topic Re: Chase in Credit Cards

Chase

tntexans72 — Sun, 01 Nov 2015 03:33:58 GMT

What is the hardest chase card to get?

Re: Chase

Anonymous — Sun, 01 Nov 2015 03:35:23 GMT

Palladium

Re: Chase

CreditCuriosity — Sun, 01 Nov 2015 03:42:06 GMT

@Anonymous wrote:
Palladium

Well it might be the easiest assuming you have 250k with Chase I assume a 600 Fico would get approved for it as with that kinda money with Chase it kinda is a "secured" card lol

Re: Chase

tntexans72 — Sun, 01 Nov 2015 03:46:14 GMT

So if your scores are 500s and you have $250k you can get this card?

Re: Chase

CreditCuriosity — Sun, 01 Nov 2015 03:49:34 GMT

@tntexans72 wrote:
So if your scores are 500s and you have $250k you can get this card?

If you have 250k with chase it is quite possible as they have 250k of your money and if you defaulted in theory they could just take from that money and if you have that kinda money most likel you aren't going to default on a CC of say 20k-30k CL. So ya 500's it might even be possible. You are in a different league if you let them manage that kinda of money for you. Just my take on it others might disagree or can prove otherwise., but I think it is plausible

Re: Chase

Anonymous — Sun, 01 Nov 2015 03:59:56 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
Palladium
Well it might be the easiest assuming you have 250k with Chase I assume a 600 Fico would get approved for it as with that kinda money with Chase it kinda is a "secured" card lol

Chase freedom only requires $10,000 in your account. So technically, palladium is still the hardest card to get

Re: Chase

Closingracer99 — Sun, 01 Nov 2015 04:27:27 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
Palladium
Well it might be the easiest assuming you have 250k with Chase I assume a 600 Fico would get approved for it as with that kinda money with Chase it kinda is a "secured" card lol
Chase freedom only requires $10,000 in your account. So technically, palladium is still the hardest card to get

It takes $0 to get a Chase Freedom in your Chase account because you're not required to have a chase account to have one.

As far as the other card goes it's not "Hard" to get you just need a ton of money in that account to get the card . Underwriting has little to do with it

Re: Chase

Discover2016 — Sun, 01 Nov 2015 05:01:32 GMT

I think the hardest normal card from Chase to get is CSP, Freedom and Slate if you have more than 5 new accounts in the last two years

Re: Chase

Anonymous — Sun, 01 Nov 2015 07:46:17 GMT

Is there a specific Chase card you want?

Re: Chase

Anonymous — Sun, 01 Nov 2015 16:50:08 GMT

@CreditCuriousity wrote:
@tntexans72 wrote:
So if your scores are 500s and you have $250k you can get this card?
If you have 250k with chase it is quite possible as they have 250k of your money and if you defaulted in theory they could just take from that money and if you have that kinda money most likel you aren't going to default on a CC of say 20k-30k CL. So ya 500's it might even be possible. You are in a different league if you let them manage that kinda of money for you. Just my take on it others might disagree or can prove otherwise., but I think it is plausible

I don't think Chase could do that without a customer's explicit agreement that the assets would serve as collateral. A secured/collateralized card would have to be described as such.

If someone moved assets away from Chase, Chase might close the CC account promptly, but that wouldn't make a bad debt any more collectible.

If someone is facing foreclosure or a business failure with limited personal recourse, defaulting on $20k in CC debt doesn't make things so much worse.

So I doubt someone with a FICO in the 500's would be eligible for a super-premium unsecured card based on assets alone.

I wish this was a thread about Citi, so I could make a HyperDiamond Preferred mineralogy joke.

