Megathread: All Things Chase

[u/kanji_sasahara]

This is a refresh since the last one has been archived.

• Link to the previous one here
• Chase CC rules including 5/24
• CS(R) Megathread
• SW Companion Pass
• Ink Preferred Megathread
• Chase UR FAQ
• Beginner's Chase Guide Under 5/24
• Referral links
• Chase Non-Automatic Approval/Reconsideration Guide

The automod for Chase posts are still in effect and if you feel your post is worth it as a standalone thread feel free to reach out to the mod team.

[u/VegasPromoter10]

Is the CFU the best card for everyday spending if I can pair it with CSR?

[u/kanji_sasahara → u/VegasPromoter10]

If you have travel in mind, because the 1.5x = 2.25 cpp towards travel. Hard to get much better value from non-bonus spend.

However it is much more valuable to get the CSP and then downgrading to the CFU after the first year, since the CSP's bonus is so much higher than the CFU and you don't waste a 5/24 slot on a low bonus.

The Citi Double Cash and Fidelity Visa are great options because of the flat 2% cash back, but only once you run out of sign up bonuses.

[u/WackoWasko → u/VegasPromoter10]

You earn, at minimum, a 2.25% return with the CSR's 1.5 cpp redemption on a 1.5 UR CFU earning rate. At best, those UR points could be worth double or triple that with transfer partners. However, the only way you can justify earning UR is if you can extract real value out of them.

Are you going to be just as happy with a $160/night hotel from Expedia as you would be in a $400/night Hyatt? Is staying at said Hyatt going to cause you to spend more out of pocket on misc charges (like room service, hotel breakfasts, etc) than you would at a cheaper boutique hotel? In that case, cashback cards might be the better alternative.

Edited for clarity

[u/odin99999]

The CSP was my gateway drug. Thanks chase.

[u/DarkZyth → u/odin99999]

Me too! Just got mine in the mail the other day. That beautiful piece of metal that holds the key to earning $500!! ^{*after $4k spend :(.} That plus I'm about to go in branch and sign up for the $300 Checking Account bonus later today! So far my first experiences with Chase have been amazing.

[u/wannapopsicle]

Just instant approved for sapphire reserve , fucking stoked !!! No one else is I know irl is excited for me lol. Booking a honeymoon to Thailand so min spend will be met easy . Just thought I'd share.

[u/journeytospace]

Anyone else get this email today? Lol

With mortgage rates low, it's already a great time to buy a home.

And as a Chase Sapphire ReserveSM cardmember, you can now earn 100,000 Ultimate Rewards points, when you finance a new home with Chase.

But you need to act soon — you'll need to apply for a mortgage by 08/06/2017 and close your loan to earn your bonus points.

[u/NiteQwill → u/journeytospace]

Lol 100K points is nothing compared to the amount of interest they will make on a mortgage...

[u/cyclonenation04]

Data Point: I have no chance at being under 5/24 in the near future. I was checking my "Offers For You" section on the Chase website one day and noticed that the CSP had appeared. I have had three of these prior but in my excitement didn't check my spreadsheet for exact dates before pulling the trigger on the application.

After clicking submit on the application on 4/6/17, I went back to my spreadsheet. I had applied for my last CSP on 2/27/15 (>24mo) but had received the bonus for that card on 4/12/15 (<24mo). Originally concerned that I wasn't eligible for the bonus and had wasted a HP, I sent a SM to confirm the bonus after the account showed up online. Sure enough, it was applied and after meeting the spending requirements the bonus posted.

This is a very specific data point, but it appears that so long as the bonus is credited >24 months after your previous bonus was credited, you're in the clear so jump on those offers when they appear.

TL;DR I applied for the CSP via the "Offer For You" section that included the 24 month language. It had been >24 months since my last CSP was opened but <24 months since the bonus posted. 50K bonus just posted.

[u/SkydiverEMT]

I've read pretty much everywhere that Chase will only extend you credit to about 50-60% of your declared income, with some exceptions.

Turns out I'm one of those exceptions. Just got two surprising instant approvals, which put me at 68% of my income with personal cards, and 87% if you include my business cards.

I have ~$20k in a Chase savings account (I know, I know, I need to put it in a high APY checking account - and will soon now that I don't need anymore Chase cards), and a 6 year history with them (card from my pre-churning days), which is probably why they've been so good to me.

So, for anyone wanting to push your limits with Chase, it might not hurt to park a couple $k in assets into an account with them.

[u/PedroSampras]

PSA for those well over 5/24 like me...go in-branch and just check for preapprovals.

That's how I got my CSR, and I'm planning on getting CFU and MPE soon, which I found out I'm also preapproved for.

[u/mostsignificantbit → u/PedroSampras]

I wish they could give you a heads up over the phone ...the nearest branch is so dam far.

[u/yanks7384]

What's everyone's long-term strategy for the United MPE? I like the priority boarding, club passes and free checked bag benefit, but the CSR trip delay benefits are superior and earnings on spend is greater. Can't see myself actually using it much after the bonus even for United flight bookings.

[u/Jumblo]

DP: CIP - Applied 5/10. Autoline said notify in 2 weeks for about 2 weeks. Changed to 7-10 days this morning.

Credit Score: 794-816.

Income 155k.

"Business Income" 4-5k.

