topic Re: Chase freedom or wait?...i want to have another option. in Credit Cards

Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 04:37:24 GMT

Hi guys, Im new to these forums but im been reading alot. I been contemplating wether or not to apply for a chase freedom card, this past week i got approved for a discover it with a CL of 1000 and ive had a BOA cash rewards for 11 months witha CL of only 500.

I think the reason BOA hasnt bumped up my CL its because i use my card alot and sometimes i went over the CL but i always paid it before the statement close. One time i did forget to make a payment for a balance of $22.

Not sure if i shoud apply or not, i would like to add another card so i can build the credit right as im fairly new to credit 1YR.

Thanks in advance .

Actually i have never inquired my fico scores guys, i just now started getting serious about credit.

my only two inquiries have been the original BOA card 11 months ago and this discover one thjis past week. As far as i know i dont have any collections and no other debts.

I will be able to monitor my Fico once i start getting statements with discover.

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 05:18:13 GMT

Well i say you can wait for the statement and know at least your TU score , in my case the last 2 times i try for chase they pull TU , but that change.

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 05:34:30 GMT

@Anonymous wrote:
Well i say you can wait for the statement and know at least your TU score , in my case the last 2 times i try for chase they pull TU , but that change.

Depends on region.

Experian in CA.

Re: Chase freedom or wait?...i want to have another option.

FinStar — Sun, 20 Sep 2015 05:45:04 GMT

@Anonymous wrote:
@Anonymous wrote:
Well i say you can wait for the statement and know at least your TU score , in my case the last 2 times i try for chase they pull TU , but that change.
Depends on region.

Experian in CA.

Chase can also pull EQ. In some instances two CRs, primary and secondary... YEMV when you apply.

Re: Chase freedom or wait?...i want to have another option.

Open123 — Sun, 20 Sep 2015 05:48:14 GMT

My last several Chase apps have resulted in double pulls--EX and EQ.

Re: Chase freedom or wait?...i want to have another option.

EdMan63 — Sun, 20 Sep 2015 08:42:51 GMT

Both of my Chase cards resulted in pulls from Ex and TU.

Re: Chase freedom or wait?...i want to have another option.

joeaseer — Sun, 20 Sep 2015 19:10:10 GMT

@Anonymous wrote:
Hi guys, Im new to these forums but im been reading alot. I been contemplating wether or not to apply for a chase freedom card, this past week i got approved for a discover it with a CL of 1000 and ive had a BOA cash rewards for 11 months witha CL of only 500.

I think the reason BOA hasnt bumped up my CL its because i use my card alot and sometimes i went over the CL but i always paid it before the statement close. One time i did forget to make a payment for a balance of $22.

Not sure if i shoud apply or not, i would like to add another card so i can build the credit right as im fairly new to credit 1YR.

Thanks in advance .

Actually i have never inquired my fico scores guys, i just now started getting serious about credit.

my only two inquiries have been the original BOA card 11 months ago and this discover one thjis past week. As far as i know i dont have any collections and no other debts.

I will be able to monitor my Fico once i start getting statements with discover.

The Chase Freedom card was my first credit card, then I got a Discover It card with a 1,000 limit. This is why my advice should help you. The Discover IT card has more benefits than the Chase Freedom does for the rest of the year. Maybe wait until Jan 2016 to get it. And by then do a Credit Line Increase with Discover IT and get 1,500 to 3,000 or so limit. And after that you should wait until both your cards statements cut and then apply for the Chase Freedom hopefully that'll get you a better starting limit.

Re: Chase freedom or wait?...i want to have another option.

kdm31091 — Sun, 20 Sep 2015 19:13:23 GMT

I agree, if you have Discover, there is basically no reason to get a Freedom at the moment. Wait until 2016.

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 19:46:28 GMT

keep in mind too the discover can grow. the chase most likely won't so whatever limit you get with the freedom you'll basically be an elderly person with that same limit lol. 80% of people i would guess don't ever see a CLI from the freedom. i would take advantage of what discover is offering for the next 12 months and maybe see about the freedom then. if you want options maybe go with barclay

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 19:58:30 GMT

50 years later and still $500 limit , i like too discover more and im thinkin try it too but the problem is my bills just accept visa or mastercard and i want more the card for that and thats why maybe i try freedom more or in any case both.

Re: Chase freedom or wait?...i want to have another option.

joeaseer — Sun, 20 Sep 2015 20:02:43 GMT

@Anonymous wrote:
50 years later and still $500 limit , i like too discover more and im thinkin try it too but the problem is my bills just accept visa or mastercard and i want more the card for that and thats why maybe i try freedom more or in any case both.

I might be downing Chase Freedom but I would suggest the Citi Double Cash card, well as long as you can pay back in full every month. If you can't then you as well go with the Chase Freedom because the sign up bonus. I'd wait until December for them to offer the 200 dollar sign up bonus though.

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 20:10:13 GMT

what credit citi usually pull ? and what score is good to try ?

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 20:11:18 GMT

the citi card is pretty hard to obtain because citi is very picky on the cleanliness of the report

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 20:17:22 GMT

for now the only bad in my credit is student loan lates of april 2013.

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 20:18:07 GMT

then i would hold out based on the plural version of late.

Re: Chase freedom or wait?...i want to have another option.

icyhot — Sun, 20 Sep 2015 20:23:33 GMT

Try a Capital One card. If anybody grows with its customers, it's Cap One. You could probably get the no-AF Quiksilver, check the prequals. And there's a great number I can PM to talk to an analyst about getting an increase with BofA if you'd like. They helped me grow from a $500 rebuilder card to an $8,000 cash rewards visa signature in 8 months

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 20:32:10 GMT

if they got a $500 QS1 then i doubt the QS is on the immediate horizon

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 20:36:58 GMT

I think i try chase , the last time i try was in may and when i call for recon they say about my new accounts and want to see how i manage the accounts for more time , in that time my amazon card was 6 months old and walmart 2 months , in december amazon 1 year and and walmart 9 months.

Re: Chase freedom or wait?...i want to have another option.

Anonymous — Sun, 20 Sep 2015 21:23:40 GMT

Don't want to be the elephant in the room, but for Chase, a little more history and experience with credit generally means 2+ years. With very 'thin' credit files like yours, it's possible, but expect high APR and a low limit.

I would wait on Chase for that reason. Like previously stated, you will be stuck with your agreement with Chase for a long time.

Cap1 will grow more with you as you establish credit history. They have products geared more for fair, young credit profiles.

Once you have built a better file, go for the Freedom if that's what you really want. A bit better limit will help your utilization and be more usable than just
a toy limit.

I have above 740 scores and I'm waiting on apping for the Freedom/CSP combo because I want the lowest APR and highest limit with them when I apply. I have even had accounts with them for about 3 years. Now I find that I may be wasting my time on it as I am finding the future benefits lacking. Long story is, hopefully, I won't need diapers for a few more years. Plus a few other reasons.

Over the years though, my Discover IT card, QS and Venture have all grown to over $10,000 limits.

But, as in all things, you need to do what's best for you. Good luck.

Re: Chase freedom or wait?...i want to have another option.

kdm31091 — Sun, 20 Sep 2015 21:26:55 GMT

Definitely wait on Chase. I will echo what is stated above: once you apply and get that limit and APR, the majority of the time that's it. You're stuck with it. They never budge on APRs and are not big on CLIs. Not that you never can get an auto CLI, but it's pretty rare. Requested CLIs are a HP and often not worth it based on the results I've seen

The point is: get your profile in the best shape it can be before going for a Chase card, because they are pretty inflexible about improving your terms down the road without having to reapply.