topic Re: Longtime Chase banking customer - but can't get a chase pre-approval in Credit Card Applications

Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Thu, 14 Sep 2017 17:20:38 GMT

I've been a chase banking customer, and have good income but am rebuilding my credit after a divorce and bk... )bk no longer appears on my credit report).

I'm slowing rebuilding starting earlier this year, current scores are 667/673/660, 1% util, with capone, creditone, overstock and a car loan. All current. A couple of negs that are paid off, plus a single $80.00 medical which is 6 yrs old.

I've been a Chase banking customer for about 15 years with direct deposit but when I try to use the Chase prequal site I never have any offers. I think my scores are a little low but from what I read people with lower scores have gotten Chase cards.

Is there any kind of pre-consideration line that I can try and have them look at my banking history with them and leverage that relationship... rather than applying and trying a reconsideration?

I'm going to be applying for a new CapOne card shortly... should I just wait and do the Chase at the same time to cluster the HPs?

Thanks!

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Thu, 14 Sep 2017 17:48:17 GMT

x1a1x1, you sound me when I was rebuilding and had a very long established track record with Wells Fargo (please do not derail folks....). I would try to get a card with them and was always met with resistance. I had to understand and separate the two experiences and understand that just because I had years of direct deposits, cash savings, and even a brokerage account that it did not matter for underwriting credit cards. You really didn't say what your AAoA is and such but you'd likely be better off just using your existing CC's hard and get a nice track record going.

Think of it like a graduate coming out of university. Companies want to hire you after you have experience, but apparently those same companies did not want to be the ones who helped you build experience. The bigger banks want you to get your experience on someone else's dime and will welcome you then.

Keep gridiing, you will abolutely get there!

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Thu, 14 Sep 2017 19:08:24 GMT

I once asked my teller out on a date and was instantly denied even though I have been banking with them for 15+ years, life is unfair sometimes.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Sat, 16 Sep 2017 05:40:20 GMT

I don't think your scores are that bad. I bank with Chase and I've never been pre-approved for any of their cards either. I don't think your banking with Chase is a huge factor in getting a cc or not. They look at your credit report. Not your checking and savings accounts. I'd say continue to focus on building your credit. You also never mentioned what Chase cc you're interested in?

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Gmood1 — Sat, 16 Sep 2017 11:45:13 GMT

Never had a prequal for any Chase product either. My scores were in the same range when I applied for the majority of the CCs I have with them now. As stated above, your scores aren't that bad, probably more of average.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

BronzeTrader — Sat, 16 Sep 2017 13:32:06 GMT

@Anonymous wrote:
I've been a chase banking customer, and have good income but am rebuilding my credit after a divorce and bk... )bk no longer appears on my credit report).

I'm slowing rebuilding starting earlier this year, current scores are 667/673/660, 1% util, with capone, creditone, overstock and a car loan. All current. A couple of negs that are paid off, plus a single $80.00 medical which is 6 yrs old.

I've been a Chase banking customer for about 15 years with direct deposit but when I try to use the Chase prequal site I never have any offers. I think my scores are a little low but from what I read people with lower scores have gotten Chase cards.

Is there any kind of pre-consideration line that I can try and have them look at my banking history with them and leverage that relationship... rather than applying and trying a reconsideration?

I'm going to be applying for a new CapOne card shortly... should I just wait and do the Chase at the same time to cluster the HPs?

Thanks!

Chase is known for chasing the rich customers, and shy away from people with thin file or with stress. There is nothing fair or unfair. It is just the way Chase does its business. Go with someone else. Barclay, US Bank etc.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Sat, 16 Sep 2017 15:46:34 GMT

@Anonymous wrote:
I've been a chase banking customer, and have good income but am rebuilding my credit after a divorce and bk... )bk no longer appears on my credit report).

I'm slowing rebuilding starting earlier this year, current scores are 667/673/660, 1% util, with capone, creditone, overstock and a car loan. All current. A couple of negs that are paid off, plus a single $80.00 medical which is 6 yrs old.

I've been a Chase banking customer for about 15 years with direct deposit but when I try to use the Chase prequal site I never have any offers. I think my scores are a little low but from what I read people with lower scores have gotten Chase cards.

Is there any kind of pre-consideration line that I can try and have them look at my banking history with them and leverage that relationship... rather than applying and trying a reconsideration?

I'm going to be applying for a new CapOne card shortly... should I just wait and do the Chase at the same time to cluster the HPs?

Thanks!

IMHO, I think you may have a good chance of being approved for the regular Freedom Card with a stating line between $500-$4500.

In my rebuild period Chase Freedom was my second approval (Capital One being first. Platinum $300 SL). My SL was $4500 and my Experian FICO at the time was 645. At the time I had 2 chargeoffs and multiple unpaid medical collections on my reports.

