topic Re: Pre-Approval Page on Chase Gave Me Nothing in Credit Card Approvals

Pre-Approval Page on Chase Gave Me Nothing

HomeBuyerSpring2021 — Mon, 06 Apr 2020 11:38:59 GMT

So after much discussion here on the boards, I decided to apply for the Chase Freedom Unlimited card, so I could have a 0% card for the upcoming months. I know it's a hard pull, but I don't have any inquiries & don't plan to apply for a loan/mortgage in the next 12 months. My FICO8s are 725-734 (just recently having gone up 25+ points due to a final derogatory account from the 2008 recession fall-out being removed). Vantage3 that my Chase account has recently pulled is 766.

I've had the Chase Amazon Prime Rewards card since 8/2016. I've always paid the card on time, probably 95% of the time paid in full. Current balance is $0. My interest rate is 24.24%, so while I could ask for a CLI on that card, since I'll be likely carrying a balance for the next few months that doesn't look appealing.

When I signed in & filled out the pre-qual form on Chase's site, it said it didn't have any offers for me. Then it said, this might be because of my preference settings for receiving offers. When I look at my preferences, I don't see one that would block them (not their affiliates) from giving me offers.

My issue is that I'm in a small window where my reported balances look as good as they are going to look for a while & my other cards who would do a soft pull haven't updated their regular pulls of my credit score to reflect the greatly improved score & won't until early May by which time my reported balances aren't going to look as pretty.

So my question is, should I view this lack of offers on the pre-qual screen as a warning sign not to waste a hard pull on this card? And if so, is there a good 0% card I should go for? I currently have cards from Citi, CapOne, AMEX, Chase, Discover all of whom have my lower FICO on file & won't update until May, so I'd sacrifice a hard pull on a new-to-me card issuer if they have a quality 0% card.

Thanks in advance,

Kimberly

Re: Pre-Approval Page on Chase Gave Me Nothing

Gmood1 — Mon, 06 Apr 2020 11:47:16 GMT

I've never had a prequal for Chase.

But have had six or seven CCs with them over the last 4 or 5 years.

Re: Pre-Approval Page on Chase Gave Me Nothing

Mv350 — Mon, 06 Apr 2020 12:12:15 GMT

If you are under the 5 new card accounts in the last 24 months and have a positive banking relationship with them, including a card. I'm sure that you would be ok to apply for a new chase card. Pre-approvals don't always mean yes, and nothing doesn't always mean no.

Re: Pre-Approval Page on Chase Gave Me Nothing

AverageJoesCredit — Mon, 06 Apr 2020 12:23:20 GMT

With history, zero inquiries, and under 5/24 you should be ok. Not sure on amount they give you but its as good as you can get heading into a Chase application. Good luck

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 12:32:29 GMT

Good luck!!

Re: Pre-Approval Page on Chase Gave Me Nothing

HomeBuyerSpring2021 — Mon, 06 Apr 2020 12:58:50 GMT

Okay I have something to admit to you all now ... I LOVE YOU!!!!

Just applied. Was approved for $17,700. My highest credit limit on any card as of yesterday was $9,400. I'm thrilled!

The 2008 recession right as I was getting divorced, had no income other than a co-owned business that was decimated & my mother got sick in another city with a rare chronic lung bacterial infection (that I had to manage) & then Alzheimer's (she's still living). Oh and I had 4 & 7 year old children. That last of 4 derogatory accounts finally fell off this week & while I've been managing my credit between then & now, my hands were really tied as to how much movement I could make. So this was my first step toward freedom!

So thank you, thank you, thank you to everyone on this forum who shares their wisdom.

Kimberly

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 14:03:05 GMT

@HomeBuyerSpring2021 wrote:
... approved for $17,700 ...

Sweeeeeeeeeet approval -- Congrats! I love a happy ending.

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 14:19:18 GMT

Congrats!

I totally forgot about the prequal page for Chase and decided today to give it a go for funsies. I've never seen a prequal spit back it's answer so fast. It was like literally as soon as I hit the submit button, it instantly came back laughing at me.

Re: Pre-Approval Page on Chase Gave Me Nothing

Gmood1 — Mon, 06 Apr 2020 14:21:24 GMT

@HomeBuyerSpring2021

Congratulations on your success!!

We love you too!!❤️

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 14:25:32 GMT

Congratulations!!

