topic Re: How solid is a Chase offer vs Prequal in Credit Cards

How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 15:58:31 GMT

Definitely was not looking to add anymore cards for awhile however on my Chase account page they show an offer for the CSP which by the way i not so recently just PC'd to reobtain their Chase Freedom Card again.

I previously had the CSP for a year.

In an effort to shore up my overall credit lineup, i added "other" alternative lenders who have come through nicely but am not so anxious (although i do plan to add another Chase Card) to rush into it anytime soon (or i didn't plan to).

Nothing is showed on Chase's Prequal which is completely understandable since i am over the 5/24 thingy and will be for a bit.

My question is this. Do Chase's "Offers" like the CSP they are currently displaying solid as the Prequals?

FWIW I didn't see that preapproval box at the lower section that usually suggests a good possibility of approval.

Thanks

Re: How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 16:54:24 GMT

Any ideas yet?

Someone here has surely taken them up on an account "offer" before.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 17:44:09 GMT

Hi CM7,

Here is some information that I hope will be of help. My husband had not been a prior Chase customer in December when I checked the Chase prequals for him. He was qualified for CSP, Freedom and Slate. I applied for CSP for him and he received a $10,000 approval. I waited a few days and then applied for a Hyatt card for him, and he received a $10,000 approval on the 2nd card as well.

This may be a bit different than your situation as yours is showing in your Chase sidebar and his was a prequal from checking online, but from what I understand, Chase offers seem to be fairly solid when they show up online under your "offers".

Specific APR always helps as well vs. displaying a range.

There was a post here on myfico yesterday in which someone had a green check mark in their Chase offers online and it seemed fairly solid.

Here also is a helpful post:

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Logged-into-my-Chase-credit-card-account-with-multiple-offers/td-p/4888836

Good luck, my friend.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 17:02:06 GMT

Offers on Chase's 'my offers' page are normally reliable from what I've seen. Being over 5/24 does make it tricky. If there is a local branch, going in could give you the same preapproval and get around the 5/24

Re: How solid is a Chase offer vs Prequal

K-in-Boston — Wed, 15 Mar 2017 17:11:33 GMT

I am being too lazy to look them up, but there have been a few threads recently where I chimed in that I had no prequals from Chase, but on December 31st when I logged in to my Chase account, I had the green check mark next to offers and had solid APR offers for CSP, FU and Slate. Took them up on the CSP and was immediately approved. I was over 5/24. It seems that if there are actual cards displaying with set APRs, the offers are a go. If you have things like "Explore our credit cards" in there instead, that's as good as cold apping.

Re: How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 17:28:12 GMT

@K-in-Boston wrote:
I am being too lazy to look them up, but there have been a few threads recently where I chimed in that I had no prequals from Chase, but on December 31st when I logged in to my Chase account, I had the green check mark next to offers and had solid APR offers for CSP, FU and Slate. Took them up on the CSP and was immediately approved. I was over 5/24. It seems that if there are actual cards displaying with set APRs, the offers are a go. If you have things like "Explore our credit cards" in there instead, that's as good as cold apping.

Thanks K-in-Boston (and others).

I indeed have the Green CheckMark offer for CSP and a single APR of 16%.

Going forward with it will no doubt make a double-pull though.

It's not necessary at this time but it might just be the "right" time too. Will give it some thought.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 17:29:24 GMT

I posted a very similar post to this one the other day (didn't get a clear answer). It gave me a list of offers Freedom, Freedom Unlimited, and Chase Sapphire Preferred. I went with the Freedom card because I didn't want to be too overzealous and go for the CSP since it is one of my dream cards. I was approved for the Freedom card. Gave me a 7-10 day response but I called Chase and told them I should have received an immediate approval if they were the one's reaching out to me about pre-approved cards on their app. They "verified" my identity by asking the usual silly questions and then boom! given a $2500 SL. After I received my card they sent me a direct offer for the CSP card but I felt like it was a set up to apply because I thought I would have to wait 6 months to apply for another card from them and I don't want to take a chance being declined.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 17:31:17 GMT

@Anonymous wrote:
Offers on Chase's 'my offers' page are normally reliable from what I've seen. Being over 5/24 does make it tricky. If there is a local branch, going in could give you the same preapproval and get around the 5/24

I'm definitely over the 5/24 but they still approved me when I took the Freedom offer (I was also offered Freedom Unlimited and CSP). I received a 7-10 day review response but I called them immediately and in the end I was approved and given a $2500SL

Re: How solid is a Chase offer vs Prequal

K-in-Boston — Wed, 15 Mar 2017 17:46:33 GMT

@CreditMagic7 wrote:
I indeed have the Green CheckMark offer for CSP and a single APR of 16%.

