topic Re: Chase Pre-Qualify in Credit Card Applications

Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 16:29:20 GMT

I posted several months ago explaining that I was an authorized user on a Discover Card that had a 90%+ utilization rate. All the primary cardholder charges. I have since applied for a Secured BOA card and was approved. I removed myself as an authorized user and my FICO scores are:

1. Experian: 712

2. Transunion: 726

3. Equifax: 731

I pre-qualified for a Chase Freedom or Slate card with a solid quoted interest rate on their website. There was no interest rate range. This was also included at bottom of page:

"You can choose to stop receiving "prescreened" offers of credit from this and other companies by calling toll free 1-888-567-8688.
See PRESCREEN AND OPT-OUT NOTICE in the Pricing & Terms for more information about prescreen offers."

What are my chances of getting the Chase card? I have 1 baddie 30 day late that is 5.5 years old and will drop off soon. That's all I have on my credit report. 1 baddie and BOA Secured with $300 limit. Current utilization is 5%.

Is there anything else I can do to boost my scores more? Should the Chase be rejected, perhaps I should get another secured card? What do you think?

Thanks again for your help and advice.

Mohawk

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 17:10:59 GMT

Chase's pre-quals are pretty solid, so I'd say your chances of getting the Freedom are pretty good, but then again you never know until you try. Have you checked to see if you pre-qualify for any Capital One cards? They seem a bit easier to get in with.

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 17:32:38 GMT

Your file looks good and have a strong chance. Do the Freedom and report back with results. You are golden.

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 17:44:43 GMT

JustMe3,

Thanks for the response. I really don't get these credit card companies. Pure madness. For the past several months, Chase & Capital One said no pre-qualify as did everyone else. However, Citi said yes. I did not pull the trigger due to high utilization Discover was still on my credit report. Now, just minutes before, I just pre-qualified for Cap One Quicksilver, Prestige Platinum & Venture Card with solid interest quote rates. No range with pre-screen opt out notice. However, I was just rejected by Citi minutes ago for pre-qualify. Again, just pure madness.

I guess I have to decide who is most likely to approve me, Chase or Cap One?

What I really really really want is the Gold AMEX. Just a prestige thing I guess. Something about slapping down the Gold Card at dinner with clients. I don't think I'm there yet nor do I want to start getting a ton of inquiries. My credit is FINALLY good again.

Thanks again for your advice.

Cheers,

Mohawk

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 17:49:04 GMT

@Anonymous wrote:

I guess I have to decide who is most likely to approve me, Chase or Cap One?

You're welcome And why not try for both? If you have pre-approved offers for both, I say go for both because you have a very good chance at getting them.

Re: Chase Pre-Qualify

CreditCuriosity — Fri, 19 Jun 2015 17:53:33 GMT

Hit Chase up first the Cap1 is my recommendation as the poster above me mentioned why not grow your profile by two cards.

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 18:54:06 GMT

I was just approved for Chase Freedom!!!! I guess I should go for the double whammy and apply for Capital One?

Re: Chase Pre-Qualify

Creditaddict — Fri, 19 Jun 2015 18:58:28 GMT

@Anonymous wrote:
I was just approved for Chase Freedom!!!! I guess I should go for the double whammy and apply for Capital One?

Yes, you have an offer for Venture or Venture one?

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 19:07:52 GMT

Venture. One better than the other? Perhaps I should test the waters with Barclays pre qualify website?

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 19:10:03 GMT

@Anonymous wrote:
Venture. One better than the other? Perhaps I should test the waters with Barclays pre qualify website?

Venture is the better card. Barclays does not have a pre qualify page.

Re: Chase Pre-Qualify

-Cain- — Fri, 19 Jun 2015 19:13:23 GMT

Congratulations on your approval for Freedom. Do you mind sharing what CL/APR you got, and what they pulled?

Re: Chase Pre-Qualify

CreditCuriosity — Fri, 19 Jun 2015 19:25:15 GMT

Congrats on the freedom, I would hit Cap1 for a nice credit line as well then garden for 6 months.

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 20:12:42 GMT

OMG!!! I just got a whopping $20K approved for Venture Card.

Cain,

Chase: 12.99%, $7K, TU.

Capital One: 14.99%, $20K TU.

I'm surprised they both pulled TU. Based on creditboard, they seem to favor Experian with Equifax second.

