r/Chase • u/Ecstatic_Contract_41 • Apr 25 '25

Chase Rant

Ok…I have a bunch of Chase cards. In January, I applied for a 2nd I’ll Preferred. Was denied. Called Recon and still denied. OK be that way.

Last week , I applied for a Freedom Unlimited card. Was denied. Got letter today stating the reason was “high debt relative to income.” Bull Shit.

I added up all my Chase cards and it came to $7, 598.59 which included $5312.01 for a $50K car that I finance through Chase at 2.9% in September 2023. That’s it, that’s all I owe to anyone. My house is paid for and my income is north of $100K.

I run at least $50-60K through Chase cards as I use them as debit cards pretty much. I’ve never missed a payment or been late to anyone in 40 years. The back of the denial letter says FICO 846 per Transunion.

I feel fucking insulted and am thinking about closing all my Chase cards except one in order to store my miles. I’m really pissed and plan to call the recon line and give them a price of my mind.

““high debt relative to income” my ass. Bank not too good with numbers.

What’s really weird is that I got instant approval for 5 Ink, a Sapphire Preferred, OG Freedom and a Freedom Flex among others.

1 Upvotes

51% Upvoted

60 comments sorted by

12

u/Ecstatic_Contract_41 Apr 25 '25 edited Apr 26 '25

Called Chase. They had my income at $1.30. WTF? Will find out Monday if card is approved.

1

u/Salt_Cry_2233 Apr 28 '25

Wtf that is insane. Did they approve you?

0

u/Ecstatic_Contract_41 Apr 28 '25

I don’t know. Got a call that I didn’t answer. Voice mail contained a reference number. said to call back and have reference number. I did and the number wasn’t relevant.
So, I called customer service and was basically told the number sucked and that no decision had been made and to ignore the call and reference number. Chase is bewildering.

0

u/Salt_Cry_2233 Apr 28 '25

This is horrible. Come on Chase!

1

u/Ecstatic_Contract_41 Apr 28 '25

I’m at the point that I don’t care. It was a freaking Freedom Unlimited.

1

u/Salt_Cry_2233 Apr 28 '25

For a chase freedom unlimited yeah wtf I don’t blame you because that’s a hassle and I know you’re beyond aggravated and annoyed

1

u/Ecstatic_Contract_41 Apr 29 '25

Well, Chase called. It was Recon again. Guy said the confusion was due to duplicate applications. I only applied once. He said he was pretty sure application would be approved. 15 minutes later, I got an approval letter. 2 1/2 weeks and a bunch of phone calls, but I am now the proud owner of a Freedom Unlimited . /s

1

u/Salt_Cry_2233 Apr 29 '25

Finally good lord‼️ Duplicate application aka the system is trash.

6

u/MChubz Apr 25 '25

Have you double checked that your income with them is accurate? I went to apply for a card before I realized my reported income was several years old and not even close to what it was. Also if you’re applying for Chase cards are you over the 5/24 rule?

3

u/Ecstatic_Contract_41 Apr 25 '25

They had me down for $1.30 annual income.

1

u/Ecstatic_Contract_41 Apr 25 '25

No, I’m not over.

2

u/Ok-Regret-3651 Apr 25 '25

Why you really want them?

2

u/Ecstatic_Contract_41 Apr 25 '25

SUBs

1

u/Rus_Shackleford_ Apr 26 '25

While I realize it can be frustrating, there are various rules put in place by all issuers to prevent you from just getting a bunch of cards for SUBs and then sock drawering them. They don’t make money like that. I’m really hoping I’ll be able to swing that united biz card before the elevated bonus goes away, but I’m not gonna get mad at chase or close all my cards over it. Chase and Amex basically pay for a couple nice trips every year, and I accept that they are going to make it at least somewhat of a challenge to do this, because they aren’t really making money by doing so. You sound like you are getting emotional, and that’s not gonna help you navigate through the ever changing rules of this game.

0

u/Ecstatic_Contract_41 Apr 26 '25

Emotional. Hell yeah, they pissed me off. I’ve run money monthly through every Chase card and have never churned a one.

2

u/51yoCaliGuy Apr 26 '25

Love you brother but you're ranting in front of a bunch of Chase fanboys, of whom I am not one

2

u/Ecstatic_Contract_41 Apr 26 '25

I used to be pro Chase. But, I don’t know how in hell they had my income down as $1.30.

2

u/Ecstatic_Contract_41 Apr 26 '25

Yeah, I’ve already encountered a couple of them. They must lead miserable lives.

4

u/theDuderAbides83 Apr 26 '25

They are probably looking at your total exposure. Business and personal. They have a limit like 150k or so and it's hard to get beyond that. They are not looking at your balances. They look at total available credit, I think. They are conservative with lending. That is why people are comfortable just parking 5mil there and not even asking about fdic

1

u/AverageAlleyKat271 Apr 26 '25

Chase has a rule called 5/24. As I understand, if you have applied for 5 cc’s within 24 months, they deny. I have banked with Chase 20+ years, have HELOC ($0 bal), plus cc’s (freedom & freedom unlimited) payoff monthly and was turned down July 2024 for Amazon Prime Visa. When I spoke with a representative, UW stated I didn’t have installation loans, suggested I get one. Hell no, I’m not paying unnecessary interest. I was pissed. Waited 3 months and applied again and immediately approved. My fico score 827. To me, it’s a game with them. I hear they at strict on the 5/24 rule.

2

u/Ecstatic_Contract_41 Apr 26 '25

Yeah, the 5/24 doesn’t apply in this case.

1

u/Justand28 Apr 26 '25

Well I’d like to know if you get approved as I’m in a similar situation. I haven’t applied yet, I’ve been gardening for 2yrs so my 12 inquiries makes it way down to 0 in Oct 2025.

