topic Re: Chase Pre-qualfied in Credit Cards

Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 02:43:00 GMT

I was helping my bf check his pre-qualified offers tonight and decided to check mine as well. I got this for Chase? How accurate are their offers? I was denied for the Freedom card on 10/17/2015, but I didnt have any offers at that time. Choose One of Your Pre-Qualified Offers

Chase Freedom®

Always-on Cash Back & Save On Interest

EARN A $100 BONUS

after you spend $500 on purchases in your first 3 months from account opening*

*Offer Details | †Pricing & Terms

Unlimited 1% Cash Back on every purchase—it's automatic*
5% Total Cash Back on up to $1,500 in combined purchases in bonus categories each quarter*
0% Intro APR and No Annual Fee†

Chase Slate®

Save on Interest & Free Monthly FICO® Score

$0 INTRO BALANCE TRANSFER FEE†

0% Intro APR†

*Offer Details | †Pricing & Terms

$0 Annual Fee†

Re: Chase Pre-qualfied

creditguy — Mon, 02 Nov 2015 02:38:12 GMT

Chase pre quals have been known to be pretty solid. Your scores may get you a low SL, but perhaps not, it's toss up sometimes. How old is your collection?

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 02:43:01 GMT

One thing you should check is if the APR is a range or set; if it's a range then it's about the same as applying cold, whereas a set APR is usually a very good sign for approval from Chase. Click on the Pricing and Terms for each of the cards and then you'll see what they're offering.

Also keep in mind that even if the APR is set, the SL might not be great if the APR is high in the range for that card since this means you're probably a borderline candidate.

Re: Chase Pre-qualfied

Kenny — Mon, 02 Nov 2015 02:43:51 GMT

I removed the links from your post. Usually Chase pre-quals are pretty solid.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 02:45:58 GMT

@creditguy wrote:
Chase pre quals have been known to be pretty solid. Your scores may get you a low SL, but perhaps not, it's toss up sometimes. How old is your collection?

Even if they just denied for the Freedom a few weeks ago? The collection is a little over 5 years old. I actually just settled the account last week and got them to agree to a PFD so it should be removed next week.

Re: Chase Pre-qualfied

Kenny — Mon, 02 Nov 2015 02:48:57 GMT

@Anonymous wrote:
@creditguy wrote:
Chase pre quals have been known to be pretty solid. Your scores may get you a low SL, but perhaps not, it's toss up sometimes. How old is your collection?
Even if they just denied for the Freedom a few weeks ago? The collection is a little over 5 years old. I actually just settled the account last week and got them to agree to a PFD so it should be removed next week.

Wait for the deletion, for sure.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 02:48:58 GMT

@Anonymous wrote:
One thing you should check is if the APR is a range or set; if it's a range then it's about the same as applying cold, whereas a set APR is usually a very good sign for approval from Chase. Click on the Pricing and Terms for each of the cards and then you'll see what they're offering.

Also keep in mind that even if the APR is set, the SL might not be great if the APR is high in the range for that card since this means you're probably a borderline candidate.

Says 0% Intro APR for the first 15 billing cycles. After that, 22.99% for both cards.

Re: Chase Pre-qualfied

CreditCuriosity — Mon, 02 Nov 2015 02:49:19 GMT

I would wait another week or two as well if you choose to go for the freedom for the $200 sign-up bonus that is most likely to come back.

As long as you haven't opened 5 accounts in the last two years you should be good to go. If you have it will be denied most certainly.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 02:51:05 GMT

Does that apply to store cards or just major cards?

Re: Chase Pre-qualfied

CreditCuriosity — Mon, 02 Nov 2015 03:00:22 GMT

@Anonymous wrote:
Does that apply to store cards or just major cards?

I am not 100% sure.. I will let someone else answer that question as I have heard different opinions on it.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 03:09:29 GMT

Everything I've read says all types of cards are included in the 5/24.

