Credit Cards

[scottwagnon]

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nolongeraneqaddict wrote:

/best southpark banker accent

"And hes gone!" 

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LOL. that hit the spot for me!

[zyzzus]

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Revelate wrote:

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wonderandawe wrote:

Will I have a chance to be approved for  Chase Freedom with only one Credit Card with a year of history?  

I haven't apply for any other cards, since I've been waiting for inqueries/collections to fall off.  My $1000 Capital One Platiumn will be a year old in May.  Do I have any hope?

Credit Score 650-670

3 Student Loans with 100% on time history since 2008

2 Paid Collections under $100 (One from 2008 and one from 2010 - GW letters have been sent monthly)

I'll be opening a chase checking account after I move at the end of the month.

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That's right around the minimum (you SL's are above the minimum as far as credit file thickness is concerned) where we've had a slew of approvals in the last 8 months, but if your utilization is good on the C1 when it reports it's 12th statement, you may need to recon, but I think it's a reasonable approval chance post-recon.  Stress that you were working to improve your credit and that you have a year of positive history if the collections come up, should be fine.

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Agree.

I think you have a very good shake at a recon. I remember being told at one point and time that we like to see 6 months of CC history (which you have)  If you are not auto-approved I would DEFINITELY recon!

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myjourney wrote:

What are the chances of being approved for 2 cc @ the same time? ink bold and freedom . Thanks

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Its difficult for me to answer this as I am not privvy to lending guidelines.

In my experience we are recon friendly if onoe can make a case for why actions are made (i assume personal/business spending).  Chase would love to have alll of you business so why not approve you for both....  Again I'll stress I don't know guidelines;

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android01 wrote:

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zyzzus wrote:

dodgeball wrote:

Does Chase use the vantage scoring model because my score was exactly the same as my Vantage score I googled it also and it says chase uses the Vantage score model

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It is my understanding we aren't a FICO based lender and I read that as not a CS in particular.  I will get back to you on that good question.

Thanks for confirming this.  I've heard for quite a while that Chase makes it's lending decisions (for CC's at least) on the Vantage score.  It would be interesting to know if they use this model for ALL lending decisions. 

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I was just told that "Chase does not use the Vantage scoring model, we just go through the three major credit creporting agencies". 

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creditnocash wrote:

What are the chances chase will approve a cli from 1k to 5k? im planning on doing this in jan. I will have no inquiries under a year and a half, one non store card reporting at 5k over a year. scores should be in 710-730's aaoa would be about a year and a half as well. income is about 32k +- with bonus not included. 

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I am sorry to be vague on answers like this but its so hard for me to ask questions to lending that are very specific when I do not have an account to reference.  Even if I did they are normally dodgy on answering me on things related to approvals as they cannot disclose to me lending guidelines.  In my own personal work experience I have not had very many customers ask for CLI as it does prompt for hp. 

How long have you had the card?  1k to 5K is a fairly large jump.  How much are you running through the card?  I will try to get some general information from lending regarding cli and what things are factored. 

I need to find a friend in that departmetn.

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scottwagnon wrote:

does chase pratice honorable employee ethics; in other words, does chase treat its CSP's with respect and not bully them? Forgive my ignorance.  I understand what the word bully means but I do not under how/why a company would bully a CC customer; and, if they would to do what?i would hope to believe that this may be the only megabank that is not toxic. i believe bank of america and perhaps citibank to be toxic. i am hoping you can convince me that chase is not toxic.

also why is it impossible to get a cli without a hard pull. it is like the only card i have that has no online access to a cli increase.

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I have addressed CLI with a hp a few times.  From what I understand sp clis are automatic, customer cli is hp.  I do not have a definitive answer as to why this is the way it is.

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scottwagnon wrote:

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nolongeraneqaddict wrote:

/best southpark banker accent

"And hes gone!" 

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LOL. that hit the spot for me!

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I'm still here!

[myjourney]

@ zyzzus

Correct 1 business 1 personal thanks for the reply

In my experience we are recon friendly if onoe can make a case for why actions are made (i assume personal/business spending).  Chase would love to have alll of you business so why not approve you for both....  Again I'll stress I don't know guidelines;

[zyzzus]

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myjourney wrote:

@ zyzzus

Correct 1 business 1 personal thanks for the reply

In my experience we are recon friendly if onoe can make a case for why actions are made (i assume personal/business spending).  Chase would love to have alll of you business so why not approve you for both....  Again I'll stress I don't know guidelines;

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Depending on what your credit profile looks like it is at l east worth a recon.  I think that would be a fairly easy conversation depending on how established the business is and whatnot that for your book keeping purposes that separating the spending across the cards would make your life easier and it isn't a secret that the ink card has some nice benefits/rewards to boot!

[SoulMaster]

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zyzzus wrote:

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SoulMaster wrote:

zyzzus,

Thanks for answering all these... I haven't seen any Q's about BK yet, so I'll throw one in the ring:

Prior to filing my BK7 in 2010, I had 2 Chase cards.  One (Chase/Circuit City) was paid off/closed by me months before I wound up filing, and the other (Chase Generic) was included in BK with a ~$1200 balance.

