16 People Helped
Member Since: July 2011
Sorry that you got declined. I've read in some reviews that people have called them after being rejected, and they got approved. You might want to tell them that you are interested in Sapphire not Sapphire Prefered. These are two different cards. Sapphire has no annual fee whereas Sapphire Prefered has $95 fee. Also, the score required for Sapphire is slightly lower than Sapphire Prefered. If you know that your credit history is good, and you just don't have high CL on your other cards, try calling and talking to them. Good luck.
bullbreaker's reply was:
Good job son. I'm glad that you have started improving your credit history at this young age and wish you good luck.
You should remember that my case was not one of those cases that card users go above limit or ignore their payments irresponsibly. I hope you understand that such a person will most likely be struggling below 650 score range and will not get up to 770, right?
So, there are times that banks do treat their customers unfairly. I do hope that you will never run into such situations (PAY ON TIME, NEVER GO ABOVE!) but it CAN happen during a ten year history. The sad thing though is that if it happens, Chase increases your rates INDEFINITELY as if you have no choice but to close your account and apply again!
It's good that you are happy with your $500 CL. Don't worry about it. As you build your history, it will go up.
Those who are happy with their online approval and/or their points and cash back earned from this card don't know how Chase will earn money out of them in the long run. I have been with Chase for a decade now and my advice to you is to keep away from them. Before applying for their cards, read your contract carefully. Watch out! There is a line in their contracts that states if you fail ANY of the mentioned criteria including paying your monthly payments on time and not going above your limit, your APR will increase to 29.99% indefinitely. If you think that you are doing well, and these things are not going to happen to you, think again. It is enough that you forget one due date, and they will raise your rate no matter if it never happens again. Their customer service can't do anything about it, and managers will repeatedly tell you that it was not bank's fault, and it was mentioned in the contract that you have accepted. With a CK score of 770, I decided to leave Chase.
bullbreaker's response was:
Thanks for the reply.