CHASE CC rejection recourse?

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Do I have any recourse with a CC application once it has been rejected?

I applied for a Marriot Rewards Premier card with Chase and was rejected due to "recent inquiries". I have a mid 700s credit score, and only one inquiry (CLI from AMEX) in the last few months, so I was pretty surprised by this.

I also have another card with Chase which I rarely use, so if they had called me I would have offered to close that. The letter did not contain a phone number or any other information about how to contact them.

Has anyone had success in fighting a rejection? I have never been flat out rejected for a CC. If not, how long do I need to wait before reapplying?




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/Soup Nazi voice/ No card for you! Come back ONE YEAR!!


Do I have any recourse when the head cheerleader turned down my request to the prom?

I asked her to be my date to the prom and was rejected because she thinks I've been asking too many people to the prom. I have a mid 700s SAT score and have only asked two of her best friends to the prom in the last few months, so I'm rather surprised by this.

I also have a date to the prom with the head cheerleader's sister, who I don't really like in the first place, so if the head cheerleader said yes, I would've cancelled my date with the sister. When she turned me down, she just walked away abruptly and did not give me her phone number or home address.

Has anyone has success in fighting a rejection? I have never been flat out rejected by a girl before. If not, how long do I need to wait before asking her again?


tazzy531 said: Do I have any recourse when the head cheerleader turned down my request to the prom?

Just wait 10 years. The head cheerleader will be fat and have 3 kids. You will have gone to college, and be earning 6 figures and dating the current head cheerleader of your ex-high school.


Wow, you guys are harsh. I thought people might at least appreciate the data point that Chase is rejecting people for any sort of inquiries.


You need to send them a rambling manifesto, explaining the reasons that you should not have been rejected.


tripleB said: tazzy531 said: Do I have any recourse when the head cheerleader turned down my request to the prom?


Just wait 10 years. The head cheerleader will be fat and have 3 kids. You will have gone to college, and be earning 6 figures and dating the current head cheerleader of your ex-high school.

Awesome! My 10 year reunion is this month!


doctor15 said: Wow, you guys are harsh. I thought people might at least appreciate the data point that Chase is rejecting people for any sort of inquiries.
It Friday, FWF folka having a little fun.

Seriously though, I have been denied CCs citing "recent inquiries" even in the good old days when credit was easily available. Don't take it personally. At least wait long enough for the "recent" inquiries to become not recent.


doctor15 said: Wow, you guys are harsh. I thought people might at least appreciate the data point that Chase is rejecting people for any sort of inquiries.
"Recent inquiries" doesn't mean in the past few months - it means in the two years that show up on your credit report. You didn't even tell us how many inquiries you have, so it's not much of a data point.


doctor15 said: Wow, you guys are harsh. I thought people might at least appreciate the data point that Chase is rejecting people for any sort of inquiries.

Source please?


ThePessimist said:
"Recent inquiries" doesn't mean in the past few months - it means in the two years that show up on your credit report. You didn't even tell us how many inquiries you have, so it's not much of a data point.

Fair enough... In that case I have a crapload, but not nearly as much as you AOR people. I just checked and they pulled Experian which has a total of 20 inquiries reported.


doctor15 said: Wow, you guys are harsh. I thought people might at least appreciate the data point that Chase is rejecting people for any sort of inquiries.Updated data point:
Chase is rejecting people for having a crapload of inquiries.


FYI: That's not new news. Thanks for playing!


doctor15 said: ThePessimist said:
"Recent inquiries" doesn't mean in the past few months - it means in the two years that show up on your credit report. You didn't even tell us how many inquiries you have, so it's not much of a data point.


Fair enough... In that case I have a crapload, but not nearly as much as you AOR people. I just checked and they pulled Experian which has a total of 20 inquiries reported.

20 inquiries on Experian alone? How many AORs have you done?


doctor15 said: I just checked and they pulled Experian which has a total of 20 inquiries reported.

tazzy531 said: ... have only asked two of her best friends to the prom in the last few months ...
Turns out OP has asked the entire team before asking the head cheerleader! The result shouldn't be surprising then.


tazzy531 said: Do I have any recourse when the head cheerleader turned down my request to the prom ... I have a mid 700s SAT score ...

There's your problem. Become a dumb jock and you're set...


Obama4Prez said: tazzy531 said: Do I have any recourse when the head cheerleader turned down my request to the prom ... I have a mid 700s SAT score ...

There's your problem. Become a dumb jock and you're set...

LOL


tazzy531 said: Do I have any recourse when the head cheerleader turned down my request to the prom?

...


Has anyone has success in fighting a rejection? I have never been flat out rejected by a girl before. If not, how long do I need to wait before asking her again?
Buy her a LV bag...

it's called "compensated dating" in Japan.


be happy to NOT have JP Morgan Chase CC.
their CC fees (and management) and the most
dumb you will find in the industry.

they will squeeze every penny our of you.
be happy, and apply anywhere else.


everytime Chase rejects you on a CC app, set one of their branches on fire.