I would gamble that is a solid offer, as that's what I had also. It's a shame that the lowest APR is 16.49% but it could be far worse.

Edited to add: While not AmEx-fast on bonuses posting (gold standard as far as I'm concerned), I do already see the pending 50,000 UR bonus points for my 3rd statement closing Friday.

Re: How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 17:50:22 GMT

@Anonymous wrote:
I posted a very similar post to this one the other day (didn't get a clear answer). It gave me a list of offers Freedom, Freedom Unlimited, and Chase Sapphire Preferred. I went with the Freedom card because I didn't want to be too overzealous and go for the CSP since it is one of my dream cards. I was approved for the Freedom card. Gave me a 7-10 day response but I called Chase and told them I should have received an immediate approval if they were the one's reaching out to me about pre-approved cards on their app. They "verified" my identity by asking the usual silly questions and then boom! given a $2500 SL. After I received my card they sent me a direct offer for the CSP card but I felt like it was a set up to apply because I thought I would have to wait 6 months to apply for another card from them and I don't want to take a chance being declined.

Believe me i am the same way, that is always skeptical of being "set up".

I mean i have a reasonable enough good history with Chase so far but also i am not as up on Chase as most cardholders are.

Most my spend is been geared toward other lenders these past years and i really am not sure where things stand with their internal scoring system.

Still it's been a plan of mine to finally have a "pair" of Chase cards and really be able to maximize/transfer UR points and a single card won't do it.

While everyone was jumping on Chase and racking up multiple cards with them i steered toward other lenders so that now i am kind of on the tail end of that trend.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 17:56:26 GMT

How funny...I just asked this question yesterday.

In my experience, they seem pretty solid. Was offered freedom and CSP with a single APR. Was approved for freedom. But I also used chase.com/prequalified, so YMMV.

Re: How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 18:08:14 GMT

This is exactly what returns after filling out the Prequal form for Chase.

We are unable to locate any offers for you at this time.

This may be because you have opted out of "pre-screened" offers from Chase and other companies or you have recently responded to another offer from Chase.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 18:10:19 GMT

@CreditMagic7 wrote:
@Anonymous wrote:
I posted a very similar post to this one the other day (didn't get a clear answer). It gave me a list of offers Freedom, Freedom Unlimited, and Chase Sapphire Preferred. I went with the Freedom card because I didn't want to be too overzealous and go for the CSP since it is one of my dream cards. I was approved for the Freedom card. Gave me a 7-10 day response but I called Chase and told them I should have received an immediate approval if they were the one's reaching out to me about pre-approved cards on their app. They "verified" my identity by asking the usual silly questions and then boom! given a $2500 SL. After I received my card they sent me a direct offer for the CSP card but I felt like it was a set up to apply because I thought I would have to wait 6 months to apply for another card from them and I don't want to take a chance being declined.
Believe me i am the same way, that is always skeptical of being "set up".

I mean i have a reasonable enough good history with Chase so far but also i am not as up on Chase as most cardholders are.

Most my spend is been geared toward other lenders these past years and i really am not sure where things stand with their internal scoring system.

Still it's been a plan of mine to finally have a "pair" of Chase cards and really be able to maximize/transfer UR points and a single card won't do it.

While everyone was jumping on Chase and racking up multiple cards with them i steered toward other lenders so that now i am kind of on the tail end of that trend.

I'm sure you will be fine. Looking at your wallet and your Fico scores, you are sure doing A LOT better than me so I'm sure they would have no problem approving you for the CSP. I hear really good things about CSP and it seems like it is expected to be the new IT card since the AMEX Platinum cards annual fee is set to be increased to an unreasonable amount that has turned people off about keeping the card. From what I read, the next best thing is CSP.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 18:12:08 GMT

@Anonymous wrote:
How funny...I just asked this question yesterday.

