topic Re: When to apply for Chase Freedom? in Credit Card Applications

When to apply for Chase Freedom?

Anonymous — Fri, 02 Jan 2015 03:17:51 GMT

Hey guys! I need some opinions here so I can start looking forward to it!

I started my credit journey in May 2014. I got my first credit card by Bank of America for a $700 limit.

--- 5 and a half months go by---

On December 4, 2014, I had an EX score of 726 with only 2-3 inquiries. No baddies so far and my utilization was 2%. After reading that, I went and got a credit limit increase on my BoA card to $2,700, applied and was instantly approved for the Discover It ($1,000 limit), and then was instantly approved for the American Express PRG.

I am pretty sure those recently new two accounts dinged my AAoA (I'm not sure by how much).

I held off on apping for the AMEX Everyday today (really wanted to do it for backdating), but I thought to myself I should save the inquiry precisely for Chase in the near future.

I know Chase is very picky when it comes to new accounts and inquries and likes to see one year of AAoA. So my question now is: When should I go ahead and apply for the Chase Freedom? June 2015? DECEMBER 2015!? (I also currently do not have any "pre-qualified" offers by Chase)

Thanks guys!!!!

Re: When to apply for Chase Freedom?

Anonymous — Fri, 02 Jan 2015 03:20:45 GMT

@Anonymous wrote:
Hey guys! I need some opinions here so I can start looking forward to it!

I started my credit journey in May 2014. I got my first credit card by Bank of America for a $700 limit.

--- 5 and a half months go by---

On December 4, 2014, I had an EX score of 726 with only 2-3 inquiries. No baddies so far and my utilization was 2%. After reading that, I went and got a credit limit increase on my BoA card to $2,700, applied and was instantly approved for the Discover It ($1,000 limit), and then was instantly approved for the American Express PRG.

I am pretty sure those recently new two accounts dinged my AAoA (I'm not sure by how much).

I held off on apping for the AMEX Everyday today (really wanted to do it for backdating), but I thought to myself I should save the inquiry precisely for Chase in the near future.

I know Chase is very picky when it comes to new accounts and inquries and likes to see one year of AAoA. So my question now is: When should I go ahead and apply for the Chase Freedom? June 2015? DECEMBER 2015!? (I also currently do not have any "pre-qualified" offers by Chase)

Thanks guys!!!!

June 2015 at the earliest.

Re: When to apply for Chase Freedom?

Anonymous — Fri, 02 Jan 2015 04:23:31 GMT

I wonder what my AAoA is at the moment, lol.

Re: When to apply for Chase Freedom?

Anonymous — Fri, 02 Jan 2015 04:24:04 GMT

@Anonymous wrote:
I wonder what my AAoA is at the moment, lol.

3 weeks.

Re: When to apply for Chase Freedom?

Anonymous — Fri, 02 Jan 2015 04:29:50 GMT

Brutal!

Re: When to apply for Chase Freedom?

Jerry45 — Fri, 02 Jan 2015 15:45:22 GMT

Check the Chase Pre Qual site first, and then go from there. Pretty solid barometer

Re: When to apply for Chase Freedom?

Anonymous — Sat, 03 Jan 2015 00:14:54 GMT

... I mentioned in my main post that I did not have pre-qualifying suggestions from them.

I was just wonder when the best time in my situation I should pull the trigger, lol.

Re: When to apply for Chase Freedom?

Anonymous — Sat, 03 Jan 2015 00:18:19 GMT

@Anonymous wrote:
... I mentioned in my main post that I did not have pre-qualifying suggestions from them.

I was just wonder when the best time in my situation I should pull the trigger, lol.

June 2015.

Re: When to apply for Chase Freedom?

Anonymous — Tue, 06 Jan 2015 19:14:48 GMT

Thank you, Nixon.

Looks like I am gonna hop in the garden and let some water shower over my head for a good few months!

Now... Since I check the Chase pre-qualification site every single day (desperate, I know) and on one day in the mere future, the Freedom decides to pop up........ What shall I do?

Re: When to apply for Chase Freedom?

CreditCuriosity — Tue, 06 Jan 2015 19:17:54 GMT

@Anonymous wrote:
Thank you, Nixon.

Looks like I am gonna hop in the garden and let some water shower over my head for a good few months!

Now... Since I check the Chase pre-qualification site every single day (desperate, I know) and on one day in the mere future, the Freedom decides to pop up........ What shall I do?

Apply if you want the card and it can benefit you.

Re: When to apply for Chase Freedom?

cottoncrown — Tue, 06 Jan 2015 20:24:07 GMT

If you apply now, with all the new accounts you will probably get approved but for only 500cl and 22.99apr.

Re: When to apply for Chase Freedom?

cottoncrown — Tue, 06 Jan 2015 20:28:27 GMT

Wait until you are prequalified with a 18.99 or lower and you will get a decent limit. Probably 6 months from now or so. No need to check the pre qual everyday, they only soft pull monthly so you will get the same offers for approx 30 after you first request. Just check once a month or so for the next six. First you will get a 22.99 offer, then when you are more qualified it will move Down to 1899 or lower. That's when it is best to apply

Re: When to apply for Chase Freedom?

Anonymous — Wed, 07 Jan 2015 00:10:23 GMT

+1 wait for Freedom. I didnt and am stuck with 22.99% outro rate.