topic Re: I keep wanting to apply for the Chase Freedom but scared I might get denied. in Credit Cards

I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 15:58:41 GMT

I'm thinking of applying for the Chase Freedom card. I have 2 cards Capital One Quicksilver that was PC'd from a Platinum card ($2,300 CL) which I've had for 8 months now. I got approved for a Discover It about a month ago with a CL of $1,250. With only 8 months of history do I stand a chance to be approved for the Freedom? When I go to the Chase site I don't prequalify for any of their cards. I would like some opinions. My credit scores are 724 across the board. Thanks in advance!

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

jacetx — Fri, 04 Mar 2016 16:00:22 GMT

@Anonymous wrote:
I'm thinking of applying for the Chase Freedom card. I have 2 cards Capital One Quicksilver that was PC'd from a Platinum card ($2,300 CL) which I've had for 8 months now. I got approved for a Discover It about a month ago with a CL of $1,250. With only 8 months of history do I stand a chance to be approved for the Freedom? When I go to the Chase site I don't prequalify for any of their cards. I would like some opinions. My credit scores are 724 across the board. Thanks in advance!

I think you are heading into the right direction but for best chances of approval I would wait until you have at least 1 year of history.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Kevin86475391 — Fri, 04 Mar 2016 16:01:14 GMT

I agree, you're on a very solid track, but give it some more time.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 16:04:41 GMT

@jace8602 wrote:
@Anonymous wrote:
I'm thinking of applying for the Chase Freedom card. I have 2 cards Capital One Quicksilver that was PC'd from a Platinum card ($2,300 CL) which I've had for 8 months now. I got approved for a Discover It about a month ago with a CL of $1,250. With only 8 months of history do I stand a chance to be approved for the Freedom? When I go to the Chase site I don't prequalify for any of their cards. I would like some opinions. My credit scores are 724 across the board. Thanks in advance!
I think you are heading into the right direction but for best chances of approval I would wait until you have at least 1 year of history.

I hear many people get approved with thin files but with my luck I won't be one of them. Lol. Btw, no baddies or anything. My file is clean and I PIF every month.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 16:06:36 GMT

@Kevin86475391 wrote:
I agree, you're on a very solid track, but give it some more time.

Thanks for the advice! Should I wait until I prequalify?

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Kevin86475391 — Fri, 04 Mar 2016 16:11:31 GMT

Personally, I'd wait about 6 months in general to let history build on your two open accounts and to pass the year threshold. At that point I suspect you'll probably prequal anyway.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 16:13:21 GMT

@Kevin86475391 wrote:
Personally, I'd wait about 6 months in general to let history build on your two open accounts and to pass the year threshold. At that point I suspect you'll probably prequal anyway.

Very true. After I get the Freedom I plan to garden for a while before applying for anything.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Ghoshida — Fri, 04 Mar 2016 16:14:32 GMT

@Anonymous wrote:
@Kevin86475391 wrote:
I agree, you're on a very solid track, but give it some more time.
Thanks for the advice! Should I wait until I prequalify?

Generally that's a good idea unless your credit files are frozen or you've opted out of prescreened offers.

Chase has pretty solid offers on their prequal. You should be getting them once you've got a little over 1 year history.

While there are always exceptions (as many will tell you on this board), if I were you, I'd wait until I got a prequal, or the history is about 1.5 years old with scores around the 720+ mark (which you already are, with scores). The higher the scores, the better.

Oh and BTW make sure you don't have more than 4 cards when you app. (Read up on Chase 5/24 rule if you haven't already.)

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 16:16:56 GMT

@Ghoshida wrote:
@Anonymous wrote:
@Kevin86475391 wrote:
I agree, you're on a very solid track, but give it some more time.
Thanks for the advice! Should I wait until I prequalify?
Generally that's a good idea unless your credit files are frozen or you've opted out of prescreened offers.

Chase has pretty solid offers on their prequal. You should be getting them once you've got a little over 1 year history.

While there are always exceptions (as many will tell you on this board), if I were you, I'd wait until I got a prequal, or the history is about 1.5 years old with scores around the 720+ mark (which you already are, with scores). The higher the scores, the better.

Oh and BTW make sure you don't have more than 4 cards when you app. (Read up on Chase 5/24 rule if you haven't already.)

