topic Re: Chase Relationship Building? in Credit Card Applications

Chase Relationship Building?

FriendshipSoft — Wed, 02 Aug 2023 23:13:42 GMT

Hi all, after burning chase back in 2012, and my recent rebuild, I am working on trying to build a relationship with Chase for their credit products.

TU801 EQ 723 EX806

Currently 20% credit usage reporting

Wondering how I can get chase to give me some pre approved offers and how long it takes to build relationship ?

I created checking account / signed up today and switched direct deposit to chase .

I also added my income (150 ) and logged into credit journey and connected my 401k approx 100 k. Idk if this makes any difference to add the external accounts ?

Looking for some insight here into what I could do to build up relationship with chase ?

Located in MD for what it's worth

thanks !

Re: Chase Relationship Building?

Aim_High — Thu, 03 Aug 2023 00:17:34 GMT

I never had a BK or burned Chase but I have heard they can be pretty strict, especially if they were included. However, the linked thread offers some general data points about how long it has to be since BK was filed, and since you've been over ten years, that element should be fine.

As for the IIB with Chase, I was surprised but that same thread had some encouraging data points. See >message 17 of that thread<.

If you want to solicit further advice, suggest you look in that Bankruptcy subforum and ask those over there as you're likely to find even more data points and advice about credit after BK clears.

Re: Chase Relationship Building?

FriendshipSoft — Thu, 03 Aug 2023 00:26:09 GMT

Apologies I should have mentioned it wasn't in BK it was a CO for like 1200 bucks dofd in 2012 - i may have even settled it back in 2014 - I am not sure at this time

Re: Chase Relationship Building?

Tdatb64 — Thu, 03 Aug 2023 06:43:31 GMT

No BK for me but starting from zero credit it took about a year and a half of direct deposits to my Chase checking account before I got my first offer from them.

Re: Chase Relationship Building?

SouthJamaica — Thu, 03 Aug 2023 20:55:31 GMT

@FriendshipSoft wrote:
Hi all, after burning chase back in 2012, and my recent rebuild, I am working on trying to build a relationship with Chase for their credit products.

TU801 EQ 723 EX806
Currently 20% credit usage reporting

Wondering how I can get chase to give me some pre approved offers and how long it takes to build relationship ?

I created checking account / signed up today and switched direct deposit to chase .

I also added my income (150 ) and logged into credit journey and connected my 401k approx 100 k. Idk if this makes any difference to add the external accounts ?

Looking for some insight here into what I could do to build up relationship with chase ?

Located in MD for what it's worth
thanks !

I personally haven't found Chase to be much on 'relationships'.

Re: Chase Relationship Building?

Horseshoez — Thu, 03 Aug 2023 21:12:39 GMT

Hi @FriendshipSoft, the post @Aim_High directed you to read was from me; while there are differences between our situations in that I declared bankruptcy which ended up burning Chase for north of ten-grand, you had a small charge off. That said, dating back to last December when Chase approved me for my CSP, the only "pre-approval" I had from their web site was for a savings account; nothing more.

Re: Chase Relationship Building?

CYBERSAM — Thu, 03 Aug 2023 21:22:32 GMT

@FriendshipSoft 10 years is a long time! I say you have a good chance.

I never got any pre-approvals from them, one day cold app for Amazon and then CSP with decent CL last year.

The only issue I see is your 20% UTI, that seems high. However it depends on how many CCs you are currently have.

Good luck.

Re: Chase Relationship Building?

Guyatthebeach — Thu, 03 Aug 2023 22:22:30 GMT

@FriendshipSoft ,

I was able to get back into the Chase ecosystem using the Amazon Visa preapproval. I got the preapproval a few months after my chapter 7 bankruptcy dropped off my CR's. Yes I burned Chase badly. I was approved for $15,800 instantly and use it quite a bit. I got a promo to open a Total checking and savings account, and I got the bonuses credited to both accounts within 30 days.

I am not getting any credit card offers yet because I'm at LOL/5 in 12 and 24 months.

I have nothing but good things to say about Chases, but I'm surprised they even let me walk in the door!

I'm sure you start seeing offers soon.

Guyatthebeach

Re: Chase Relationship Building?

coldworld — Fri, 04 Aug 2023 02:08:29 GMT

I was approved for a CSR this morning, and my banking relationship is virtually non-existent and I have a less than stellar credit profile (have a CO reporting until this fall). I had no preapproval offers when I applied either.

Re: Chase Relationship Building?

FriendshipSoft — Fri, 04 Aug 2023 10:52:46 GMT

Yea my 20 utl seems high but I don't have a ton of open cc and 8000 in open credit - my ole lady accidentally let our cc report but we pif every month. Hey everyone thanks for all the feedback here it is sincerely appreciated . Will wait til my util reports sub 10 % and app

Re: Chase Relationship Building?

