topic Re: Amazon Visa Card Approved post BK without review! in Credit Card Approvals

Amazon Visa Card Approved post BK without review!

Have1 — Sun, 12 Sep 2021 13:11:36 GMT

Hello everyone! I have been thinking that I really wanted an Amazon Visa for a long time. I buy regularly from the website and that 5% cash back makes it a no brainer. But I am aware of Chase's BK aversion and I'm only 5 years post BK (Ch7). I also saw somewhere that AMEX was going to be Amazon's new card servicer and since I burned them in BK I figured I had better get on board with Chase ASAP since my understanding is that AMEX doesn't forget or forgive.

I did my research. I had the recon number ready: I had rehearsed my recon pitch. I had my reference documents organized. I pulled the trigger fully expecting a denial and a stressful recon call to Chase.

To my great surprise, it was an instant approval for the standard $5,000 initial limit. Whether that will get upped later, I do not know. The rate is 22.24%. I was credited with the $100 gift card SUB and my new Visa has been made my primary payment method on Amazon.

Profile and application information:

My FICO 8 (Exp) was 700 as of yesterday. I used $85,000 for my gross income number. I have about $25,000 in available revolving credit and I maintain a utilization in the 1-3% area. I have a mortgage, a vehicle loan that was paid off in August (but hasn't reported that yet), 5 revolving accounts and an overdraft LoC. My oldest account (closed) is AMEX at 32 years. My average age of open accounts is little over 5 years (I carried two positive accounts through BK). I did have a Chase card from 1996 to about 2006 with no negatives on it. Whether they know or care about that, I don't know. But they are all about relationships, right?

I have one account with a derogatory status (Amex IIB) and one Public Record (Ch7 BK) on my credit report. No other negatives.

Now, whether I'll get a boosted limit or retroactive denial once they review what they did, I don't know. But I am hopeful that I have added a card I can make good use of.

Re: Amazon Visa Card Approved post BK without review!

Red1Blue — Sun, 12 Sep 2021 13:12:50 GMT

Congrats

Re: Amazon Visa Card Approved post BK without review!

CreditAggie — Sun, 12 Sep 2021 13:37:13 GMT

Congratulations on your Amazon Visa approval!

Re: Amazon Visa Card Approved post BK without review!

CreditCuriosity — Sun, 12 Sep 2021 13:53:15 GMT

Congrats on the approval.. Also as far as I know it hasnt been determined if Amazon Visa is even leaving chasing let along going to AMEX on their non business side. Chase very well can keep the profile with new terms.

Re: Amazon Visa Card Approved post BK without review!

Have1 — Sun, 12 Sep 2021 14:02:57 GMT

"Also as far as I know it hasnt been determined if Amazon Visa is even leaving chasing let along going to AMEX on their non business side. Chase very well can keep the profile with new terms. "

@CreditCuriosity It was something I saw and it effected my decision making process, so I thought I'd mention it. Hopefully, the detail I included will help someone who's trying to decide whether to pull the trigger.

Re: Amazon Visa Card Approved post BK without review!

Elpadrino1 — Sun, 12 Sep 2021 14:27:52 GMT

Congratulations on your approval!!

Re: Amazon Visa Card Approved post BK without review!

JR_TX — Sun, 12 Sep 2021 15:15:16 GMT

Congrats on the Chase Amazon instant approval despite BK reporting!

As far as it being a new or different Chase policy or just an outlier, I guess we won't know for certain until we see a lot of these in the approval section.

Re: Amazon Visa Card Approved post BK without review!

cashorcharge — Sun, 12 Sep 2021 15:19:20 GMT

That’s pretty good! Congratulations on your Chase approval!! 👏🏼🎉🍾

Re: Amazon Visa Card Approved post BK without review!

SouthJamaica — Sun, 12 Sep 2021 15:26:24 GMT

@Have1 wrote:
Hello everyone! I have been thinking that I really wanted an Amazon Visa for a long time. I buy regularly from the website and that 5% cash back makes it a no brainer. But I am aware of Chase's BK aversion and I'm only 5 years post BK (Ch7). I also saw somewhere that AMEX was going to be Amazon's new card servicer and since I burned them in BK I figured I had better get on board with Chase ASAP since my understanding is that AMEX doesn't forget or forgive.