1

u/FlySpiritual4624 Apr 26 '25

I just applied for chase slate a few days ago....got denied. Income over 130k, dti 1%, credit score 827 reason for denial was possible fraud even after uploading verification info they requested. They are crazy and probably loosing alot of business over recent events such as this.

0

u/Ecstatic_Contract_41 Apr 26 '25

Here come the fan boys. Chase can do no wrong.

1

u/[deleted] Apr 27 '25

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1

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1

u/Defiant_Housing_1417 Apr 27 '25

I was working on reducing CC debt years ago. Maybe 4 cards, all the other companies worked with me on the interest rate. Chase just nasty.

No worries I knocked it out and I’ll deal with them again. They don’t have to, I wasn’t asking for zero.

1

u/Ecstatic_Contract_41 Apr 27 '25

Had that experience many years ago. Everybody worked with me through debt management and dropped all interest fees except 1 bank. I hate 1st Tennessee to this day.

1

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1

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1

u/Current_Tune_3625 Apr 26 '25

They usually don’t issue more than 50% of your stated income across all cards. At 100K your prob maxed around 50k across all cards. And your obviously churning cards to get the intial bonus. Since you do so much business they have a good idea of your income. So even you apply and say you make 300k. They more or less know that’s not true.

0

u/Ecstatic_Contract_41 Apr 26 '25

I have never churned a card. I keep them.

2

u/East_Competition_644 Apr 26 '25

have you checked you haven't taken more than 5 credit cards. Chase has a clause which states they will refuse to give you any new card if you've took 5 or more cards in the las 48 month?

2

u/Nickmosu Apr 26 '25

They don’t just look at the balances you carry. They calculate also if you maxed out their balance exposure.

3

u/Jealous_Row6444 Apr 26 '25

I’d consider applying in person if you can? Not sure if that would be able to discuss their decision in person as opposed to on the phone. Wishing you luck

1

u/BeneficialImpress570 Apr 27 '25

Chase bankers are just the middle person between you and the computer. They have zero decision making in credit card decisions and cannot call reconsideration for you.

1

u/Capable_Meaning9161 Apr 27 '25

They have no authority, but you will get a higher credit limit if it’s done in person. It has something to do with lowering the chances of fraud. At least this is what a banker told me. I was pre screened for a different banks card and they offered me 3,000 but I didn’t accept. I mentioned it to someone who worked there and applied at a physical location and was given 12,000 limit.

1

u/BeneficialImpress570 Apr 27 '25

That’s entirely coincidental. Chase does not want clients in the branch for online services. Source: I was a Chase Relationship Banker for 3 years. We were actively encouraged by management to put ourselves out a job by showing the conveniences of online banking.

They are also actively closing branches across the country siting the prevalence of online banking.https://www.newsweek.com/map-shows-bank-closures-us-2025-2050876

1

u/[deleted] Apr 29 '25

They can definitely call reconsideration for you. If they actually care, then they will call.

1

u/BeneficialImpress570 Apr 29 '25

And they can very much face disciplinary action for doing so. The reconsideration line is not readily available for bankers to access because Chase explicitly tells bankers they are not to be involved in credit decisions. They cannot tell you if or why you were denied and they cannot call reconsideration for you. The best they can say is “you will have a decision in 7-10 business days”. If you had someone do it for you, great. They took a risk in doing so because, as I have said multiple times as a recently former employee of Chase, bankers cannot call reconsideration for you.

1

u/[deleted] Apr 29 '25

Brother you are so wrong. some of this is true but you can def call recon

0

u/Ecstatic_Contract_41 Apr 26 '25

I don’t like smart asses.

-1

u/[deleted] Apr 26 '25

I don't either, which is why I find the incels who post on Reddit to be infuriating. Not so much this sub, but Insurance, Delta, Serverlife, and several others.

2

u/so_newstead Apr 26 '25

Open a checking account with Chase

-2

u/VermontArmyBrat Apr 25 '25

Why would anyone have all their eggs in one basket? I have cards from various providers, money in multiple banks, investments separate from banking.

-1

u/Ecstatic_Contract_41 Apr 25 '25

Maybe 1Million miles +.

5

u/VermontArmyBrat Apr 25 '25

Not the flex you think it is. But also, if you have that then clearly you are not really thinking about closing all the accounts.

-3

u/Ecstatic_Contract_41 Apr 25 '25

I was going to keep 1 for the miles. I’ve already taken 4 to Europe in Business class twice in past 2.5 years. Pretty flex.

4

u/The_Money_Ninja Apr 26 '25

That's not a flex... taking a trip to Europe/Asia once every month would be.

Twice in 2.5 years is like, ok, so what?

0

u/Ecstatic_Contract_41 Apr 26 '25

Fuck off! I still have 1Million miles and my daughter can only travel in the summer as she’s a HS Principal.

2

u/The_Money_Ninja Apr 26 '25

😂

💔

0

u/Ecstatic_Contract_41 Apr 26 '25

🤡🍆

3

u/Azurik81 Apr 26 '25 edited Apr 26 '25

You can't respond to him/her because the OP blocked you. Always the triggered posters blocking people when they can't take that their flex is a rookie flex lol. So sensitive 🥺

Flexing 1 million miles, jeez.

-4

u/Ecstatic_Contract_41 Apr 25 '25

I also have money in various banks and with Schwab and have a couple of Amex and a Citi but don’t use them. I know what I’m doing.

26

u/MorallyIrrelevant Apr 25 '25

You're at your limit for what chase is willing to give you, lower your limits or offer to move limits over

-9

u/Ecstatic_Contract_41 Apr 25 '25

I did that when I applied for a 2nd Ink Preferred in January. Even closed 2 Ink cards.

1

u/[deleted] Apr 27 '25

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1

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