@espnjunkie wrote:Chase Freedom is considered to be a prime card and without established credit history there is pretty much zero chance of successful recon. I'd suggest applying for a starter Capital One card, letting that account age for 6 months and then applying from there
I'd beg to differ on the Freedom's being a prime card (640 FICO qualification, or anyone describing any card as "prime" for that matter); however, you're correct: Chase's near hard-line minimum is 1 year on a revolving tradeline for a Freedom. Exceptions have been made but it's few and far between and usually when someone has a non-trivial relationship with Chase already. Traditionally they haven't counted AU's either is my understanding.
@nukpana: Chase simply isn't student friendly, nor new credit file friendly. They had a student card at one point and they likely had a secured card at one point as well, but they haven't in years. Think that was part portfolio management, and part marketing (vis a vis old-school Amex), not certain why they haven't changed that as there's a Chase bank popping up on nearly every street corner in the sleepy married-with-children portion of LA I live in: if they're reaching out to compete with BOFA and WF on the consumer side, you'd think they'd open up their portfolio options a bit more.
I think Cap One unsecured is a good recommendation, as is either a BOFA or SDFCU secured card. When did you get added as the AU (ACM) on the Costco Amex? If it's been a while you might have more options but I am unfamiliar with AU-only files when it comes to most lender approvals: someone can likely better answer that question if you have non-trivial time on that tradeline.
@Revelate wrote:
@espnjunkie wrote:Chase Freedom is considered to be a prime card and without established credit history there is pretty much zero chance of successful recon. I'd suggest applying for a starter Capital One card, letting that account age for 6 months and then applying from there
I'd beg to differ on the Freedom's being a prime card (640 FICO qualification, or anyone describing any card as "prime" for that matter); however, you're correct: Chase's near hard-line minimum is 1 year on a revolving tradeline for a Freedom. Exceptions have been made but it's few and far between and usually when someone has a non-trivial relationship with Chase already. Traditionally they haven't counted AU's either is my understanding.
@nukpana: Chase simply isn't student friendly, nor new credit file friendly. They had a student card at one point and they likely had a secured card at one point as well, but they haven't in years. Think that was part portfolio management, and part marketing (vis a vis old-school Amex), not certain why they haven't changed that as there's a Chase bank popping up on nearly every street corner in the sleepy married-with-children portion of LA I live in: if they're reaching out to compete with BOFA and WF on the consumer side, you'd think they'd open up their portfolio options a bit more.
I think Cap One unsecured is a good recommendation, as is either a BOFA or SDFCU secured card. When did you get added as the AU (ACM) on the Costco Amex? If it's been a while you might have more options but I am unfamiliar with AU-only files when it comes to most lender approvals: someone can likely better answer that question if you have non-trivial time on that tradeline.
I'm not certain how set in stone it is but I have heard of another category which I think is applicable here called near prime. These are cards for people in the 600s range. Scores below 600 are considered subprime. There is no way that the freedom is a sub prime card, but it may be the middle ground between sub-prime and prime. Some definitions consider near-prime and sub-prime the same, but I think there is a middle ground. There is a big difference from 500 to 640 for example.
http://www.foxbusiness.com/personal-finance/2013/01/10/banks-offering-more-near-prime-credit-cards/
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@Revelate wrote:Chase's near hard-line minimum is 1 year on a revolving tradeline for a Freedom. Exceptions have been made but it's few and far between and usually when someone has a non-trivial relationship with Chase already.+1several of my young friends applied for freedom and being denied, during recon, they always ask for 1 year credit card history. one of them denied for short of history at 11.5 month mark, recon, got 500CL, after hevey usage for several month, autoCLI to 2k, then apply and approved CSP for 7Kso IMHO, do not waste a hard pull on freedom until you have 12 month positive TL
EX819 1HP|TU797 1HP| EQ(Fico8 BankCard)841
@ OP . You do know Chase no longer does Student loans correct?
