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Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
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Is opening a Chase Checking account really a way to get your foot in the door?

I've read online, I actually think it was on these forums somewhere, that opening a Chase Checking account helps you get your foot in the door with them? More specifically, I saw someone say "Open a checking account with them and then apply for the freedom in a few months". Does having the checking account really improve chances with their cards?

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

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New Contributor
tatterz
Posts: 121
Registered: ‎02-26-2013
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

Perhaps if you apply at your local branch. If they see that you are in good standing and eager to bank with them, they are probably more opt to lean towards your side and helping you get Freedom. If you apply online, I don't think the automated computer really looks at that or cares but the human element makes a difference.

TU: 730 (Lender Pull) ; EQ: 738 (MyFico)
Age:21
Barclay's Sallie Mae 5% Mastercard $1k(4/2013)- My main beach
Chase Freedom $3k (3/2013) - My side beach
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Established Contributor
scenery_guy
Posts: 936
Registered: ‎07-24-2012
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

Yes, it helps, or it helped me. 

Valued Contributor
indiolatino61
Posts: 1,483
Registered: ‎11-10-2012
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

[ Edited ]

WallyxD wrote:

I've read online, I actually think it was on these forums somewhere, that opening a Chase Checking account helps you get your foot in the door with them? More specifically, I saw someone say "Open a checking account with them and then apply for the freedom in a few months". Does having the checking account really improve chances with their cards?


I guess it's YMMV...I have had one for 3 years and was denied the Freedom in October, 2012. I did not apply at the branch though, just online. Next time I'll do it in the branch.

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Valued Contributor
dodfire
Posts: 1,453
Registered: ‎04-14-2012
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

Chase Checking / Savings 4+ years... Applied online.... DENIED!!

*8/10/13
Frequent Contributor
E150GT
Posts: 371
Registered: ‎12-30-2012
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

I don't have a chase checking account. I have two chase cards. It's not necessary

CSP-$8700, Amex BCE-17.2k, Chase Freedom-$5700
Discover It-$6600, USAA MC-$5900 Ink Bold- $18k
EQ-742 EX-702 TU-737
Moderator
09Lexie
Posts: 26,609
Registered: ‎09-13-2012
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

[ Edited ]
I have the Freedom, no banking relationship.

Edit: I did have an auto loan with them. 😏
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
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Re: Is opening a Chase Checking account really a way to get your foot in the door?

in a way......it can. it may not necessarily be a checking account. it can be a savings, CDO, investments, mortage, auto loan, etc.

 

as for checkings, savings, CDO, it honestly boils down to how much money you have with them. they do look at your average daily balance and you need to have the account for some time, so it's not like you can deposit 100k, apply for the card on the same day, get approved, and withdraw instantly. It helps, but it's not necessary. And if you're just putting a few hundreds to thousands, it probably won't help.

 

As for mortage / loans etc, you're basically building relationship with Chase. They're making money out of your mortage / auto loan, and at the same time it also gives them more confidence about giving you a card.

 

So in general if you ask me..........it's indeed a way to get your foot in the door, but only if the amount you're depositting is adequate. Is it necessary though? Definitely not. The posters above have provided a few examples where they got approved w/o any checkings, and denied when they already have accounts with Chase.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Frequent Contributor
WallyxD
Posts: 273
Registered: ‎10-02-2012
0

Re: Is opening a Chase Checking account really a way to get your foot in the door?


enharu wrote:

in a way......it can. it may not necessarily be a checking account. it can be a savings, CDO, investments, mortage, auto loan, etc.

 

as for checkings, savings, CDO, it honestly boils down to how much money you have with them. they do look at your average daily balance and you need to have the account for some time, so it's not like you can deposit 100k, apply for the card on the same day, get approved, and withdraw instantly. It helps, but it's not necessary. And if you're just putting a few hundreds to thousands, it probably won't help.

 

As for mortage / loans etc, you're basically building relationship with Chase. They're making money out of your mortage / auto loan, and at the same time it also gives them more confidence about giving you a card.

 

So in general if you ask me..........it's indeed a way to get your foot in the door, but only if the amount you're depositting is adequate. Is it necessary though? Definitely not. The posters above have provided a few examples where they got approved w/o any checkings, and denied when they already have accounts with Chase.

 


Yeah the fact that you said "just putting a few hundreds to thousands, probably won't help", I no longer have interest in opening an account. I don't even make a thousand dollars a month haha. But thank you everyone for your input.

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

Gardening until util 30%
TU Fico: 652 (3/11/14)
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Is opening a Chase Checking account really a way to get your foot in the door?

I would think It does especially if you have a good bit of $$$ in the bank and you apply in-branch.



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