topic Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS in Credit Card Approvals

Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Brickbybrick — Thu, 22 Jun 2017 19:17:05 GMT

Hello my friends, God bless you all first of all and I know it's redundant in all my posts but NONE of this was possible without you all. So much love.

So as a lot of you probably know I started around 580 3 months back and got my EXP 08 to 677, but my other two scores are sub 650.

Started with Credit One 8 months back, SL $500 and got it to $600.

Merrick Bank then in the mail, started $550 will go to $1100 July 3 per my phone call today. 7 Statements

Capital One QS started at $500 and now at $600! Credit Steps will take it to $750 next month.

JCrew $250 via SCT

Amex Every Day started at $500, just got this last month will go 3X CLI in August

ANNNNND NOW! Notice how all my SLs were $500, I applied for a Chase Freedom Unlimited and they BLEW away all my SLs with an SL of $2500! I'm in shock and so, so happy at the same time. No more applying at ALL and will keep on shooting down collections. Today was significant day in my rebuild, so ecstatic.

I hope this can help others go for this card if they have inquiries in hand and maybe get a way higher SL than their average.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

padme — Thu, 22 Jun 2017 19:24:09 GMT

now go cancel all those rebuildER cards congrats

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Brickbybrick — Thu, 22 Jun 2017 19:45:40 GMT

So drop Credit One AND Merrick? They're my oldest cards and merrick will be my second highest credit limit.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Brickbybrick — Thu, 22 Jun 2017 19:45:56 GMT

Also thanks!

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Total80sKid — Thu, 22 Jun 2017 21:38:59 GMT

Congrats on the approval!

I can't wait until my past 3yrs of hard work finally show up on a card

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

austinguy907 — Thu, 22 Jun 2017 21:48:38 GMT

If you're paying to use the card then it's not a good card to keep around.

Credit 1 and Merrick are known to charge monthly fees just to have the cards regardless of whether or not you actually use them.

Concentrate on AMEX (will grow exponentially with the 3X CLI method) and the Crap1 (every 6 months) and you'll more than make up for the loss of the other 2 and you won't be paying for nothing each month. Don't be sentimental about Cr1 and merrick.....ditch them as fast as you can and while you're growing your other cards the pain will fade from them leaving. Quality over Quantity

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Anonymous — Thu, 22 Jun 2017 22:05:08 GMT

Congrats on your successes!

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

padme — Thu, 22 Jun 2017 22:11:03 GMT

you have a chase and a amex, you don't need the others, pay off and close them asap, try the Capone preq site after having the qs1 for 6 months.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

pipeguy — Thu, 22 Jun 2017 22:13:31 GMT

@Brickbybrick wrote:
So drop Credit One AND Merrick? They're my oldest cards and merrick will be my second highest credit limit.

Congrats on getting in with Chase - yup kill Credit One .... your call on Merrick since I don't they are as "evil" as Credit One.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

padme — Thu, 22 Jun 2017 22:22:26 GMT

btw OP everyone here has been at the crossroads you are now, trust us you'll thank us later, one missed credit one fee will make you lose 40 points

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Anonymous — Thu, 22 Jun 2017 22:33:08 GMT

Def get rid of the SUBPRIME cards.

Amex and Chase are great to be in with.

You really dont want those crappy credit card companies on your credit reports anyway !

They have already served their purpose.

Kick Them To The Curb Buddy.........

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Brickbybrick — Fri, 23 Jun 2017 00:41:51 GMT

Sorry Padme I don't understand, if I close Credit One I'll go DOWN 40Pts? And thanks guys, I'll cut out Credit One once I understand what it'll do to me and Merrick another 6 months once I get approved for Disco

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

austinguy907 — Fri, 23 Jun 2017 01:25:58 GMT

What he was saying is if you don't have autopay setup on Credit 1 and you miss one of thsoe monthly fee payments is that your score could drop 40 points by missing the payment.

