Don’t Believe The Rumors About Chase’s Credit Card Application
Brian Kelly, The Points Guy
There’s no violence around a brush that Chase is a aristocrat of credit card offers during a moment.
They are investing heavily to get marketplace share in a credit card marketplace and in sequence to get new customers, they are charity intensely inexhaustible sign-up bonuses.
But for a past integrate years there have been a lot of rumors floating around about a manners of Chase applications, including:
1) You can usually get one card any 6 months
2) You can usually get one card any month
3) You can’t get dual cards in one day
4) You can’t get a sign-up reward twice for a same card
I debunked #1 a prolonged time ago, yet never privately tested 2,3 and 4 adult until recently.
On Mar 6 we was authorized for the Hyatt Visa and on Apr 4th a 60,000 indicate Ink Bold offer comes out (which is now dead, by a way), that was a best we had ever seen for that card so we motionless to apply.
I already have an “old” Ink Bold that we got behind in Nov before they rolled out the new card with a 5x spend categories, that embody bureau supply stores, wire and wireless service, and landline communications.
Even yet it wasn’t a full month given my final approval, we motionless to lift a trigger.
I had also been eying the Freedom card, which also has rotating 5x spend categories and given we am also a Chase checking customer, I’d get a 10% reward and 10 points per transaction.
And given we have the Sapphire Preferred and Ink Bold cards, those Freedom points, that routinely can usually be used as cash-back, can be eliminated to a Ultimate Rewards send partners (United, British Airways, Southwest, Korean, Hyatt, Marriott, Priority Club and Amtrak).
So we motionless to request for a Freedom on a same day as a Ink Bold and we got “pending decision” notices for both applications, that wasn’t surprising.
I motionless to give it a integrate days and afterwards call my pals during a Chase credit reconsideration lines during 1-888-245-0625 (personal cards) and 1-800-453-9719 (business cards).
While we have had good success with a Chase reconsideration line, we don’t particularly like calling them.
The reps are always friendly, yet we do infrequently get a feeling they are judging me for my softly absurd credit card focus habits.
Okay, good they really are judging me given that’s their job, yet we still don’t suffer it.
Anyway, we motionless to start with a Freedom card, given we legitimately have a second business and so we felt my evidence was stronger to get authorized for a Ink Bold.
Upon calling, we was asked because we indispensable a Freedom card and we settled that we was a fan of rewards (understatement of a century) and we wanted to take advantage of a 5x spend categories and we would pierce spend from other card issuers if we got this card.
That seemed sufficient for a repute and she put me on reason for dual minutes. When she came behind she asked if we would be gentle relocating around my credit line from other cards.
I now have a $30,000 line on my British Airways Visa that comes in accessible as we finish adult a $30,000 in spend to get a super valuable Companion Ticket, but we was some-more than gentle holding $10,000 from it and putting that towards a Freedom card.
The repute favourite that thought and authorized me on a mark for a Freedom card. Score.
Next adult was a business reconsideration line and they were accessible as well. While business credit cards lay on your business credit line (they don’t uncover adult on personal credit reports), they do lift your personal credit measure when last your creditworthiness.
Business credit cards are cumulative by your personal line of credit, so if we destroy to compensate they will come after we personally. The repute asked me about my new applications and because we indispensable so most credit with Chase.
I simply explained that we am a tiny business owners and like to maximize my rewards and went by any card and because it creates clarity to me. They indeed seemed tender with my believe and saw that we paid my bills in allege any month in full and that we am also a Chase personal and business checking and automobile loan customer.
I put a poignant volume of spend on Chase cards, so I’m flattering gentle seeking Chase for some favors (approvals) given we give them a lot of my business.
And lo and spy we got authorized for my second Ink Bold card- another 60,000 Ultimate Rewards points in a bank!
So now we feel complete: we will be raking in a points left and right with my lineup of cards:
Freedom: 5x spend categories, that are now grocery stores and film theaters. I’ll also use this for any day purchases to get a 10% and 10 indicate bonus. Current bonus: 10,000 points.
Sapphire Preferred: 2x transport and dining. Current bonus: 40,000 points
New Ink Bold: 5x points on bureau supply stores, wire and wireless service, and landline communications.Current bonus: 50,000 points
Old Ink Bold: 20% reward and bonuses during $25,000, $50,000 and $100,000 in spend
British Airways: 1.25 miles on all spend, and a Travel Together sheet during $30,000. Current bonus: Up to 100,000 Avios.
Hyatt: 3 Hyatt points per dollar spent during Hyatt. Free difficulty 1-4 night per year, that some-more than pays for a $75 annual fee. Current sign-up bonus: 2 giveaway nights (in a apartment for Diamond members and 2 apartment ascent certificates for Platinum members).
