topic Re: Chase - How Long Do They Blacklist After Settlement? in Credit Cards

Chase - How Long Do They Blacklist After Settlement?

EW800 — Thu, 24 May 2018 02:06:55 GMT

Just wondering if anyone has any experience with how long Chase will blacklist following a settlement "Legally Paid For Less Than Full Balance". I do not owe them anything at all, however they lost about $10K in the deal about six years ago. It was not a BK, simply a settlement.

I assume they still blacklist for life (or close to that) under these circumstances?

Re: Chase - How Long Do They Blacklist After Settlement?

Anonymous — Thu, 24 May 2018 03:13:52 GMT

I'm not sure, but if you are still on their naughty list, you will probably not get a prequalified offer: https://www.chase.com/prequalified

Re: Chase - How Long Do They Blacklist After Settlement?

Nan425 — Thu, 24 May 2018 04:05:35 GMT

I had a charge off with chase in 2006. I have had a chase bank account for about 6 years. They instanlt approved me for a Chase Freedom at $500 limit in March 2018 thru logging into my online account and seeing a green check mark for selected card offers. Then 3 weeks ago I received in the mail a prequalified offer for Chase Saphire. Entered he invitation number and approved instantly for $2500.

Re: Chase - How Long Do They Blacklist After Settlement?

pipeguy — Thu, 24 May 2018 04:07:57 GMT

I'd wait until it's no longer on your credit report (the tradeline) then try once a year for an "easier card" like Amazon Visa. My best guess is 8 to 10 years before they let you back in (if they do).

Re: Chase - How Long Do They Blacklist After Settlement?

fltireguy — Thu, 24 May 2018 10:56:14 GMT

@Nan425 wrote:
I had a charge off with chase in 2006. I have had a chase bank account for about 6 years. They instanlt approved me for a Chase Freedom at $500 limit in March 2018 thru logging into my online account and seeing a green check mark for selected card offers. Then 3 weeks ago I received in the mail a prequalified offer for Chase Saphire. Entered he invitation number and approved instantly for $2500.

Weird. I didn’t think Sapphire was available to new applications. .. and the CSP has a minimum $2500 CL...

Re: Chase - How Long Do They Blacklist After Settlement?

CreditCuriosity — Thu, 24 May 2018 13:05:26 GMT

@fltireguy wrote:
@Nan425 wrote:
I had a charge off with chase in 2006. I have had a chase bank account for about 6 years. They instanlt approved me for a Chase Freedom at $500 limit in March 2018 thru logging into my online account and seeing a green check mark for selected card offers. Then 3 weeks ago I received in the mail a prequalified offer for Chase Saphire. Entered he invitation number and approved instantly for $2500.
Weird. I didn’t think Sapphire was available to new applications. .. and the CSP has a minimum $2500 CL...

Pretty sure he meant the CSP

Re: Chase - How Long Do They Blacklist After Settlement?

imaximous — Thu, 24 May 2018 13:14:52 GMT

@CreditCuriosity wrote:
@fltireguy wrote:
@Nan425 wrote:
I had a charge off with chase in 2006. I have had a chase bank account for about 6 years. They instanlt approved me for a Chase Freedom at $500 limit in March 2018 thru logging into my online account and seeing a green check mark for selected card offers. Then 3 weeks ago I received in the mail a prequalified offer for Chase Saphire. Entered he invitation number and approved instantly for $2500.
Weird. I didn’t think Sapphire was available to new applications. .. and the CSP has a minimum $2500 CL...
Pretty sure he meant the CSP

I thought the CSP was a $5K minimum? Is this $2.5k a new thing? When I got denied a few months ago, I called to recon and I was told by the analyst he couldn't offer me a $5k CL, which was the minimum requirement for the card.

Re: Chase - How Long Do They Blacklist After Settlement?

FinStar — Thu, 24 May 2018 14:28:13 GMT

Yes, that's interesting since the CSP typically starts @ $5K (minimum), the CS (in the past) had a minimum SL of $2K.

Re: Chase - How Long Do They Blacklist After Settlement?

Nan425 — Thu, 24 May 2018 14:43:00 GMT

Correction, chase freedom unlimited approved a starting limit $500 and Chase Slate at $2500 (not saphire). Sorry for the confusion. I have only banked with Chase and never used their card products bacause I thought I would never qualify. I even applied for the Slate card two years ago and hey said that my charge off in 2006 is why they could not grant me credit. Just thankful that they are sending me invites.

Re: Chase - How Long Do They Blacklist After Settlement?

FinStar — Thu, 24 May 2018 14:44:40 GMT

Ah that makes sense OP. Thanks for clarifying 😊