topic Re: Score needed for chase and Citi bank in Credit Card Applications

Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:11:35 GMT

Hello every one
Any help would be appreciate it
Here is my situation :
My Ex : is 685 and transunion is 695 and eqafax : 639
No baddies no late payment nothing
Aaa : 2 years and 2 months
Utiliz : 18%
Inquiries Experian 16 and 7 last 12 months
I have 2 capital one with limit of 1300$ and 2000$
And 3 Amex with limit of 1k , and 3k and 5k
I want apply for the chase cards but I'm not sure if I can get approve or not ?
My concern is so many inquiry
Any idea would be so helpful

Re: Score needed for chase and Citi bank

myjourney — Sun, 22 May 2016 03:17:29 GMT

Welcome to the forum

Depending on what card from Chase you want will determine your results

With 7 accounts in the last year CSP, Freedom (2) and Slate are out due to 5/24 rule

Moving to apps forum

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:33:41 GMT

Can you please clarify that I can understand your message !!
Would be highly appreciate it
What is mean Csp ?
And what mean 5/24 rule ?
Thx

Re: Score needed for chase and Citi bank

myjourney — Sun, 22 May 2016 03:38:20 GMT

@Anonymous wrote:
Can you please clarify that I can understand your message !!
Would be highly appreciate it
What is mean Csp ? = Chase Sapphire preffered
And what mean 5/24 rule ? = 5 accounts in 24 months will get you denied for the 4 cards I listed
Thx

However co-branded cards like airline,hotel etc etc currently do not fall under the 5/24 rule and are possible to obtain with over 5 accounts in 24 months

Re: Score needed for chase and Citi bank

myjourney — Sun, 22 May 2016 03:40:43 GMT

Helpful reading

http://ficoforums.myfico.com/t5/Credit-Cards/Updated-Abbreviation-List/td-p/4534572

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:45:31 GMT

Thx you for the reply now I do understand
So I would like to apply for chase freedom or slate ?
Do you think I may get it ?
With my profile like this ?
Thx you
I did tried to do web approval on chase web site and
The message always like this
We can't match you with any cards may be because you opt out or some thing like this
Any idea
Thx

Re: Score needed for chase and Citi bank

myjourney — Sun, 22 May 2016 03:46:26 GMT

List what cards you're interested in with Citi and Chase?

The more info we have the better your results

Thanks

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:48:41 GMT

Thx
With the chase I like freedom and slate
With Citi bank : simplicity and diamond
Thx

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:49:07 GMT

How old are your Capital One cards and your 3 Amex cards?

CSP stands for Chase Sapphire Preferred

The 5/24 rule means that Chase doesn't like to approve people (for their regular cards) if the person has opened more than 5 accounts in the past 24 months. This is why I asked how old your cards are.

Re: Score needed for chase and Citi bank

Creditplz — Sun, 22 May 2016 03:54:56 GMT

I was approved for Hyatt and SW for a combined 21.5K with a 731 EX Fico8, and I have one in " verification review" and 2 week message. maybe if your internal score with them is strong they'd give you a card ! Also I've noticed Chase aren't scared of Inq.. I have a ton !

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:55:58 GMT

My capital one cards are 1. Year and 2 month
Amex cards same 1 year and 3 months

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:57:17 GMT

Hi there
Thx for the info
How many inquiries did you have at the time on the 3 burea

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 03:59:47 GMT

@Anonymous wrote:
My capital one cards are 1. Year and 2 month
Amex cards same 1 year and 3 months

Ok, so you're right at 5 cards in the past 24 months, so Chase might let you slip by for the Freedom or Slate, but since nothing is showing up for you on their pre-qualifier, I'm hesitant to tell you to try.

As for Citi, have you tried their pre-qualifier?

Re: Score needed for chase and Citi bank

myjourney — Sun, 22 May 2016 04:03:07 GMT

@Anonymous wrote:
@Anonymous wrote:
My capital one cards are 1. Year and 2 month
Amex cards same 1 year and 3 months
Ok, so you're right at 5 cards in the past 24 months, so Chase might let you slip by for the Freedom or Slate, but since nothing is showing up for you on their pre-qualifier, I'm hesitant to tell you to try.

As for Citi, have you tried their pre-qualifier?

OP 1st post stated Inquiries Experian 16 and 7 last 12 months

So I'm wondering which info is correct or there's more INQ's from something else in play here

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 04:07:10 GMT

@myjourney wrote:
@Anonymous wrote:
@Anonymous wrote:
My capital one cards are 1. Year and 2 month
Amex cards same 1 year and 3 months
Ok, so you're right at 5 cards in the past 24 months, so Chase might let you slip by for the Freedom or Slate, but since nothing is showing up for you on their pre-qualifier, I'm hesitant to tell you to try.

As for Citi, have you tried their pre-qualifier?
OP 1st post stated Inquiries Experian 16 and 7 last 12 months
So I'm wondering which info is correct or there's more INQ's from something else in play here

Could be from applying and being denied, or auto loan, etc. Not all INQs equal cards, especially for those of us building or rebuilding

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 04:08:36 GMT

Thx you for reply
Actually for Citi bank in authorized user in my wife credit cards with citi
One time last month I have mails from them for simplicity and diamond
But I'm hesitant also I'm banking with citi bank
What do you think ?
Thx

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 04:11:53 GMT

Hi
Some inquiry is car loan and 1 is rent and couple of them is credit card denied awhile ago when I had derogatory in my report but this derogatory got remove and my score went up so that why I was not informed how the credit works till my friend told me about this forums here

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 04:15:06 GMT

@Anonymous wrote:
Thx you for reply
Actually for Citi bank in authorized user in my wife credit cards with citi
One time last month I have mails from them for simplicity and diamond
But I'm hesitant also I'm banking with citi bank
What do you think ?
Thx

If you have mailers from Citi and they have a set APR on them, then I think you have a good chance. But make sure you use the info on the mailer to apply.

Re: Score needed for chase and Citi bank

myjourney — Sun, 22 May 2016 04:17:31 GMT

@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
@Anonymous wrote:
My capital one cards are 1. Year and 2 month
Amex cards same 1 year and 3 months
Ok, so you're right at 5 cards in the past 24 months, so Chase might let you slip by for the Freedom or Slate, but since nothing is showing up for you on their pre-qualifier, I'm hesitant to tell you to try.

As for Citi, have you tried their pre-qualifier?
OP 1st post stated Inquiries Experian 16 and 7 last 12 months
So I'm wondering which info is correct or there's more INQ's from something else in play here
Could be from applying and being denied, or auto loan, etc. Not all INQs equal cards, especially for those of us building or rebuilding

Totally agree

My concern is that's a lot in 24 months and both Chase and Citi can be INQ sensitive for a thin file

OP just curious here how many HP's on EQ TU?

Re: Score needed for chase and Citi bank

Anonymous — Sun, 22 May 2016 04:24:19 GMT

@myjourney wrote:
Totally agree
My concern is that's a lot in 24 months and both Chase and Citi can be INQ sensitive for a thin file

OP just curious here how many HP's on EQ TU?

Very true, but he only has 7 on EX in the past 12 months, and I know Citi is sensitive to INQs in the past 6 months. Since they typically pull EX and/or EQ, we need to know how many INQs OP has on each bureau in the past 6 months.