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Contributor
alexak
Posts: 91
Registered: ‎06-04-2012
0

USAA and Chase

Ive been thinking about apping for both USAA Visa (I'm a partial member) and Chase Freedom once my balances on my current cards report as $0 and a few of my Inqs fall off (any time now). My question is I am in a DMP (Debt management program), due to some financial mishaps about 2 years ago. and should be done by January. My question is, will I get denied because one of my cards is in DMP (old BofA card)? 

 

I dont want to burn an inquiry if I have no chance of getting approved :smileysad:

Current: EX(plus) 659, EQ(Lender pull) 661, TU(Lender Pull) 664, Credit Karma: 691, Credit Sesame: 693
GOAL: 750's by Dec 2014
In my wallet: Chase Freedom $2000, Discover IT $1700, Chase Slate $1000, Citi Diamond Preferred $800, WFNNB/Victoria's Secret $500, Orchard Bank $500, Cap One Cash Rewards: $500
AU Bank of America $21,500
Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
0

Re: USAA and Chase

Chase is pretty strict about baddies. You might want to just go for USAA, but on the other hand the worst that can happen is you get denied and a HP.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Contributor
alexak
Posts: 91
Registered: ‎06-04-2012
0

Re: USAA and Chase

[ Edited ]

Ok, what are my chances with USAA? My updated score is in my sig. Hoping to see a small jump when I get my util to 0%. 

 

Also, any other places I can try? Looking for a slightly higher limit and a card that will grow with me, unlike the cards I have now (see sig).

Current: EX(plus) 659, EQ(Lender pull) 661, TU(Lender Pull) 664, Credit Karma: 691, Credit Sesame: 693
GOAL: 750's by Dec 2014
In my wallet: Chase Freedom $2000, Discover IT $1700, Chase Slate $1000, Citi Diamond Preferred $800, WFNNB/Victoria's Secret $500, Orchard Bank $500, Cap One Cash Rewards: $500
AU Bank of America $21,500
Contributor
alexak
Posts: 91
Registered: ‎06-04-2012
0

Re: USAA and Chase

Bump...
Current: EX(plus) 659, EQ(Lender pull) 661, TU(Lender Pull) 664, Credit Karma: 691, Credit Sesame: 693
GOAL: 750's by Dec 2014
In my wallet: Chase Freedom $2000, Discover IT $1700, Chase Slate $1000, Citi Diamond Preferred $800, WFNNB/Victoria's Secret $500, Orchard Bank $500, Cap One Cash Rewards: $500
AU Bank of America $21,500
Regular Contributor
mr_postman
Posts: 179
Registered: ‎01-17-2008
0

Re: USAA and Chase

USAA pulls EQUIFAX with your score of 606 EQ might get denied just my opinoin Chase i wont even waste an inquiry

Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011
0

Re: USAA and Chase


alexak wrote:

Ok, what are my chances with USAA? My updated score is in my sig. Hoping to see a small jump when I get my util to 0%. 

 

Also, any other places I can try? Looking for a slightly higher limit and a card that will grow with me, unlike the cards I have now (see sig).


USAA is a more conservative lender. And they offer better CCs, terms, rewards, etc. to full members than partial ones. I wouldn't waste my time with them until your credit is really good, if you really want an USAA card.

 

I don't think Chase would approve you. They are a prime lender and may balk at your DMP, plus your FICO is pretty low. Your OP says that you have other CCs. What are they? Maybe you can just CLI what you have now. Otherwise, you may need to let them age a bit so your FICO improves before apping for prime CCs.

 

Maybe when your DMP is done in Jan, your scores will jump.

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Contributor
alexak
Posts: 91
Registered: ‎06-04-2012
0

Re: USAA and Chase

Right now I have cap1 green and orchard bank unsecured... I've read they do not give customer initiated CLIs, or I would have gone that route. In DMP is an old Bank of America card and paid off can closed is an old cap1 platinum visa card.

Not sure why my EQ from USAA CMS is so much lower than my FICO...
Current: EX(plus) 659, EQ(Lender pull) 661, TU(Lender Pull) 664, Credit Karma: 691, Credit Sesame: 693
GOAL: 750's by Dec 2014
In my wallet: Chase Freedom $2000, Discover IT $1700, Chase Slate $1000, Citi Diamond Preferred $800, WFNNB/Victoria's Secret $500, Orchard Bank $500, Cap One Cash Rewards: $500
AU Bank of America $21,500
Valued Contributor
rootpooty
Posts: 1,739
Registered: ‎10-28-2011
0

Re: USAA and Chase


alexak wrote:

Not sure why my EQ from USAA CMS is so much lower than my FICO...

dont pay any attention to a score that isnt a FICO cause it doesnt mean anything.  I wouldnt do USAA anytime soon cause they are known for high APR especially for partial members plus right now you would get denied anyways.  How long have you had your orchard and cap one?  Id wait till your eq fico is higher than 680ish plus one year of solid history and low util reporting before app with freedom.  If you app now and a miracle happens where you are approved it would only be for around 500 cl with a high apr as well.

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Contributor
alexak
Posts: 91
Registered: ‎06-04-2012
0

Re: USAA and Chase

[ Edited ]

I've had Orchard since Jan 2012 and Cap1 since June, both with a $300 limit.

Current: EX(plus) 659, EQ(Lender pull) 661, TU(Lender Pull) 664, Credit Karma: 691, Credit Sesame: 693
GOAL: 750's by Dec 2014
In my wallet: Chase Freedom $2000, Discover IT $1700, Chase Slate $1000, Citi Diamond Preferred $800, WFNNB/Victoria's Secret $500, Orchard Bank $500, Cap One Cash Rewards: $500
AU Bank of America $21,500
Member
re383209
Posts: 17
Registered: ‎08-21-2012
0

Re: USAA and Chase

I will say I just go approved for the freedom with a 2k limit with 2 collection a little under 1k balance both being paid on, I was initially denied a reconed 4 times before finally getting approved they pulled an transunion 619 on me no late payments though on my report

CC Capital one secure(300 limit) Ohio university Credit Union(1000 limit)
Chase Freedom(500 Limit) CSP(500 limit) Chase Slate($7.5lmit) GE Capital(3.5klmit), Home Depot (2K lmit), Walmart Discover(6k lmit) Lowes(3k limit) Jeep Master card(2.2klmit) Amex BCE(2k lmiit) Amex PRG(Charge card)
Removed Derogatory, Deka Collections($850), UCA($2.7), NCOFin 55($135)GLA Collections($850)
Trans Union(625 1/3.2014) Experion(612 1/3/2014) Equifax( 602 1/3/12),
Trans Union(552 4/3.2012) Experion(538 4/3/2012) Equifax( 593 4/3/12)

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