Re: Chase Pre-qualfied

creditguy — Mon, 02 Nov 2015 03:12:51 GMT

@Kenny wrote:
@Anonymous wrote:
@creditguy wrote:
Chase pre quals have been known to be pretty solid. Your scores may get you a low SL, but perhaps not, it's toss up sometimes. How old is your collection?
Even if they just denied for the Freedom a few weeks ago? The collection is a little over 5 years old. I actually just settled the account last week and got them to agree to a PFD so it should be removed next week.
Wait for the deletion, for sure.

Agreed, I would wait for the deletion, you may get a bump in scores and better terms and SL, no guarantees but at least you have a clean report to work with.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 04:08:02 GMT

the 5/24 rule includes store cards

Re: Chase Pre-qualfied

CreditMagic7 — Mon, 02 Nov 2015 04:46:53 GMT

@Anonymous wrote:
the 5/24 rule includes store cards

Personally did not know this myself. Thanks for laying out the full line of eligible cards which apparently now include stores that Chase also regards in their new 5/24 ratio. Once upon a time their U/W on a recon during a freedom application review straightway dismissed any store cards that i tried to bring to their attention in my explaination to them, essentally discounting them at the time as having no significance in the credit decision approval for that card.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 05:26:20 GMT

Since you were denied less than a month ago, I would wait at least 30 days before applying again. I wouldn't make any big changes to your credit profile between now and when you apply either. Best of luck!

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 15:24:06 GMT

Thanks for the info guys. I've opened more than 5 cards this year so I'll be holding out on this card until end of 2016 or 2017. Good to know I prequalify for their products now.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 17:37:27 GMT

I really doubt Chase has this firm 5/24 rule. Approval is purely based on an individual credit situation at time of appliucation. I was approved Chase Slate $50000 SL with 6 new accounts opened witoin one year at app time. AAOA 12months. TU 747 EQ 741 EX 723 Chase Slate $5000, AMEX ED $3000 DISCOVER IT $6000 AMEX PRG NPSL BOA TRAVEL REWARDS SIGN VISA $5000 AMEX JB $1000 BEST BUY $3000 MACY's $3100

Re: Chase Pre-qualfied

CreditCuriosity — Mon, 02 Nov 2015 18:00:39 GMT

@Anonymous wrote:
I really doubt Chase has this firm 5/24 rule. Approval is purely based on an individual credit situation at time of appliucation. I was approved Chase Slate $50000 SL with 6 new accounts opened witoin one year at app time. AAOA 12months. TU 747 EQ 741 EX 723 Chase Slate $5000, AMEX ED $3000 DISCOVER IT $6000 AMEX PRG NPSL BOA TRAVEL REWARDS SIGN VISA $5000 AMEX JB $1000 BEST BUY $3000 MACY's $3100

Slate isn't a UR card.

Re: Chase Pre-qualfied

Anonymous — Mon, 02 Nov 2015 18:07:38 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
I really doubt Chase has this firm 5/24 rule. Approval is purely based on an individual credit situation at time of appliucation. I was approved Chase Slate $50000 SL with 6 new accounts opened witoin one year at app time. AAOA 12months. TU 747 EQ 741 EX 723 Chase Slate $5000, AMEX ED $3000 DISCOVER IT $6000 AMEX PRG NPSL BOA TRAVEL REWARDS SIGN VISA $5000 AMEX JB $1000 BEST BUY $3000 MACY's $3100
Slate isn't a UR card.

What's an UR card?

Re: Chase Pre-qualfied

ltorres25 — Mon, 02 Nov 2015 18:19:43 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
I really doubt Chase has this firm 5/24 rule. Approval is purely based on an individual credit situation at time of appliucation. I was approved Chase Slate $50000 SL with 6 new accounts opened witoin one year at app time. AAOA 12months. TU 747 EQ 741 EX 723 Chase Slate $5000, AMEX ED $3000 DISCOVER IT $6000 AMEX PRG NPSL BOA TRAVEL REWARDS SIGN VISA $5000 AMEX JB $1000 BEST BUY $3000 MACY's $3100
Slate isn't a UR card.
What's an UR card?

Ultimate Rewards Card