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Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: Applied For Chase Freedom

I would call now, good luck!!



EQ FICO 548 3/3/16
New Member
Posts: 7
Registered: ‎08-16-2012
0

Re: Applied For Chase Freedom

I called Chase and they denied due to high balances.

Established Contributor
Posts: 797
Registered: ‎05-01-2012
0

Re: Applied For Chase Freedom

Sorry helovesyou. Same thing happened to me last month. I called to recon and they were concerned with two cards that I had high balances.  When I got their letter it said "Balances on accounts are too high compared to credit limits" and "The outstanding debt on your creditaccounts is too high" those were the only reasons listed. I think once we get our balances down we should be in!


Starting Score: EX: 575 (PSECU 5/2/12) TU: 582 (3/6/12) EQ: 664 (4/27/12)
Current Score: EX: 699 (PSECU 06/04/14) 702 (my FICO 08/05/14) TU: 699 (08/01/14) EQ: 675 (07/08/14)
Goal Score: 720
20K PSECU 7/12 | 12K USAA 9/12 | 11K BOA 1-2-3 9/12 | 9K Citi HHonors 9/12 | 8.5K Citi AAdvantage 5/08 | 5K Chase Sapphire Pref. 9/12 | 3.8K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
New Member
Posts: 7
Registered: ‎08-16-2012
0

Re: Applied For Chase Freedom

Yeah they told me a couple of my cards had high balances. Looks like we are in the same boat. I'll pay them down and then reapply.

Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Applied For Chase Freedom

That second reason was my initial sole reason of denial. I'd call again. I also have overall util. of more like 10-15%. explain your high balances. I have several cards with like $4-5k limits, but 0 bal. If your overall util is less than 30%, I'd point that out
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
Posts: 797
Registered: ‎05-01-2012
0

Re: Applied For Chase Freedom

I agree with youngandcreditworthy. When I recon'ed I focused so much on the two cards with high balances and didn't point out my overall utilization which was about 28% at the time and the 5 cards that had $0 balances. My mistake. It was only my second attempt at recon ever and the first was a pretty easy one with Barclays.  


Starting Score: EX: 575 (PSECU 5/2/12) TU: 582 (3/6/12) EQ: 664 (4/27/12)
Current Score: EX: 699 (PSECU 06/04/14) 702 (my FICO 08/05/14) TU: 699 (08/01/14) EQ: 675 (07/08/14)
Goal Score: 720
20K PSECU 7/12 | 12K USAA 9/12 | 11K BOA 1-2-3 9/12 | 9K Citi HHonors 9/12 | 8.5K Citi AAdvantage 5/08 | 5K Chase Sapphire Pref. 9/12 | 3.8K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Applied For Chase Freedom

They'll know if you already called too, so don't feel dumb if the analyst points that out lOl
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
Posts: 474
Registered: ‎04-09-2012
0

Re: Applied For Chase Freedom

Definitely call the back door number as soon as possible.  When I call to recon (I've done it with three cards this year), I've done so about an hour after apping and I tell them my name, that I just applied for their card and that I got a message saying my application is pending.  Then I ask the rep if there is any additional information they need from me to to help them make their decision.  At that point, they usually say something about looking over my credit report then ask questions about a couple of items (usually why did I have to file bankruptcy back in 2005 (bunch of medical bills and no health insurance at the time).  I don't have any lates and I don't have any COs.  Then I mention that I have worked very card on my credit since then and I usually get a comment that they agree with me.  Sometimes they ask me to verify how long I have been at my job or residence or what my income is.  Sometimes, they ask why I want the card.  With Freedom, when I reconned, I told them I really liked their cash back feature, especially the 5% categories.  It was the same answer with my Discover More card.  With my Barclays US Air card, I told them I travel a lot (3-5 sometimes more trips a year) and always use US Air as they are the only carrier that flys out of my very small local airport.

 

The only card I have not been successful at reconning is AMEX - I think I am going to have to hold off on that one until the bankruptcy comes off my reports.  My income is fine, my investments are fine, my utilization on all my current cards are 0-5%, I PIF early every month and my credit score is over 700 even with the bankruptcy but it always comes down to that all three times I've applied, even with Zync.  I called the executive office three times with each decline and can't get anyone to budge.

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $6000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Applied For Chase Freedom

Yeah! That actually helped me out A LOT to get my $5k Freedom Visa Siggy!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
Posts: 117
Registered: ‎12-29-2008
0

Re: Applied For Chase Freedom

I just applied today. Called after i got the message and recon'd. They checked EX and brought up 3 CA that they said were open. I told them they were paid, and one is in dispute. And that i also had a chase account and 4 year CC (my longest open one) with them. they then put me on hold and checked my EQ since i mentioned they are paid off on that one. Which is also my higher score. Came back and said he filled out a review and put for it to be approved and to call back in 48 to make sure it processed. 

 

Moral of the story is, like everybody suggested, recon. It helps. 


10/2013=EQ: 708 (reached my goal!! for 2013) EX(amex): 668 TU(Disc):680


8/2016 EQ:695 EX: 663 TU:704


Amex Zync/NPSL | Amex Green/NPSL | AMEX BCP/25k | Chase Freedom/2.2K | Discover IT/6.4K | Citi HHonors Reserve/3K | Chase Hyatt/5k | Sapphire Preffered/13K

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