Re: Pre-Approval Page on Chase Gave Me Nothing

CreditobsessedinFL — Mon, 06 Apr 2020 14:45:20 GMT

Congratulations 🎊🎉🍾🎈!!!

Re: Pre-Approval Page on Chase Gave Me Nothing

trant3 — Mon, 06 Apr 2020 15:02:14 GMT

I've never had prequal from that tool yet have been approved for over 4-5 cards with Chase. With your profile and if youre under 5/24, you will be approved no doubt.

@HomeBuyerSpring2021 wrote:
So after much discussion here on the boards, I decided to apply for the Chase Freedom Unlimited card, so I could have a 0% card for the upcoming months. I know it's a hard pull, but I don't have any inquiries & don't plan to apply for a loan/mortgage in the next 12 months. My FICO8s are 725-734 (just recently having gone up 25+ points due to a final derogatory account from the 2008 recession fall-out being removed). Vantage3 that my Chase account has recently pulled is 766.

I've had the Chase Amazon Prime Rewards card since 8/2016. I've always paid the card on time, probably 95% of the time paid in full. Current balance is $0. My interest rate is 24.24%, so while I could ask for a CLI on that card, since I'll be likely carrying a balance for the next few months that doesn't look appealing.

When I signed in & filled out the pre-qual form on Chase's site, it said it didn't have any offers for me. Then it said, this might be because of my preference settings for receiving offers. When I look at my preferences, I don't see one that would block them (not their affiliates) from giving me offers.

My issue is that I'm in a small window where my reported balances look as good as they are going to look for a while & my other cards who would do a soft pull haven't updated their regular pulls of my credit score to reflect the greatly improved score & won't until early May by which time my reported balances aren't going to look as pretty.

So my question is, should I view this lack of offers on the pre-qual screen as a warning sign not to waste a hard pull on this card? And if so, is there a good 0% card I should go for? I currently have cards from Citi, CapOne, AMEX, Chase, Discover all of whom have my lower FICO on file & won't update until May, so I'd sacrifice a hard pull on a new-to-me card issuer if they have a quality 0% card.

Thanks in advance,

Kimberly

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 14:54:56 GMT

Congratulations on your approval and sweet SL! 👍

Re: Pre-Approval Page on Chase Gave Me Nothing

M_Smart007 — Mon, 06 Apr 2020 15:20:11 GMT

Congratulations on your approval!

Re: Pre-Approval Page on Chase Gave Me Nothing

AllZero — Mon, 06 Apr 2020 15:29:41 GMT

Congratulations on your massive approval!

Re: Pre-Approval Page on Chase Gave Me Nothing

pinkandgrey — Mon, 06 Apr 2020 15:34:55 GMT

I've never seen a prequal for Chase lol. If it's a card you really can use, give it a try. Even if you don't get it, it's only one HP. And it sounds like you don't have a problem with inquiries anyway.

Good luck!

EDIT:

Congrats on a killer approval for the FCU! Amazing SL!

Re: Pre-Approval Page on Chase Gave Me Nothing

HomeBuyerSpring2021 — Mon, 06 Apr 2020 16:28:14 GMT

Thanks everyone. I appreciate the great advice I've received here from people who have successfully navigated the credit world. It's so much easier to shore up your reserves when you're not at the bottom of the barrel. I had great credit before the recession (I'm assuming) because I'd always paid my credit card bills in full, on time, had a car loan & had never even had late library fees (or Blockbuster fees ... yes I'm that old). But I was totally ignorant about credit. But when you lose your income, it becomes difficult to pay your bills. A very harsh lesson learned. And beyond delving into credit sites & articles, the people on this forum take it to the next level with situation-specific advice, so again a big thank you!

Kimberly

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 16:59:14 GMT

Well i was going to say that with your stats, I don't think you need a pre-qual/pre-approval. Those are generally meant for people who might have a questionable CR, in terms of high HP's combined with excessive new accounts and low scores.

Congrats on your Awesome SL!

Re: Pre-Approval Page on Chase Gave Me Nothing

newfossil — Mon, 06 Apr 2020 17:28:58 GMT

Congratulations!

Re: Pre-Approval Page on Chase Gave Me Nothing

Anonymous — Mon, 06 Apr 2020 19:54:46 GMT

Congratulations!