3 Keys to Get Approved for Credit Card Offers From Chase & Other Banks

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3 Keys to Get Approved for Credit Card Offers From Chase & Other Banks

Million Mile Secrets3 Keys to Get Approved for Credit Card Offers From Chase & Other BanksMillion Mile Secrets Team

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Update:   One or more card offers in this post are no longer available.  Check our Hot Deals for the latest offers. 

I previously mentioned that Chase has once again changed their credit card approval policies.  This is meant to discourage folks who apply for cards strictly for the sign-up bonus then cancel right away.

3 Keys To Get Approved For Credit Card Offers From Chase Other Banks
Luckily, There Are Easy Ways to Make Sure You Aren’t on Chase’s Naughty List!

I’ll show you how keep it nice with Chase and other banks!

What Are the New Rules From Chase?

A few months ago Chase changed its credit card approval policy.  And while they didn’t officially announce these changes in writing, many readers were told they wouldn’t be approved for a new Chase card if they had ~5+ applications with ANY bank in the last 24 months.  This rule seems to vary by individual and there are some exceptions.

Then last week, I noticed some new wording in the terms & conditions for Chase Ultimate Rewards points cards:

Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer, may not be eligible for a second Chase credit card in the same Rewards Program.

Chase cardmembers currently receiving promotional pricing, or Chase cardmembers with a history of only using their current or prior Chase card for promotional pricing offers, are not eligible for a second Chase credit card with promotional pricing.

So Chase wants to avoid giving new cards to folks who earn the sign-up bonus and never use the card again.

How to Stay on the Bank’s Good Side to Earn More Miles & Points!

Here are tips to help keep Chase and other banks from labeling you as a bad customer.

1.   Evaluate Your New Card for at Least ~10 Months

Banks offer sign-up bonuses to encourage you to try their cards.  So they don’t like it when you earn the sign-up bonus and cancel the card right away.  This could make the bank decide you aren’t a profitable customer.

3 Keys To Get Approved For Credit Card Offers From Chase Other Banks
Take ~10 Months to Use the Card and Decide If It’s Right for You

I like to evaluate a card for ~10 months to determine if it’s worth paying the annual fee.

2.   Use Your Card

Instead of using your card to meet the minimum spending requirements then sticking it in your sock drawertake advantage of the other benefits!

Many cards come with bonus categories that can help you earn lots of points on your everyday spending.  And there are often other perks like free checked bags, priority boarding, and price protection.

3 Keys To Get Approved For Credit Card Offers From Chase Other Banks
By Using Your New Cards, You’ll Often Find the Benefits Far Outweigh the Cost of the Annual Fee

We all know banks are a business and their main concern is NOT giving us free travel.  (But we’ll take it! 😉 )  They pay for airline & hotel points to give us in the hopes that we’ll use their cards for all sorts of purchases.

Not only do credit card companies make money from interest payments (don’t get in this hobby if you’re unable to pay your bills on-time!), but they also profit each time you use your card at stores by earning a percentage of the sale.

For many folks, it’s a win-win.  Because you’re using the card for purchases you’d make anyway.  And earning points in the process.  Meanwhile, the bank earns their fees each time you swipe the card.

3.   Get a NO Annual Fee Card

Everyone should consider a NO annual fee card because you never have to cancel!  This helps you build a long-term relationship with the bank.

I have a number of annual fee cards as well.  But holding onto most no-annual-fee cards year after year is a no-brainer.  And it can improve your credit score because 15% of your score is determined by your length of credit history.

3 Keys To Get Approved For Credit Card Offers From Chase Other Banks
Building a Good Relationship With the Bank Will Help Ensure You Keep Getting the Best Deals!

Two Cards That Make It Easy to Build a Lasting Relationship With Chase

Link:   Chase Freedom – 10,000 Point Sign-Up Bonus ($100)

Link:   My Review of Chase Freedom

Link:   Chase Ink Business Cash Credit Card – 30,000 Point Sign-Up Bonus ($300)

Link:   My Review of Chase Ink Cash

Both the Chase Freedom and Ink Cash cards come with NO annual fee.  You never have to cancel because it doesn’t cost anything to keep these cards in your wallet.

You can currently earn 10,000 Chase Ultimate Rewards points ($100) when you sign-up for the Chase Freedom card and spend $500 on purchases within the 1st 3 months of opening your account.

And when you sign-up for the Chase Ink Cash small business card and spend $3,000 on purchases within the 1st 3 months, you’ll earn an increased bonus of 30,000 Chase Ultimate Rewards points ($300).

The Chase Ink Cash is a small business card, but you do NOT need a multi-million dollar company to qualify.  Even part-time for-profit activities could get you approved.

