Chase Bank and Chase Credit Cards

[PhoenixDown]

I personally wouldn't open that many accounts. Two, maybe three are good. It depends on how much you can keep in them and whether they charge fees if you are below certain amounts or have to make X many online bill payments a month.

[lhcole77]

I recently opened a Chase checking account and got a $200 bonus for doing so.

You may want to search the web to see if you can find one of those coupons to get the same deal.

Good luck!

[Brax]

I had a Chase personal & business checking for barely two years. One year after closing Chase checking accts, I was shocked to get a very generous CL for my first CC with them. The only explanation I can give is having a previous banking relationship. It matters!

Within a few months I would think you could at least get a Chase Amazon. Chase Freedom wouldn't be too far behind. For a CSP, 1-2 years of solid CC experience should do the trick. Play your cards right with Chase and it may happen much, much sooner than you're anticipating

[enharu]

It depends on your average daily balance. If your balance is anything less than 5 digits, it probably won't help much, if any at all.

However, there's only so much a banking relationship can help. So don't worry too much about it and instead focus on whatever's in your CR.

[Dreamwalker]

I'm going to second diversifying your accounts. I keep my savings in an Ally Money Market, and my Direct Deposit gets split between my Chase account and my credit union. It gives you a kind of peace of mind. The other point I'd like to make is that I'm 19, and I have both a Discover card and a Chase card (even if it isn't Palladium yet). I picked up a secured Capital One card, held onto it for six months, reconned both of the aforementioned cards, cancelled the Capital One, and have been happily sitting with them for six months.

[JonStur]

I've never had a relationship with Chase but they kept sending me Pre-approvals for the Freedom, and I finally bit a few months back... Now I'm getting the PreApps for the Slate and the CSP... So I think your credit profile also plays into this....

[navigatethis12]

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@enharu wrote:


However, there's only so much a banking relationship can help. So don't worry too much about it and instead focus on whatever's in your CR.

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I think thi is true. I doubt they will overlook severe negatives on a report just because the applicant has a bank account with them. I've never had a problem with Chase cards and limits and the chequing account I have with them never has more than $500 in it.

[Open123]

All things being equal, my impression is that out of all the national banks, Chase probably gives the most weight a relationship with multiple product lines. 

[longtimelurker]

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@Open123 wrote:

All things being equal, my impression is that out of all the national banks, Chase probably gives the most weight a relationship with multiple product lines. 

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A little OT:  My major banking relationship is with Everbank, which is certainly not a national bank, but anyway: I realized that they have never sent me a credit card offer, though they have pushed their more niche products (metals trading, currency accounts).  Turns out they do have one, but just for their customers, so their a relationship obviously counts!

So I look at the card: it has a lowish APR (10%) but other things are strange.  It can be a straight 1% card, 1 point per $ spent, and when you have 2,500 points, they automatically send you a $25 credit.  Or, and this is the strange bit, you can redeem the points for things like gift cards.  A $25 CVS (or any) gift card costs 3,500 points. Mmm!  Sounds like I should take the $25 from my 2,500 points and buy the gift card myself, even at full price.....

[bribro]

If you have >$10,000 on deposit at Chase, you can apply for a Chase credit card in-branch and have them make a special notation on your application that will improve your odds. This is most helpful for those with thin credit files, not those with BAD credit. You also get that 10% points bonus on your Freedom card for having a Chase banking account.