topic Re: Chase question in Credit Cards

Chase question

Anonymous — Sat, 19 Jul 2008 16:00:32 GMT

I just got approved for a 3500 CL. The application indicated 0% for a year. I called up and was told the 0% was in effect until October, 2008. It then goes to 19.9%. A check was included in my welcome package. That check is at 19.9%. The 2 month balance transfer at 0% has to be done on the phone.

It doesn't state 0% on the back of the check. I did find this a little misleading.

Has anybody seen a 2 month balance transfer?

Re: Chase question

Anonymous — Thu, 24 Jul 2008 18:35:31 GMT

bump

Re: Chase question

Anonymous — Thu, 24 Jul 2008 18:39:50 GMT

I don't think I've seen anything about a 2 month balance transfer. I have yet to receive any checks from them like I get from BofA all the time. However, I was harassed for a month straight by CSR calling my house trying to offer me a BT. If they call again (seem to have gone away at the moment) I will ask how long the 0% is good for.

Oh & Congrats!

Message Edited by UpUpUp on 07-24-2008 02:39 PM

Re: Chase question

heirophant — Thu, 24 Jul 2008 18:57:39 GMT

Chase actually approves 3,6, or 12 month balance transfers based on your credit. That was the t&c's on my platinum app.

Re: Chase question

Anonymous — Thu, 24 Jul 2008 20:39:30 GMT

I took the first step in apping for a Chase Freedom Plus today! I spoke to a rep about opening a Chase Checking Account and he said that the checking does require a consumer report but that it is a SOFT hit. Seems like Chase has told people this before. Anyway, I apped for the checking and we'll give it a day. If it was a soft hit, I'll try to wow them with the 15k deposit and then app for the CC!

Re: Chase question

Anonymous — Thu, 24 Jul 2008 21:49:40 GMT

I stand corrected, it was a 3 month balance transfer. The effective dates seem to make it a little less than 3 months. The problem I had was I had to call up for the 0%, the check sent was at 19.99%. I apped hoping for a 0% rate for 12 months. I guess because of my existing debt, I got 0% for 3 months. Just don't send me a check for 19.9%. I think that's misleading.

Re: Chase question

fused — Fri, 25 Jul 2008 00:37:54 GMT

Fred2280 wrote:

I just got approved for a 3500 CL. The application indicated 0% for a year. I called up and was told the 0% was in effect until October, 2008. It then goes to 19.9%. A check was included in my welcome package. That check is at 19.9%. The 2 month balance transfer at 0% has to be done on the phone.

It doesn't state 0% on the back of the check. I did find this a little misleading.

Has anybody seen a 2 month balance transfer?

I have never heard of a 2 month 0% BT...something really seems wrong here.

Re: Chase question

Anonymous — Fri, 25 Jul 2008 01:48:40 GMT

Thanks for the replies. I was approved on 7/22 and presented with a 0% balance transfer through my 10/8 statement. I guess I'm nieve but with my approval letter came a check with no terms on it as far as the rate. I imagine there are some people, like myself, that might assume the check is the 0% offer. I almost deposited the check but held out not knowing the rate for sure. This has taught me not to ever deposit the BT check unless the rate is specified on it. I later was told by cs that you have to call to get the 0% rate. I never saw that before. A difference in BT rates between calling and checks showing up.

Re: Chase question

Anonymous — Fri, 25 Jul 2008 02:48:15 GMT

OP - You might be able to get them to lower the 19.99APR. I called them the other day and asked them to lower my IR and they were more than happy to lower it to 11.99 on my Freedom card, which is my lowest IR.

Re: Chase question

Anonymous — Fri, 25 Jul 2008 03:54:29 GMT

@heirophant wrote:
Chase actually approves 3,6, or 12 month balance transfers based on your credit. That was the t&c's on my platinum app.

If you apply you get that 3,6, or 12 depending on credit. If you get invited, and then app, you can end up with some really great deals. I was preapproved after I opened my checking accounts with Chase, but I chose not to apply. About a month later I got an offer for 0% interest BT's and Purchases through my Feb 2009 statement. I snapped up that deal because it was October of 2007. So that's 16 months.

Re: Chase question

Anonymous — Sat, 26 Jul 2008 03:30:52 GMT

ChemGuy wrote:
I took the first step in apping for a Chase Freedom Plus today! I spoke to a rep about opening a Chase Checking Account and he said that the checking does require a consumer report but that it is a SOFT hit. Seems like Chase has told people this before. Anyway, I apped for the checking and we'll give it a day. If it was a soft hit, I'll try to wow them with the 15k deposit and then app for the CC!

So, by applying for the Chase checking account I confirmed for myself that Chase is pulling EX for me I really don't want another inq on EX (already have 2 from this year and 2 from 2006), plus I have an embarrasing, bogus CA inq that is to my chagrin. Plus AMEX only softs EX so they will clearly find out. GRRR just wanted to vent a little.

Re: Chase question

Anonymous — Sat, 26 Jul 2008 03:32:54 GMT

ChemGuy wrote:

ChemGuy wrote:
I took the first step in apping for a Chase Freedom Plus today! I spoke to a rep about opening a Chase Checking Account and he said that the checking does require a consumer report but that it is a SOFT hit. Seems like Chase has told people this before. Anyway, I apped for the checking and we'll give it a day. If it was a soft hit, I'll try to wow them with the 15k deposit and then app for the CC!

So, by applying for the Chase checking account I confirmed for myself that Chase is pulling EX for me I really don't want another inq on EX (already have 2 from this year and 2 from 2006), plus I have an embarrasing, bogus CA inq that is to my chagrin. Plus AMEX only softs EX so they will clearly find out. GRRR just wanted to vent a little.

Hmmm, I opened a chase checking account online about 1 1/2 weeks ago because after opening my chase credit card they sent me an offer saying they'd give me $150 back after I had my account open for 4-6 weeks. I'm assuming they just did a soft inquiry if any, because nothing has shown up on my reports yet and I've been using the account, so it's definately open....

Re: Chase question

Anonymous — Sat, 26 Jul 2008 03:36:25 GMT

Yes, it is a soft for the checking account. But I am interested in apping for a credit card and I was glad that they would soft for the checking, to give me a heads up on whom they would HARD for the CC.

Re: Chase question

Anonymous — Sat, 26 Jul 2008 05:05:10 GMT

ChemGuy wrote:
Yes, it is a soft for the checking account. But I am interested in apping for a credit card and I was glad that they would soft for the checking, to give me a heads up on whom they would HARD for the CC.

Aaah. Sorry to reiterate what you already know. It's late...or early rather and I'm my 2nd starbucks with a boost of energy so I can finish up some work tonight (doing a good job of that wondering around these forums!).

Where are you located? I'm in NY and just got the Chase Freedom last month. I can look at my reports to see who they pulled and if I notice any soft pulls if it will help you.

Re: Chase question

Anonymous — Sat, 26 Jul 2008 11:48:43 GMT

I'm in CT

Re: Chase question

Anonymous — Sat, 26 Jul 2008 12:19:43 GMT

Hmm...maybe they use the same ones. Let me check my true credit reports. I'll be right back..

Re: Chase question

Anonymous — Sat, 26 Jul 2008 12:25:00 GMT

Okay, on 6/8 I applied and they pulled Experian (which showed up as Chase). I figured that was a bad sign, so I called on 6/9 to recon and the woman pulled TU (which showed up as First USA) and approved me. Saw that through truecredit, but I have a recent experian report too and that shows that "JP Morgan Chase" softed me through Experian on 7/17/08. I think that was the day I opened the checking account.

Message Edited by UpUpUp on 07-26-2008 08:25 AM