Chase Platinum...No!

Discussion in 'Credit Talk' started by RichGuy, Sep 24, 2001.

  1. RichGuy

    RichGuy Well-Known Member

    Got a letter from Chase over the weekend. Turned down for Platinum MC for ONLY ONE reason--"at least one of the following: lawsuit, judgment, lien, foreclosure, repossession..."

    If that's the only reason, then that means removing the 2 judgments from Trans Union could work wonders. Or if it's just an automatic turndown for the judgments, could other factors kill a subsequent application once the "no-brainer" isn't there any more?
  2. Saar

    Saar Banned

    With Chase - yes.

  3. roni

    roni Well-Known Member

    Most creditors hold copies of your application on file for a period of time, meaning even if you get everything removed, they'll still see that they rejected you for it in the past... including the reason.
  4. supershawn

    supershawn Well-Known Member

    And the best part.....a friend of mine, with NO JOB, and NO INCOME, got a pre-approved Chase Platinum card. He sent it in.....14k LOC. BOING!

    He hasn't worked in 2 years and his reports are not great.....he has been living on credit cards, all are maxed, he pays minimums, and is a slow pay. NO car loans, no mtg (he lives at home). He only has cards and student loans, all slow, reporting.

    Yet, 14k LOC APPROVED! Great BT option too, no % for x months......


  5. RichGuy

    RichGuy Well-Known Member


    I can only imagine what sort of claims your friend made about his income. :)

    Really, that type of thing works much better if one has a job, even a part-time job. That way, one can make the minimum payments without having to take cash advances. Keeps the interest rates lower...

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