In my experience, they seem pretty solid. Was offered freedom and CSP with a single APR. Was approved for freedom. But I also used chase.com/prequalified, so YMMV.

If you have their mobile app, there is a new tab 'Offers' and it shows you a list of offers you are pre-approved for and can apply for it easilu on the app.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 18:14:38 GMT

@CreditMagic7 wrote:
This is exactly what returns after filling out the Prequal form for Chase.

We are unable to locate any offers for you at this time.
This may be because you have opted out of "pre-screened" offers from Chase and other companies or you have recently responded to another offer from Chase.

I've already responded to an offer for the Freedom and received my card. I still have available offers for the Freedom Unlimited and Chase Sapphire Preferred and it has been about 2 weeks already.

Re: How solid is a Chase offer vs Prequal

K-in-Boston — Wed, 15 Mar 2017 18:25:05 GMT

@CreditMagic7 wrote:
This is exactly what returns after filling out the Prequal form for Chase.

We are unable to locate any offers for you at this time.
This may be because you have opted out of "pre-screened" offers from Chase and other companies or you have recently responded to another offer from Chase.

That was the same for me, which is why I was surprised to see cards in my Offers page. Again, I think the offers in the Offers page are just as solid as (if not more than) the prequal page.

Re: How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 19:04:28 GMT

@K-in-Boston wrote:
@CreditMagic7 wrote:
This is exactly what returns after filling out the Prequal form for Chase.

We are unable to locate any offers for you at this time.
This may be because you have opted out of "pre-screened" offers from Chase and other companies or you have recently responded to another offer from Chase.
That was the same for me, which is why I was surprised to see cards in my Offers page. Again, I think the offers in the Offers page are just as solid as (if not more than) the prequal page.

Yeah it must be a more direct and (approvable) way to attract for a new product then the Prequal page.

I dunno. I'll need to mull over this offer awhile and see what drives my motivation.

It's nice for a change to not act on impulse or need alone but weigh matters out awhile before going to app.

For a sure double-pull (Citi also does this) the SL would likely show where this profile currently stands with Chase internal scoring system too.

Really appreciate you weighing in on this today.

Re: How solid is a Chase offer vs Prequal

K-in-Boston — Wed, 15 Mar 2017 19:14:51 GMT

Great that you are able to not act on impulse! Another user in another thread just did the Offers for the CSP today and got the same $12k SL and 16.49% APR as I did. (Important to note that I was denied a CLI on my $4200 Freedom about 10 minutes before I took this offer.) My scores were all on par with your lowest (EQ), and it was indeed a double pull for me - TU & EX, which look really good in your case! Best of luck, and let us know if you decide to go for it. So far all of the data points seem to prove out that the cards in Offers will be approved.

Re: How solid is a Chase offer vs Prequal

CreditMagic7 — Wed, 15 Mar 2017 19:24:16 GMT

@K-in-Boston wrote:
Great that you are able to not act on impulse! Another user in another thread just did the Offers for the CSP today and got the same $12k SL and 16.49% APR as I did. (Important to note that I was denied a CLI on my $4200 Freedom about 10 minutes before I took this offer.) My scores were all on par with your lowest (EQ), and it was indeed a double pull for me - TU & EX, which look really good in your case! Best of luck, and let us know if you decide to go for it. So far all of the data points seem to prove out that the cards in Offers will be approved.

I been avalanched lately by Amex and they are aggressively marketing to me to take them up on a whole range of almost all their many different products but i been holding ground against it.

It's been a very very long road for me to elevate the AAOA and so it's been important to me to maintain some distance at the very least in between apps.

As indicated below my siggy the last app FNBO was January and i kind of been much better at spreading new accounts apart then before.

However niothing would make me happier than to add that CSP and call it quits with Chase card for another year.

Like i said, i'll take today and tomorrow to mull over this one and see how i feel on the motivation.

Those SL's are extremely attractive and would just about seal my satisfaction with Chase so far.

Re: How solid is a Chase offer vs Prequal

Anonymous — Wed, 15 Mar 2017 20:31:31 GMT

I just so happened to stop into chase on my lunch and spoke with a personal banker. As far as the 5/24 rule is concerned, it only matters for the Chase Sapphire Reserved card. For their other cards, its not really judged but may be on a case by case basis.