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Valued Contributor
Posts: 1,277
Registered: ‎09-22-2009
0

JP Morgan Select Approval

I've had a beef with Chase since they took over WAMU, when they rate jacked my account to 29.99% for no reason, and refused to lower my APR for the past four years.  My Chase Sapphire (which started out as a Slate card) has been in the sock drawer since.   So, against my better judgement, I applied for tthe Select and was approved for a $15,800 CL at 13.24%.   I plan on transferring my Sapphire CL to the Select hopefully, and closing the Sapphire.  We'll see how that goes.  Smiley Indifferent

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Established Contributor
Posts: 614
Registered: ‎10-23-2011
0

Re: JP Morgan Select Approval

Nice! Congrats! Smiley Happy You must have high income to get a high starting credit limit


Starting Score: EQ 686 10/18/11, TU 689 10/25/11, EX 685 10/11 (Amex Pull)....these are all FICO scores
Current Score: EQ 702 10/24/11, TU 689, EX 685
Goal Score: 750+

Score Update: EQ: 743 (02/03/12) TU: 741 (Walmart 01/11/12), now 761 as of 01/27/12 (Walmart), EX: 741 (Amex 01/04/12)
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Established Member
Posts: 30
Registered: ‎06-11-2010
0

Re: JP Morgan Select Approval

Very nice starting CL,I would think you must make 6 figures to start off at that much.. 

Valued Contributor
Posts: 1,277
Registered: ‎09-22-2009
0

Re: JP Morgan Select Approval


Anthony30 wrote:

Very nice starting CL,I would think you must make 6 figures to start off at that much.. 


I do, but that's beside the point.  I wanted to get a lower APR with Chase, and the only reason I could was by applying for a differnt card, which is ridiculous when you think about it.  They could have easily reduced the APR on my existing card.  So I applied for a new one and received a 16.24% lower APR.  I do PIF every month,  so the APR doen't really matter, its the principal of it is what matters to me.  It's stupid that I had to do what I did to acheive this.

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Established Member
Posts: 30
Registered: ‎06-11-2010
0

Re: JP Morgan Select Approval

Yea your right it doesn't make much sense that you had to apply for another card to get a lower APR with the same CCC. Some of these companies never seem to amaze me. 

Valued Contributor
Posts: 1,277
Registered: ‎09-22-2009
0

Re: JP Morgan Select Approval

We'll have to see how they react.  I'll be attempting to transfer an 8K CL to the new card.  

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Frequent Contributor
Posts: 485
Registered: ‎02-17-2008
0

Re: JP Morgan Select Approval

Congrats on your new card! I have a select card myself, with a rate around 10%. I did a PC from a sapphire so kept that rate.  Interested in how chase handles your request to move credit lines around. My mom just got the sapphire with the sign up bonus, but was approved at a low limit(7.5k). Hopefully she can move credit from her BA or Freedom card. Let us know how you make out. Also enjoy your new card!  Mine is already looking crappy..LOL


Starting Score: 744
Current Score: 744
Goal Score: 800


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Valued Contributor
Posts: 1,277
Registered: ‎09-22-2009
0

Re: JP Morgan Select Approval

I'll be sure to let everone know how (and if) it works out! Smiley Happy

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Frequent Contributor
Posts: 485
Registered: ‎02-17-2008
0

Re: JP Morgan Select Approval

If  you don't mind me asking how much do you plan on moving? My mom wants to move 20K from her BA card. So she has more available credit on the more useful card. 


Starting Score: 744
Current Score: 744
Goal Score: 800


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Valued Contributor
Posts: 1,277
Registered: ‎09-22-2009
0

Re: JP Morgan Select Approval

My Sapphire card is 8K, which is half of what it was when it was a WAMU card.  Smiley Mad  

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
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