I did my research. I had the recon number ready: I had rehearsed my recon pitch. I had my reference documents organized. I pulled the trigger fully expecting a denial and a stressful recon call to Chase.

To my great surprise, it was an instant approval for the standard $5,000 initial limit. Whether that will get upped later, I do not know. The rate is 22.24%. I was credited with the $100 gift card SUB and my new Visa has been made my primary payment method on Amazon.

Profile and application information:
My FICO 8 (Exp) was 700 as of yesterday. I used $85,000 for my gross income number. I have about $25,000 in available revolving credit and I maintain a utilization in the 1-3% area. I have a mortgage, a vehicle loan that was paid off in August (but hasn't reported that yet), 5 revolving accounts and an overdraft LoC. My oldest account (closed) is AMEX at 32 years. My average age of open accounts is little over 5 years (I carried two positive accounts through BK). I did have a Chase card from 1996 to about 2006 with no negatives on it. Whether they know or care about that, I don't know. But they are all about relationships, right?

I have one account with a derogatory status (Amex IIB) and one Public Record (Ch7 BK) on my credit report. No other negatives.

Now, whether I'll get a boosted limit or retroactive denial once they review what they did, I don't know. But I am hopeful that I have added a card I can make good use of.

Congratulations. It's a good card. Enjoy it.

Re: Amazon Visa Card Approved post BK without review!

Sub16610 — Sun, 12 Sep 2021 15:37:44 GMT

Congratulations on your Amazon Visa approval! Thank you so much for our DP's.

Re: Amazon Visa Card Approved post BK without review!

JLRDC909 — Sun, 12 Sep 2021 15:45:07 GMT

This is probably one of the best post-BK postings I've read. Chase (along with BofA and Citi) has never been a big fan of blemishes on CRs. Approx 7-10 years ago, on their applications, you had to check a box to indicate you were free of bankruptcies. They later got rid of that box to check, but they are so strict about things, surprisingly they approved you and that's good.

I have read where a lot of recent CLIs have been happening with this card, so maybe Chase is overlooking things. Either way, good for you !

Re: Amazon Visa Card Approved post BK without review!

mrcraft — Sun, 12 Sep 2021 15:59:21 GMT

Congratulations on your approval!!

Re: Amazon Visa Card Approved post BK without review!

betterplace — Sun, 12 Sep 2021 16:02:07 GMT

Congrats on your Approval!

Re: Amazon Visa Card Approved post BK without review!

gdale6 — Sun, 12 Sep 2021 16:18:00 GMT

Grats on your Amazon approval

Re: Amazon Visa Card Approved post BK without review!

Anonymous — Sun, 12 Sep 2021 17:31:31 GMT

Congrats on the Amazon approval!

Re: Amazon Visa Card Approved post BK without review!

KingRue8500 — Sun, 12 Sep 2021 21:20:20 GMT

Congrats on your Amazon Visa approval

Re: Amazon Visa Card Approved post BK without review!

blb2397 — Sun, 12 Sep 2021 23:42:04 GMT

Congrats! Is that really the case - 5k typical starting limit?

Re: Amazon Visa Card Approved post BK without review!

Anonymous — Mon, 13 Sep 2021 04:02:11 GMT

Congrats !

Re: Amazon Visa Card Approved post BK without review!

Total80sKid — Mon, 13 Sep 2021 04:28:59 GMT

Congrats on your Chase Amazon Prime approval 👍🏼

Re: Amazon Visa Card Approved post BK without review!

Have1 — Mon, 13 Sep 2021 06:19:33 GMT

@blb2397 wrote:
Congrats! Is that really the case - 5k typical starting limit?

Thank you!

I'm not an expert at the insides of Chase and Amazon, but I saw it referenced here in the forums as being the "typical" instant approval limit.

There were some posts that said their limit was automagically raised when the actual card was issued. There were other posts that said lower limits were given on delayed applications, if approved. YMMV, and all that.