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Mega Contributor
Creditaddict
Posts: 18,484
Registered: ‎10-23-2007

Friend has Chase Liquid... Better options??

I didn't know until I saw him pull it out and swipe the other day he had the Liquid Card.  I don't stay up on pre-paid and I know some Secured from onces I've had and stuff but what are best options for debit/pre-paid/secured options out right now?  If you are on Check Systems, does Chase offer to eventually upgrade you from Liquid into a regular account with them?

His company banks with Bank of America, I was thinking he should try going to them because sometimes banks will override check systems for employees of companies that bank with them and then hopefully work himself towards a Secured Credit Card with them!?

 

 

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
ENTERED GARDEN 07/07/2014 After getting auto loan
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640... The List Goes On!
Mine: I have to many... (20+) They won't fit :smileytongue:
Established Contributor
zyzzus
Posts: 522
Registered: ‎10-22-2012

Re: Friend has Chase Liquid... Better options??

handling the account in a responisble manner will eventually allow for the upgrade.  Bluebird would be another option though.

Capital One Quicksilver- $5,000 (Thanks Cap1 Executive Office <3) | Chase Freedom - $7,100 | Chase Amazon -$1,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 (I know what an odd limit) | Fidelity Amex -$10,000 | Sallie Mae- $10,000 | Walmart $15,000 | DCU Platinum $12,000 | Discover IT - $7,500 | Amex EveryDay$10,000 

Mega Contributor
Creditaddict
Posts: 18,484
Registered: ‎10-23-2007

Re: Friend has Chase Liquid... Better options??


zyzzus wrote:

handling the account in a responisble manner will eventually allow for the upgrade.  Bluebird would be another option though.


Do they document such a thing because I can't find anything online except that it doesn't help credit and is not a credit card!

I don't see anything about moving into regular chase accounts though or check system info.

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
ENTERED GARDEN 07/07/2014 After getting auto loan
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640... The List Goes On!
Mine: I have to many... (20+) They won't fit :smileytongue:
Established Contributor
zyzzus
Posts: 522
Registered: ‎10-22-2012

Re: Friend has Chase Liquid... Better options??

I work at  Chase as a personal banker I have access to lists that I call every few months to let people know they can upgrade to a regular account.  

 

You are correct this is not a credit card and will not build credit subsequently.  This is a pre-paid debit card so I am under the impression this will not report to chex as it is not a deposit account. He could try to burn the candle at the other end.  Instead of waiting to be upgraded to a regular account after responsible use just try to take care of whatever is reporting on Chex.

Capital One Quicksilver- $5,000 (Thanks Cap1 Executive Office <3) | Chase Freedom - $7,100 | Chase Amazon -$1,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 (I know what an odd limit) | Fidelity Amex -$10,000 | Sallie Mae- $10,000 | Walmart $15,000 | DCU Platinum $12,000 | Discover IT - $7,500 | Amex EveryDay$10,000 

Mega Contributor
Creditaddict
Posts: 18,484
Registered: ‎10-23-2007

Re: Friend has Chase Liquid... Better options??


zyzzus wrote:

I work at  Chase as a personal banker I have access to lists that I call every few months to let people know they can upgrade to a regular account.  

 

You are correct this is not a credit card and will not build credit subsequently.  This is a pre-paid debit card so I am under the impression this will not report to chex as it is not a deposit account. He could try to burn the candle at the other end.  Instead of waiting to be upgraded to a regular account after responsible use just try to take care of whatever is reporting on Chex.


Do you know how long the person has had the Liquid Card usually when Chase is offering upgrade?

Can he call and ask if the offer is on his account?

 

I agree 110% on figuring out why he has Chex systems and fixing that too!

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
ENTERED GARDEN 07/07/2014 After getting auto loan
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640... The List Goes On!
Mine: I have to many... (20+) They won't fit :smileytongue:
Established Contributor
zyzzus
Posts: 522
Registered: ‎10-22-2012

Re: Friend has Chase Liquid... Better options??


Creditaddict wrote:

zyzzus wrote:

I work at  Chase as a personal banker I have access to lists that I call every few months to let people know they can upgrade to a regular account.  

 

You are correct this is not a credit card and will not build credit subsequently.  This is a pre-paid debit card so I am under the impression this will not report to chex as it is not a deposit account. He could try to burn the candle at the other end.  Instead of waiting to be upgraded to a regular account after responsible use just try to take care of whatever is reporting on Chex.


Do you know how long the person has had the Liquid Card usually when Chase is offering upgrade?

Can he call and ask if the offer is on his account?

 

I agree 110% on figuring out why he has Chex systems and fixing that too!


From my understanding it is just systematically reviewd (some computer alogrithm not by a human being).  He can absolutely call in to see if he is elligible to upgrade the account.  I've heard anywhere from 6 months to a year but that is just what I've heard.

Capital One Quicksilver- $5,000 (Thanks Cap1 Executive Office <3) | Chase Freedom - $7,100 | Chase Amazon -$1,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 (I know what an odd limit) | Fidelity Amex -$10,000 | Sallie Mae- $10,000 | Walmart $15,000 | DCU Platinum $12,000 | Discover IT - $7,500 | Amex EveryDay$10,000 

Mega Contributor
Creditaddict
Posts: 18,484
Registered: ‎10-23-2007

Re: Friend has Chase Liquid... Better options??


zyzzus wrote:

Creditaddict wrote:

zyzzus wrote:

I work at  Chase as a personal banker I have access to lists that I call every few months to let people know they can upgrade to a regular account.  