OMG cc companies are rejecting applications even to those with a good credit score!!!

What is this 2008 all over again??

I thought the recession was over!


If you already have a Chase card, why not call and ask them to convert the card to the Marriott card or whatever you're looking for? I'm not sure if Chase is allowing that these days, but it can't hurt to ask. I've had good success with that in the past.


doctor15 said: ThePessimist said:
"Recent inquiries" doesn't mean in the past few months - it means in the two years that show up on your credit report. You didn't even tell us how many inquiries you have, so it's not much of a data point.


Fair enough... In that case I have a crapload, but not nearly as much as you AOR people. I just checked and they pulled Experian which has a total of 20 inquiries reported.

why are you receiving red for answering a question??! particularly one which can help answer your question regarding chase' policy? the red/yellow/green system wasn't intended for snarky nastiness or popularity, was it?

here's a green. by the way, in my opinion, 'recent inquiries' is bogus. it's almost always one of those 'we need to find a reason to deny you to cover the fact we don't have a good reason to deny you personally. it's not you, it's us.' kind of like when HR has to find a reason for why they didn't hire a qualified applicant but did hire the boss' niece. or were planning to hire inhouse from the beginning but were required by law to make the position's availability public.

the advice I've heard has always been to contact an underwriter to make your case in spite of the inquiries... particularly if the majority of the inquiries were over a year ago.


Nonaii said: by the way, in my opinion, 'recent inquiries' is bogus. it's almost always one of those 'we need to find a reason to deny you to cover the fact we don't have a good reason to deny you personally. it's not you, it's us.'
I could see underwriting having very valid reasons to look at recent inquiries. It sucks for us here on FW, but it makes sense for the CC issuers.

If someone has 20 inquiries over the past two years, what does that mean? Most likely it's either (A) they sign up for lots of cards to get sign on rewards, and then barely use them, or (B) they're accumulating a ton of available credit, which puts them at risk for a run up and default scam.

Or, to look at it the other way: if you're a bank, why would you want to issue a card to someone with 20 inquiries? Thinking as a banker, what is the rationale that makes the likely probability worth the risk? 20 inquiries clearly demonstrates a different cardholder profile than their ideal one.


I can think of one possibility why you would want the 20 inquiry customer.

He is a honest guy with poor (but adequate) credit scores who doesn't know enough to guess which cards he could get and keeps applying for different cards in the hope of getting one. However, separating him from the others might be hard. You might recognize him if he had many applications but few cards and he had not applied previously for sub-prime cards. With the right sub-prime card he could be a profitable customer since with no other cards he might use yours heavily and carry a balance at a good rate.

As I have commented in other threads, I have been surprised more banks have not put in potential profitability screens which tell them that a fellow with many cards already (to give one example) is probably not going to use your card much (especially if it is nothing special in reward programs). Likewise for ones with a history of collecting much in opening rewards and 0% balance transfers, but with little earned by the bank in profits. (easy to determine if the bank just programmed their computers right).

I am also surprised none of the credit agencies have introduced a profitability scoring system. You probably could determine from the digits the type of card and with that plus a data based of offers made over the years you could probably calculate the sums they had made from credit cards (you would have to assume their applications were done in a way to get the higher rewards and that they met any later conditions (such as spending so much) or that that took advantage of the balance transfer opportunities (from the balances you could guess at this, but you might have to assume whether the reported balances were from transfer or purchases since reports do not separate them).

A separate product might require the participating bank to report on the actual rewards paid or amounts transferred at 0% as a condition of subscribing. It might then be easy to guess that the applicant who had made %5,000 per year for the last two years in "income" from credit cards, or whose reward payouts averaged 2.9% (even if no one card promised that high a rate on all purchases) would not be a profitable new customer.

Here is a new business idea for someone.


ProfessorEd said: I can think of one possibility why you would want the 20 inquiry customer.

He is a honest guy with poor (but adequate) credit scores who doesn't know enough to guess which cards he could get and keeps applying for different cards in the hope of getting one.
So you are saying that someone not smart enough to realise after five rejections, that there might be some kind of issue is someone highly creditworthy.

That's a pretty warped view.


sechs said: So you are saying that someone not smart enough to realise after five rejections, that there might be some kind of issue is someone highly creditworthy.

That's a pretty warped view.

Some people are just really ignorant. That doesn't necessarily make them a bad credit risk.


DTASFAB said: Some people are just really ignorant. That doesn't necessarily make them a bad credit risk.But it doesn't make them a good credit risk, either.

A few rejections might be considered learning. Twenty is continuing to turn the screwdriver hours after you've stripped the screw.




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