topic Re: Denied for Chase Freedom Unlimited in Credit Card Applications

Denied for Chase Freedom Unlimited

Hugh_Jarmes187 — Sun, 04 Sep 2022 22:08:06 GMT

I was denied for the Chase Freedom Unlimited card.

Credit is 670 Fico9.

Some blemishes on credit (1 repo, 2 charge offs, 1 to CO to collections) but all are 4+ years old at this point. Have a student loan in good standing (11yr old TL) and a capital one quicksilver card (open 5/19, 3yr old TL), also an AU on parent's card (TL opened 5/2003).

7% cc usage.

Applied in branch hoping I could skip the recon call afterwords. Denied but end up calling the recon line.

Unable to be approved, reason being they were concerned about a auto repossession back in June 2018.

I explained that I lost my job, was working at a bar at night, taking interviews and donating plasma during the day. Rough times got rougher when I lost the car and had a credit card charged off.

I have a Capital One card with 100% on time payments since 4/2019. Lady on the recon line said I had a late payment back in 2020? I said told her I'm pretty sure I didn't... either way was unable to be approved after calling the recon line.

Any advice here as far as getting an approval? Would be nice to have a card with 5% gas and 3% dining and get into the Chase ecosystem.

First post so please let me know if something needs to be edited or this would be better suited in another sub forum.

Re: Denied for Chase Freedom Unlimited

Jnbmom — Sun, 04 Sep 2022 22:55:17 GMT

Chase doesn't like negatives and especially more recent ones within the last couple of years . You tried to recon and they did not approve . You will have to move on from chase for now .

Re: Denied for Chase Freedom Unlimited

mfinsmi1 — Sun, 04 Sep 2022 22:56:11 GMT

I dont have any advice regarding recon but if you have amazon prime I would see if you can get prequalified for the chase amazon visa credit card. They seem to have a bit looser underwriting and it may be a good way to get your foot in the door with chase if they do prequalify you.

Re: Denied for Chase Freedom Unlimited

Jnbmom — Sun, 04 Sep 2022 23:17:30 GMT

@mfinsmi1 wrote:
I dont have any advice regarding recon but if you have amazon prime I would see if you can get prequalified for the chase amazon visa credit card. They seem to have a bit looser underwriting and it may be a good way to get your foot in the door with chase if they do prequalify you.

While chase is more lenient in regards to the Amazon visa (5/24) aspect . They still do not like negatives especially a repo. OP might be better looking at a different lender right now But since it's a prequalify there is no harm in trying .

Re: Denied for Chase Freedom Unlimited

OmarGB9 — Mon, 05 Sep 2022 01:10:19 GMT

@Jnbmom wrote:
Chase doesn't like negatives and especially more recent ones within the last couple of years . You tried to recon and they did not approve . You will have to move on from chase for now .

Agreed. I would just let the negatives age and try again maybe in a year.

Re: Denied for Chase Freedom Unlimited

SDMarik — Mon, 05 Sep 2022 16:25:18 GMT

As others have said, you need to put Chase in the rear view for now. Those negatives ( especially the charge off and repo) are going to sting for a little while still. You might be better off picking up another sub-prime card to beef up the payment history, while you wait for those serious Negs to age.

Was the charge off to collections from a revolving account? Did it come with late payments reported as well?

Re: Denied for Chase Freedom Unlimited

SouthJamaica — Mon, 05 Sep 2022 19:13:10 GMT

@Hugh_Jarmes187 wrote:
I was denied for the Chase Freedom Unlimited card.

Credit is 670 Fico9.

Some blemishes on credit (1 repo, 2 charge offs, 1 to CO to collections) but all are 4+ years old at this point. Have a student loan in good standing (11yr old TL) and a capital one quicksilver card (open 5/19, 3yr old TL), also an AU on parent's card (TL opened 5/2003).
7% cc usage.

Applied in branch hoping I could skip the recon call afterwords. Denied but end up calling the recon line.

Unable to be approved, reason being they were concerned about a auto repossession back in June 2018.

I explained that I lost my job, was working at a bar at night, taking interviews and donating plasma during the day. Rough times got rougher when I lost the car and had a credit card charged off.

I have a Capital One card with 100% on time payments since 4/2019. Lady on the recon line said I had a late payment back in 2020? I said told her I'm pretty sure I didn't... either way was unable to be approved after calling the recon line.

Any advice here as far as getting an approval? Would be nice to have a card with 5% gas and 3% dining and get into the Chase ecosystem.

First post so please let me know if something needs to be edited or this would be better suited in another sub forum.

IMHO you're barking up the wrong tree. Chase is tough. If I were you I would look elsewhere. Better yet, hold off until your scores are at 700, and then look elsewhere.

