Applied for Chase Ink Preferred Didn t Make Bonus Can I Apply Again

Chase has some fantastic credit cards.

For a personal card, Chase Sapphire Preferred is strongest (or the Chase Sapphire Reserve if you desire true luxury). You get fourscore,000 Ultimate Rewards points after you lot spend $4,000 in purchases within the outset three months. You as well get 5x points on travel purchased through Hunt Ultimate Rewards, 3x points on other travel, 1x on everything else (plus a $fifty annual Ultimate Rewards Hotel Credit). $95 annual fee.

For my business, I dear the Chase Ink Business Preferred because of its generous rewards structure. If you do any advertising online, you need this credit menu. This reward structure is on top of the 100,000 bonus points subsequently you spend $15,000 on purchases in the first 3 months from account opening in the .

With cards this good, and sign up bonuses this rich, anybody wants these cards.

Only non everyone tin can get them.

If Chase rejects your credit carte du jour application, you tin can take information technology manually reviewed. Sometimes you don't authorize. Sometimes they need more information. Read on to find out if there's a way you can get them to reconsider your application.

Tabular array of Contents

1. How Practice You Know If You're Rejected
2. How to Check Application Status
3. When to Call Hunt Reconsideration
4. What is the Chase Afterthought Line?
5. What to Say on a Afterthought Call
6. More on the Hunt v/24 Dominion
7. Some Boosted Tips

How Do You Know If You're Rejected

Three things can happen afterwards y'all submit your Chase credit card applications:

• You see a bulletin that your application was approved – Congratulations!
• You see a bulletin that your application was denied – sorry 🙁
• You run across a message that your awarding is "under review" and you'll hear dorsum in 30 days.

Chase reviews ever application.

Sometimes approval is about instant. That's when you get the approval message and tin can wait your menu in the post in nearly vii-ten days.

And sometimes the denial is about instant. That's when you'll want to ready yourself for a telephone call.

How to Cheque Application Status

If you lot weren't insta-approved, you can bank check your "awarding condition." The quickest mode is to log into your business relationship. In the carte du jour, there is an application status section.

If you lot prefer the telephone, you tin can call the automated status line by dialing 800-436-7927.

If you lot call, Hunt may straight y'all to speak to a representative. If this concerns you, don't call to cheque. You can check past logging in and that volition never result in a chat. 🙂

When to Telephone call Chase Reconsideration

When I practical for a Southwest Rapid Rewards Premier Business Credit Bill of fare, I was initially put into review. Chase called me to ostend a few business details before they approved my application.

I was never rejected. Existence placed nether review does not mean you lot're denied. It means they need more time and information.

In reality, Chase told me to call them. If anyone calls yous and says they're Chase, immediately hang up and phone call the number on your card. It doesn't matter if the number that shows up matches the customer service number.

Scammers tin "spoof" (fake) that number. You desire to always phone call the number yourself.

If Chase rejects your applications, you tin can telephone call the reconsideration line.

Before you call, here are cases where a call volition NOT Piece of work: (know this before you apply side by side time!)

• Hunt "5/24 Rule" – For Chase credit cards, there'south a 5/24 Rule. They will not corroborate you for a new card if you accept practical for 5 or more new cards in the concluding 24 months. They call up you have too many credit cards!
• Chase "two/thirty Rule" – Chase will only approve up to ii credit cards every rolling thirty mean solar day period. If yous attempt for a third, they will not approve it.
• No Duplicate Carte Dominion – You can't get 2 of the aforementioned card. This applies to certain card types too, like the Chase Sapphire. You tin can't get the Chase Sapphire Preferred and the Reserve, only one.
• 24-Month Sign Up Bonus Dominion – This is a rule regarding sign up bonuses. Yous cannot become a sign up bonus more than than in one case every 24 month menses. If you lot got it within the last 2 years, you will not be eligible to become it again. If you got the bonus over two years ago but all the same have the card, they will reject you until you cancel your active card. If y'all cancel, wait at to the lowest degree lx days before applying once again (we learned this from our Chase Southwest Rapid Rewards card strategy for Companion Pass).
• 48-Month Sign Upwards Bonus Rule – Sadly, some cards have increased their waiting period to 48 months. The Chase Sapphire Preferred Card is one of these cards with a 48 month waiting period, the terms and weather condition state: "The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit bill of fare who received a new cardmember bonus within the final 48 months."

