Reply
Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: App spree fail after signing on new home

Chase is slow. Applied for the Freedom on 12/22. Still waiting. Finished giving final verification yesterday. They said call back for the verdict in 7 days. We are closing on a house in 30-45 days. I really want that card so I can charge some furniture on it after closing and then pay in full the next month when my yearly bonus comes in.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Valued Contributor
creditnocash
Posts: 2,175
Registered: ‎07-23-2012

Re: App spree fail after signing on new home

personally i would have waited until the loan was funded. 

 

did you use your old or new adress on the apps?

Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: App spree fail after signing on new home


MovingForward_2012 wrote:
Chase is slow. Applied for the Freedom on 12/22. Still waiting. Finished giving final verification yesterday. They said call back for the verdict in 7 days. We are closing on a house in 30-45 days. I really want that card so I can charge some furniture on it after closing and then pay in full the next month when my yearly bonus comes in.

Generally speaking, it is not adviseable to apply for a new credit card while you are in the process of trying to get closed on a home.  Not a good choice. 

 

Did you call recon line already?


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: App spree fail after signing on new home


webhopper wrote:

MovingForward_2012 wrote:
Chase is slow. Applied for the Freedom on 12/22. Still waiting. Finished giving final verification yesterday. They said call back for the verdict in 7 days. We are closing on a house in 30-45 days. I really want that card so I can charge some furniture on it after closing and then pay in full the next month when my yearly bonus comes in.

Generally speaking, it is not adviseable to apply for a new credit card while you are in the process of trying to get closed on a home.  Not a good choice. 

 

Did you call recon line already?


Yes, now days the often repull a CR just before closing to see what has been going on.  So be prepared to answer questions from the UW about why you applied and what credit line was granted.  Not sure that the above reason would be the best (may raise issues about your cash flow) so maybe say something like "to get the 5% bonus categories" etc etc.  Or you may not be asked.

Contributor
rkb84
Posts: 80
Registered: ‎09-28-2012

Re: App spree fail after signing on new home

Got my response back from Chase on the phone, 8,000 starting limit.. really surprised actually this is great. Wondering if I should try for one more prime card now, which would be the best choice in this level?

 

Regular Contributor
flashevo
Posts: 114
Registered: ‎07-12-2011

Re: App spree fail after signing on new home

Congrats on the approval.
NFCU Flagship Sig (24.5k); NFCU CashRewards (24.5k); NFCU NavCheck (15k); Chase Sapphire Preferred (15k) ;Chase Marriott Rewards (14k);US Bank Flex Perks (9k); Barclays Rewards (8k); Chase Freedom (14k); BOA Travel Rewards Sig (20k); BOA Privileges with Cash Rewards Sig (9k); Discover IT (6.5k); Walmart Discover (3k); Wells Fargo Platinum (9.5k); Wells Fargo LOC (10k); Bloomingdales Amex (5k); Macy's Amex (5k); Paypal Extras Mastercard (6k); Bananna Republic Visa (5.5k); Lowes (6k); Sams Club Discover (5k)....In the garden since 8/15/13



Regular Contributor
flashevo
Posts: 114
Registered: ‎07-12-2011

Re: App spree fail after signing on new home

Just curious but did you have any baddies on your CR? Only ask since you mentioned you had a cap 1 secured card.
NFCU Flagship Sig (24.5k); NFCU CashRewards (24.5k); NFCU NavCheck (15k); Chase Sapphire Preferred (15k) ;Chase Marriott Rewards (14k);US Bank Flex Perks (9k); Barclays Rewards (8k); Chase Freedom (14k); BOA Travel Rewards Sig (20k); BOA Privileges with Cash Rewards Sig (9k); Discover IT (6.5k); Walmart Discover (3k); Wells Fargo Platinum (9.5k); Wells Fargo LOC (10k); Bloomingdales Amex (5k); Macy's Amex (5k); Paypal Extras Mastercard (6k); Bananna Republic Visa (5.5k); Lowes (6k); Sams Club Discover (5k)....In the garden since 8/15/13



Contributor
rkb84
Posts: 80
Registered: ‎09-28-2012

Re: App spree fail after signing on new home

I have a 5 year old CO for cap1, and a paid off collection (cell phone) for $400 from last year


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+