topic Re: Which card is better that pass you, Visa or Amex? in Credit Cards

Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 15:08:43 GMT

I have read many opinions about two cards, but I would like to know which is best. I have Discover, Amex and they don't want to approve a Chase Visa. Such as recent these approvals do not is if you should wait

Re: Which card is better that pass you, Visa or Amex?

Berk — Tue, 28 Jun 2016 16:20:23 GMT

@Anonymous wrote:
I have read many opinions about two cards, but I would like to know which is best. I have Discover, Amex and they don't want to approve a Chase Visa. Such as recent these approvals do not is if you should wait

Your question has no definitive answer. I have Amex, Visa, Discover, and MC. All are best at different times.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 16:39:56 GMT

@Berk wrote:
@Anonymous wrote:
I have read many opinions about two cards, but I would like to know which is best. I have Discover, Amex and they don't want to approve a Chase Visa. Such as recent these approvals do not is if you should wait
Your question has no definitive answer. I have Amex, Visa, Discover, and MC. All are best at different times.

+1.

Card network is meaningless, aside from merchants that do/do not accept certian cards. Issuing banks/creditors, perks that come with the cards is what to look for.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 16:40:20 GMT

My goal is to get the approval of Chase Freedom . I do not understand why they approved me an American Express card and not a Chase . I hope in the future to have it.

Re: Which card is better that pass you, Visa or Amex?

iheartwings — Tue, 28 Jun 2016 16:52:53 GMT

@Berk wrote:
@Anonymous wrote:
I have read many opinions about two cards, but I would like to know which is best. I have Discover, Amex and they don't want to approve a Chase Visa. Such as recent these approvals do not is if you should wait
Your question has no definitive answer. I have Amex, Visa, Discover, and MC. All are best at different times.

+100 Make your cards work for you.

I understand that you're frustrated that Chase won't approve you for a card. They can be a tough nut to crack, but there is something about your profile that will not allow them to approve you. If I recall, you mentioned something about having a lot of store cards in your previous post. I don't know if that meant you've opened a lot of cards in the last several years. Don't forget that Chase will not approve you for a Freedom if you have opened 5 or more accounts in the last 2 years (24 months), regardless of your credit score.

Re: Which card is better that pass you, Visa or Amex?

Berk — Tue, 28 Jun 2016 16:57:26 GMT

@Anonymous wrote:
My goal is to get the approval of Chase Freedom . I do not understand why they approved me an American Express card and not a Chase . I hope in the future to have it.

Two different lenders = two different sets of criteria. Also, the fact that you now have credit cards would have changed your profile. Had you applied for Chase first you might have gotten that card and then been denied by Amex.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 16:58:29 GMT

Yes, these cards carry with me 2 years. I did not know that fact . Best expect them to do the approach

Re: Which card is better that pass you, Visa or Amex?

galahad15 — Tue, 28 Jun 2016 17:02:32 GMT

I have found that over the past ~20 years since receiving my first credit card, I have consistently gotten the best and most favorable card terms from MasterCard and Amex, of all the available card networks. None of the best offers I received from VISA or Discover that I can recall came close to the best offers I got from MC and Amex. Again, YMMV.

ETA: corrected typo

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 17:07:18 GMT

I think that opportunity will eventually come . I did not consider worthy of AMEX Every Day in my life. Lol and was approved . I am very responsible with my payments on time

Re: Which card is better that pass you, Visa or Amex?

creditguy — Tue, 28 Jun 2016 17:16:43 GMT

@Anonymous wrote:
My goal is to get the approval of Chase Freedom . I do not understand why they approved me an American Express card and not a Chase . I hope in the future to have it.

There are several contributing factors that would go into an approval or a denial. Your reasons for denial at chase if you have applied should be given to you, if so just work on whatever they said and check back on their pre qual page in the future.You could simply be too new to credit for chase and they would like to see a little experience using your current cards before they risk taking a chance on you, if that's the reason then that's easy, just use what you have responsibly and build a solid history and you will be on your way to getting cards you want. Just remember to keep in mind that one cards approval does not dictate others approvals. Amex approval by itself will not land you a chase approval and vice versa, each card has their own approval and UW criteria. Time and patience can do wonders, good luck.

Re: Which card is better that pass you, Visa or Amex?

Ghoshida — Tue, 28 Jun 2016 17:20:39 GMT

OP, Chase sends a letter after the denial of a new credit card.

What did your letter say?

That will help us do a better analysis than pure speculation.

