My Chase Sapphire Reserve Reconsideration Approval

I’m the proud owner of a shiny new Chase Sapphire Reserve card! Nothing groundbreaking in the post below, but I just got the reconsideration approval, so I thought I’d share my process.

The 1.5 cent cashout option from Chase caught my attention and I decided to upgrade my Sapphire to the Sapphire Reserve. Noticing that I haven’t gotten a Sapphire bonus in more than 48 months, I opted to product change the Sapphire card into a Freedom card (my second Freedom card), and apply fresh for a Sapphire Reserve card with its 50,000 points signup bonus.

For some background, I’m under 5/24, and my Chase cards don’t have much recent use, other than my Chase Amazon card which is used mostly for organic Amazon purchases. Additionally, I am a Sapphire Banking customer, having just completed the $1,000 Sapphire Banking bonus with some cash I have sitting waiting for a specific purpose. Because of these factors, I felt pretty good about my odds of getting the card, despite the fact that many banks are restricting approvals right now to only the most qualified.

(You may remember from my post a few weeks ago: While going for this Sapphire Reserve card, I tested out how long it takes for the Sapphire system to ‘clear you out’ of being a Sapphire cardholder and allow applying for a new Sapphire card. Remember, you can not apply for a Sapphire card when you hold any Sapphire branded card. At the time, I wrote that you might need to wait as long as 30 days, based on what the recon team suggested, but in the end I was able to be approved in less than 30 days. Based on various data points, it seems just a few-day wait is long enough. I’d guess 3 business days is safe, but likely worth waiting a week or two when you can.)

A few days after applying, I got a call from the fraud department to verify my identity with a text. I seemed to remember the verification being a final step in approval (maybe it’s that way with other banks) which gave me some optimism that it was only a matter of time until getting approved. Yet, a few days later, I got an electronic letter from Chase indicating they denied me for the new card, “Too many requests for credit or opened accounts with us.” Bummer.

I do have a few Chase cards, but I haven’t applied for a Chase card in quite some time other than my multiple attempts to apply for this Sapphire Reserve card (see above). Hopeful to get the denial overturned upon appeal, I called into the Chase reconsideration line. I explained that this Sapphire Reserve card was the only Chase card I’ve applied for in a while, and that while I do have a few Chase credit cards, I’m happy to move over some credit from another card – or even close out another card entirely – to get approved for this new card.

The helpful gentleman did some research, verification, asked some questions, etc. He then asked me why I wanted this card given that my existing Chase cards are not getting much use. I explained I’d heard about the new Payback Feature which would allow me to get my groceries rebated, and I was interested in that feature, so I wanted the Sapphire Reserve card, specifically. (As a general rule in life, I find it useful to have an easy, non-detailed answer ready for an anticipated question.)

He then suggested that I move over some credit from the large credit line on another card to which I happily agreed. Yay, approved! He mentioned that the Sapphire Reserve, being a premium card, would get expedited automatically, and I should get it soon.

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RXSAMG
RXSAMG (@guest_1037977)
August 17, 2020 18:22

Off topic question, anyone have issue getting Cash Advance Limit on CSP decreased to $100? I had no problem doing it on my Freedom card but a different rep said would not be able to decrease below the 20% of total CL?

RXSAMG
RXSAMG (@guest_1039342)
August 19, 2020 18:30

A follow up, in case anyone reads my prev message. A secure message to Chase got the Cash Advance limit down to $100 without any problems.

Chris H
Chris H (@guest_1016391)
July 14, 2020 16:47

Somewhat random DP here: I just realized that for ~17 mo. I had a $6.3k (i.e. less than the widely reported $10k SL minimum to open the account) limit on my CSR while I maximized use of the 15mo 0% intro offer on my CFU. Now that’s over, I sent an SM to reallocate (consolidate, to use their terminology) my limits and realized that you can have >$10k limit on a CSR once it’s already opened. For what it’s worth, total exposure across my Chase accounts is >$30k and I don’t bank with them.

triv
triv (@guest_1015673)
July 13, 2020 15:55

 Chuck which number did you call – 888-270-2127? It gives only 2 options for me, one asking for 12-digit reference number, and another one asking for CC number.

Wayne
Wayne (@guest_1014457)
July 11, 2020 13:16

I’m more interested in the scenario where Sapphire bank bonus makes sense as I also have some funds missing the bubble increase right now.

HAC
HAC (@guest_1014453)
July 11, 2020 13:09

Do stores report back purchases of GC’s to chase? I was hoping to cash these points out to GC purchases.

Sherry Brown
Sherry Brown (@guest_1014406)
July 11, 2020 11:24

If I product-switched my Chase Sapphire Preferred to a Chase Freedom (and which one should i do?) then what happens to all my Ultimate Rewards points associated with my CSP account? Would love to just have them transfer to a new Chase Sapphire Reserve once it got opened, but there would be that gap period between downgrading and getting approved for the new card. Can’t afford to lose these points . . .

Parkerthon
Parkerthon (@guest_1014403)
July 11, 2020 11:16

I hadn’t even considered downgrading my sapphire preferred to a freedom and then attempting to apply new for a reserve. I just did a product change and it was painless. Guess I missed out on $750 🙁 but I wasn’t risking it as I have a ton of UR pts I wanted to use while this feature was available.

jpv
jpv (@guest_1014253)
July 11, 2020 02:39

Is it 48 months after you opened the account that you can get another Sapphire?

Or 48 months after bonus hit?

Kerry
Kerry (@guest_1014613)
July 11, 2020 19:30

I may be wrong but I believe it’s when the bonus hits, since that is later than the approval date of the card.

Khan
Khan (@guest_1014023)
July 10, 2020 19:06

under 5/24 why wasting time and wrote all that stuff must be happy and excited that’s why … otherwise its waste of time even reading it

Trixie
Trixie (@guest_1013998)
July 10, 2020 18:39

Anyone know if Walmart grocery purchases count as “grocery stores?”

86
86 (@guest_1014008)
July 10, 2020 18:47

They haven’t in the past for me on the Freedom card, but I don’t know if things have changed in a year.

Trevor
Trevor (@guest_1014189)
July 10, 2020 23:56

On Feb 17th and May 16th, two different supercenter locations counted as grocery for me. The non-super center location that I regularly go to never counts as grocery.

Trixie
Trixie (@guest_1014954)
July 12, 2020 12:23

Thank you!

aubergine
aubergine (@guest_1014442)
July 11, 2020 12:50

depends on the location, some of the neighborhood centers are slightly more likely to code up as grocery rather than as discount store. prowl around reddit and see if your specific location is ever mentioned, or make a small test purchase.