topic Re: Chase (2) Personal Cards in one day? in Credit Cards

Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 19:12:41 GMT

Hello Helpful Forum Members! Thanks for all the other advice through out the forum. My next venture features an App-O-rama of 6 cards... I'm 21 and have 2+ years of credit. What are my chances of getting the Chase Sapphire Prefered and Chase Hyatt on the same day? I have heard that this is possible, but I don't know if it will be for me... Currently I have 6 credit cards, including a Chase Freedom I received back in March of this year. I have a 745 FAKO score... any advice or help would be appreciated I know it's hard as everyone has a different shot of being approved. Thanks in advance!

Re: Chase (2) Personal Cards in one day?

tylaw13 — Tue, 02 Oct 2012 19:15:31 GMT

From what i hear to get a CSP chase likes to see other limits at 5k atleast to show you can handle a 5k CL. I have also heard of people getting the card without having the 5k CL . The reason is because CSP's bottom CL is 5k. I say go for it and if you are denied you will get a letter stating why you were denied so you know what to work on.

Re: Chase (2) Personal Cards in one day?

jd5189 — Tue, 02 Oct 2012 19:15:57 GMT

What is your current CL with the Freedom? If you do app for the two Chase cards, you may max out your total available CL with them and might have to "move" some of your CL to be accepted for all 3 cards.

Re: Chase (2) Personal Cards in one day?

emptypockets — Tue, 02 Oct 2012 19:19:03 GMT

It is possible to get approved for 2 cards in one day, but don't be surprised if one is instant and the other is "deferred" (they give you the 7-10 day letter), and you have to call in and speak to an analyst to be approved. Sometimes they do this for fraud prevention, to make sure you actually meant to apply for 2 cards. Sometimes you may have hit their internal limit (for the amount they are willing to loan you) and you may have to re-allocate one of you credit lines on another card to get an approval.

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 19:19:26 GMT

The Chase Freedom is currently at $3,000 I have not asked for a CLI though. I have two other cards with a $5,000 CL and then an AMEX with $3,000 a Citi with $4,000 and my lovely Capital One at $500.

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 19:42:53 GMT

The Hyatt is also a Visa Signature meaning a $5000 minimum limit. Do you think I should still try? What is their income to CL ratio? Thanks

Re: Chase (2) Personal Cards in one day?

youngandcreditwrthy — Tue, 02 Oct 2012 19:43:45 GMT

Idk how you will get CSP without having a $5k limit... Just call the backdoor num and ask them what the chances are They can be helpful......

Re: Chase (2) Personal Cards in one day?

espnjunkie — Tue, 02 Oct 2012 20:17:55 GMT

nenuco wrote:
The Chase Freedom is currently at $3,000 I have not asked for a CLI though. I have two other cards with a $5,000 CL and then an AMEX with $3,000 a Citi with $4,000 and my lovely Capital One at $500.

Great job on starting out your credit, but do you really need to be applying for more credit right now? You currently have over 20,000.00 in available credit, why app for more now?

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 20:41:55 GMT

Thats true jaja but there are some really good sign-up boneses, more than that I really love Chase and their CS. I will be traveling abroad quite frequently next year so a no foreign transaction fee card would be nice. Furthermore I could transfer my points from Freedom to Ultimate Rewards!

Re: Chase (2) Personal Cards in one day?

espnjunkie — Tue, 02 Oct 2012 20:46:33 GMT

All capital One cards have no forex fees, can always use that one? Signup bonuses do a great job of luring people to apply, but consider how much you will use a card moving into the future...that 95.00 annual fee won't go away haha =P

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 20:58:30 GMT

This is true & good advice, but I really dislike Capital One! I only keep it because of the AA and the $0 AF. I hope I get approved though becuase I do travel and dine so the $95 is worth it. The Hyatt card also is nice as it has an EMV chip, which is much needed in certain parts in Paris. Fees aside do you think if I can get approved? Even if I have to recon... I just don't know as I don't have much credit with them! Thanks

Re: Chase (2) Personal Cards in one day?

LS2982 — Tue, 02 Oct 2012 21:09:09 GMT

nenuco wrote:
This is true & good advice, but I really dislike Capital One! I only keep it because of the AA and the $0 AF. I hope I get approved though becuase I do travel and dine so the $95 is worth it. The Hyatt card also is nice as it has an EMV chip, which is much needed in certain parts in Paris. Fees aside do you think if I can get approved? Even if I have to recon... I just don't know as I don't have much credit with them! Thanks

Have you tried Cap1's exec. office for a CLI??

I think you have a fair chance of being approves, they may want to see more history on your freedom card first.

Re: Chase (2) Personal Cards in one day?

espnjunkie — Tue, 02 Oct 2012 21:11:20 GMT

The way I look at it is the best way to use a rewards card is to charge pretty much everything to it and rack up points. Having multiple rewards cards just tends to dilute how many miles/points you are earning on each of them. Hard to say in terms of approval, I know you generally have to have at least one credit line of 5,000.00 or more to qualify. You seem to have a solid chance, only things working against you might be that you already have quite a bit of credit available to you and a relatively short credit history (don't worry haha, mine is just over one year myself).

The Hyatt card carries a 75.00 Annual fee as well that is not waived and has a minimum credit limit of 5,000.00 too. Chase may or may not be willing to give you another 10,000.00 of credit on top of what you already have...

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 21:13:14 GMT

I have not... I wanted to do that the same day I apply so the inquiries are all in one day. I guess the only thing I can do is apply and cross my fingers lol Thanks for all the advice!

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 21:15:33 GMT

Thanks! I guess I'll have to take my chances in the ring of credit! I appreciate all your help and advice. What credit cards do you have? If you don't mind me asking, since we have similar credit lengths.

Re: Chase (2) Personal Cards in one day?

espnjunkie — Tue, 02 Oct 2012 21:17:48 GMT

Mine are listed in the footnote of my posts

Re: Chase (2) Personal Cards in one day?

nenuco — Tue, 02 Oct 2012 21:19:17 GMT

lol I don't know how I missed that... I'll keep everyone posted. Wish me luck :)

Re: Chase (2) Personal Cards in one day?

gettnthere — Tue, 02 Oct 2012 21:31:45 GMT

GOODLUCK!!:smileywink:

nenuco wrote:
lol I don't know how I missed that... I'll keep everyone posted. Wish me luck :)

Re: Chase (2) Personal Cards in one day?

LS2982 — Tue, 02 Oct 2012 22:09:39 GMT

nenuco wrote:
lol I don't know how I missed that... I'll keep everyone posted. Wish me luck :)

Fingers crossed for you!!!

Re: Chase (2) Personal Cards in one day?

CreditScholar — Wed, 03 Oct 2012 02:35:32 GMT

nenuco wrote:
The Chase Freedom is currently at $3,000 I have not asked for a CLI though. I have two other cards with a $5,000 CL and then an AMEX with $3,000 a Citi with $4,000 and my lovely Capital One at $500.

With only a 3k limit on the Freedom, I can see you possibly being approved for one but not both. Your age (and likely corresponding income), in addition to your lack of high limit cards and low AAoA will all work against you. You already have a lot of credit as it is. I can't realistically see Chase extending another 10k to you.