Chase Application Status

[Anonymous]

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collectnone wrote:
It is the Platinum Freedom card. Do you think they will combine my current chase visa(6 mos old but high APR of 20.99%) with the new Freedom card?

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Thank goodness it's not the Signature Freedom card!!!  I can't see any reason why Chase couldn't consolidate your present Visa card with the new Platinum Freedom card.  By any chance, are you currently carrying a balance at a special introductory promotional rate?

[Anonymous]

No promotional period came with the other Chase card but it does have a $77 balance on it. Will that cause a problem?

[Anonymous]

I don't think that a $77 balance should be a problem.  Enjoy your new card when it arrives!

[Anonymous]

Say what you want about the backdoor number. Didnt work for me. I had a paid collection from 4 years ago (under 100) and I opened 3 new accounts this year. Score of 691 and turned down after recon. Did no good to plead my case with them. 21 accounts never late and turned down for 1 lousy derog. Income of 145,000.00. 

[Anonymous]

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@Anonymous wrote:

Say what you want about the backdoor number. Didnt work for me. I had a paid collection from 4 years ago (under 100) and I opened 3 new accounts this year. Score of 691 and turned down after recon. Did no good to plead my case with them. 21 accounts never late and turned down for 1 lousy derog. Income of 145,000.00. 

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Recon doesn't mean that everybody wins.  There is something obviously more to the story that one 4-year-old paid chargeoff. 

21 accounts and 3 new within a 6 month period might be a reason.  Lenders don't like to see many new accounts opened or the inquiries that go along with them.

[Anonymous]

Agreed...to many open accounts.....to many new accounts in a short period of time.

Alot of times in the world of credit......"Less is More"

[webhopper]

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@Anonymous wrote:

Agreed...to many open accounts.....to many new accounts in a short period of time.

Alot of times in the world of credit......"Less is More"

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Agree...  Chase cares about inquiries and they care about how many new accounts you have...  I was approved on recon, but all of my inquiries were mortgage related. If they weren't then I would have been stuck with the denial.   You may be a good candidate for Amex, as amex does not seem to care about inquiries, and they are income sensitive.