02-08-2013 09:37 AM
Because of the way I travel the Chase-backed Marriott and Southwest cards would be very useful to me. I'm over three years from Chapter 7 and did not discharge any Chase debt. I really don't want to waste a hard inquiry.
At the very beginning of their application a question is asked, "Is your credit history clear from bankruptcies and/or seriously delinquent accounts?"
02-08-2013 09:47 AM
I opened a Chase Southwest Visa in July, 9 years after Chapter 7 BK. I had to recon to get the approval.
02-08-2013 09:57 AM
Thanks for the feedback, any ideas how old the BK needs to be to get through recon?
02-08-2013 02:38 PM
I am in a similar situation with you....however the BK is the real concern....from what I have read through these forums Chase is not BK friendly and I have not been willing to risk the inquiry. I have decided I would stay away from Chase until my BK is around the 7 year mark. I have had luck with Discover and Barclays and will look into some of the GECRB credit cards.
02-08-2013 03:25 PM
I suggest not wasting the HP. 3 years is way to short for Chase. Visit the BK thread for an excellent selection of BK friendly creditors. Have you re-established credit since your discharge or are you looking to start?
If you are already re-established, a Barclays will likely approve you for priceline, but be prepared to recon. Discover is a little more YMMV with some successful apps at about the 4 year mark with solid history post discharge.
02-09-2013 08:38 AM
Thanks for all the replies. I've seen the comments about Chase not being BK friendly, and I have adequate unsecured credit (NFCU Visa, MC, Navcheck; FTCU VISA, BBRZ, Walmart Discover GECRB). So I think I'll wait to season the BK at least another year and get my scores into the 700s before I think about applying.
Because I fly Southwest there's a feature on that card that appeals to me, the ability to use points for things other than airfare.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO