch or online) also get around the 5/24 rule.

Re: Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 9:20 pm
by Incendiary
Is this to prevent churn and burn?

Re: Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 9:24 pm
by LadyGeek
This thread is now in the Personal Finance (Not Investing) forum (credit card).

Re: Rejected for Chase Ink Business

Posted: Fri Oct 06, 2017 9:30 pm
by THY4373
Incendiary wrote:
Fri Oct 06, 2017 9:20 pm
Is this to prevent churn and burn?
Yes it is one of many anti-churn mechanisms implemented by the banks. In some ways the toughest one though some might argue Amex's once in a lifetime bonus language is tougher.

Re: Rejected for Chase Ink Business

Posted: Sat Oct 07, 2017 8:45 am
by DiMAn0684
There's a workaround for that particular card that allows to get it even if you have more than 5 open cards in the last two years. The workaround requires going into a branch and asking business banker (not all branches have them) to submit a paper application on your behalf. The paper app also has 100k bonus, vs 80k 'online' bonus.