Everyone, thanks again for your support and the gentle push. I'm like a kid in a candy shop now. It has been a long long time since I could do this. Several years ago, ran up a tremendous amount of medical bills. My credit was destroyed when insurance companies refused to pay. Obamacare came too little too late for me. I am fine and all is great now. Healthy as as pit bull. Run Marathons now.

You know....it is just nice to feel normal again.

Cheers Everyone and GOD Bless.

Mohawk

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 20:19:28 GMT

@Anonymous wrote:
OMG!!! I just got a whopping $20K approved for Venture Card.

Cain,

Chase: 12.99%, $7K, TU.
Capital One: 14.99%, $20K TU.

I'm surprised they both pulled TU. Based on creditboard, they seem to favor Experian with Equifax second.

Everyone, thanks again for your support and the gentle push. I'm like a kid in a candy shop now. It has been a long long time since I could do this. Several years ago, ran up a tremendous amount of medical bills. My credit was destroyed when insurance companies refused to pay. Obamacare came too little too late for me. I am fine and all is great now. Healthy as as pit bull. Run Marathons now.

You know....it is just nice to feel normal again.

Cheers Everyone and GOD Bless.
Mohawk

Congrats on the Venture approval. They didn't however just pull TU. CapOne pulls all three bureaus. Most importantly great to hear about your health improvements and credit restoration. I also think you would be approved for the Amex PRG. It's a great time to apply for that card because of the 50K MR offer floating around.

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 20:19:53 GMT

Very nice SL and APRs on both cards--congrats! Aren't you glad you pulled the trigger?

Re: Chase Pre-Qualify

Anonymous — Fri, 19 Jun 2015 20:38:28 GMT

Whoa...you really think I could get the AMEX PRG? AMEX Pre-qualify gave me nothing. Stated "We’re sorry we couldn’t find an exclusive offer for you. But based on your interests, we think you might like the following Cards". I don't know....I've got 3 inq's now. BOA Secured, Chase & Cap 1. As someone mentioned, maybe time to garden for several months. As I mentoned before, I really would like that AMEX Gold though.

JusMe3...I'm very happy I pulled the trigger!!!

Cheers

Re: Chase Pre-Qualify

CreditCuriosity — Fri, 19 Jun 2015 20:38:58 GMT

Congrats on both of you approvals and CL's! nice APR's as well!

Re: Chase Pre-Qualify

Creditaddict — Fri, 19 Jun 2015 21:50:18 GMT

@Anonymous wrote:
Whoa...you really think I could get the AMEX PRG? AMEX Pre-qualify gave me nothing. Stated "We’re sorry we couldn’t find an exclusive offer for you. But based on your interests, we think you might like the following Cards". I don't know....I've got 3 inq's now. BOA Secured, Chase & Cap 1. As someone mentioned, maybe time to garden for several months. As I mentoned before, I really would like that AMEX Gold though.

JusMe3...I'm very happy I pulled the trigger!!!

Cheers

1. I would be calling BofA next month when Cap1 and Chase report to credit and request to be unsecured. Then call back the next day and request CLI to $20k (they will counter if not full amount)

2. Yes you could EASILY get approved for any amex you want I bet right now.

Re: Chase Pre-Qualify

Anonymous — Sat, 20 Jun 2015 15:30:57 GMT

Morning Folks,

You are talking to the proud owner of a brand spanking new AMEX PRG 50K MR. YES!!

I'm done with apps now. Time for my FICO scores to recover...lol Only a few points down on FICO scores. My goal now is to get all my scores into 800's. Hopefully with the new cards and keeping my util under 10%, I will get there soon before getting car loan in late Fall this year and mortgage next year.

Cheers Everyone,

Mohawk

Re: Chase Pre-Qualify

Creditaddict — Sat, 20 Jun 2015 15:32:51 GMT

@Anonymous wrote:
Morning Folks,

You are talking to the proud owner of a brand spanking new AMEX PRG 50K MR. YES!!

I'm done with apps now. Time for my FICO scores to recover...lol Only a few points down on FICO scores. My goal now is to get all my scores into 800's. Hopefully with the new cards and keeping my util under 10%, I will get there soon before getting car loan in late Fall this year and mortgage next year.

Cheers Everyone,
Mohawk

BOOM, Congrats!