10-20-2011 10:06 PM
I have a slate... Can't remember my score when I got it, perhaps high 600's or barely 700?
10-20-2011 10:24 PM
Chase pulled TU for me in NY which I believe was at least 730 at the time. I was denied but got it on a recon (Freedom).
10-21-2011 07:18 AM
I got Freedom with a 746. I don't have Slate. Chase always pulls either EQ or EX for me. I wish they would pull TU. I have only 1 inquiry on TU. Others have been approved with lower scores.
There is lack of a rewards program with Slate. Typically, reward cards, such as Freedom, are a little more difficult to get. The reward cards also can typically have higher interest rates. Reward cards work best if you plan to pay in full every month to avoid the interest. In general, Chase can be a little more stringent when handing out cards. My daughter cannot get a Chase card yet because she does not have enough credit history.
If you should get denied, always call for a recon. There are many success stories with Chase recons. I am one of them for my INK and Sapphire.
I personally prefer the Freedom over Slate because of the rewards. It is one of the better reward cards out there. Others may prefer Slate if they are going to carry a balance.
Chase kills me because they have such great card offerings. LOL
Did you check out whogavemecredit.com? You can see who was approved for each card based on scores, income, etc.
10-21-2011 03:48 PM
Thank you for all your responses...
I have $4700 in debt which will be paid off at the end of this month and I have 3 inquirys on my profile 2 of which I was approved and got a credit card out of them...
How long do you guys think i should wait to apply?
10-21-2011 05:12 PM
3 is not a lot of INQ in my opinion.
I don't know what your credit limits are. Divide $4700 by your TOTAL credit limits on all cards. This will give you your utility percentage. If your UTIL is high, you may want to wait until you pay it down.
Do you know your average age of accounts?
I know Chase wants to see a minimum 1 year history, preferably 2.
10-21-2011 06:33 PM - edited 10-21-2011 06:34 PM
If you're about to pay off $4700 in debt within a month then I would definitely wait until then. You may want to keep a small, under 9%, balance reporting (but pay no interest!) before you apply too. I think it was Chase, but recently I read a post on here someone being denied for having no credit card balances!
Edited to add: What advantages does the Slate card have? I was always under the impression it was sort of a rebuilder card? I haven't read about it in a while though.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.