topic Re: Subaru Chase MC After BK! in Credit Cards

Subaru Chase MC After BK!

Karunch — Sat, 19 Jan 2013 02:33:32 GMT

Holy cow! I had been looking at Subaru's website and I saw that there was a Subaru MasterCard offered by Chase, it offers 3% back in Subaru Rewards Dollars up to $500 per year which can be used for a new car, parts, or service at the dealer. There also is no AF. It also offers 0% on BT's & Purchases for the first 6 months. So on a whim I figured that I would apply for it. I honestly did not think that there was a snowball's chance in h*ll that I'd be approved, since I had a CH7 BK that was discharged in 08/2008 and 2 Chase CC's were IIB. But I figured that it wouldn't hurt to try.

After I applied I got a 7-10 message, and I ended up getting a letter saying that because my TU was frozen that they could not review my application. I went and unfroze my TU report and I called back tonight to let them know. The CSR put me on hold for about 3 minutes and came back saying that my application was approved for $3,000!!! Surprisingly he never asked me any questions, didn't ask about my BK, etc. I did log into my Chase online account and the new card is showing up already, and it shows the $3k for the CL and my APR is 16.24%. This is one of my lower CL's but I'm just glad to have my foot in the door with Chase.

I'm just absolutely shocked that I got approved since I thought that Chase blacklisted and weren't BK friendly. I don't know if it makes any difference or not but I do have my auto loan for my Subaru through JP Morgan Chase that has been open since 02/2011. Since my BK discharge my credit has vastly improved (my score is higher now then it ever was before BK), I have not had any late payments, and my income has doubled. Right now my current UTL is 11%.

Re: Subaru Chase MC After BK!

Revelate — Sat, 19 Jan 2013 04:11:23 GMT

Congrats, that is definitely an interesting datapoint.

It could be a mix of both being a co-branded card, and also the relationship you've built. I dropped a broad hint in my recent Freedom recon about Chase being my primary depository institution for the last half year, and when the CSR came back after a bit with an approval, that was one of two datapoints he specifically mentioned as reasons why they changed their decision.

Mainline Chase cards though, Freedom et al, I still think 8 years post BK is sorta a magic number though granted it's YMMV.

Re: Subaru Chase MC After BK!

MovingForward_2012 — Sat, 19 Jan 2013 15:39:55 GMT

I barely got a Freedom 9 yrs, 4 mos after BK. Chase mainline cards are not BK friendly. Congrats OP!

Re: Subaru Chase MC After BK!

BearsAndTurtlesRtheBest — Sun, 20 Jan 2013 00:37:30 GMT

WOW I was roaming around for credit cards, and i also noticed that subaru had a MC. WOW SUBARU OUTBACK IS ON MY SISTERS AND I CHECKLIST WHEN WE TOUCH OUR 20s, and defintely getting that credit card. SUBARU AND LAND ROVER FOR LIFE:) Congrats on approval according to info you provided it can be an esay card to get hmmmm will look into once I can apply for cards under my name. AGAIN CONGRATS!!!

Re: Subaru Chase MC After BK!

LionLaw — Sun, 20 Jan 2013 14:34:19 GMT

This story is very interesting to me, as we are in very similar situations. Though I've never had a BK, Chase did charge off a CC for about $7500, which I eventually paid after it had gone to collection. My scores are roughly the same as yours, and like you, I have a car loan on a Subaru with Chase, which I opened in April of 2012. I tried apping for an Amazon Visa in September and a Freedom in December, and was denied both times because of the CO. Maybe I'll give this Subaru card a try; I'd really like to get back in with Chase, as they seem to have the best Visa/MC offerings around. I have very few inquiries on EX, so it would be worth a try (though for my last app with Chase, for some reason they double pulled EX and TU, and I already have more HPs than I'd like on TU). I've still got some high balances reporting from Christmas, but when those are paid off next month, I should be in good shape. I hope I have as much luck as you did!

Re: Subaru Chase MC After BK!

BearsAndTurtlesRtheBest — Sun, 20 Jan 2013 22:18:58 GMT

^^^^ keep us posted!! will be waiting. ;)

Re: Subaru Chase MC After BK!

Karunch — Sun, 20 Jan 2013 23:41:14 GMT

Good luck to you LionLaw, hopefully you can get approved for a card. Part of the reason that I even tried for the card in the first place was that I was hoping that my car loan through JP Morgan Chase/Subaru would help me. I assume that's part of what helped me get approved, but I can't say for sure since the guy I spoke to didn't mention it.

Re: Subaru Chase MC After BK!

jumpinjax — Fri, 08 Feb 2013 00:29:53 GMT

Karunch wrote:
Holy cow! I had been looking at Subaru's website and I saw that there was a Subaru MasterCard offered by Chase, it offers 3% back in Subaru Rewards Dollars up to $500 per year which can be used for a new car, parts, or service at the dealer. There also is no AF. It also offers 0% on BT's & Purchases for the first 6 months. So on a whim I figured that I would apply for it. I honestly did not think that there was a snowball's chance in h*ll that I'd be approved, since I had a CH7 BK that was discharged in 08/2008 and 2 Chase CC's were IIB. But I figured that it wouldn't hurt to try.

