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Member
Posts: 16
Registered: ‎12-03-2012
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How long does it take for creditors to see that you have a decent credit history length?

I'm still fairly new to credit, I'm in my 20s. I went from a secured card last year, to an Amex gold, and also got approved for a chase sapphire preferred $5k limit. I recently applied for the Southwest Chase card so that I could get that nice 50k point signup bonus, however I was told that I would receive a letter in the mail if I was approved or not (I believe this means I wasn't approved). I pay my cards off in full every month. How long do I need to have these cards to be approved for others? What has been your experience? I really like these cards, but some of the sign up bonuses are really enticing. 

 

Thanks!

Wallet: Amex Gold NPSL | Amex BCP $6k | Credit Union Card $1k | Chase Sapphire Preferred $5k | Southwest RR Plus $5k | Nordstrom Store Card $4k | Cap1 Venture $35k AU | Amex Plat Business NPSL
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Posts: 7,225
Registered: ‎09-16-2011
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Re: How long does it take for creditors to see that you have a decent credit history length?

Call the Chase Recon line and talk to an analyst.... dont wait on snail mail


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Valued Contributor
Posts: 2,066
Registered: ‎06-16-2012
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Re: How long does it take for creditors to see that you have a decent credit history length?


webhopper wrote:

Call the Chase Recon line and talk to an analyst.... dont wait on snail mail


+1

Cards: (Chase x8) (Citi x6) (Amex x6) (BofA x3) (US Bank x3) (Barclays x4) (WF x2) (Cap1 x4) (Synch x4) (Penfed x2) (Macys Amex, Discover, USAA, Fidelity, NASA x1), PLOC: Citi (18k) WF (10k), Personal Loan: USAA (25K), Auto Loans: Ally, Audi Financial.
New Member
Posts: 10
Registered: ‎02-27-2013
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Re: How long does it take for creditors to see that you have a decent credit history length?

The "letter in the mail" message doesn't always mean you're out of luck. Your application might still be approved on the first try, or, you can call back in for reconsideration. If you don't have any black marks on your credit, having a human manually look at your file during reconcilation has a very high rate of success, even for applications initially denied. 

Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
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Re: How long does it take for creditors to see that you have a decent credit history length?

As far as how long you should garden a card to get more cards: I garden my cards for a year between app sprees and when it is time for another app spree, I evaluate my cards and credit to make a determination on whether it is a go or no go. If a no go, I just continue to monitor and garden until what I want to change, changes.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Regular Contributor
Posts: 266
Registered: ‎09-05-2012
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Re: How long does it take for creditors to see that you have a decent credit history length?

For me it was 5 months. For others it may be a year.

 

I don't understand the credit industry these days and question everything. I think that it depends on a lot of things including how old you are, how much you make, etc.

 

Maybe the reason I was able to build up credit so fast is because I'm old, at my job for 15 years and make a good amount.

 

Maybe it will take you longer because you're young, new to the workforce, maybe don't make a lot of money yet.

 

I'd say a good amount of time is a year - that's just a general opinion and two years is even better.

 

 




Member
Posts: 16
Registered: ‎12-03-2012
0

Re: How long does it take for creditors to see that you have a decent credit history length?

Thank you for all the replies. I called the Chase App status line and talked to someone that said I was approved yesterday for the Southwest Card with a $5k limit! Woohoo! 

Wallet: Amex Gold NPSL | Amex BCP $6k | Credit Union Card $1k | Chase Sapphire Preferred $5k | Southwest RR Plus $5k | Nordstrom Store Card $4k | Cap1 Venture $35k AU | Amex Plat Business NPSL
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
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Re: How long does it take for creditors to see that you have a decent credit history length?


v639dragoon wrote:

Thank you for all the replies. I called the Chase App status line and talked to someone that said I was approved yesterday for the Southwest Card with a $5k limit! Woohoo! 


Congrats, Chase is Awesome

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