Published on June 1st, 2015 | by William Charles97
Chase Tightening The Clamps On Applicants With Lots Of Recent Inquiries?
Recently a few readers have let me know that they’ve been denied for Chase credit cards, calling reconsideration didn’t help at all and when they received their denial letters the official reason given was “too many recent inquiries/applications for credit”. This Flyertalk thread is also littered with people reporting the same thing.
Interesting Lumpylump76 from reddit.com/r/churning asked people to post their recent experiences with Chase and there was nothing out of the ordinary. Generally people are more likely to comment when things go wrong (e.g they are denied for a card) than when things go right (they are approved). I personally think that the only real thing that has changed with Chase is that they are using too many new inquiries as a reason for denial, often credit card issuers will use something generic such as that rather than giving a super specific reason (e.g too little spend on existing cards) as this would allow people like use to better understand their approval process for our own purposes.
If you’ve applied for a Chase card within the past two or three weeks, let me know in the comments whether you were approved or denied and how many credit card applications you’ve had in the past two years (preferably only counting the inquiries that show on the credit report that Chase pulled for your application).
PhysixFan also has some good information and data points on this (note: foreign language blog in Chinese)