Re: Denied for Chase Freedom Unlimited

Hugh_Jarmes187 — Mon, 05 Sep 2022 23:37:41 GMT

Off the top of my head, yes. 3 late payments and sent to collections. It was a credit card/revolving TL.

Any cards in particular that would be obtainable? Contemplating the Discover It card or Sam's Club card for the 5% on gas. Gas and dining are my biggest expenses fwiw. I'd also consider the Amazon card too but I don't actually spend a lot on Amazon.

Like said, I have a Capital One Quicksilver card, and am an AU on my one of my parent's cards. I also have a Capital One Savor One card I opened a 3-4 weeks ago but it isn't reporting yet.

Edit: still figuring out how to quote

Re: Denied for Chase Freedom Unlimited

SouthJamaica — Tue, 06 Sep 2022 01:12:56 GMT

@Hugh_Jarmes187 wrote:
Off the top of my head, yes. 3 late payments and sent to collections. It was a credit card/revolving TL.

Any cards in particular that would be obtainable? Contemplating the Discover It card or Sam's Club card for the 5% on gas. Gas and dining are my biggest expenses fwiw. I'd also consider the Amazon card too but I don't actually spend a lot on Amazon.

Like said, I have a Capital One Quicksilver card, and am an AU on my one of my parent's cards. I also have a Capital One Savor One card I opened a 3-4 weeks ago but it isn't reporting yet.

Edit: still figuring out how to quote

The Discover Card and the Amex Blue Cash Everyday are relatively obtainable, compared to Chase.

To quote you go to Reply, then hit the Quote button before you start typing your response.

Re: Denied for Chase Freedom Unlimited

Mdowning30 — Tue, 06 Sep 2022 12:05:24 GMT

I think you should go for the Discover It Chrome card, aka Gas & Restaurants. Scores for that are 640+ and you get atleast 2% back gas and restaurants. I have fair scores but im in with Chase because of my banking relationship. Only 4 months after my first chase card, the CFU, i was approved for my Discover It Chrome card AND the AMEX CS Investor card. I was pre-approved for $2000, or you might do better cold app'ing.

Re: Denied for Chase Freedom Unlimited

arifjk — Tue, 06 Sep 2022 15:57:52 GMT

I believe you may have a better luck with a local CU first, and build your credit again. There is always next time with Chase, CITI, BofA, Discover and AMEX.

I was out of Chase, CITI, BofA and AMEX for more than 10 years while I went through BK and post BK. Before I was accepted back into their ecosystem, I joined CUs, and applied several of the credit cards. The CC from CUs can mimic the cash back from those major lenders. PenFed has some for travel and gas, NFCU has some for dining, gas and travel as well.

So long you build your tradelines with no more late payments and maintain a low UTIL, you will be back with them again.

Re: Denied for Chase Freedom Unlimited

Hugh_Jarmes187 — Wed, 07 Sep 2022 16:49:17 GMT

@arifjk wrote:
I believe you may have a better luck with a local CU first, and build your credit again. There is always next time with Chase, CITI, BofA, Discover and AMEX.

I was out of Chase, CITI, BofA and AMEX for more than 10 years while I went through BK and post BK. Before I was accepted back into their ecosystem, I joined CUs, and applied several of the credit cards. The CC from CUs can mimic the cash back from those major lenders. PenFed has some for travel and gas, NFCU has some for dining, gas and travel as well.

So long you build your tradelines with no more late payments and maintain a low UTIL, you will be back with them again.

Makes sense. I figured building trade lines with zero late payments would help but having a hard time getting an approval due to a charge off and repo 4 years ago.

Do you know if PenFed and NFCU point systems are done by ScoreCard? My local CU (CUofCO) has a credit card but the point system is done through ScoreCard and generally awful and inconvenient.

I did apply for the Fidelity 2% cash back card. Said my application was being reviewed and I will know in several days. Here's hoping 3yrs of no late payments and direct depositing $5+ grand every month scores me some points with them.

@Mdowning30 wrote:
I think you should go for the Discover It Chrome card, aka Gas & Restaurants. Scores for that are 640+ and you get atleast 2% back gas and restaurants. I have fair scores but im in with Chase because of my banking relationship. Only 4 months after my first chase card, the CFU, i was approved for my Discover It Chrome card AND the AMEX CS Investor card. I was pre-approved for $2000, or you might do better cold app'ing.

Applied for the Discover It Chrome card. Got denied, called the reconsideration line listed on Doctorofcredit. 35 minutes in I finally get transferred to the "reconsideration" line only to have the third person I talk to tell me they don't do reconsiderations.

Not sure if she's lying to me, or I called the wrong number or what happened.

