Chase Freedom

[tylaw13]

just apped for a chase freedom i really think its a long shot because my scores are mid 600s but thought what the hell. i got the 7-10 day review message. do they give that to everybody or do some people actually get auto denied? also i called the automated app status number and it said it was being reviewed how long should i wait to call again, how long do they usually take? i know my chances are slim cause i dont have too much of a history

2 Cap 1 cards - 1000CL platinum for bad\rebuilding, 500CL Cash Rewards for average

Store Card - Daniels Jewelry 700CL

Auto Loan with WFDS balance - 11400

AAoA 1.5 years according to credit tracker from experian

[Revelate]

There's been at least 10 Chase Freedom approvals this month with scores in the 620-650 range, especially on recon.  Many of the limits have only been in the $500 range, but there's a lot to be said about establishing history and a customer account with a prime lender regardless of the starting card/limit.  Those can always be improved later.

[tylaw13]

not too worried about the initial CL of the Chase card if im approved because im sure its alot easier to get CLI's the Cap1. Hell i bet id have a better at winning the lottery then getting a CLI with Cap1. thats good to hear though. i will definitely recon if denied no

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@Revelate wrote:

There's been at least 10 Chase Freedom approvals this month with scores in the 620-650 range, especially on recon.  Many of the limits have only been in the $500 range, but there's a lot to be said about establishing history and a customer account with a prime lender regardless of the starting card/limit.  Those can always be improved later.

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w that i know that exists, thanks to everybody on myFico.

[Revelate]

Yeah, it looks like they changed the underwriting criteria on the card to be more in line with the DIscover More if not lower in early June or thereabouts.  Some people who I figured were certain to get denied, got cards, and it was a nontrivial number of them too.  Before I had always assumed 660 was the absolute minimum, and even then you'd need to have a fairly attractive report to get in at that level too... also there's been a suspicious lack of Chase Freedom denials in the last month, I think I remember one, and that's got to be some sort of record on this forum in a month to month basis, at least over the last six months I've been actively reading it anyway.

[tylaw13]

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@Revelate wrote:

Yeah, it looks like they changed the underwriting criteria on the card to be more in line with the DIscover More if not lower in early June or thereabouts.  Some people who I figured were certain to get denied, got cards, and it was a nontrivial number of them too.  Before I had always assumed 660 was the absolute minimum, and even then you'd need to have a fairly attractive report to get in at that level too... also there's been a suspicious lack of Chase Freedom denials in the last month, I think I remember one, and that's got to be some sort of record on this forum in a month to month basis, at least over the last six months I've been actively reading it anyway.

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Well we will see what happens. how long do you think before i can call the automated number they will have a decision?

[Revelate]

Probably sometime tomorrow evening / Tuesday.  Applying on a weekend is problematic if you don't get an instant decision.

[tylaw13]

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@Revelate wrote:

Probably sometime tomorrow evening / Tuesday.  Applying on a weekend is problematic if you don't get an instant decision.

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explain why it is problematic to apply on a weekend without instant decision? do you think the reason i got the 7-10 day message and not an instand deny is because of applying on a weekend? im pretty new to all this.

Thanks for the help

[Revelate]

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@tylaw13 wrote:

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@Revelate wrote:

Probably sometime tomorrow evening / Tuesday.  Applying on a weekend is problematic if you don't get an instant decision.

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explain why it is problematic to apply on a weekend without instant decision? do you think the reason i got the 7-10 day message and not an instand deny is because of applying on a weekend? im pretty new to all this.

Thanks for the help

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An instant deny = an instant deny.

Instant decisions are all automated through whatever lender's system.  Anything else, is a YMMV based on manual review generally.  The people that do manual reviews, typically don't work weekends, and as such, you can't call them immediately to ask .

[tylaw13]

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@Revelate wrote:

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@tylaw13 wrote:

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@Revelate wrote:

Probably sometime tomorrow evening / Tuesday.  Applying on a weekend is problematic if you don't get an instant decision.

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explain why it is problematic to apply on a weekend without instant decision? do you think the reason i got the 7-10 day message and not an instand deny is because of applying on a weekend? im pretty new to all this.

Thanks for the help

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An instant deny = an instant deny.

Instant decisions are all automated through whatever lender's system.  Anything else, is a YMMV based on manual review generally.  The people that do manual reviews, typically don't work weekends, and as such, you can't call them immediately to ask .

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ok i see what you mean. one more thing, what does YMMV mean i  been trying to figure it out and came up with some things but definitely nothing that makes sense lol.

[wreith]

I got the 7-10 wait when I apped, kept checking the automated line, kept saying being processed.  So I called the analyst number listed in the backdoor list, was told I had been denied, he reviewed it asked me a few questions and approved me for 800.  I would call that number tomorrow and see how that goes.  YMMV= Your Mileage May Vary.