 

You are correct this is not a credit card and will not build credit subsequently.  This is a pre-paid debit card so I am under the impression this will not report to chex as it is not a deposit account. He could try to burn the candle at the other end.  Instead of waiting to be upgraded to a regular account after responsible use just try to take care of whatever is reporting on Chex.


Do you know how long the person has had the Liquid Card usually when Chase is offering upgrade?

Can he call and ask if the offer is on his account?

 

I agree 110% on figuring out why he has Chex systems and fixing that too!


From my understanding it is just systematically reviewd (some computer alogrithm not by a human being).  He can absolutely call in to see if he is elligible to upgrade the account.  I've heard anywhere from 6 months to a year but that is just what I've heard.


Thanks

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
ENTERED GARDEN 07/07/2014 After getting auto loan
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640... The List Goes On!
Mine: I have to many... (20+) They won't fit :smileytongue:
Valued Contributor
Themanwhocan
Posts: 1,275
Registered: ‎04-04-2013

Re: Friend has Chase Liquid... Better options??


Creditaddict wrote:

zyzzus wrote:

handling the account in a responisble manner will eventually allow for the upgrade.  Bluebird would be another option though.


Do they document such a thing because I can't find anything online except that it doesn't help credit and is not a credit card!

I don't see anything about moving into regular chase accounts though or check system info.


I can't imagine this would allow for an upgrade to a credit card. It would be like somone with a checking account at a bank using their debit card, and expecting that good use of the debit card would allow for an eventual upgrade to a credit card. Doesn't work like that, you apply for the credit card, they still pull your Fico score. They're not going to say "gee, he used his debit card responsibly...".

 

Lets turn that question around. Just HOW would someone use a debit card irresponsibly? You have to put your own money in first. You can only take out upto what you already put IN. Therefore, all use is responsible useage, no?

 

Its a prepaid debit card. Its usage doesn't prove squat about your ability to use credit responsibly. They charge you $4.95 a month for having the card, so they make a nice $60 a year profit, plus card swipe fees from the merchants. Why would they want to stop that cash flow once they have found a sucker, err, make that a fiscally uninhibited person, willing to pay that much for a debit card?


Established Contributor
zyzzus
Posts: 522
Registered: ‎10-22-2012

Re: Friend has Chase Liquid... Better options??


Themanwhocan wrote:

Creditaddict wrote:

zyzzus wrote:

handling the account in a responisble manner will eventually allow for the upgrade.  Bluebird would be another option though.


Do they document such a thing because I can't find anything online except that it doesn't help credit and is not a credit card!

I don't see anything about moving into regular chase accounts though or check system info.


I can't imagine this would allow for an upgrade to a credit card. It would be like somone with a checking account at a bank using their debit card, and expecting that good use of the debit card would allow for an eventual upgrade to a credit card. Doesn't work like that, you apply for the credit card, they still pull your Fico score. They're not going to say "gee, he used his debit card responsibly...".

 

Lets turn that question around. Just HOW would someone use a debit card irresponsibly? You have to put your own money in first. You can only take out upto what you already put IN. Therefore, all use is responsible useage, no?

 

Its a prepaid debit card. Its usage doesn't prove squat about your ability to use credit responsibly. They charge you $4.95 a month for having the card, so they make a nice $60 a year profit, plus card swipe fees from the merchants. Why would they want to stop that cash flow once they have found a sucker, err, make that a fiscally uninhibited person, willing to pay that much for a debit card?


I am not sure what gave you the impression I was speaking about credit cards (seeing as though I never mentioned them).  The upgrade that I was referring to was a regular checking account.

 

I'll be honest I didn't read the rest of your rant.

Capital One Quicksilver- $5,000 (Thanks Cap1 Executive Office <3) | Chase Freedom - $7,100 | Chase Amazon -$1,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 (I know what an odd limit) | Fidelity Amex -$10,000 | Sallie Mae- $10,000 | Walmart $15,000 | DCU Platinum $12,000 | Discover IT - $7,500 | Amex EveryDay$10,000 

Mega Contributor
Creditaddict
Posts: 18,484
Registered: ‎10-23-2007

Re: Friend has Chase Liquid... Better options??


Themanwhocan wrote:

Creditaddict wrote:

zyzzus wrote:

handling the account in a responisble manner will eventually allow for the upgrade.  Bluebird would be another option though.


Do they document such a thing because I can't find anything online except that it doesn't help credit and is not a credit card!

I don't see anything about moving into regular chase accounts though or check system info.


I can't imagine this would allow for an upgrade to a credit card. It would be like somone with a checking account at a bank using their debit card, and expecting that good use of the debit card would allow for an eventual upgrade to a credit card. Doesn't work like that, you apply for the credit card, they still pull your Fico score. They're not going to say "gee, he used his debit card responsibly...".

 

Lets turn that question around. Just HOW would someone use a debit card irresponsibly? You have to put your own money in first. You can only take out upto what you already put IN. Therefore, all use is responsible useage, no?

 

Its a prepaid debit card. Its usage doesn't prove squat about your ability to use credit responsibly. They charge you $4.95 a month for having the card, so they make a nice $60 a year profit, plus card swipe fees from the merchants. Why would they want to stop that cash flow once they have found a sucker, err, make that a fiscally uninhibited person, willing to pay that much for a debit card?


sorry for confusion... Not talking about upgrade to credit card for this Liquid... talking about upgrade to a chase Everyday Checking Account with full Debit Card.

but did jump around to other banks and also possible options where he could bank and get a secured card, so I may have mixed a few to many thoughts in!

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
ENTERED GARDEN 07/07/2014 After getting auto loan
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640... The List Goes On!
Mine: I have to many... (20+) They won't fit :smileytongue:

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