topic Re: Chase Amazon - Thumbs down in Credit Card Applications

Chase Amazon - Thumbs down

CramEiko — Sat, 18 Nov 2017 17:29:17 GMT

Today I applied for the Chase Amazon Prime card. I got approved for $5k @ 23% and some change. I was like whaaaa? I'm not sure if you guys know this but after I tried to see if there was any reconsideration available on % Rates and got the "There's nothing we can do" (I tried asking all the way up to management) I called the number on the back of my Chase SP card. The CSR moved the newly opened Amazon Prime card $5000 CL to my SP card and close my Amazon card instantly. Though I run my cards at 0% Utilization, 23% apr just doesn't work for me.

I wonder if the $70 will still remain on my Amazon Prime account? Hmmmm

In my experience this is my personal 2x strikes with Chase. One more I'm out. Though I must say that the reps on the SP side were very nice.

Re: Chase Amazon - Thumbs down

AverageJoesCredit — Sat, 18 Nov 2017 18:11:51 GMT

Im not a fan myself of Chase and i know another here who has issues with the apr given by Chase even with great scores. They need to work those rates better if they want to keep people such as yourself as a customer.

Re: Chase Amazon - Thumbs down

Anonymous — Sat, 18 Nov 2017 18:28:19 GMT

Chase Amazon gives you 5% back on tens of millions of completely useless plastic chunks of garbage that people are mad to buy with "free shipping".

Where do you think Chase gets that 5% to discount the overpriced import junk? From high APR fees that millions of folks are happy to pay because they got "free shipping" on more clutter.

High reward cards require high APRs so that 9 suckers paying 24% will cover the 1 person getting 5%, and the bank investors can buy bigger megayachts with the meager remainder.

Re: Chase Amazon - Thumbs down

Ardecko — Sat, 18 Nov 2017 18:45:54 GMT

ABCD, While I appreciate your opinion on many things, I think you're carrying it a bit far here.

In my house, as with many others, if it doesn't come from Wal-Mart, it probably came from Amazon. Christmas presents are now starting to arrive at our house from Amazon.

This is a bit like hating on couponers. They're going to buy stuff anyway, and this way, they get some $$ back.

Since I can't find the "I'm not using a rewards card, please charge me 5% less" button on any of the checkout screens, the Amazon card is next on my list for DW.

Edit: Yes, I know, don't pay interest, folks. That means buy what you can pay off.

Re: Chase Amazon - Thumbs down

pipeguy — Sat, 18 Nov 2017 19:49:20 GMT

I for one purchase a decent amount of "stuff" from Amazon, and I use both an Amazon Prime Card (sync) and the Chase Prime Visa. I also have a Lowes and Sams Club MC (both through Sync) and Home Depot (Citi) - all these cards charge very high APR's, I know that going in and I use them either as pay in full every time I use them or take advantage of 6-12-18-24 month free financing.

Wheather you choose to use Amazon or Walmart for purchases, that's one thing (I for one dislike Target and won't shop there) but blaming the quality of purchases on the APR of their credit card operation or in fact closing a card with a decent/usable credit limit after taking the hard pull seems counter-productive to me.

Note that I have 3 Chase cards, Freedom Unlimited - AARP - Amazon Prime, my "prime" has the lowest credit limit at $5k and I'd have to check to see what the APR is - I pay these cards in full when I use them, don't really care what the APR is....

Re: Chase Amazon - Thumbs down

Anonymous — Sat, 18 Nov 2017 20:07:07 GMT

I’m batting 1.000 in 2017 so far on financial analysis with Amazon spending. A thrifty shopper probably can find deals there but so far after 4 years of comparison shopping it surely isn’t me.

The trouble with the brand is how easy it is so buy things you don’t need by any stretch of the imagination. 100% of folks who come to me for advice spend literally hundreds a month unnecessarily on amazon.

