topic Re: Tell Me It’s A Bad Idea.. Thanks in Credit Card Applications

Tell Me It’s A Bad Idea.. Thanks

CivalV — Tue, 30 Jun 2020 16:09:40 GMT

So I was recently approved for a lease and though it has not reported .. yet.. I have offers in my Chase account. My scores are wayyy better than when I opened my Marriott Bonvoy back in Nov... I have not gotten lucky with any auto CLIs from Chase.

Would it be a terrible idea to apply for Chase before the Auto lease shows on my reports? I realllyyy want my goal card and now it is just there in my offers waiting lol

So yeah tell me it's a bad idea. Give me the worst case scenario

Re: Tell Me It’s A Bad Idea.. Thanks

lhcole77 — Tue, 30 Jun 2020 16:20:27 GMT

Worst case scenario:

Re: Tell Me It’s A Bad Idea.. Thanks

Anonymous — Tue, 30 Jun 2020 16:26:14 GMT

@CivalV wrote:
So I was recently approved for a lease and though it has not reported .. yet.. I have offers in my Chase account. My scores are wayyy better than when I opened my Marriott Bonvoy back in Nov... I have not gotten lucky with any auto CLIs from Chase.

Would it be a terrible idea to apply for Chase before the Auto lease shows on my reports? I realllyyy want my goal card and now it is just there in my offers waiting lol

So yeah tell me it's a bad idea. Give me the worst case scenario

Worst case scenario - They do an AR on you and shut down your accounts...

Likelyhood? Depends. Where do you stand on 5/24? like how many of your accounts are new within the last 24 months?

Re: Tell Me It’s A Bad Idea.. Thanks

Anonymous — Tue, 30 Jun 2020 16:25:39 GMT

@lhcole77 wrote:
Worst case scenario:

@lhcole77 Hey man, don't be bringing that bad juju here... not this year.... we don't need that THIS YEAR.

Re: Tell Me It’s A Bad Idea.. Thanks

Anonymous — Tue, 30 Jun 2020 16:34:31 GMT

@lhcole77 wrote:
Worst case scenario:

Hey man, don't be bringing that bad JUJU up in here!! You're tempting fate! We don't need that THIS YEAR!!! ;-)

Re: Tell Me It’s A Bad Idea.. Thanks

Anonymous — Tue, 30 Jun 2020 19:29:07 GMT

@CivalV wrote:
So I was recently approved for a lease and though it has not reported .. yet.. I have offers in my Chase account. My scores are wayyy better than when I opened my Marriott Bonvoy back in Nov... I have not gotten lucky with any auto CLIs from Chase.

Would it be a terrible idea to apply for Chase before the Auto lease shows on my reports? I realllyyy want my goal card and now it is just there in my offers waiting lol

So yeah tell me it's a bad idea. Give me the worst case scenario

It is not an outright terrible idea.

May be good or may be bad... but not outright terrible from the information you have provided.

What is the goal card?

Worst case scenario from Chase perspective of what Chase can do, they grant you the goal card, lowering your average age of accounts, then lease reports so they decide to then close the recently opened goal card AND the Disney card.

But what you have described is not the case of getting a Chase while being 4/24 then immediately going on a revolving credit app spree.

When you say lease was approved, do you mean you have taken delivery of the car?

If so when?

True worst case scenario would be lease does not get funded, hard pulls from Chase frighten lender, and that lease does not happen.

Edit: It is absolutely true that credit underwriting has tightened, but it is also absolutely true that new credit is being granted.

The people most impacted by stricter credit underwriting are those accounts and applications seen as marginal.

If your application is marginal then proceed with caution but otherwise may be no issue.

Re: Tell Me It’s A Bad Idea.. Thanks

AverageJoesCredit — Tue, 30 Jun 2020 17:23:47 GMT

@lhcole77 wrote:
Worst case scenario:

Lol😆

Re: Tell Me It’s A Bad Idea.. Thanks

Remedios — Tue, 30 Jun 2020 18:01:33 GMT

What does auto lease have to do with apps/approvals for revolving accounts?

