topic Re: Chase denied last month but now prequalified? in Credit Card Approvals

Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:14:07 GMT

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:35:04 GMT

@Anonymous wrote:
I just punched my wife's info and got her pre-qualified. She was denied last month. What do you guys say about her getting approved?

Scores?

Re: Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:15:14 GMT

Re: Chase denied last month but now prequalified?

Ragelog — Tue, 23 Dec 2014 03:42:19 GMT

I would say approved worst case via recon.

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:42:48 GMT

@Anonymous wrote:
TU 716, EX 725, EQ 709.

App.

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:43:41 GMT

@Anonymous wrote:
TU 716, EX 725, EQ 709.

I'm surprised she was denied last month. What were the reasons Chase cited as reason for denial on her denial letter? Also, what was her score according to Chase's internal scoring system?

Re: Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:15:27 GMT

Re: Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:15:39 GMT

Re: Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:15:48 GMT

Re: Chase denied last month but now prequalified?

Ragelog — Tue, 23 Dec 2014 03:50:06 GMT

I have heard mixed info on Chsse and APR reduction.

Re: Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:16:03 GMT

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:52:34 GMT

@Anonymous wrote:
What do you guys say with that APR. Her credit is 6 months old. My wife is waiting to hit submit.

Do it.

She can always reapply 2 years from now for a better APR and another spend bonus.

Re: Chase denied last month but now prequalified?

Ragelog — Tue, 23 Dec 2014 03:52:54 GMT

Dont carry a balance use the card for the rewards and pay it off.

Re: Chase denied last month but now prequalified?

Ragelog — Tue, 23 Dec 2014 03:54:23 GMT

@Anonymous wrote:
@Anonymous wrote:
What do you guys say with that APR. Her credit is 6 months old. My wife is waiting to hit submit.
Do it.

She can always reapply 2 years from now for a better APR and another spend bonus.

Do you have to close your original card to do this?

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:54:47 GMT

@Ragelog wrote:
Dont carry a balance use the card for the rewards and pay it off.

Isn't that sort of the motto of myFICO anyway?

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:54:56 GMT

@Ragelog wrote:

@Anonymous wrote:
@Anonymous wrote:
What do you guys say with that APR. Her credit is 6 months old. My wife is waiting to hit submit.
Do it.

She can always reapply 2 years from now for a better APR and another spend bonus.
Do you have to close your original card to do this?

Yes.

Re: Chase denied last month but now prequalified?

FinStar — Tue, 23 Dec 2014 03:55:34 GMT

@Anonymous wrote:
@Anonymous wrote:
What do you guys say with that APR. Her credit is 6 months old. My wife is waiting to hit submit.
Do it.

She can always reapply 2 years from now for a better APR and another spend bonus.

There's always this option. Chase doesn't really have a positive record with lowering APRs (for customer-initiated requests). They do happen automatically from time to time but only if the account qualifies. Which is why some folks close and then reapply a few years later when the profile is much more optimal for a better rate.

Re: Chase denied last month but now prequalified?

Ragelog — Tue, 23 Dec 2014 03:56:29 GMT

@Anonymous wrote:
@Ragelog wrote:
Dont carry a balance use the card for the rewards and pay it off.
+1

Isn't that sort of the motto of myFICO anyway?

I would say one of them for sure especially once zero percent offers have expired.

Re: Chase denied last month but now prequalified?

Anonymous — Mon, 19 Jan 2015 02:16:29 GMT

Re: Chase denied last month but now prequalified?

Anonymous — Tue, 23 Dec 2014 03:59:04 GMT

@Anonymous wrote:

Call recon in the morning.