FriendshipSoft — Fri, 04 Aug 2023 12:37:42 GMT

Couple more questions - where is best place to apply for a chase product ?

for example - should I go through my login on their site ?

I have "'matched for you " chase cards on Experian app - would that mean that if applied for these cards it would pull exp? Would I have better odds if I tried through Experian app?

Similar question for chase bonvoy card - I am gold elite w Marriott for 5 years - would it help if I applied for that card through my Marriott membership ?

thanks ! Tk

Re: Chase Relationship Building?

Horseshoez — Fri, 04 Aug 2023 12:41:12 GMT

@FriendshipSoft wrote:
Couple more questions - where is best place to apply for a chase product ?

for example - should I go through my login on their site ?

I have "'matched for you " chase cards on Experian app - would that mean that if applied for these cards it would pull exp? Would I have better odds if I tried through Experian app?

Similar question for chase bonvoy card - I am gold elite w Marriott for 5 years - would it help if I applied for that card through my Marriott membership ?

thanks ! Tk

I would skip Experian, they're just paid to market cards which may or may not have any relationship to your odds for approval. If you think you're even remotely at risk of being denied, I would apply in person at a branch.

Re: Chase Relationship Building?

coldfusion — Fri, 04 Aug 2023 13:32:44 GMT

@Horseshoez wrote:
I would skip Experian, they're just paid to market cards which may or may not have any relationship to your odds for approval. If you think you're even remotely at risk of being denied, I would apply in person at a branch.

I'd agree with this.

The only time IMO there's a tangible benefit to you by applying through a 3rd party portal would be if it were extending an enhanced promotional offer that is better than what the issuer's own portal is currently offering. Chase has occasionally done it in the past but it's been more of an AMEX thing.

Re: Chase Relationship Building?

Aim_High — Fri, 04 Aug 2023 17:14:22 GMT

@FriendshipSoft wrote:
Couple more questions - where is best place to apply for a chase product ?

for example - should I go through my login on their site ?

I have "'matched for you " chase cards on Experian app - would that mean that if applied for these cards it would pull exp? Would I have better odds if I tried through Experian app?

Similar question for chase bonvoy card - I am gold elite w Marriott for 5 years - would it help if I applied for that card through my Marriott membership ?

thanks ! Tk

Agree with the above that even though Experian might seem to be a more reputable credit source than places like Credit Karma, all of those card recommendations are marketing and profit-driven. So unless there is a better offer through the link, no benefit in using them as @coldfusion pointed out. Ditto for applying for the Marriott card. On your card application, it will ask if you're already a Bonvoy member and to enter your member number (and other hotels/airlines do this also to link your existing loyalty account) so that information is taken into consideration.

Applying for the Chase card from within the Chase login might be helpful as they would likely prefill your existing profile data. It might also help avoid a delay for fraud verification. Just be advised, though, that with multiple Chase apps over the past five years and as an existing customer for over 20 years, they've frequently delayed my new card approvals until fraud verification has been completed. So don't be too concerned if the approval isn't immediate. (I believe I usually got the 7-10 day message.)

Also, which CRB (Credit Reporting Bureau) is pulled has more to do with the lender's preference and geographic location variations. Using the Experian app has nothing to do with Experian being the file that is pulled. We have a message thread with a listing compiled by and kept current by our members that may help give you some insight into which CRB(s) will be pulled for an application for a particular card. Go to the General Credit Topics forum at this link: Which Report Will They Pull, Part 2.

Re: Chase Relationship Building?

SouthJamaica — Sat, 05 Aug 2023 14:56:18 GMT

@Aim_High wrote:
@FriendshipSoft wrote:
Couple more questions - where is best place to apply for a chase product ?

for example - should I go through my login on their site ?

I have "'matched for you " chase cards on Experian app - would that mean that if applied for these cards it would pull exp? Would I have better odds if I tried through Experian app?

Similar question for chase bonvoy card - I am gold elite w Marriott for 5 years - would it help if I applied for that card through my Marriott membership ?

thanks ! Tk
Agree with the above that even though Experian might seem to be a more reputable credit source than places like Credit Karma, all of those card recommendations are marketing and profit-driven.......

Actually, I've noticed experian.com drifting further and further into the tawdry, deceptive type of marketing Credit Karma pioneered. E.g., "You could improve your credit usage and increase your FICO® Score with a new card. Check out offers matched just to you." The last thing appying for one of their "offers" (which are not really offers at all) would accomplish is to "increase [my] FICO® Score".