Re: Chase

Anonymous — Sun, 01 Nov 2015 16:56:33 GMT

… or a napsack full of citibank industrial grade diamonds, with 1500 SL's

Re: Chase

Anonymous — Sun, 01 Nov 2015 16:56:59 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
Palladium
Well it might be the easiest assuming you have 250k with Chase I assume a 600 Fico would get approved for it as with that kinda money with Chase it kinda is a "secured" card lol

Not to argue here but I tend to not agree with 250K means you can still get the Palladium with a 600 score. That is the bare minimum for Private Client as I understand (no branches close to me so I use WF). I realize having that card does not automatically mean crazy limits, but if they approved 600 FICO's then doesn't that lose some of the charm and prestige of the card?

Re: Chase

Open123 — Sun, 01 Nov 2015 17:02:29 GMT

@tntexans72 wrote:
So if your scores are 500s and you have $250k you can get this card?

I'd imagine, just as with all Financial Institutions, cash is King. If one has "enough," all manners of exceptions will be made.

Re: Chase

CreditCuriosity — Sun, 01 Nov 2015 17:12:08 GMT

@Open123 wrote:
@tntexans72 wrote:
So if your scores are 500s and you have $250k you can get this card?
I'd imagine, just as with all Financial Institutions, cash is King. If one has "enough," all manners of exceptions will be made.

+1 cash is king and the greedy bank will turn a blind eye.. They are probably more than willing to overlook Fico's and force it through granted the person will obtain a HP or two although how much the Fico will be considered can be argued.. There have been cases on here of people in the low 600's getting the Palladium due to having substantial assets with Chase. It might be a 10k credit limit or a 20k limit, but more than likely if they have that kinda cash there is an exception to every rule. So 250k maybe not as strong as a case, lets say 500k or 1 million with chase that card will be handed to them on a silver platter. It isn't a tough card to get by any means other than the financial requirements.. Just my take and of course the AF isn't cheap either. Kinda like the Amex black card isn't hard to obtain really either if you spend 250k a year with Amex.. Have a friend that puts alot through his Platinum due to business travel and has been offered the black.. Granted he has great credit, but same thought pattern is is all about money.

Re: Chase

Open123 — Sun, 01 Nov 2015 17:32:30 GMT

@CreditCuriousity wrote:
@Open123 wrote:
@tntexans72 wrote:
So if your scores are 500s and you have $250k you can get this card?
I'd imagine, just as with all Financial Institutions, cash is King. If one has "enough," all manners of exceptions will be made.
+1 cash is king and the greedy bank will turn a blind eye.. They are probably more than willing to overlook Fico's and force it through granted the person will obtain a HP or two although how much the Fico will be considered can be argued.. There have been cases on here of people in the low 600's getting the Palladium due to having substantial assets with Chase. It might be a 10k credit limit or a 20k limit, but more than likely if they have that kinda cash there is an exception to every rule. So 250k maybe not as strong as a case, lets say 500k or 1 million with chase that card will be handed to them on a silver platter. It isn't a tough card to get by any means other than the financial requirements.. Just my take and of course the AF isn't cheap either. Kinda like the Amex black card isn't hard to obtain really either if you spend 250k a year with Amex.. Have a friend that puts alot through his Platinum due to business travel and has been offered the black.. Granted he has great credit, but same thought pattern is is all about money.

Right, and if anyone didn't (unless it's AML related), the Bank will poke out their eyes for them.

Re: Chase

sjt — Sun, 01 Nov 2015 19:22:04 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
Palladium
Well it might be the easiest assuming you have 250k with Chase I assume a 600 Fico would get approved for it as with that kinda money with Chase it kinda is a "secured" card lol

Not necessarily true.

I remember speaking with a Chase Private Client Banker and they mentioned that in terms of card approval the relationship helps for those who are on the borderline of approval or those with no credit. Assets held in the bank helps but its not a guaranty.

Re: Chase

taxi818 — Sun, 01 Nov 2015 22:04:48 GMT

@tntexans72 wrote:
So if your scores are 500s and you have $250k you can get this card?

Im sure with 250k in cash no one really cares about any card.

Re: Chase

Anonymous — Mon, 02 Nov 2015 02:20:28 GMT

do you think the 5 card/2 years rule would apply to someone with 250k ready to open a private account aiming for the palladium?