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) 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.