Why not cut the fees and close both of them now and then concentrate on the prime cards? Why would you pay a monthly fee for something you don't use?

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Anonymous — Fri, 23 Jun 2017 05:25:23 GMT

Congrats! Chase Freedom gave me my first huge limit and lowest Apr. I only had a qs1 and a couple comenity store cards when I applied. Chase started me at $10k. I broke my jaw when my chin hit the floor so hard! lol

Credit One is horrible. Nothing should happen if you cancel, other than they might bug you to death the first month or two. Because it stays on your credit report for 10 years after you close it, it won't affect your average age of accounts. With the small limit, it isn't padding your utilization enough to affect that aspect of your score. Merrick bank is better than credit one, but not by much. Chase started you with a limit you will never get to with Merrick. My husband had both. He had no objection to cancelling credit one but fought me on Merrick lol They were charging him a fee of $3 per month after the 1st year. They denied his request to get rid of the fee. They denied his request to pay the fee on an annual basis. They denied his request to pay the fee in a lump sum. They denied any request to increase his cli. It was at $1800 for 2 1/2 years. If they charge you any fees after the 1st year, cancel it. Don't ever pay for a cli either.

Keep up the good work!

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Total80sKid — Fri, 23 Jun 2017 06:15:22 GMT

Merrick recently gave me my highest non-store card SL at $600.

Chase Freedom stated with $500 2yrs ago and is still stuck at $500.

Credit1 is bad, but they currently have me at my 2nd highest non-store card of $700.

Hopefully Chase or one of my 3yr old Cap1 cards will show some love for me being loyal and never missing a payment or being late and then I can get rid of cards like the Credit1.

As always, YMMV.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Anonymous — Fri, 23 Jun 2017 13:17:30 GMT

Congratulations! I completely agree with the above posts. Quality over quantity.
Close the sub-prime cards and let your good ones age. It won't hurt your CS..but could save you a lot of trouble!

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

ls2016 — Fri, 23 Jun 2017 13:53:52 GMT

Congrats OP on your approval.

I closed my Credit One CC after 9 months of having it. It did not affect my score at all. My util. was already low <1%. It showed closed on my credit reports within days of the closure. $0 balance of course.

I was actually embarassed to swipe it after finding this forum, so I just closed it.

I also closed all store cards that were not above $3500 limit (after only 4 months of having them).

I thought "the more, the better." After extensive research, I found the opposite to be true for several reasons.

I agree with others Quality over Quantity!!! Best Wishes with your rebuild!

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Anonymous — Fri, 23 Jun 2017 13:58:29 GMT

@Brickbybrick wrote:
So drop Credit One AND Merrick? They're my oldest cards and merrick will be my second highest credit limit.

My story is similar to yours Brickbybrick...I started with a Cap 1 and a Credit One 2 .5 yrs ago, both at 500 SL. Today Cap 1 is at 4500 ans Credit One is at 1000. I see no reason to cancel the Credit One....If any rebuiders have high annual fees, you can call and aske them to waive them..Credit One had a annual fee...no more, I called, asked them to remove it and they did...or I would be cancelling their card. Do what ya will, but there are ways do get your credit healthy without cancelling cards, unless they are COSTING YOU MONEY.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

padme — Fri, 23 Jun 2017 14:47:24 GMT

OP when I had credit one, I called to cancel and they said they would wave the annual fee. I would check it all the time then I noticed a $7 a month fee popping up, if I hadn't noticed it, they would hit you with a 30 day late and it would be there for 7 years. So you rebuilders can either keep them or cancel them, if you have at leaSt one prime card, that's what I would do, cancel them.

Re: Chase Unlimited Freedom Approval - MUST READ FOR REBUILDERS

Brickbybrick — Mon, 26 Jun 2017 00:53:42 GMT

I am canceling my Credit One card but I have a question. I have a balance on my Merrick, Capital One, and Amex. Can I still balance transfer to my new chase since it has 0% making it easier for me to knock down? Thanks!