@TheFate wrote:
@ezdoesit wrote:
Also another thing to keep in mind, It's highly believed that jumping into a card with a lower score you're placed in a different bracket as opposed to someone who is approved with a higher score. If you're approved at a high rate, low limit I dont care how many CLI's you get you'll never reach someone's rates and limits that had a better score to begin with
I wouldn't say never. With Amex you have a chance but since Chase is notoriously slow at giving CLIs that why people think it is better app for another card. I don't know if the OP usually carries a balance but with that 22.99% that they offered you it usually tells you what Chase thinks about your credit report right now.
I stand by what I said.
If we both get approved for the chase freedom and your approval was for 1k with 22.9% and mine was 5k with 12.9% as long as were both consistant with requsting CLI and keeping up with our payment history you'll never reach me unless of course we reach a max CL. But i'll be enjoying my UTI space and rates while you steady try to play catch up.
That's why I strongly believe its best to wait and not rush into your apping just because you pre qualify. Its fish bait, you apply when you're ready not because they threw the bait out.
If you are using the Chase Freedom as an example maybe. You might stand by what you said but it doesn't make it right, you are saying never.
So person A: Has ok credit 1k limit 22.99 Annual Income 40k
person B: Has great credit 10k limit 13.99 Annual income 100k
Fast forward 3 yrs A: Has excellent credit Annual Income 250K and a CPC relationship with chase
B: Has excellent credit Annual Income 1115k
Your saying person A could never have a higher cl than B? And also the interest is only important if you carry a balance.
While these scenarios would seem unlikely it still could happen and who would Chase be more app to extend more credit to? That why I would never say never when it involves what a CCC might do.
