I Got DENIED for a Chase Credit Card (How I Got Approved Anyway)

I applied for the IHG Premier Credit Card and was DENIED! However, I ultimately got the decision turned around into an approval by calling the Chase reconsideration line. Here’s what happened! Click “Show More” to see Ad Disclosure, links, and additional information below.

📲 MAXREWARDS - Manage credit cards & rewards!
Get Gold level for free with PROMO CODE = markr
http://markscreditcards.com/maxrewards

💳👉VIEW CREDIT CARD OFFERS!
http://markscreditcards.com/offers

🏦 SOFI CHECKING & SAVINGS – Get $25 FREE (or more w/ direct deposit)
http://markscreditcards.com/sofibanking

🛍 RAKUTEN - Earn Cash Back!
http://markscreditcards.com/rakuten

📈 GET FREE STOCKS FROM WEBULL when you open an account & make a deposit:
http://markscreditcards.com/webull

🔐 AURA – Identity Theft Protection & More!
Get Your 2-Week Free Trial: https://aura.com/markreese

REASONS FOR MY CHASE CREDIT CARD DENIAL…

1. You have too many active accounts or too much available credit (Previously I had 6 Chase credit cards on the personal side)
2. One or more credit cards have a high balance compared to the credit line
3. Insufficient installment loan information
4. One or more recent requests for new credit (Most recent was about 1.5 weeks prior as I was going for 2 Chase credit card approvals in 1 month)

WHICH CREDIT BUREAU DID CHASE USE?
- Chase used Experian for my personal credit card (IHG Rewards Premier Credit Card). However, Chase may pull a different bureau based on location, and they may also pull 2 reports.

WHICH CREDIT SCORING SYSTEM DID CHASE USE?
- Chase used their own “Chase Proprietary Score,” ranging from 250 – 900.

MY CREDIT SCORE
- 764, based on Chase’s Proprietary Score as of 7.22.2022

KEY FACTORS ADVERSELY AFFECTING CREDIT SCORE
1. Number of credit cards with a balance close to the credit line
2. Insufficient installment loan information
3. Number of requests for new credit in the past 3 months (for me this was 4 inquiries in 3 months)
4. Length of time since last request for a new credit (for me this was around 1.5 weeks)

DECISION
- Denied at first, but I was able to get approved for the Chase credit card after speaking with the reconsideration line.

🎬 MORE CREDIT CARD VIDEOS

🔹WATCH ME APPLY – IHG Premier Business Credit Card: https://youtu.be/7kUipHbu418

🔹WATCH ME APPLY – IHG Premier Credit Card (Chase 2/30 Rule): https://youtu.be/mt_gZW2jhew

🔹WATCH ME APPLY – Amex Business Credit Card (Amex Blue Business Cash Card): https://youtu.be/19CE600Z9Xg

🔹WATCH ME APPLY – Chase Ink Business Preferred: https://youtu.be/YOfyZk7QcNA

🔹WATCH ME APPLY – Chase Ink Business Cash: https://youtu.be/Qr0p9c_uQLI

🔹Chase Sapphire Preferred Review 2022: https://youtu.be/xePTy2oUM6A

🔹Amex Gold vs. Chase Sapphire Preferred 2022: https://youtu.be/HolY8a3Jva4

🔹Amex Platinum Card Review 2022: https://youtu.be/IaLBFpQj-eE

🔹7 BEST Amex Platinum Card Benefits 2022 (How to Use Them): https://youtu.be/bz74ofQKM2s

🔹Amex Gold Card Review: https://youtu.be/vRV5CsjGgRo

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#chasecreditcards #creditcarddenied #creditcardapplication