Also, if possible, please list your cards (with limits and opening dates) and your current credit scores (with the source, if you know that).

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 17:22:07 GMT

Thank you!! What I need is definitely time

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 17:24:43 GMT

My score is according to them in 712. The reason that I give in the letter... "too many request for new card"

Re: Which card is better that pass you, Visa or Amex?

creditguy — Tue, 28 Jun 2016 17:31:24 GMT

@Anonymous wrote:
My score is according to them in 712. The reason that I give in the letter... "too many request for new card"

If your goal is to get a Chase card, keep in mind the 5/24 rule.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 17:40:24 GMT

What is the "that pass you" in the title meant for?

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 17:44:53 GMT

OP,

This rule only apply (for now) to Slate, Freedom and CSP, you mentioned that you want Freedom but why dont you try for a co-branded?, the 5/24 rule does not apply to those cards yet and doing this you will build a relacion with Chase and eventually you will get your approve for Freedom, most of the Chase cards are Visa (you want a Visa) so but again, YMMV.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 17:48:07 GMT

Re: Which card is better that pass you, Visa or Amex?

creditguy — Tue, 28 Jun 2016 17:57:31 GMT

@Anonymous wrote:
OP,

This rule only apply (for now) to Slate, Freedom and CSP, you mentioned that you want Freedom but why dont you try for a co-branded?, the 5/24 rule does not apply to those cards yet and doing this you will build a relacion with Chase and eventually you will get your approve for Freedom, most of the Chase cards are Visa (you want a Visa) so but again, YMMV.

This is not entirely true. There have been several threads about certain co branded cards being part of the 5/24 rule as of late. Of course there is no official word stated by Chase but there are threads regarding it. To OP, don't simply apply for a co-branded card because it says chase, apply for a card you want and can use, don't waste inquiries and bring down AAoA by simply applying for something because of it's name or affiliation.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 18:17:51 GMT

@creditguy wrote:
@Anonymous wrote:
OP,

This rule only apply (for now) to Slate, Freedom and CSP, you mentioned that you want Freedom but why dont you try for a co-branded?, the 5/24 rule does not apply to those cards yet and doing this you will build a relacion with Chase and eventually you will get your approve for Freedom, most of the Chase cards are Visa (you want a Visa) so but again, YMMV.

This is not entirely true. There have been several threads about certain co branded cards being part of the 5/24 rule as of late. Of course there is no official word stated by Chase but there are threads regarding it. To OP, don't simply apply for a co-branded card because it says chase, apply for a card you want and can use, don't waste inquiries and bring down AAoA by simply applying for something because of it's name or affiliation.

No co-branded cards are part of the 5/24 rule (at least with me), several people here were denied and others dont, myself applied for 6 Chase cards and only was denied for CSP (was my 4 application), after that i applied for United and IHG and both were approved with 5K each, and those applications were within 8 months:

Here my apllications:

Chase Freedom - Approved

Chase Amazon - Approved (closed and move CL to SW)

Chase SW - Approved

Chase CSP - Denied (Got denied right after applied, called recom an denied again, too many applications in the last 2 years)

Chase United - Approved

Chase IHG - Approved

So those applications were within 8 months, as you see there was no 5/24 rule applied to me and that is why my replay to OP.

You are right to apply only when necessary ( i learned that here) and i was not telling the OP to apply, he was just looking for info (Chase Visa) and i gave him an option but definatelly was not my recommendation, again YMMV.

Re: Which card is better that pass you, Visa or Amex?

Anonymous — Tue, 28 Jun 2016 18:21:55 GMT

@creditguy wrote:
@Anonymous wrote:
OP,

This rule only apply (for now) to Slate, Freedom and CSP, you mentioned that you want Freedom but why dont you try for a co-branded?, the 5/24 rule does not apply to those cards yet and doing this you will build a relacion with Chase and eventually you will get your approve for Freedom, most of the Chase cards are Visa (you want a Visa) so but again, YMMV.

This is not entirely true. There have been several threads about certain co branded cards being part of the 5/24 rule as of late. Of course there is no official word stated by Chase but there are threads regarding it. To OP, don't simply apply for a co-branded card because it says chase, apply for a card you want and can use, don't waste inquiries and bring down AAoA by simply applying for something because of it's name or affiliation.

Especially since most of the co-branded Chase cards are for very specific uses (e.g. the hotel cards) or have relatively general uses that are not quite as good as other cards out there (e.g. Chase Amazon - you can get better cash back on Amazon from the store card). And as creditguy pointed out, some of these are even under the 5/24 rule now.