After I applied I got a 7-10 message, and I ended up getting a letter saying that because my TU was frozen that they could not review my application. I went and unfroze my TU report and I called back tonight to let them know. The CSR put me on hold for about 3 minutes and came back saying that my application was approved for $3,000!!! Surprisingly he never asked me any questions, didn't ask about my BK, etc. I did log into my Chase online account and the new card is showing up already, and it shows the $3k for the CL and my APR is 16.24%. This is one of my lower CL's but I'm just glad to have my foot in the door with Chase.

I'm just absolutely shocked that I got approved since I thought that Chase blacklisted and weren't BK friendly. I don't know if it makes any difference or not but I do have my auto loan for my Subaru through JP Morgan Chase that has been open since 02/2011. Since my BK discharge my credit has vastly improved (my score is higher now then it ever was before BK), I have not had any late payments, and my income has doubled. Right now my current UTL is 11%.

Hello OP,

What did you do to these three questions on App? -

Yes, my credit history is clear of bankruptcy.

Yes, my credit history is clear of seriously delinquent accounts.

Yes, I have NOT been denied credit by Chase within the last 6 months.

Just curious..

Re: Subaru Chase MC After BK!

Jkusa — Fri, 08 Feb 2013 00:42:42 GMT

Congrats!!

I've kinda given up on getting another Chase CC as they were included in my BK7 in '08. I do have a checking account with them since its free checking throught my employer.

Re: Subaru Chase MC After BK!

thankfulheart — Fri, 08 Feb 2013 05:15:13 GMT

I didn't know there was a Subie Card! Ruh-roh...I feel the temptation at the garden gate...must wait until my mortgage reports and UTIL drops more. Mama wants a new Subie in a few years when I give my Forester to my girls!

Congrats on the nice CL!

Re: Subaru Chase MC After BK!

visorboy1974 — Fri, 08 Feb 2013 13:53:21 GMT

jumpinjax wrote:
Karunch wrote:
Holy cow! I had been looking at Subaru's website and I saw that there was a Subaru MasterCard offered by Chase, it offers 3% back in Subaru Rewards Dollars up to $500 per year which can be used for a new car, parts, or service at the dealer. There also is no AF. It also offers 0% on BT's & Purchases for the first 6 months. So on a whim I figured that I would apply for it. I honestly did not think that there was a snowball's chance in h*ll that I'd be approved, since I had a CH7 BK that was discharged in 08/2008 and 2 Chase CC's were IIB. But I figured that it wouldn't hurt to try.

After I applied I got a 7-10 message, and I ended up getting a letter saying that because my TU was frozen that they could not review my application. I went and unfroze my TU report and I called back tonight to let them know. The CSR put me on hold for about 3 minutes and came back saying that my application was approved for $3,000!!! Surprisingly he never asked me any questions, didn't ask about my BK, etc. I did log into my Chase online account and the new card is showing up already, and it shows the $3k for the CL and my APR is 16.24%. This is one of my lower CL's but I'm just glad to have my foot in the door with Chase.

I'm just absolutely shocked that I got approved since I thought that Chase blacklisted and weren't BK friendly. I don't know if it makes any difference or not but I do have my auto loan for my Subaru through JP Morgan Chase that has been open since 02/2011. Since my BK discharge my credit has vastly improved (my score is higher now then it ever was before BK), I have not had any late payments, and my income has doubled. Right now my current UTL is 11%.
Hello OP,

What did you do to these three questions on App? -

Yes, my credit history is clear of bankruptcy.

Yes, my credit history is clear of seriously delinquent accounts.

Yes, I have NOT been denied credit by Chase within the last 6 months.

Just curious..

I can chime in here...

When I applied with Chase with a BK, I just left the first box unchecked and checked the other 2. When you leave one of those boxes unchecked, it's typically an auto-decline or they will request further information from the applicant. When I got the letter, I called a recon analyst, she recommended me for approval and I got the card a couple days later.

Re: Subaru Chase MC After BK!

Karunch — Fri, 08 Feb 2013 23:57:12 GMT

jumpinjax wrote:
Yes, my credit history is clear of bankruptcy.
Yes, my credit history is clear of seriously delinquent accounts.
Yes, I have NOT been denied credit by Chase within the last 6 months.
Just curious..

I didn't check the BK and delinquent boxes. I did check the last box, since I hadn't been denied credit by Chase in the last 6 months. While I'm sure that probably would have caused a denial straight off the bat, the reason that I was denied was because the system couldn't pull my CR since it was frozen. I would have had to recon regardless, and thankfully the analyst at the backdoor number approved me.

Re: Subaru Chase MC After BK!

sccredit — Sat, 09 Feb 2013 00:27:32 GMT

I've been debating this since I bought my Impreza.