Re: Denied for Chase Freedom Unlimited

markhs777 — Wed, 07 Sep 2022 21:29:13 GMT

Think of getting into Harvard with a C- GPA. That's basically Chase.

Re: Denied for Chase Freedom Unlimited

Mdowning30 — Thu, 08 Sep 2022 12:01:57 GMT

@Hugh_Jarmes187 Im sorry to hear that and surprised. Next you can try applying for the Amex Blue Cash Everyday ? It would be a soft pull if denied.

Re: Denied for Chase Freedom Unlimited

TheRedHat — Thu, 08 Sep 2022 21:45:42 GMT

I'm sorry about your denial. Don't let it get to you. You have a score of 670. You don't need to apply for anymore subprime cards. While being responsible with your credit is obviously important, the number of tradelines or the length of perfect payment history don't mean much as long as you have those negatives on your report. So make sure you're not applying for anything just to "prove" to a bank that they can trust you or to "get your foot in the door."

First, make sure you review your three credit reports and that everything is accurate. Then, (my personal opinion) take a look at the U.S. Bank Cash Plus and U.S. Bank Altitude Go Secured Visa cards. These cards are relatively new "credit building" cards so most members don't talk about them here. However, the rule for these cards are that in order to graduate them, you can't have more than 1 new card in a 12-month period. Given your situation, you shouldn't be doing that anyway until those negatives fall off your report. If approved, you can sit on those two cards for a year or more and then apply to graduate them.

Re: Denied for Chase Freedom Unlimited

Hugh_Jarmes187 — Sat, 10 Sep 2022 15:38:29 GMT

@Mdowning30 wrote:
Im sorry to hear that and surprised. Next you can try applying for the Amex Blue Cash Everyday ? It would be a soft pull if denied.

Is the Amex BCE really a soft pull? I was under the impression that the soft pull was on if you already had a card with them. If it's always a soft pull on denial then I can't imagine it would hurt to try.

@TheRedHat wrote:
I'm sorry about your denial. Don't let it get to you. You have a score of 670. You don't need to apply for anymore subprime cards. While being responsible with your credit is obviously important, the number of tradelines or the length of perfect payment history don't mean much as long as you have those negatives on your report. So make sure you're not applying for anything just to "prove" to a bank that they can trust you or to "get your foot in the door."

First, make sure you review your three credit reports and that everything is accurate. Then, (my personal opinion) take a look at the U.S. Bank Cash Plus and U.S. Bank Altitude Go Secured Visa cards. These cards are relatively new "credit building" cards so most members don't talk about them here. However, the rule for these cards are that in order to graduate them, you can't have more than 1 new card in a 12-month period. Given your situation, you shouldn't be doing that anyway until those negatives fall off your report. If approved, you can sit on those two cards for a year or more and then apply to graduate them.

Good looking out. I didn't realize there were secured versions of the US Bank cards.

I would think I would need more tradlines as my credit is pretty thin. Literally one revolving account (Cap1 QS card) and then the Cap1 SavorOne card that hasn't reported yet. Then of course a repo, a charged off personal loan, and a $1300 collection for a charged off FNBO credit card.

I'm not too bummed out. Basically just got bored/motivated when I saw an alert in my phone that my charge off and repo are now 4 years old from original charge off date. The most/only real frustrating part is they can't even ask me for pay stubs (the charge off and repo were an income problem, not a financial irresponsibility problem) and I'm basically treated like some degenerate that can't be bothered to make the $25min payment, despite doing that at bare minimum for the last 4 years with capital one.

Been doing some reading and saw SoulMaster's guide for 700+ in 2 years after bankruptcy. I previously thought a repo and charge off that were 4 years old wouldn't hurt nearly as bad on my credit report as a bankruptcy but perhaps I was mistaken. Not planning on talking to the CA or Toyota Financial and will just let them drop off my report in 3 years.

Don't want this thread to get off the rails after it has served its purpose so will make a thread in the Rebuilding Credit forum.

Re: Denied for Chase Freedom Unlimited

Anonymalous — Sat, 10 Sep 2022 19:36:21 GMT

@Hugh_Jarmes187 wrote:
Do you know if PenFed and NFCU point systems are done by ScoreCard? My local CU (CUofCO) has a credit card but the point system is done through ScoreCard and generally awful and inconvenient.

No, you don't have to worry about that. I'm (unfortunately) familiar with ScoreCard points, and they're garbage. But Navy Fed's points cards are really cash back cards that redeem at 1 point : 1 cent, so the More Rewards is 3% in gas, groceries, dining, and transit and 1% on everything else (I have this card), and the Flagship is 3% in travel and entertainment and 2% in everything else. I'm not a member of PenFed, but they don't use ScoreCard points either (though PenFed points may be worth less than a cent each).