I was shocked I was instantly approved. There is no pre consideration. Inquiries are over rated. Go for it, if you have to recon, so what. All the more experience you will have. Good luck.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Sat, 16 Sep 2017 20:17:45 GMT

My wife wasn't showing any preapprovals and she applied for second Southwest card and was approved for 25k. Not having preapprovals doesn't mean you won't be approved. I got a Citi card with 11500 limit a month ago with no preapprovals showing.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Sat, 16 Sep 2017 22:29:54 GMT

Yeah, a lack of preapprovals doesn't necessarily mean you won't get approved for a card with Chase. To my knowledge, there really is no other way to find out if you have a good chance, however- your best bet is to apply and see what happens. Your scores really aren't bad, and I'd say it's more likely than not that you'd get a Freedom, assuming you're under 5/24 (albeit with a low SL, most likely). Hell, I've even seen some approvals for CSP with scores in your range, but I definitely wouldn't count on that just yet.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Sun, 17 Sep 2017 02:13:58 GMT

Lack of preapprovals definitely shouldn't discourage you from applying. I didn't have a preapproval for the CSP but I was approved. Your scores aren't super high but they aren't low either. I agree with the others: go for a Freedom card. If approved you've got a new credit card. If not, then at worse you might lose a few points on your FICO for the hp.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Meanmchine — Sun, 17 Sep 2017 02:19:25 GMT

I feel your pain OP. Got the same problem with BoA.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

kaw943 — Mon, 18 Sep 2017 14:44:38 GMT

@Anonymous wrote:
I don't think your scores are that bad. I bank with Chase and I've never been pre-approved for any of their cards either. I don't think your banking with Chase is a huge factor in getting a cc or not. They look at your credit report. Not your checking and savings accounts. I'd say continue to focus on building your credit. You also never mentioned what Chase cc you're interested in?

Hi Just my experience Chase does look at your banking history if you have a checking and savings and other accounts and they do take those into account when making decsions. Here is mine, I have been banking with them since 1995 right out of highschool and my current salary is 94k year base excluding bonus and stock options. Chase has all of this has seen every check deposited, About 3 years ago I had two negative balances becasue did not opt in to the auto withdraw from savings for overdraft protection and I would transfer manually well I didn't and got those on my account and they were paid same day. Anyway I applied for the reserve and it went into 7 day message I called back an spoke with them the first thing the guy says from underwritting is that he will look over my credit report, checking account to make sure there were no overdrawn issues, total deposits made monthly and spending monthly, outgoing bill payments, and same with savings. I asked why would that matter he says it one it shows us a real picture vs credit reporting which is not always up to date but if you bank with them they can see who and how much you are paying others by whats coming out of your account. He said it can good and bad depending on situations, needless to say I was approved with a 20k limit but I had to explain about the 2 overdraft issues.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Mon, 18 Sep 2017 18:46:04 GMT

I think Chase does not pay any atention to their regular checking/savings clients. My daughter banks with them and earns well over $250K per year. When she got divorced she had to do a short sale on her house. (about 6 years ago) She now has scores over 700 and new husband an Amex Card and Cap 1 QS. She has applied with them twice including just a few months ago for a Chase card instant decline. I would have thought Chase wanted her as a client.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Tue, 19 Sep 2017 02:31:19 GMT

@Anonymous wrote:
I think Chase does not pay any atention to their regular checking/savings clients. My daughter banks with them and earns well over $250K per year. When she got divorced she had to do a short sale on her house. (about 6 years ago) She now has scores over 700 and new husband an Amex Card and Cap 1 QS. She has applied with them twice including just a few months ago for a Chase card instant decline. I would have thought Chase wanted her as a client.

She should change her bank. Bank of America gave me a card when my score was 520.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Tue, 19 Sep 2017 03:17:47 GMT

They have branches by her work, her house and new husband ofice . I already tried to talk to her about changing to any one of several banks but she won't

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Total80sKid — Tue, 19 Sep 2017 05:54:07 GMT

I've banked with Chase now for over 7yrs.

Have never been pre-qualified for anything.

I applied for the Freedom 3yrs ago and was approved for a $500 SL. 3yrs later, it still sits at $500.

About 2 months ago when all 3 of my scores got above 700, I applied for the Freedom unlimited.

Got a $2k SL.

Here I sit, with all scores above 759, one close to 800 and never get pre-qualified mailers or ever show anything I'm pre-qualified for.

It tells me that scores mean very little anymore and just want rich people who make over $100k a year to get the good limits.

Good luck on your journey

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Tue, 19 Sep 2017 12:50:03 GMT

Have you asked for offers in-branch? I've never had a preapproval online, but in-branch I got the 300/500 offer to get the FU. I've been told by several sources that this means prequal, though when I saw the banker's screen at the time, it didn't say prequal. I suspect this is because I'm < 21, but the moral of the story is that there are good offers in the branches haha.

EDIT: That still wasn't an insta-approval. I only had my 6 month old Disco at the time, so the 30 day was not surprising.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Tue, 19 Sep 2017 12:49:42 GMT

@Total80sKid wrote:
I've banked with Chase now for over 7yrs.

Have never been pre-qualified for anything.

I applied for the Freedom 3yrs ago and was approved for a $500 SL. 3yrs later, it still sits at $500.

About 2 months ago when all 3 of my scores got above 700, I applied for the Freedom unlimited.

Got a $2k SL.

Here I sit, with all scores above 759, one close to 800 and never get pre-qualified mailers or ever show anything I'm pre-qualified for.

It tells me that scores mean very little anymore and just want rich people who make over $100k a year to get the good limits.

Good luck on your journey

My wife got two cards with them this year one with a 27k limit and one with a 25k limit and she has no banking relationship with them. I am not a fan of Chase as they have treated me badly in the past. I wouldn't have anything to do with them but they have some good partners.

Re: Longtime Chase banking customer - but can't get a chase pre-approval

Anonymous — Wed, 27 Sep 2017 15:03:22 GMT

OP update here.... I went ahead and app'ed for a Freedom card, while still showing no pre-quals, and got approved for a $500 initial line. it's a little discouraging to see comments in this thread about Freedom cards not getting CLI but I'm hoping this is a "foot in the door" with Chase.