topic Re: Chase CC in Credit Card Applications

Chase CC

blazerein — Wed, 19 Sep 2018 03:54:07 GMT

I never apply to any Chase CC and I’m really curious about their approvals. Are they Inquiry sensitive like Citi? Are they new account sensitive like BoA? Do you need a mid 600 score or higher to get approve? Which card is the easy one to get? I have a Chase auto loan before and paid in full in less than 5 years. I’m still working to get my score up but any information is greatly appreciated.
Thanks

Re: Chase CC

FinStar — Wed, 19 Sep 2018 04:15:41 GMT

Some items to take into consideration OP.
Chase will exclude AU accounts as part of the UW criteria. Another thing that can be recommended is lowering your utilization to an ideal level, preferably below 10%. Definitely get those FICO scores higher than 600. Additionally, don't apply for the "easiest" card to get, instead look for a CC that would benefit you in the long run.

Yes, Chase can decline applications based on the number of recent new accounts or inquiries like all other lenders but each individual's outcome will vary.

Re: Chase CC

blazerein — Wed, 19 Sep 2018 04:16:52 GMT

Thanks for the info, my Util should be less than 10% in the next month.

Re: Chase CC

sjt — Wed, 19 Sep 2018 14:24:15 GMT

Also, Chase has the 5/24 rule for most of their card products. 5/24 rule is no more then 5 accounts opened with in a 24 month period. This includes AU cards.

Re: Chase CC

_NERD — Wed, 05 Dec 2018 09:26:33 GMT

@blazerein wrote:
Thanks for the info, my Util should be less than 10% in the next month.

Did you hit that goal & apply yet?

Re: Chase CC

blazerein — Wed, 05 Dec 2018 15:51:42 GMT

I’m staying away from Chase right now since I have too many new open accounts. Garden a little and working on some goodwill letters.

Re: Chase CC

Anonymous — Wed, 05 Dec 2018 22:47:57 GMT

I just got a Chase approval with just 676-679 FICO range. I only had 2 new cards in the last year. My UTI was low.

Good luck.

Re: Chase CC

_NERD — Thu, 06 Dec 2018 02:59:54 GMT

I’m currently 0/24 under 30% util once the PIF payments on two accounts shows up on my 3B next week. My AAoA is 3 yrs 5 mos, oldest is 5yrs. Is there any minimum criteria for Chase besides the 5/24 best practice?

Thanks, trying not to hijack the OP.

Re: Chase CC

sjt — Thu, 06 Dec 2018 00:18:59 GMT

@_NERD wrote:
I’m currently 0/24 under 30k util once the PIF payments on two accounts shows up on my 3B next week. My AAoA is 3 yrs 5 mos, oldest is 5yrs. Is there any minimum criteria for Chase besides the 5/24 best practice?

Thanks, trying not to hijack the OP.

Utilization should be below 20%, at least one year of AAOA, no bk.

Re: Chase CC

_NERD — Thu, 06 Dec 2018 03:01:13 GMT

@sjt wrote:
@_NERD wrote:
I’m currently 0/24 under 30k util once the PIF payments on two accounts shows up on my 3B next week. My AAoA is 3 yrs 5 mos, oldest is 5yrs. Is there any minimum criteria for Chase besides the 5/24 best practice?

Thanks, trying not to hijack the OP.
Utilization should be below 20%, at least one year of AAOA, no bk.

Thank you, noted! Are there Chase cards that I wouldn't be able to get due to not having a Chase card yet?

Re: Chase CC

SomewhereIn505 — Thu, 06 Dec 2018 12:16:45 GMT

Check the prequal page and see what happens. Chase was pretty finicky with me. I still think I got in with my relationship with Southwest (Rapid Rewards and I had just flew with them).

Re: Chase CC

sjt — Thu, 06 Dec 2018 13:33:58 GMT

I think that the only difference is that some Chase cards have minimum credit lines, so you have to qualify for those minimum credit lines. CSP has a $5K minimum and the CSR has a $10K minimum. So you have to keep that in mind.

You should check the pre-qual site before applying.

Re: Chase CC

HeavenOhio — Thu, 06 Dec 2018 16:59:14 GMT

@sjt wrote:
@_NERD wrote:
I’m currently 0/24 under 30k util once the PIF payments on two accounts shows up on my 3B next week. My AAoA is 3 yrs 5 mos, oldest is 5yrs. Is there any minimum criteria for Chase besides the 5/24 best practice?

Thanks, trying not to hijack the OP.
Utilization should be below 20%, at least one year of AAOA, no bk.

You can have an AAoA of less than a year, but your oldest card should be at least a year old. On that card, you need to be the primary user rather than an AU.

The other thing I'd add is a period of gardening before applying. Three months is good; six is better.

And of course, you want to be under 5/24. And as mentioned, you want to be cautious about cards that might have higher minimum limits than you'd likely qualify for.

Good catch on no bankruptcy. I tend to forget that one.