topic Re: Chase Freedom denied because I don't have any credit score in Credit Card Applications

Chase Freedom denied because I don't have any credit score

Anonymous — Wed, 30 Mar 2016 22:51:53 GMT

Hello! I applied in person for a Chase Freedom card and I just received a letter in the mail saying: "Not enough accounts opened long enough to establish a credit history". I do not have any credit cards, and therefore, any credit but I'm over the age of 21 and need to start building my credit ASAP!! I have checking accounts with both Bank of America and Chase (since 2011). Should I call the reconsideration line for Chase, apply for a BOA credit card, or consider opening a student card, possilby with Discover?? Any thoughts on what to do for people with no credit? Are my chances of being approved for a Chase Slate credit card higher or maybe hurt since I was denied for the Freedom card?

Re: Chase Freedom denied because I don't have any credit score

CreditMagic7 — Wed, 30 Mar 2016 22:57:13 GMT

No, you just happen to tap into one of the lenders (Chase) who absolutely & positively REQUIRES at least (1) year (maybe less?) of history from another/other lender(s) first.

Been thru that before when i first started out too. Nothing personal on their part, just a business rule of theirs.

By the way. Welcome To The Forums

Re: Chase Freedom denied because I don't have any credit score

myjourney — Wed, 30 Mar 2016 23:11:36 GMT

Welcome to the forum

Your problem is w/o any credit not only do you have no credit but in all likelihood you have no scores unless you have student loans (do you)?

Student cards are always a good starting point as well as secured cards because they're more likely to give you credit based on being a student although a small starting limit

I would start with secured and in 6 months try unsecured cards

Re: Chase Freedom denied because I don't have any credit score

Anonymous — Wed, 30 Mar 2016 23:52:18 GMT

Re: Chase Freedom denied because I don't have any credit score

Anonymous — Thu, 31 Mar 2016 00:21:12 GMT

@myjourney wrote:
Welcome to the forum

Your problem is w/o any credit not only do you have no credit but in all likelihood you have no scores unless you have student loans (do you)?
Student cards are always a good starting point as well as secured cards because they're more likely to give you credit based on being a student although a small starting limit

I would start with secured and in 6 months try unsecured cards

In this case, maybe the BofA 99/500 secured card would be a good fit for the OP, if it is available to him...

Re: Chase Freedom denied because I don't have any credit score

Anonymous — Thu, 31 Mar 2016 01:09:09 GMT

No, I luckily do not have any student loans. I am also graduating this semester so I'm not sure if there will be many student related benefits for me to acquire.

Re: Chase Freedom denied because I don't have any credit score

myjourney — Thu, 31 Mar 2016 01:15:48 GMT

@Anonymous wrote:
No, I luckily do not have any student loans. I am also graduating this semester so I'm not sure if there will be many student related benefits for me to acquire.

If approved it wouldn't matter sometimes they ask for a class schedule as proof of being a student... sometimes not

If they do ask it can still be provided as you are still a student and haven't graduated

Re: Chase Freedom denied because I don't have any credit score

Anonymous — Thu, 31 Mar 2016 01:32:26 GMT

Discover likes thin files, and you may not even have to go the student card route with them. Have you tried Capital One's online pre-qualifier?

Re: Chase Freedom denied because I don't have any credit score

Anonymous — Thu, 31 Mar 2016 01:41:25 GMT

You should try Capital One.

You'll most likely get the same denial with BoA that you got with Chase. They don't generally care if you have a checking account with them or not.

Re: Chase Freedom denied because I don't have any credit score

Anonymous — Thu, 31 Mar 2016 04:38:54 GMT

@CreditMagic7 wrote:
No, you just happen to tap into one of the lenders (Chase) who absolutely & positively REQUIRES at least (1) year (maybe less?) of history from another/other lender(s) first.

Been thru that before when i first started out too. Nothing personal on their part, just a business rule of theirs.

By the way. Welcome To The Forums

Not true. I got approved for the freedom with only 4 months of history on a Discover card.

I would suggest apping for a Discover student card. They approved me with no credit history.