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Established Contributor
FutureBillionaire
Posts: 650
Registered: ‎12-12-2012
0

Chase apps?

If I decide to app for the Freedom, what are the ideal conditions?  I like 5% everywhere and for everything.  I will probably add this card this year.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Moderator
Revelate
Posts: 9,642
Registered: ‎12-30-2011
0

Re: Chase apps?


FutureBillionaire wrote:

If I decide to app for the Freedom, what are the ideal conditions?  I like 5% everywhere and for everything.  I will probably add this card this year.


Chase historically doesn't like high utilization from what most people have anecdotally reported; however, I just don't think you'll have a problem receiving approval for a Freedom - frankly it's a tier (or two) from a credit strata / underwriting perspective below some of the current cards in your signature line.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
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Re: Chase apps?

I had a Chase account go to 150 days late in 2008, and they closed the account.  Thankfully, I got to working again before they charged it off.  I first applied for a Freedom in late 2010, and was denied.  I had been current on the closed Chase account for two years, but I hadn't quite paid the balance off yet.  They cited my prior negative history with them in the denial, and when I attempted to recon, they told me to try again once I had paid off the closed account.  

 

I can't remember exactly now, but I think it was a few months later that I finished paying them back in full, so early 2011.  Last year, I apped for Freedom again and was instantly approved, and I was recently approved for a CSP as well. 

 

So Chase was willing to do business with me again depsite the closed account once I paid them back.  


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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