Note:  To open a small business card like the Chase Ink Cash, you do NOT need an Employer Identification Number.  If you’re applying as a sole proprietorship, you can use your social security number.

Plus, both of these cards give you excellent reasons to keep using them for your everyday spending!

With the Chase Freedom you’ll get:

  • 5X Chase Ultimate Rewards points (on up to $1,500 in spending) in rotating categories each quarter.  For example, next quarter you can earn the bonus for making purchases at Amazon.
  • 2,500 Chase Ultimate Rewards bonus points (worth $25) for your 1st authorized user who makes a purchase within this same 3-month period

And with the Chase Ink Cash you can take advantage of perks like:

  • 5X Chase Ultimate Rewards points per $1 you spend (5% cash back) on the 1st $25,000 (combined) spent per year at office supply stores and on cell phone, landline, internet, and cable TV services
  • 2X Chase Ultimate Rewards points points per $1 you spend (2% cash back) on the 1st $25,000 (combined) spent per year at gas stations and restaurants
  • Primary auto rental insurance (CDW) when renting for business purposes, plus purchase and extended warranty protection

So you can earn lots of points by using these cards in 5X points categories.  And what I love about Chase Ultimate Rewards points is they are flexible!

If you also have the Chase Ink Bold, Chase Sapphire Preferred, or Chase Ink Plus cards, you can transfer Chase Ultimate Rewards points earned from the Chase Freedom and Chase Ink Cash to travel partners like Hyatt, Southwest, and United Airlines. 

Bottom Line

It’s important to build a positive relationship with banks like Chase, so you can continue earning miles and points with their credit cards.

Chase recently changed their rules to make it more difficult for folks who stop using or cancel their cards after they earn the sign-up bonus.  You can let card issuers know you’re a valuable customer by:

  • Hanging onto a card for at least ~10 months to determine if it’s worth keeping
  • Using the card for more than just the minimum spending
  • Signing-up for a NO annual fee card that will help you build a history with the bank

The Chase Freedom and Chase Ink Cash are excellent cards to use and keep long-term, making Chase more willing to approve you for new cards in the future.

These cards are even better when you have the Chase Sapphire Preferred or Ink Plus.  Because those 2 cards allow you to transfer all your Chase Ultimate Rewards points (even those earned with the Chase Freedom & Ink Cash) to partners like United Airlines and Hyatt for Big Travel!

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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@Max Points

You seem to be contradicting yourself with the advice you gave @Angela. At the beginning you tell her that the new rule for not approving multiple UR cards will probably apply, but then you recommend the Freedom with the CSP. BTW, I am in the same boat her husband is – (2) SW cards and the CSP. I tried to ask Chase to convert the SW Plus to a Freedom (obviously no sign up bonus), but they wouldn’t let me because I hadn’t had the card for a year. They told me I could apply for a net new card, but then you run into the multiple UR rule.

What is the recommended method for applying for lots of cards? I have 3 Chase cards and have had them for over 2 years now with little to no activity for the last year. Should I call to consolidate the credit line from all cards into 1 and then cancel the 2 before applying for new cards that have sign up bonuses?

@Angela-I would not count on being excluded from the rule for Ultimate Rewards cards but the rule does not seem to apply to co-branded cards (such as Hyatt, United, SW, etc.) as of now. It seems that after you qualify for the SW companion pass, you still have thousands of dollar of other expenses you are putting toward your Sapphire Preferred. If most of your spend is earning 1 point per dollar, I would suggest pairing the CSP with the Chase Freedom (no annual fee) to earn more points at 5x per dollar on rotating categories that can be combined with your CSP and transferred to airlines. It looks like you own a business, and if so I would recommend the Chase Ink Cash Business Visa (no annual fee) paired with your CSP as you would earn 5x on telecommunications and office supply stores (including gift cards bought there from Amazon to restaurants and more), 2x on gas and restaurants and 1x everywhere else.

I try to put some regular spend on all credit cards after I get the sign up bonus, even if it is small or smalliesh spend by comparison, if not every month than every other month or so. It’s a great idea to see what other ongoing rewards you can earn from each credit card, but recently I’m so busy that I don’t have time to do that, still I use them all a bit regardless…I look at this as small opportunity costs for long-term rewards via building good relationships with banks (for future rewards/cards).

I do the same thing for my Redbird accounts/cards for that matter; I unload them primary via bill pay but also use them here and there for regular purchases at stores.

If a human at a particular bank looks at your usage history with them as part of a pending approval, it won’t look good to see you just spend a ton up-front to get that sign up bonus an then never use the card.

– NoonRadar.com

@JackC, I converted my INK Plus to the INK Cash and wasn’t eligible for the bonus. I chose converting instead of reapplying as I already had enough spending to meet on other cards.

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