If you have the option to say no to that style of entertainment, you’re actually in an immeasurable minority. With the web anonymity and privacy no one can “show me your statement history” but I’d definitely ask everyone who thinks they’re budget conscious to go over the past 12 months of amazon spend, printed on paper, and prove it to yourself.

Most people are stunned by the outcome!

Also that 5% works great if you track their price changes and patiently wait for a great deal. Camelcamelcamel.com is a great tool for saving money on amazon!

Re: Chase Amazon - Thumbs down

Ardecko — Sat, 18 Nov 2017 20:44:03 GMT

If I can not leave my house a day, that was a good day.

If I can only go to one place when I have to leave the house, that's well... not terrible.

I've considered therapy, but that would typically violate both of the above.

Re: Chase Amazon - Thumbs down

simplynoir — Sat, 18 Nov 2017 21:01:06 GMT

@Ardecko wrote:
If I can not leave my house a day, that was a good day.

Exactly. I think people really underestimate at times how convenient it is to have something that might take some time if you get it yourself to have it sent to you anyways, have 1-2 day free shipping, and get cash back with the right card. While it might not be the absolutely most super efficient way to spend, the convenience factor is something for example my oldest sister who uses my account to buy stuff for my two young nieces appreciates considering we primairly live in a "rural" area.

As for me the items I buy more often than not are cheaper enough to get on Amazon without having to take a 45 min car ride to the city to buy it marked up for the same item. So I rather waste 2 mins ordering it online than 2 hours dealing with traffic, shoppers and anything else that may make it a long trip. I'm busy enough at times at the office without having to deal with that bs and make it easier for me and the family and I'll be "happy to pay" it too.

And to quickly comment on the original topic if you're cancelling a card because of the APR you're not doing cashback/rewards right.

Re: Chase Amazon - Thumbs down

Ardecko — Sat, 18 Nov 2017 21:08:14 GMT

@simplynoir wrote:
And to quickly comment on the original topic if you're cancelling a card because of the APR you're not doing cashback/rewards right.

I believe the saying is: QFT (quoted for truth)

Re: Chase Amazon - Thumbs down

Anonymous — Sat, 18 Nov 2017 21:12:46 GMT

After getting my first card with them I just assume chase will give out terrible APRs that scores & profile just dont justify (looking at you 23.99% CSP). We're a pif house so while it strikes me as somewhat insulting at the end of the day it doesn't matter. Will eventually pickup one of the two flavors of amazon cards as we buy a lot from there but at the moment the discover 10% covers it nicely. I dont pretend that amazon is always, or even somewhat frequently cheapest but the convienence factor, speed of free shipping and easy peezy returns make it worthwhile to me instead of checking multiple sites that in the end might save me a couple bucks but wont come as quickly. The return/RMA process is especially handy with the volume of hard drives I purchase and their inherant tendancy to fail or be DOA.

We do save a decent amount with their sexist "amazon mom" program (because I, as a stay home dad, apprently dont count or deserve inclusion. J/k, mostly) getting regular autoshipments of diaper and kid essentials at upwards of 20% on top of 10% with disco, but otherwise I like having a central place for lists and registries thats often on par with most prices but with fast shipping. I can certainly see how people without impulse control could spend a lot more on junk they dont need because of "its 5% off" but thats not something we tend to do.

Re: Chase Amazon - Thumbs down

kdm31091 — Sat, 18 Nov 2017 22:58:15 GMT

Don't take it personally. Chase simply doesn't budge on APR, whether the account has been opened a day or ten years.

As for Amazon, I think like any other shopping, you should do your homework and compare prices especially on large purchases. Don't just assume Amazon is the best deal. I also think the 5% reward can definitely encourage excess spending.