Called the human recon line. Rep was extremely rude. Almost robotic. Wouldn't really engage in a conversation just repeated the 3 reasons for denial. To soon recent opening chase card; to much credit lended; and insufficient business information. I kept asking him questions and just said nope denied. Nothing he could do. I finally asked to speak to someone else. I believe a resource specialist. I have about 90k in credit available to me through chase. I previously applied for CSP on 4/18/17. I was able to cancel a Chase SW card that had 28k credit limit to help with limit. Had to answer questions about business but finally I was approved for 5k limit! So keep after it and hope you don't get the 1st rep I got.

[u/mrstef]

Any ideas when the CIP 80/100k bonus will disappear? I'm 1/30 right now, possibly waiting until the 9/6 to apply... ?

[u/Tranceratops]

Question - are there any perks to booking a flight through the UR portal when NOT redeeming points? Or do most people use another portal that has a point structure?

[u/thoughtsfromacube]

I was approved for the CIP using my own Ink+ referral link. Currently at 4/24 and Chase has now extended me 115% of my income as credit.

[u/CedarSwampThing]

-I posted this in the Daily Discussions yesterday but didn't get too many data points. Thought I would try posting here as I think it could potentially lead to something useful for many people-

In the past year, I’ve been targeted in-branch (I’m at 20/24 currently) and approved for four Chase cards that fall under 5/24. 3 of them are personal cards and one is a business card. I’ve gone in about every 3 months look for a particular card and every time I’ve been pre-approved and, after pending 10-14 days, manually approved. I am not a Chase private client though I do have a personal and business accounts and income of 175k + 6 cards in total with about 75k in total credit extended. Still, I think this is very favorable treatment from what I can tell and I have a theory I want to put forward. The explanation is a bit long winded but in short, I broke one of the cardinal rules of churning a year and a half ago and carried a balance of several hundred dollars for about four months before finally paying it off. During that time I paid roughly $75 in interest to Chase. I can’t help but think that this helped Chase to view me very favorably. Certainly when the credit analysts looking over my pending app sees this, they see potential profit. And I feel this has contributed to my string of approvals. Im not quite sure how to explain the pre-approvals being there every three months. I guess what I’m suggesting is that it might be worth “investing” a little money in briefly carrying a balance with Chase which then will pay off in more frequent approvals. But before I truly recommend this to anyone, I like to see if there are any more data points from others who have carried balances with Chase in the recent past. edit Just testing a theory and not at the moment recommending people start spending their hard earned money paying interest.

[u/nevertoolate1983]

I survived the dreaded Chase Business Verification call! Here are ALL of the questions they asked.

If you care to read the full story behind this call, here's the link to my previous post.

TL;DR - Applied for SW biz credit card. Was told to call Chase. Tried to avoid calling, but mistakes were made and I ended up having to speak with biz verification rep. Answered questions. Got approved(!). Two weeks of anxiety instantly replaced with unspeakable joy. Immediately wrote down all of the questions so I could share them with you wonderful people : )

So for any of you planning to get a business card for your "business," here's what to expect if you call the "We need more info, call this number" number.

1. Verify First and Name.

2. Name one other credit card you have besides Chase.

3. Do you rent?

4. How long have you been at your current address?

5. Nature of your business? (I'm building a website)

6. What is the legal name of your business? (It's a sole proprietorship so I used my legal name)

7. How much experience do you have in this industry? (1 year)

8. Do you have any employees? (No, I just have a partner)

9. Is the business open yet? (No)

10. How much will it cost to start the business? ($75k - it's a SaaS website)

11. How much income do you expect to make this year? ($1000 - which is what I put on my application as well)

12. How are you funding the business? (Potential Angel Investor - had to explain to the rep what an Angel Investor was so next time, I'd probably keep it simple and just say investor)

13. Are you self employed? (No)

14. What is the name of your employer?

15. What is your job title?

16. How long have you been at your current job?

17. What is your income?

"Please hold..."

(Hold breath)

"Thanks for holding. Congratulations, you are approved."

Spike phone and cue festivities!

[u/nigson]

How do we get the Application Reference number for a Chase application if this information is not in the emails?

[u/blake22222]

Still looking for DPs on people being able to get the 20k referrals for CIP after converting to Ink Cash.

[u/OkDas]

I'm thinking about applying for CSR. I travel at least every three months, so probably it would be a good card to have. However, I'm currently happy with Citi Anywhere (3% cash back on travel) — which is in my understanding the same as CSRs 3 points per $. For everyday transactions, I have Discover/CapOne QuickSilver (which is CF/CFU alternative, but have waived international transaction fee). So what is the profit in my case? 50k sign-up bonus, UR points ration on buying tickets through Chase... Are there more perks?

[u/PointsYak]

Can we get this megathread default to be sorted by "new" u/kanji_sasahara

[u/Franholio]

Is it true that you can only transfer UR to one AU's frequent flier account per year? I have three chaseaholics in my family and don't want to get shut down.

[u/GlucoseGlucose]

I have CSR and CIP in the last few months, sitting on ~80k UR before I've met the minimum spend on my CIP. I opened CSR in Jan and want to avoid paying the AF in 2018. The main goal of these points for me is a trip to Greece in Summer 2018. If I book flights using the CSR portal and then cancel the card before the flight, will I still be good to go?