Chase United Explorer Target Offer, Approval?

[Lin55]

Sorry, yet another one of these threads. Been reading here for awhile and got a targetted offer so decided to see what you guys think of my chances. First offer since I can remember...Please let me know my chances if you have some free time....

FAKO: CK: 634 CS: 677

AAoA: 5.4 years, Oldest account: 11 years

Cards

Amex Platinum charge card (1 year) : NPSL

Citi (10 years) : 93% UTL / 5050 CL

BoA (9 years) : 94% UTL / 1600 CL

GE Capital: (0.9 Years) : 94% UTL / 1500 CL

Best Buy - Cap1 (5 years) : 92% UTL / 900 CL

Express - Commenity bank (3 years) : 73% UTL / 900 CL

Discover (0.9 years) : 72% UTL/ 500 CL

Chase Slate (11 Years) : 40% UTL / 1000 CL

Target (4 months) : 0% /  300 CL

JCPenney (4 months) : 0% 200 CL

Inquiries: 13 HPs on April 14, 2013. Rejected on all except Target and JCPenney (wanted to decrease my UTL by having more cards. Didn't think i'd get a measly 500 CL between the two). Did NOT try recon for the 11 rejected apps (Freedom, CSP, Amex Hilton, etc...basically all the awesome travel reward cards).

Reason for high UTL: Been in college for 11 years (yes, call me crazy) and had to move to 4 different major cities during internships/grad schools. Just finally graduated. No job yet but will get a job in a few months usually starting out at $90,000 in my profession (medical).

Baddies: None, ever.

The reason I think I got the United Explorer invitation code offer is because I already booked 9 UA flights this year and my mileage account balance is high. Or do you think they Softied me and think I may qualify? I've been wanting a CSP/United cards for forever (since i obviously only fly UA), but can't even have a UA earning credit card.

Anyway, I know i will get auto-denied when I apply, what do you think will happen on recon though? thanks guys....

Edited to Add: I made a mistake on my BofA posting above - my BofA CL is 1600 NOT 5500. I edited it. Here are the stats:

Credit Card Utilization	83%
Open Credit Card Debt	$9,859
Credit Card Limit	$11,950

as of 8/22/13

[09Lexie]

Welcome to the forum. I'm sorry to say that the prospects of approval are slim. Your util on 7/9 cc's is extremely high. Offers are marketing ploys and as you said yourself, you fly United often. Also, you are currently unemployed and income/employment information would be requested.

IMO, once you are gainfully employed and get your debt down to +/- 20%, you ll be fine.


Good luck !

Edit: typo

[broseph23]

Unfortunately I do not see any chance at all on an approval. Util is just way to high, esspecially with your highest credit limits currently maxed out. I see a chance if you pay your slate down comepletely to zero, and then pay down your util to overal under 30%.

[sccredit]

Lexie is 100% correct.  Even on recon it will be  a denial

[Lin55]

Thank you! I'm very happy you guys sound assured because I would've applied and wasted a hard pull! I was afraid someone might say "you might have a chance" and I would've applied and been pretty angry with the result (and with that person).

Thanks again, time to water my garden!

[enharu]

On the plus side, the dollar amount of what you owe isn't really that much. After you start working, you can easily pay off those debt within a few months with your income.

Best of luck!

[broseph23]

@enharu

Eh, $13,475 is still kind of a lot of cc debt for 90k gross income. Depending on taxes, take home could be as low as $67000, which is roughly $5500 per month. Could definitely take more than a few months depending upon living expenses etc. it may be done, but idk, I don't think it's likely that fast. JMO

[ezdoesit]

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@broseph23 wrote:
@enharu

Eh, $13,475 is still kind of a lot of cc debt for 90k gross income. Depending on taxes, take home could be as low as $67000, which is roughly $5500 per month. Could definitely take more than a few months depending upon living expenses etc. it may be done, but idk, I don't think it's likely that fast. JMO

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13.5k debt is definitely not a lot of debt for that income even if his expenses were half his monthly net income that is still 5 months to pay off.  That is if his housing expenses are high of course geography plays a big part in that because that usually is the bulk of someones expenses.

With his income he might not pay it off  in 5 months or he might but in three months he could get his util into a range that would get him the biggest score bump.  Which should get him an approval.

[Lin55]

I'll be living at my dad's old house (paid off) in Henderson, NV. So no housing expenses besides the $100 HOA/utilities/the regular stuff. All other expenses will be typical, except I will have a huge $1500/month student loan payment (yup, 11 years of school, ouch). I have no idea if I am going to buy a car, or use my dad's beat up 1998 car yet. Although in reality I will probably just drive the 1998 car until it dies and buy a new one (Have no idea how long that junk will last though..).

I honestly have no idea how long it will take me down to $2500-3000 in debt (range before I apply) since I literally just started "life". But i'll keep you guys updated, and will bump this thread up especially when it gets kind of close to applying...

Edit: Oh i forgot to add that my student loans don't kick in for another 6 months! I guess these first 4 months (when I work in 2 months) is the time to pay as much down as I can on the CCs....

TY people...

[silverzgirl]

Anyone who is a United or former Continental FF gets these targeted mailings.

Chase is VERY sensitive to utilization and inquiries for the past year, especially the last six months. I got denied and I work for one of the airlines above...hit for utilization (much lower than yours but still too high) and a whopping 8 inquiries. I reconned and was still denied...too much available credit. Like I can get on a plane with my Nordstrom and Macys cards...

YOu will get there though. I am gardening in the meantime but plan on landing that fish for travel.