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Prime/Blacklist Approval Experiment, who's with me?

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SoulMaster
Established Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?

Following Scupra's lead (after I decided I didn't really want the house I was thinking about buying)  I applied for the CSP about a month ago to take advantage of the sweet bonus.

 

App = 7-10 day waiting message

 

Called 888-245-0625 a few hours later for the recon (after verifying with Scupra what # he used) - Explained BK in about 2 seconds and was told she was forwarding with recommendation for approval.

 

Week goes by.... nothing....

 

Another week went by and I called them on the recon line again.  They said they could see that I was recommended for approval, but that were slammed and recons were taking 2-3 weeks.  $5K limit (tying my lowest limit card, which happens to be a Freedom)

 

A couple days later, about 17 days after I applied, it showed up in my Chase online account.  Took another week or so to actually get to me.

 

731 FICO from their letter /pull.

 

Annoyingly slow, but I'm not going to complain because I still get the 55K UR points.

 

Cheers, all!

 

-SM

I am not an attorney and none of what I write should be construed as legal advice. For legal advice please consult an attorney.

Starting Score: ~470 preBK(8/2010)
Current Scores as of Late January 2016 All 700+. Last CR pull from a lender(housing) was mid-score 749.
Goal Score: 700+ - reached.
Message 201 of 278
Scupra
Super Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?

Boooooom! Glad you got approved. I think with the new hours and the new Freedom Unlimited recon is getting slower. My two Chase cards are my lowest as well, but I am not complaining either Smiley Very Happy Congrats SM!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 202 of 278
somotao
Frequent Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?

Congratulations SM.....The CSP card has become my no 1 card 


Starting Score: 500s
Current Score: EQ: 708myFICO(7/15/17), TU: 721myFICO(7/15/17), EX: 701myFICO(7/15/17)
Goal Score: 750

Wallet: Discover IT $50300, Capital One Platinum $17000, Barclays Rewards $6700, Walmart $6000, Amazon Store Card $6000 Chase Sapphire Preferred $5000, Chase Sapphire Reserve $10000, Bank of America Cash Rewards $500. BestBuy $10000
Message 203 of 278
trying583
Established Member

Re: Prime/Blacklist Approval Experiment, who's with me?

Scupra, I have a question for you.  I have been out of bk going on five years and have a load of store cards.  I opened them restart my history and have do well but I don't want them anymore.  I want to start trying for the better cards.  I have the Discover/Quicksilver but I would like the Freedom.  My question is should I start closing all of those cards so that when I recon I can look better to the creditor or just leave them and let them die?  I tried for the Freedom and Amazon Visa but was turned down because of the store cards.

Message 204 of 278
sjt
Senior Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?

I thought I would post a link to a thread about the OP's coversation with someone at Amex about their declined application due to BK. Amex told him they use a Risk Model and the conversation was around how a BK or CO plays into the model. Very insightful. I think other lenders use a similar type model as well.

 

http://ficoforums.myfico.com/t5/Credit-Cards/Amex-Black-List/td-p/4583762

 

 

American Express: Platinum Charge, Optima, Business Gold, Delta Business Reserve, Business Cash, Business Plus
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) FICO as of 5.23, EX: 812 / EQ: 825 / TU: 815
Message 205 of 278
Scupra
Super Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?


@trying583 wrote:

Scupra, I have a question for you.  I have been out of bk going on five years and have a load of store cards.  I opened them restart my history and have do well but I don't want them anymore.  I want to start trying for the better cards.  I have the Discover/Quicksilver but I would like the Freedom.  My question is should I start closing all of those cards so that when I recon I can look better to the creditor or just leave them and let them die?  I tried for the Freedom and Amazon Visa but was turned down because of the store cards.


When you called to recon did they specifically point out the store cards as a reason for denial? If yes, and Chase is a goal of yours then I would definitely close them, wait around 6-12 months and give it another go. At that time you have the ammo you need to put yourself in the best situation for an approval. You can tell them that you really want in with a big name bank like Chase because of their amazing reputation and that last time you applied you were told the store cards were hurting your odds. Tell them things like, "now you can see I have closed the useless accounts and let my other accounts age for 6-12 months before trying again".

 

Be respectful but at the same time stern. Remember that these reps taking recon calls hear it ALL day. Get to the point quick, make sure you sound knowledgeable about your reports and get the elephant in the room out of the way asap. When I call I say, "I just applied online and was turned down for my BK and wanted to request a reconsideration". Sometimes you get the third degree and others will just chit chat with you for a bit. Good luck and keep us updated!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 206 of 278
trying583
Established Member

Re: Prime/Blacklist Approval Experiment, who's with me?

Thank you, Scupra, and I will.

Message 207 of 278
seanny
Valued Member

Re: Prime/Blacklist Approval Experiment, who's with me?

I just scored a Chase FU after recon 4 years and 2 mos after burning them for $3k.  This was my second attempt. Two months after I'm discharged next year, I will apply for the Amex ED.   Thanks to everyone in this thread for sharing your knowledge.  It's because of you that has courage to risk another hp now.  I'm off the the garden for the rest of the year.

Ch13 filed 3/30/2012 discharged 5-4-2017 | FICOs: EQ-08 684 0hps, EX-08 674 2hps, TU-08 668 1hp | AMEX Blue Cash Everyday $15,000 | Barclay Rewards $2,800 | BOA Cash Rewards $5,000 | Chase Freedom Unlimited $2,000 | Discover IT $10,800
Message 208 of 278
somotao
Frequent Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?

This is great news....congratulations...sure is nice to get back In With Chase especially after one had burned them in the past

Starting Score: 500s
Current Score: EQ: 708myFICO(7/15/17), TU: 721myFICO(7/15/17), EX: 701myFICO(7/15/17)
Goal Score: 750

Wallet: Discover IT $50300, Capital One Platinum $17000, Barclays Rewards $6700, Walmart $6000, Amazon Store Card $6000 Chase Sapphire Preferred $5000, Chase Sapphire Reserve $10000, Bank of America Cash Rewards $500. BestBuy $10000
Message 209 of 278
aussiesareforever
Established Contributor

Re: Prime/Blacklist Approval Experiment, who's with me?

That is fantastic news and good information to know. We'll see what Chase cards I might be interested in after the BK falls off. I also included two of their cards in BK!

BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($35,000) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($33,000)

Experian 835 Transunion 828-- August 2018
Message 210 of 278
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