I've rebuilt handily in the 2 years since my discharge and currently have: Discover/$2.5K, NFCU Visa Sig/$12K, C1/$3K, NFLRewards $3.5K and Barclay's Apple/$1.3K.

All scores (real FICO) are between 680 and 695.  No lates since file date (2.5 years).

• Is there ANY chance of getting a Freedom and/or CSP before the BK falls off my reports?  
• If I called Chase and paid back the ~$1200 I had discharged, would that make a difference? (also, who would I call to pay this back?)
• If I opened a checking/savings account, carried an ADB of $5000 and diverted piece of my direct deposit to Chase, would that help at all

IMO chase is the best of the big banks, at least here in Vegas, and I'd love to rebuild a relationship with them.  Nevermind the fact that I love how the UR structure works.  Never had a bank account with them in the past (I'm a CU guy), but I'm willing to open one over there if only to qualify for the Freedom/CSP.

Thanks for all your doing in this thread!

-SM

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The respresentative I spoke with didn't have a very direct answer.  Its didfficult sometimes for me to ask these specific questins ambiguously.  I was advised to have you contact our recovery department to see if that 1,200 balance would legally need to be paid back first.  Then after that was decided I was advised that if the bk is still showing on yoru CR it would obviously have to be taken into consideration when underwriting an unsecured credit card of course.

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Thanks Zyzzus,

This is very helpful, thanks a ton!

One follow-up.  My Google-fu doesn't seem to be working today, do you know which of the #'s I should call for CC recovery?  I'm finding a ton of mortgage recovery Chase info but I don't seem to find a CC #.  If you could post/pm it for me I'd really appreciate it.

Thanks again!

-SM

(I didn't like the way the block-quotes looked, so I edited to fix)

[creditnocash]

@Zyzzus thanks for the input. i have been running about 500 a month through the card since i got it back in july. maybe i spend 2k a month on cards. im not a giant spender but would love to have a siggy visa. 

my point was that too me knowledge (correct me if im wrong) chase likes to match credit limits. (that are non store lines) when i got my freedom i just opened my first non store cc and it was 500, andi was approved for the same for freedom. my scores are hovering around 690-7? tu08 is around 740's by the time i ask for the cli, all my inq will be way over a year old so my score should bump higher, also my aaoa.

[scottwagnon]

does chase pratice honorable employee ethics; in other words, does chase treat its CSP's with respect and not bully them? Forgive my ignorance. I understand what the word bully means but I do not under how/why a company would bully a CC customer; and, if they would to do what?i would hope to believe that this may be the only megabank that is not toxic. i believe bank of america and perhaps citibank to be toxic. i am hoping you can convince me that chase is not toxic.


No, 'them' meaning employees not customers. I want to work with a bank that has employees that are happy with their work environment because they are treated well.

[zyzzus]

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scottwagnon wrote:
does chase pratice honorable employee ethics; in other words, does chase treat its CSP's with respect and not bully them? Forgive my ignorance. I understand what the word bully means but I do not under how/why a company would bully a CC customer; and, if they would to do what?i would hope to believe that this may be the only megabank that is not toxic. i believe bank of america and perhaps citibank to be toxic. i am hoping you can convince me that chase is not toxic.


No, 'them' meaning employees not customers. I want to work with a bank that has employees that are happy with their work environment because they are treated well.

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I will answer the questions I missed tomorrow at work I wanted to take the time to answer this now.

My time with Chase has been short but I left Verizon because that was an awful company to work for in my opinion.  I made FANTASTIC money but I was not happy.

Chase's goal in 2013 is EMPLOYEE satisfaction as they believe happy employees will elicit happy customers.  I agree. 

So; in my opnion, chase treats its employees well I am only asked to take care of customers.  Find ways to say yes.  Own my problems from start to finish.  Be clear upforton and honest.  I feel good about what I do because by putting my customer's needs first it alligns EXACTLY with the company's goals.  This in itself was my problem with my verizon.  My goals did not allign with company goals which didn't allign with customer goals.  

[myjourney]

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zyzzus wrote:. 

So; in my opnion, chase treats its employees well I am only asked to take care of customers.  Find ways to say yes.  Own my problems from start to finish.  Be clear upforton and honest.  I feel good about what I do because by putting my customer's needs first it alligns EXACTLY with the company's goals.  This in itself was my problem with my verizon.  My goals did not allign with company goals which didn't allign with customer goals.  

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Well said zyzzus 

[nolongeraneqaddict]

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scottwagnon wrote:
does chase pratice honorable employee ethics; in other words, does chase treat its CSP's with respect and not bully them? Forgive my ignorance. I understand what the word bully means but I do not under how/why a company would bully a CC customer; and, if they would to do what?i would hope to believe that this may be the only megabank that is not toxic. i believe bank of america and perhaps citibank to be toxic. i am hoping you can convince me that chase is not toxic.


No, 'them' meaning employees not customers. I want to work with a bank that has employees that are happy with their work environment because they are treated well.

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I would second that, I saw your response Zyzzus and I am happy to hear it.

I would much prefer, and I do my best to push my money through companies that think the way I do. You treat me with respect, and I will treat you with respect, lets look for ways we can work together and help each other meet our own goals. I may pay a little bit more every now and then, but in the end I think it is worth it to work with people that are likeminded.