They aren't even included in 5/24 calculations

Re: Tell Me It’s A Bad Idea.. Thanks

Remedios — Tue, 30 Jun 2020 18:03:51 GMT

Your worst case scenario..there isnt one.

A new lease might impact your scores, but Chase is not heavily focused on those.

If you have a preapproval, and that's your goal card, go for it.

Nothing is going to happen to your card because of auto lease.

Re: Tell Me It’s A Bad Idea.. Thanks

M_Smart007 — Tue, 30 Jun 2020 21:19:24 GMT

@lhcole77 wrote:
Worst case scenario:

@lhcole77

Re: Tell Me It’s A Bad Idea.. Thanks

GApeachy — Tue, 30 Jun 2020 21:22:13 GMT

@AverageJoesCredit wrote:
@lhcole77 wrote:
Worst case scenario:

Lol😆

I know! belly tickle

Omg! Good luck!....whatever you decide.

Re: Tell Me It’s A Bad Idea.. Thanks

Gmood1 — Tue, 30 Jun 2020 21:43:27 GMT

"Tell Me It’s A Bad Idea.. Thanks"

It's a bad idea.

Kidding, not a bad idea at all. If you want it, get it.

Most of those offers seem to be solid. If you have a solid APR. You should be good to go!

Only way to obtain the card, is apply for it. What..are..you..waiting..for?

Re: Tell Me It’s A Bad Idea.. Thanks

GApeachy — Tue, 30 Jun 2020 21:46:48 GMT

@Gmood1 wrote:
"Tell Me It’s A Bad Idea.. Thanks"

It's a bad idea.

Kidding, not a bad idea at all. If you want it, get it.
Most of those offers seem to be solid. If you have a solid APR. You should be good to go!
Only way to obtain the card, is apply for it. What..are..you..waiting..for?

Have you any experience? duh!

Re: Tell Me It’s A Bad Idea.. Thanks

SouthJamaica — Tue, 30 Jun 2020 22:42:56 GMT

@CivalV wrote:
So I was recently approved for a lease and though it has not reported .. yet.. I have offers in my Chase account. My scores are wayyy better than when I opened my Marriott Bonvoy back in Nov... I have not gotten lucky with any auto CLIs from Chase.

Would it be a terrible idea to apply for Chase before the Auto lease shows on my reports? I realllyyy want my goal card and now it is just there in my offers waiting lol

So yeah tell me it's a bad idea. Give me the worst case scenario

No reason not to do it.

Re: Tell Me It’s A Bad Idea.. Thanks

lhcole77 — Tue, 30 Jun 2020 23:23:31 GMT

@Anonymous wrote:
@lhcole77 wrote:
Worst case scenario:

Hey man, don't be bringing that bad JUJU up in here!! You're tempting fate! We don't need that THIS YEAR!!! ;-)

How 'bout this:

Re: Tell Me It’s A Bad Idea.. Thanks

recoveringfrombk7 — Wed, 01 Jul 2020 00:01:12 GMT

See you in approvals!

Re: Tell Me It’s A Bad Idea.. Thanks

Meanmchine — Wed, 01 Jul 2020 02:35:06 GMT

@lhcole77 wrote:
Worst case scenario:

LOL !

Re: Tell Me It’s A Bad Idea.. Thanks

Meanmchine — Wed, 01 Jul 2020 02:37:01 GMT

If you are under 5/24, Id say go for it, but Chase hates me so dont go by my opinion

Re: Tell Me It’s A Bad Idea.. Thanks

zerofire — Thu, 02 Jul 2020 14:29:22 GMT

Chase does not bluff with their offers, usually. The only things they might trip over are 5/24 and BK's. 5/24 many times is bypassed by account offers but if you especially know that you qualify by being under and not having a BK then have fun and apply. Worst case you can always call recon and see what they are concerned with if they do a denial.