Why does Amex love me but Chase doesn't want my business?

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Why does Amex love me but Chase doesn't want my business?

Postby American » Wed May 23, 2012 3:39 pm

I opened an Amex PRG last November, so I was like cool I'll pick up another rewards for travel card come March, and I went for the Sapphire Preferred declined with little no reason why basically too many inquiries/too many new accounts.

In March, I wanted the BCP for groceries and gas, so I applied and got it a day later, and then the British Airways 100,000 mile bonus came up, and I applied. Two weeks later, I received a denial notice from Chase for the same reasons.

In May, I opened a Chase checking account, and I applied for the Freedom to get the 10% and to have a least 1 VISA credit card. I just got "We'll contact you in 10 days," which has always been a denial for me. The same day, I decided to get a SPG Amex because the conversion rate from MR is 3:1, so I applied and I was instapproved...

Plus, American Express just improved my BCP to $6,000 CL, which is the same as the SPG. I have $20,000+ purchasing power on the PRG... They're throwing money at me, and Chase won't even comp me a Freedom card?

I just don't understand. American Express has already sent me an upgrade offer to Platinum. They're issuing me cards left and right. I have a great Credit Score (over 750), and my AAoA is above 6 years. My utilization is below 10%... what gives Chase?
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

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Postby Crashem » Wed May 23, 2012 6:28 pm

Well once you have a positive history with AMEX, I find it becomes easier to get credit from them. As for Chase, have you ever called for recon? Maybe there is something else going on and the recon at least can help you find out. Also, AMEX often pulls Experian while Chase often pulls TU or Equifax. Maybe something different on those three reports. And when you say you have good credit score, are you getting your score from FICO (eg. myfico), or are you just quoting another FAKO.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

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Postby DavidNY » Wed May 23, 2012 6:31 pm

His FICO score would be on the denial letter so I'm guessing he's talking FICO.

Chase isn't the only fish in the pond. I'm sure plenty of creditors would appreciate your business.

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Postby MemberSince99 » Wed May 23, 2012 9:50 pm

Dunno. Only Chase knows.

I do know the feeling. Amex has given me cards too, 3 in less than a month. Citi on the other hand won't touch me with a 10 foot pole. But since I have Amex, I really don't care and don't want Citi.

I think issuers either decide they like you and want your business, or they decide they do not like you and do not want your business. It just kind of seems like that.

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Postby hematino » Thu May 24, 2012 10:56 am

Credit card companies can be weird. I have 11 open cards-- Amex, Chase, Citi, Barclays, Discover, BofA.... they've all approved me instantly so far for any card I've ever asked for (except BofA took a week to decide). But Capital One won't touch me for some reason, and they pull all 3 bureaus (and still keep sending me invitations for Venture!!). I'd rather it be Capital One though if it has to be somebody, because the only card they have that I even want is the SonyCard. My FICO is in the 720s. Oh well.
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Postby bmw1990Z » Thu May 24, 2012 11:57 am

I would just get a citi card for your back up visa. The citi dividend is essentially the same as the chase freedom.
Cards in my wallet:
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-American Express Platinum Delta Skymiles--July 2013

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Postby sfoboy85 » Thu May 24, 2012 12:35 pm

Chase hates me... AMEX had no problem giving me a Platinum a year and half ago, my Credit Union could give me a $5,000 limit Visa Platinum but Chase would not issue me a credit card... and my FICO is almost 750!
Every bank has a different method of how they determine the approval, apparently CHASE's method SUXXX! ;)
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Credit Union Platinum Visa - $5,000

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Postby colnago » Thu May 24, 2012 7:15 pm

Yeah, that's interesting considering I was instantly approved for the Chase Freedom with only a 698 FICO. My AAoA for CCs is actually only a year. Though, I did have a bunch of student loans since 2004 which were always paid on time and have been paid in full. I'm not sure if that makes a difference or not.

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Postby Celestine » Fri May 25, 2012 1:05 am

Have applied for Chase Sapphire Preferred... was not instantly approved. Told I need to wait for the decision on the mail. AmEx approved me for a Gold and upgraded to Platinum. It seems Chase is wary of me for some reason. No late nor missed payments on all of my utility bills, credit cards, charge card, and other bills.
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln

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Postby Celestine » Sat May 26, 2012 1:00 am

I received the letter from the mail - rejected. :(
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln

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