Earlier this week, I wrote about how Chase was making it easier for people to get their business credit cards. However, my experience from last week was totally different. I applied for a personal Chase credit card and got instantly denied. The denial letter that came in the mail obviously spelled out the reason, which was also told to me during my reconsideration call.

Chase Credit Card – Instantly Denied

Before we delve into the details, let’s get the basics out of the way. Like many others in the miles and points game, I have a pristine credit credit profile without any negative remarks or other issues. Also, I applied for the card after falling under 5/24. So what exactly went wrong?

Chase Freedom Unlimited

Just last week, I wrote about the newly relaunched Chase Freedom Flex and Chase Freedom Unlimited Credit cards. These cards offer a slew of new benefits and bonus categories. After a hiatus of almost 7 months, I decided to apply for a Chase credit card. I logged into my account and clicked on the section titled ‘credit cards’. I selected the Chase Freedom Unlimited and entered all the relevant details. To my surprise, my credit card application was denied instantly.

chase credit card denied

I was only asked to enter this information, but it didn’t help me


I picked up the phone and called the reconsideration line in order to check what was going on. The rep mentioned this as the reason, which also showed up in the denial letter by Chase.

Insufficient balance in deposit and investment accounts with us

The Pundit’s Mantra

Since I don’t have a existing banking relationship with Chase, I politely asked the rep whether there was any avenue I could pursue in order to get an approval. He politely told me that there wasn’t much that he could do to help me out. Apparently, it does seem that Chase is putting a restriction requiring customers to have a banking relationship. We don’t know if they’re enforcing it across the board, but it’s definitely something to be mindful of as you gauge your approval odds for one of their cards.

Have you applied for a Chase credit card recently? What has your experience been like? Tell us in the comments section.


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Disclosure: The Points Pundit receives NO compensation from credit card affiliate partnerships. Support the blog by applying for a card through my personal referral links. This article is meant for information purposes only and doesn’t constitute personal finance, health or investment advice. Please consult a licensed professional for advice pertaining to your situation.