I've been receiving pre approved offers for subprime credit cards

[Anonymous]

I've been receiving pre approved offers for subprime credit cards, and I am not interested in applying for them. I want to receive offers for prime credit cards instead; my TU-699, EX-677 and EQ-653. If my delinquencies are two years old and my utilization of credit is 22%, what are my chances of being approved for a Chase card? I have only four delinquencies going back in 2015 and 2010, would that impact my chances for approval?

[Anonymous]

I forgot, I have 14 inqs and has not applied for any credit cards since last November 2016.

[DeeBee78]

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@Anonymous wrote:
I forgot, I have 14 inqs and has not applied for any credit cards since last November 2016.

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Well that was only a whopping two months ago, lol. Those inquiries can affect your approval odds for the next 10 months, but after a year they won't matter. 

Have you gone to Chase's prequal page to see if the Freedom or Freedom Unlimited come up for you? That's their lowest-tier card you can get a prequal for. 

Check out Citi, Amex and Capital One for prequalified offers as well. 

[Anonymous]

I just received my first pre-approval letter in the mail from continental bank "Reflex" card. Approved for $500 when I pay them $125, which is billed right away. The apr is 30.59% and lets not even talk about the monthly fee of $8 after the first year. Nooooo thank you. But at least I am moving in the right direction, right? The pre-approval flood gates will soon be open and the offers will flow like... Well you get the idea.

[Anonymous]

Chase's pre qualify is your best bet. If you get an offer with a firm APR you have a high chance of approval.

https://www.chase.com/prequalified

[Anonymous]

OP, this is my experience:

1. Pre-approvals come from sub-prime to lure you into the trap - you are wise enough to avoid them.

2. Pre-approvals come when you have certain pre-established relationships (Credit Unions, Wells Fargo, etc) and in good standing - look forward to these/invest in these

3. Pre-approvals with your credit score and report being healthy - these are the Prime lenders. You'll have to work hard and discipline not to have too many inquiries, keep the util and less than 15% and good AAoA.

Chase gets spooky with 5+ inquiries and mid to low scores...

[Anonymous]

Thank you, I'll give it a try in March, because I want my scores to go a bit more higher.

[DeeBee78]

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@Anonymous wrote:
Thank you, I'll give it a try in March, because I want my scores to go a bit more higher.

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FYI, the prequalifer uses the last promotional inquiry Chase made on your credit reports.  A new promotional inquiry will not be generated when you put your information into it. When you go to do it in March, it might contain information that is a couple of months old still. 

[Anonymous]

I already have the AMEX green card which is nearly a year old and in good standing; I also have two Capital One MCs and 16 store credit cards with small balances and high credit limits.

[Anonymous]

Deebee is it known when Chase does promotional inquiries?