Sadly, there'southward no getting around those rules.

What is the Chase Reconsideration Line?

The Hunt reconsideration phone number line for Personal cards is one-888-270-2127.

They're open Mon to Friday from 8 AM to 10PM and Saturday to Sunday from eight AM – viii PM.

The Chase reconsideration phone number line for Business cards is i-800-453-9719.

They're open Monday to Friday from 1PM to 10PM. No weekends.

If you haven't heard from them and want to talk to someone, y'all tin can call:

• Chase Customer Service: 800-432-3117
• Hunt Application Status: 800-436-7927

What to Say on a Afterthought Call

During a reconsideration call, you lot desire to explicate to the representative why you lot want this new bill of fare and give them a good reason. Perchance you like the benefits of the new bill of fare over your old cards. Maybe y'all signed up because of the partnership with an airline or hotel partner and you use them a lot, you desire to increase your status or are planning a big trip.

They will also verify whatever data you provided on the application, similar income. This is specially true for business cards. They desire to make sure you lot have a legitimate business. Exist prepared to answer questions virtually your business.

Finally, if things don't appear to be going well, you can ask them what you need to do to get approved. They may tell you!

Here are some common strategies for getting approved:

• Move effectually your credit. If you lot take as well high a total credit limit at Chase, they may balk at giving you more than. Ask if you can shift your credit around to the new card.
• Improve your credit score. Perchance your score is on the border of what they'd accept at this time, endeavor these techniques for increasing your credit score and re-apply later. Ask them when you should try back.

More than on the Chase 5/24 Rule

The Chase five/24 is non written down anywhere. People first stumbled on information technology in the terms and weather condition of a Chase card but it was afterward removed. It's unwritten but well known.

The rule applies to personal and business cards. If you have 1 business organization carte and 4 personal cards, Chase will not approve you lot for whatever other Chase cards. They're desire to avoid those applicants who are but collecting bonuses.

The last gotcha is that if yous are an authorized user on a Hunt bill of fare that bill of fare counts towards the five. If you're a spouse or employee and authorized on that card, information technology counts.

The all-time way to find out your count is to expect at your credit report. This will also tell yous when yous opened those accounts for the 24-month rule.

I apply the Waterfall Method for monitoring my credit reports but at that place are some services where you can check your credit scores for free. Those services may list your cards and opening dates, so you don't have to use up one of your free almanac credit written report checks.

Some Additional Tips

If the bonus on a carte du jour goes up within ~90 days, phone call and inquire Chase to bump up your bonus to match the new offer.

They may non do it simply we've read enough of reports of folks who have had skillful success with this. Never hurts to inquire!

Increasing the bonus may increase your spending requirements, to match the newer promotion, just it may hateful more points!

If you desire to get the bill of fare as shortly as possible, cask Chase to overnight the carte du jour. They probably will.

Enjoy the new carte and good luck!

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Jim Wang is a forty-something begetter of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Lord's day, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer science and Economic science from Carnegie Mellon Academy, an M.South. in Information technology - Software Engineering from Carnegie Mellon University, besides as a Masters in Business Assistants from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you lot can use in your daily life.

One of his favorite tools (here's my treasure breast of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each calendar month. They also offer fiscal planning, such equally a Retirement Planning Tool that can tell you if you're on track to retire when you want. Information technology's free.

He is also diversifying his investment portfolio past adding a little fleck of existent manor. But not rental homes, because he doesn't want a second job, information technology's diversified small-scale investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he'south invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed hither are the author's alone, non those of any banking concern or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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Source: https://wallethacks.com/what-to-do-if-you-get-rejected-for-a-chase-credit-card/

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