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Frequent Contributor
Posts: 391
Registered: ‎08-17-2013
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Chase IHG question

Hi, my DW wants to apply for this card, her stats are:
No baddies, 1.9 years aaoa, 28% util. Now she has over 15000 in credit across all her lines but on her discover she is at 83% util. Due to a recent balance transfer. She has no history with chase beside being an Au on my freedom since 3 years now. Scores are rigjt at 700, does she have a shot?

Also, what is the difference with the non siggy of this card? Just in case she gets that it would be nice to know



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Posts: 12,503
Registered: ‎12-30-2011
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Re: Chase IHG question

I don't know anything about that card in particular, but doesn't seem like it's much of a stretch from an underwriting perspective for the other Chase co-branded hotel cards.

 

Might be worth waiting till AAoA hit 2 years flat (as that's the first bonus time for that calculation, everything below that is set at 1 year) for a possible boost but other than that is reasonable to apply if it makes sense from a rewards perspective.

 

I'd assume siggy vs. non is the typical siggy benefits.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Epic Contributor
Posts: 25,591
Registered: ‎10-23-2007
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Re: Chase IHG question

I'd apply, think it has great bonus right now.
Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
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Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
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Re: Chase IHG question


Revelate wrote:

I don't know anything about that card in particular, but doesn't seem like it's much of a stretch from an underwriting perspective for the other Chase co-branded hotel cards.

 

Might be worth waiting till AAoA hit 2 years flat (as that's the first bonus time for that calculation, everything below that is set at 1 year) for a possible boost but other than that is reasonable to apply if it makes sense from a rewards perspective.

 

I'd assume siggy vs. non is the typical siggy benefits.


+1...the 83 percent UTIL might be a bit of a problem right now as well...i'm inclined to say that maybe wait a few months for the util to drop while upping her AAOA a bit...then app...IMHO Smiley Happy



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Valued Contributor
Posts: 9,045
Registered: ‎10-21-2012
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Re: Chase IHG question


djc1puno wrote:

Revelate wrote:

I don't know anything about that card in particular, but doesn't seem like it's much of a stretch from an underwriting perspective for the other Chase co-branded hotel cards.

 

Might be worth waiting till AAoA hit 2 years flat (as that's the first bonus time for that calculation, everything below that is set at 1 year) for a possible boost but other than that is reasonable to apply if it makes sense from a rewards perspective.

 

I'd assume siggy vs. non is the typical siggy benefits.


+1...the 83 percent UTIL might be a bit of a problem right now as well...i'm inclined to say that maybe wait a few months for the util to drop while upping her AAOA a bit...then app...IMHO Smiley Happy


+2

 

And, the profile may be more optimal at that point to qualify or be elegible for their Visa Signature vs. Platinum version, but that level of benefit in it of itself is just powdered sugar on a donut, just makes it sweeter.

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Chase IHG question

+3. I would recommend you lower that utilization on discover. She probably will still get approved regardless, but the maxed out discover will probably result in a lower CL.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Frequent Contributor
Posts: 391
Registered: ‎08-17-2013
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Re: Chase IHG question

thanks for the advice and I do agree that she should wait but the thing is that we are going to NYC at the end of febuary and we can get 2 nights in an IC hotel for free with the 80k point sign up bonus which is really sweet, that would save us almost $800! so that is our situation but otherwise I would tell her also to wait till summer.

but not sure how long that 80k sign up bonus is going to be around either makes it tough Smiley Happy




Regular Contributor
Posts: 214
Registered: ‎09-22-2012
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Re: Chase IHG question

I was recently approved for this card with scores lower than hers & negatives items listed on my EQ which is what Chase pulled. My utilization was probably around 1-5% and I have no history with Chase.

 

Received a limit of $3,500.

TU: 768 EQ: 717 EX: 678
Frequent Contributor
Posts: 391
Registered: ‎08-17-2013
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Re: Chase IHG question


GetTheFico wrote:

I was recently approved for this card with scores lower than hers & negatives items listed on my EQ which is what Chase pulled. My utilization was probably around 1-5% and I have no history with Chase.

 

Received a limit of $3,500.


congrats... did you still get the free annual night even though you didnt get the siggy?




Regular Contributor
Posts: 214
Registered: ‎09-22-2012
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Re: Chase IHG question


slap_happy wrote:

GetTheFico wrote:

I was recently approved for this card with scores lower than hers & negatives items listed on my EQ which is what Chase pulled. My utilization was probably around 1-5% and I have no history with Chase.

 

Received a limit of $3,500.


congrats... did you still get the free annual night even though you didnt get the siggy?


Yes, I believe the free annual night is for all card holders regardless of whether or not you get the signature version.

I won't receive the free night voucher until my one year anniversary though.

 

TU: 768 EQ: 717 EX: 678
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