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Frequent Contributor
Kathy4NU
Posts: 279
Registered: ‎07-09-2012

I'm in with Chase

Got approved for the Chase Freedom.

 

Intially, they pulled Trans Union.  My worst report and got the 10 day message.  Called the backdoor number and they said I was denied.  Told the nice guy my TU was messed up and he asked if they could pull another report and than asked which one I prefered.  I told him either EX or EQ.  Both free of all baddies.  He pulled EQ. Put me on hold, came back with questions, put me on hold, came back with questions etc.  Finally approved me for $1000 which matched my only other cc.  I was hoping to be higher but I am ok with it.

 

How is Chase with CLI?  Will it grow with me or will I be at $1000 forever?

 

Not excited what the inquiry will do to my score or my AAoA.  I took an 11 pt hit for apply for USAA and was denied 2 days prior.  

 

This will be my second VisA reporting.  I am hoping this will boost my scores.  My other one is 10 months old.  I also have a VS card reporting for 2 months.  My AAoA is/was 6 years and my oldest account is 20 years (student loans).

 

Enough inquires for me. Buying my house in June and in the garden for a few years.  I don't use credit cards but when trying to get a morgage I found that without a history of cc your credit is nonexistant.  CU adviced me to get 4.  Three were tough enough.

 

myfico EQ prior to inq 731

myfigo Tu prior to inq 708



June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Moderator
09Lexie
Posts: 24,395
Registered: ‎09-13-2012

Re: I'm in with Chase

Congrats on your approval but I would not be applying for any cc's if my goal is to buy a hose in June. Hopefully, it will be fine.
Regular Contributor
omskillet
Posts: 118
Registered: ‎01-04-2012

Re: I'm in with Chase

[ Edited ]

Kathy4NU wrote:

Got approved for the Chase Freedom.

 

Intially, they pulled Trans Union.  My worst report and got the 10 day message.  Called the backdoor number and they said I was denied.  Told the nice guy my TU was messed up and he asked if they could pull another report and than asked which one I prefered.  I told him either EX or EQ.  Both free of all baddies.  He pulled EQ. Put me on hold, came back with questions, put me on hold, came back with questions etc.  Finally approved me for $1000 which matched my only other cc.  I was hoping to be higher but I am ok with it.

 

How is Chase with CLI?  Will it grow with me or will I be at $1000 forever?

 

Not excited what the inquiry will do to my score or my AAoA.  I took an 11 pt hit for apply for USAA and was denied 2 days prior.  

 

This will be my second VisA reporting.  I am hoping this will boost my scores.  My other one is 10 months old.  I also have a VS card reporting for 2 months.  My AAoA is/was 6 years and my oldest account is 20 years (student loans).

 

Enough inquires for me. Buying my house in June and in the garden for a few years.  I don't use credit cards but when trying to get a morgage I found that without a history of cc your credit is nonexistant.  CU adviced me to get 4.  Three were tough enough.

 

myfico EQ prior to inq 731

myfigo Tu prior to inq 708


Congrats...Freedom is a great card. If you give it heavy use Chase will treat you well with regards to your credit limit. 

Community Leader
Senior Contributor
myjourney
Posts: 25,246
Registered: ‎02-07-2013

Re: I'm in with Chase

Congrats 

"Intelligence plus character--that is the goal of true education"
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http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
Frequent Contributor
Kathy4NU
Posts: 279
Registered: ‎07-09-2012

Re: I'm in with Chase


09Lexie wrote:
Congrats on your approval but I would not be applying for any cc's if my goal is to buy a hose in June. Hopefully, it will be fine.


The credit union told me to get 3 more cards.  I used the shopping card trick to get the VS so I had no hard pull.  I did waste a hard pull on USAA.  Now I have the Freedom. I don't think I will look for a 4th card.  I don't feel comfortable getting another card and really have no idea what other card to get. I had thought about a store card but I am not a shopper and would not use it.

 

I am already living in the house I am buying since 2000.  It is financed in my parents name although I have made all the payments.  The loan will be for $90,000 and the house is appraised at $160,000.   Apparently, the loan officer said the UW would want to see how I manage more revolving credit.  I have had my CU visa for 10 months and he upped my limit on that so it would look better.  My credit file is very thin with only 6 items total of which 3 are paid off and closed.   I guess there is a chance that the UW will want to see some more age on the revolving accounts.  If so, I can put off buying the house a few months if need be.  I just want to get in with the low rates before they go back up.  I will be going conventional and putting 5% down.



June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Moderator
09Lexie
Posts: 24,395
Registered: ‎09-13-2012

Re: I'm in with Chase

@Kathy4NU

Seems like you have it all planned. Good luck!
Valued Contributor
RyVision
Posts: 1,346
Registered: ‎04-15-2011

Re: I'm in with Chase


Kathy4NU wrote:

Got approved for the Chase Freedom.

 

Intially, they pulled Trans Union.  My worst report and got the 10 day message.  Called the backdoor number and they said I was denied.  Told the nice guy my TU was messed up and he asked if they could pull another report and than asked which one I prefered.  I told him either EX or EQ.  Both free of all baddies.  He pulled EQ. Put me on hold, came back with questions, put me on hold, came back with questions etc.  Finally approved me for $1000 which matched my only other cc.  I was hoping to be higher but I am ok with it.

 

How is Chase with CLI?  Will it grow with me or will I be at $1000 forever?

 

Not excited what the inquiry will do to my score or my AAoA.  I took an 11 pt hit for apply for USAA and was denied 2 days prior.  

 

This will be my second VisA reporting.  I am hoping this will boost my scores.  My other one is 10 months old.  I also have a VS card reporting for 2 months.  My AAoA is/was 6 years and my oldest account is 20 years (student loans).

 

Enough inquires for me. Buying my house in June and in the garden for a few years.  I don't use credit cards but when trying to get a morgage I found that without a history of cc your credit is nonexistant.  CU adviced me to get 4.  Three were tough enough.

 

myfico EQ prior to inq 731

myfigo Tu prior to inq 708


 

3 should be enough.  Not sure about getting a new card only a few months ahead of a mortgage, but remind the CU that THEY advised you to do so (Make a note of the person's name who told you that advice btw).

 

Freedom is a good card with good cash back and categories.  Us it like a debit card and it will pay you back a bit.   Chase however isn't big on CLIs, so without a HP down the road someday, don't expect an Auto CLI. 

 

Congrats on the card though!  :smileyhappy:   remember to sign up for the cash back categories! 

Frequent Contributor
Kathy4NU
Posts: 279
Registered: ‎07-09-2012

Re: I'm in with Chase

Just received my score watch notifications for the inquiry.  It did not change my score.  Whew, I was worried about that.  My previous inq cost me 11 pts.  I am going to stop trying to figure out FICO.  Now for the card to report.  Hopefully, it will give me a little boost in my score.



June '12: EQ 553 TU 0 EX 545
April '13 Lender Pull EQ 731, EX 692, TU 722 - all FICO

Closed on home May 22, 2013 at 2:00pm!!!
CU Visa $1000, VS $350, Chase Freedom $1000, Discover IT $2500, Home Depot: $2700, Menards $3000, NFM $3500
What's been deleted: 32 collections, 5 PR, 2 tax liens, defaulted student loans
Moderator
09Lexie
Posts: 24,395
Registered: ‎09-13-2012

Re: I'm in with Chase

Valued Contributor
Epcot
Posts: 2,777
Registered: ‎10-10-2012

Re: I'm in with Chase

Congrats on the Freedom approval!

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