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Questions about new cc laws and apping

Valued Member

Questions about new cc laws and apping

Hello,

 

I'm 20 years old and I would like to apply for a new credit card. I've had only one visa card by chase bank since I was 18. Started with a 500 limit and am now at 2,500. My TU score is a 718 and I'd like to upgrade this card to the chase freedom. Would I need a cosigner for this or anything else? I really need a higher limit and promotional apr that comes with this card.

Message 1 of 7
6 REPLIES

Re: Questions about new cc laws and apping

product changes within Chase if it's available on your current card are no credit check. just call and ask customer service if you can pc
Message 2 of 7
Senior Contributor

Re: Questions about new cc laws and apping

i read somewhere that chase is going to be making changes (again) to the freedom, so you may want to investigate before apping.
Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 3 of 7
Established Contributor

Re: Questions about new cc laws and apping


markymark313 wrote:

Hello,

 

I'm 20 years old and I would like to apply for a new credit card. I've had only one visa card by chase bank since I was 18. Started with a 500 limit and am now at 2,500. My TU score is a 718 and I'd like to upgrade this card to the chase freedom. Would I need a cosigner for this or anything else? I really need a higher limit and promotional apr that comes with this card.


 

Good on ya! Just know that the new credit card laws weren't written for you and keep up the good work. I cannot promise this to be true but my guess is that you are only asking for a product change and not a new card. I'm betting they might listen. Hope your balance is very low before you ask.
1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Message 4 of 7
Senior Contributor

Re: Questions about new cc laws and apping

My understanding is that you need to show income or have cosigner to get increased CL.
Message 5 of 7
Valued Member

Re: Questions about new cc laws and apping

Ok, so I'm a big dummy and couldn't wait for your replies and applied for it. I didn't know I could ask for a product change. I applied on 2/25 and have been calling everyday to check on the status of my application. They say it's processing and under review, it will take 7-10 days. So now my questions are, if I get denied can I still ask for a product change? I know I messed up because now they pulled my credit report and can see my history which shows some balances but all of them have been paid off but probably won't be updated until next month.
Message 6 of 7
Valued Member

Re: Questions about new cc laws and apping

If I get approved, I'll have two cards now, right? My slate card will be unactive because there is no reason for me to use it and I do not want to close it and lose the history as it is my first credit card. Can I combine them?
Message 7 of 7