Yeah, the 5 accounts in 2 years rule.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 17:59:37 GMT

Yeah, one year of credit history is almost a must with Chase. They easily turn down people with shorter history, even for Freedom. Having a checking account with them could also help and they very often offer sign-up bonuses for that as well, if you don't already have an account.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 18:21:47 GMT

Are you currently chase customer? I mean do you have checking/savings account or any type of relationship with them? If so, it is easy to get started with them when it comes to credit card. Way back in 2009 I did not have enough credit history, but I had checking account with direct deposit of my salary with them. Whenver I applied chase card it was never approved. I met a personal banker at the chase and told my situation. He put in application for chase freedon in the branch, it was declined, but he asked me to get the the denial letter once I get it in the mail. I did, and he was able to get the decision reversed and I started my credit journey with chase freedom with SL $500.

What I have seen is to get started with credit cards from Chase and US Bank, they give weightage to the existing banking relationships ( It does not mean, if you don't have banking relationship, you will not get it, just to clearify ) with them. Once you are in with one credit card product, you are on your own.

I know, Chase bank is not there in every state!

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 22:44:28 GMT

I went against my better judgement and applied and got the 7-10 day message. I called to recon and still denied. This sucks.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Fri, 04 Mar 2016 22:55:31 GMT

@Anonymous wrote:
Yeah, one year of credit history is almost a must with Chase. They easily turn down people with shorter history, even for Freedom. Having a checking account with them could also help and they very often offer sign-up bonuses for that as well, if you don't already have an account.

I went against my better judgement and applied and got the 7-10 day message called to recon and still got denied. This sucks but oh well. Should I call again?

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Sat, 05 Mar 2016 00:13:22 GMT

lol after all that advice you tried anyway... gosh lol. sorry for the denial but you were very thoroughly informed

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Sat, 05 Mar 2016 00:22:40 GMT

I was going to say...didn't you decide last Friday to wait? Oh well, GL.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Imperfectfuture — Sat, 05 Mar 2016 09:53:04 GMT

@Anonymous wrote:
I'm thinking of applying for the Chase Freedom card. I have 2 cards Capital One Quicksilver that was PC'd from a Platinum card ($2,300 CL) which I've had for 8 months now. I got approved for a Discover It about a month ago with a CL of $1,250. With only 8 months of history do I stand a chance to be approved for the Freedom? When I go to the Chase site I don't prequalify for any of their cards. I would like some opinions. My credit scores are 724 across the board. Thanks in advance!

Scores matter. I did not get a pre qualify from chase until I had the Amazon Visa (which has since been closed and rolled into Freedon). Cold apping is okay, as long as no derogs on file.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Imperfectfuture — Sat, 05 Mar 2016 09:56:13 GMT

@Anonymous wrote:
@Anonymous wrote:
Yeah, one year of credit history is almost a must with Chase. They easily turn down people with shorter history, even for Freedom. Having a checking account with them could also help and they very often offer sign-up bonuses for that as well, if you don't already have an account.
I went against my better judgement and applied and got the 7-10 day message called to recon and still got denied. This sucks but oh well. Should I call again?

You never stated what your scores were, nor current util. These are factors when apping. I have been able to buck the rules with low util, but showing heavy usage and payments, and scores well over 700.

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Anonymous — Sat, 05 Mar 2016 14:00:01 GMT

OP says scores were 724..

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

Imperfectfuture — Sat, 05 Mar 2016 14:11:40 GMT

@Anonymous wrote:
OP says scores were 724..

Odd, I did not see that. Something else spooked them, maybe derogs, utilization. Hard to be under 730 without something not kosher (trust me, I know).

Re: I keep wanting to apply for the Chase Freedom but scared I might get denied.

deltatee — Sat, 05 Mar 2016 14:17:17 GMT

@Imperfectfuture wrote:
@Anonymous wrote:
I'm thinking of applying for the Chase Freedom card. I have 2 cards Capital One Quicksilver that was PC'd from a Platinum card ($2,300 CL) which I've had for 8 months now. I got approved for a Discover It about a month ago with a CL of $1,250. With only 8 months of history do I stand a chance to be approved for the Freedom? When I go to the Chase site I don't prequalify for any of their cards. I would like some opinions. My credit scores are 724 across the board. Thanks in advance!
Scores matter. I did not get a pre qualify from chase until I had the Amazon Visa (which has since been closed and rolled into Freedon). Cold apping is okay, as long as no derogs on file.

Having a relationship with Chase definitely helps. The Chase Amazon was my fist card and started with a $300 limit. But it grew very quickly and now Chase is the easiest credit card company for me to get approved with and by far the MOST generous in terms of limits.