Re: Chase Amazon - Thumbs down

CreditCuriosity — Sun, 19 Nov 2017 01:38:04 GMT

For me time is money and amazon saves me a ton of time although might be able to beat the price other places on occasions. So Amazon is extremely valueable for me. Also with Chase INTERNAL SCORE means everything to them IMO. I have meh credit still some old paid CO's and late payments although 6+ years old so about to fall off, but been with chase for 4 years now and currently have 4 cards with them. My Freedom my first card with them had the worse apr and now with more recent cards I have gotten with them with a slew of new acccounts and tons of inquiries I always get their best APR. This is why I think internal score plays a huge role on what apr you get with them. I put a decent amount of spend through chase a year approx 30k+ so that might also play a factor on my internal score as well. Granted rewards cards should never have a balance carried. Although I suppose if one ever needs to they should have the best terms possible.

I personally don't think 5% back encourages expense spending as many things I want from their hello OLED 65 inch tv and I make a very good living, but I am cheap as anything and hate parting with my hard earned money and rather max out my 401k and IRA's, etc. Although I can see how some people could fall for overspending. I simply don't buy anything I can't pay cash for it is that simple

Re: Chase Amazon - Thumbs down

simplynoir — Sun, 19 Nov 2017 01:43:47 GMT

@CreditCuriousity wrote:
For me time is money and amazon saves me a ton of time although might be able to beat the price other places on occasions. So Amazon is extremely valueable for me. Also with Chase INTERNAL SCORE means everything to them IMO. I have meh credit still some old paid CO's and late payments although 6+ years old so about to fall off, but been with chase for 4 years now and currently have 4 cards with them. My Freedom my first card with them had the worse apr and now with more recent cards I have gotten with them with a slew of new acccounts and tons of inquiries I always get their best APR. This is why I think internal score plays a huge role on what apr you get with them. I put a decent amount of spend through chase a year approx 30k+ so that might also play a factor on my internal score as well. Granted rewards cards should never have a balance carried. Although I suppose if one ever needs to they should have the best terms possible.

I personally don't think 5% back encourages expense spending as many things I want from their hello OLED 65 inch tv and I make a very very good living, but I am cheap as anything and hate parting with my hard earned money and rather max out my 401k and IRA's, etc. Although I can see how some people could fall for overspending. I simply don't buy anything I can't pay cash for it is that simple

Re: Chase Amazon - Thumbs down

Anonymous — Sun, 19 Nov 2017 05:27:21 GMT

For me personally Amazon and Walmart are extremely valuable. Very cost effective since i get amazon gift cards from my penfed travel amex points. Plus my husband enjoys purchasing TONS of mp3s as he is a musician and prime works out just perfect. I make cash back from amazon chase anywhere between 8 to 15$ a month which can be used towards other purchases.

I enjoy shopping online for my household and it works out great to have things delivered to the door and to be able to browse and choose , price match and free return with ups pick up options etc. Refunds are amazingly quick and there is a lot of varieties to choose from and try. I mostly buy pet stuff , feels like im running shelter here .lol!

I bought from amazon the very same toys that were listed in the overpriced TOYS R US booklet, for less price and i got almost all the toys (christmas list) my step daughter had circled on the booklet. So the entire christmas purchase for her was covered by a 200 amazon gift card that i redeemed using penfed travel amex reward points this month.

I also got a great deal on a outdoor heatpad and a kittytube for a feral cat that hangs out in our back porch in bitter cold ,got a great price on amazon for that as you cant find kittytube in petsmart or petco etc .

( btw that cat is sleeping snug in the kittytube on a warm heatpad as i write )

So yeah for some of us Amazon and Walmart work out just perfect and super convenient. I love using amazon 5% cards and walmart 3% master card (with nfcu membermall combo i get 5%) So, i am happy to have both of these options availble.

Btw i also PIF so apr does not matter , i have both amazon chase and amazon store card , so for anything above 150 i have special financing available.

Op, May be you should try for amazon store card if you like to use special 0% financing?

