Chase has a Special Consideration form to help approve the credit card applications of clients who have $10,000+ in deposits with Chase. Your banker can submit the form on your behalf to make a case for your approval with the goal of maintaining your relationship with Chase.
As reported previously, Chase discontinued the Special Consideration form.
A friend discussed this with their Chase banker who confirmed that the personal version was discontinued, yet she let us know that this form is still valid on business cards. This was also confirmed independently by Frequentmiler.
Also noted in the Chase literature (quoted below)Â is that the $10k can be combined between business and personal deposits.
Here’s what the form looks like:
And here are the Chase instructions on when the banker should use the form:
When to use it:
- A Business client with more than $10,000 in combined business and/or personal deposits is applying for a business card and you would like the relationship to be taken into consideration during the credit review process.
- A Business client with more than $10,000 in combined business and/or personal deposits has been declined for a business card or a line increase and you would like the application to be reconsidered based on the client’s relationship. The client must sign the Special Consideration form if more than 30 days has passed since the original credit decision to authorize Card Services to pull another credit bureau report. If it has been more than 60 days since the original application was submitted a new application must be submitted.
Don’t Use this Form to Request:
- Account Maintenance
- A rate change or fee waiver on an account
- A new credit line increase for an existing account
- Consideration for an Authorizing Officer who does not have a SSN
Directions:
- Complete all fields – incomplete forms will be returned
- List all ECI numbers which may be associated with the applicant
- Fax completed form to: 1-800-955-8050
- Card Services will contact the Banker within 3 business days if declined
This form does not seem to bypass 5/24, unfortunately, but it can help for those who are still pre-5/24.
I’m going to try to get a CSR and an INK+ on the same day. I currently only have a Business checking account, and 2 personal consumer credit cards with Chase. I am going to try to get the pre-qual offers to circumvent 5/24. Basically if I don’t get insta-approved for the INK+, I will throw 10k in the biz account real quick and then have them fill out this form. Is that correct? Any tips on going for the CSR and INK on the same day?
Yup, that sounds like a good plan. In terms of doing both on same day, the hard inquiry won’t be combined. Ask for pre-approvals first on CSR, if you’re not approved I wouldn’t bother for either card if you’re over 5/24.
I was rejected for CSR on Monday due to 5+/24, but then I was able to join CPC the next day (yesterday). I mentioned my rejection and the CPC banker said he would call Chase for “special consideration”. Since this is discontinued, am I out of luck? Or do you think new CPC members have their own rules for reconsideration? This was at the end of the day so he said he would do it on Thursday when he comes back. I haven’t read any reports of someone joining CPC after being declined.
This is separate to CPC, hopefully they can push it through.
Dave, check this out https://www.doctorofcredit.com/using-chase-private-client-status-get-approved-credit-cards/
Hey doc, do you know how long will the CSR 100k promo last? Is it gonna be the standard signup bonus like CSP 50k?
No idea, Chuck speculated here: https://www.doctorofcredit.com/long-will-sapphire-reserve-100000-bonus-last/