Update: Several more readers have emailed me that they were rejected before opening a Chase checking account and were able to get approved after opening one! Be sure to try this out before the 100K offer ends!
Originally posted on 7/5:
Back in the days before Chase made their 5/24 rule, bankers were able to submit a special reconsideration form if you had a checking account with Chase. Having $10,000 sitting in a Chase checking account meant that you were pretty much always able to get approved for a new card.
Several readers and commenters have been told by Chase that they can’t get approved for a Chase Sapphire Preferred Card as they don’t currently have a Chase checking account.
Having a checking account is certainly not a requirement to get the card as many have been approved without one, but apparently for borderline cases, Chase wants you to also bank with them before they’ll approve you for the card.
If you have been rejected you should first try calling Chase at 888-338-2586 to get approved. But otherwise, try opening a checking account and then call Chase or apply again after funding the checking account and waiting a few days.
Just remember not to abuse the checking account. As I wrote in this post about avoiding getting your accounts shutdown, depositing excessive cash or money orders or having suspicious or excessive wires can cause Chase to close your checking account and all of your credit cards.
Share your results in the comments!