Re: Chase Amazon - Thumbs down

CramEiko — Sun, 19 Nov 2017 06:11:59 GMT

Thanks all. I'm just not feeling it from Chase anymore thats all (***I may just add Chase to the sock drawer***). I guess I was hoping it would have been my Unicorn before hitting that Garden. Maybe I'm trying to compartmentalize (ie Chase Amazon Prime CC only at Amazon) my spending too much..... Where's that Garden I keep hearing about? LOL.

All of my cards are kept at 0% util as I don't like to carry balances $$. The Premium cards have more costs to them like more AF's, higher % rates and so on, I just could't justify this one particular % rate. However, maybe I didn't waste an HP entirely... Chase moved my approved $5k SL to my CSP Bringing my CSP CL from $13.9 to $18.9....

Edited/added:

I just logged into my PenFed account and tried their Fico Scoring and it says im at a 811. How accurate is this?

Re: Chase Amazon - Thumbs down

SouthJamaica — Sun, 19 Nov 2017 13:55:36 GMT

@CramEiko wrote:
Thanks all. I'm just not feeling it from Chase anymore thats all (***I may just add Chase to the sock drawer***). I guess I was hoping it would have been my Unicorn before hitting that Garden. Maybe I'm trying to compartmentalize (ie Chase Amazon Prime CC only at Amazon) my spending too much..... Where's that Garden I keep hearing about? LOL.

All of my cards are kept at 0% util as I don't like to carry balances $$. The Premium cards have more costs to them like more AF's, higher % rates and so on, I just could't justify this one particular % rate. However, maybe I didn't waste an HP entirely... Chase moved my approved $5k SL to my CSP Bringing my CSP CL from $13.9 to $18.9....

Edited/added:
I just logged into my PenFed account and tried their Fico Scoring and it says im at a 811. How accurate is this?

It's accurate, it's your FICO 9 score as of 9/12/17

Re: Chase Amazon - Thumbs down

SouthJamaica — Sun, 19 Nov 2017 13:57:17 GMT

@CramEiko wrote:
@today I applied for the Chase Amazon Prime card. I got approved for $5k @ 23% and some change. I was like whaaaa? I'm not sure if you guys know this but after I tried to see if there was any reconsideration available on % Rates and got the "There's nothing we can do" (I tried asking all the way up to management) I called the number on the back of my Chase SP card. The CSR moved the newly opened Amazon Prime card $5000 CL to my SP card and close my Amazon card instantly. Though I run my cards at 0% Utilization, 23% apr just doesn't work for me.

I wonder if the $70 will still remain on my Amazon Prime account? Hmmmm

In my experience this is my personal 2x strikes with Chase. One more I'm out. Though I must say that the reps on the SP side were very nice.

I kind of like the card, for making purchases. I would never use it for anything else and I would never carry a balance with it.

Re: Chase Amazon - Thumbs down

CramEiko — Sun, 19 Nov 2017 15:10:53 GMT

It's accurate, it's your FICO 9 score as of 9/12/17

@SouthJamaica - Yah, I didn't even notice that. Weird since I checked it 11/18. My mortgage and a NFCU credit card has been added since then... Hopefully it hasn't suffered too bad by now EQ/EX are strong great but my TU is weak. I belive Chase pulled TU.

Re: Chase Amazon - Thumbs down

Anonymous — Mon, 20 Nov 2017 22:03:01 GMT

So with chase can you move credit lines instantly then? I thought there was a min age to the donor account but I think I'm confusing the worth Amex.

If so this is good news for my long term plans with chase

Re: Chase Amazon - Thumbs down

CreditCuriosity — Mon, 20 Nov 2017 22:10:32 GMT

@Anonymous wrote:
So with chase can you move credit lines instantly then? I thought there was a min age to the donor account but I think I'm confusing the worth Amex.

If so this is good news for my long term plans with chase

Can move them instantly up to leaving 500 on the card you close if you close one. Chase is extremely easy to move limits with. Not even sure if they SP you to move limits around. I have never had an issue probably the easiest lender to do so with.