topic Is this a green light from Chase? in Credit Cards

Is this a green light from Chase?

JGGM — Mon, 15 Apr 2019 14:48:08 GMT

Hey there MyFico world! I logged into my chase account this morning and saw these cards with "You're Pre-Qualified" next to them. Is this Chase's way of giving me a green light to apply? As of 4/13/19 I am 3/24 - I was 5/24 prior to the 13th. I know I can go in-branch and ask if I have any offers, but that's a bit inconvenient (closest Chase branch to my office is 20 miles).

Current Fico8 scores in signature. Have $100k+ in available credit (less than 1% utilization), paid off auto loan, and owe about $400 on a 0% furniture installment account (balance was originally $8,500). Income $105k. One negative item: paid-in-full charge off from 2013.

Re: Is this a green light from Chase?

sghosh5 — Mon, 15 Apr 2019 15:02:55 GMT

Wow 3% cash back offer on Freedom unlimited. Thats nice. Go for it

Re: Is this a green light from Chase?

Merlin3482 — Mon, 15 Apr 2019 15:16:02 GMT

Go for it!

Re: Is this a green light from Chase?

CreditCuriosity — Mon, 15 Apr 2019 15:42:50 GMT

Yes that is legit with your scores and new account 3/24 you are set to grab ONE of those offers that you find most benefical.. If you apply for more than one, most likely chase will kill the other application. Best of luck on deciding which one you would like!

Re: Is this a green light from Chase?

mrfufoppss — Mon, 15 Apr 2019 21:25:43 GMT

Go for it, I Just got approved for the same card today and im new to credit

Re: Is this a green light from Chase?

Anonymous — Mon, 15 Apr 2019 22:27:11 GMT

@CreditCuriosity wrote:
Yes that is legit with your scores and new account 3/24 you are set to grab ONE of those offers that you find most benefical.. If you apply for more than one, most likely chase will kill the other application. Best of luck on deciding which one you would like!

And, remember you might not want any of them! Consider if one of these are useful, and how it compares to cards from other issuers that you might consider. Prequalified doesn't mean you have to get it.

Re: Is this a green light from Chase?

SouthJamaica — Mon, 15 Apr 2019 22:53:34 GMT

@JGGM wrote:
Hey there MyFico world! I logged into my chase account this morning and saw these cards with "You're Pre-Qualified" next to them. Is this Chase's way of giving me a green light to apply? As of 4/13/19 I am 3/24 - I was 5/24 prior to the 13th. I know I can go in-branch and ask if I have any offers, but that's a bit inconvenient (closest Chase branch to my office is 20 miles).

Current Fico8 scores in signature. Have $100k+ in available credit (less than 1% utilization), paid off auto loan, and owe about $400 on a 0% furniture installment account (balance was originally $8,500). Income $105k. One negative item: paid-in-full charge off from 2013.

Yes it's the good stuff.

How do I know? Because I never get stuff like that.

Re: Is this a green light from Chase?

Anonymous — Tue, 16 Apr 2019 03:05:03 GMT

Yes. However please do note that they still do a hard credit inquiry before approval and also should be within 5/24( less than 5 cards in last 24 month) rule.

Re: Is this a green light from Chase?

Remedios — Tue, 16 Apr 2019 03:36:28 GMT

@JGGM I'd wait till the 1st of the following month if you just got under 5/24. If one of those cards is what you want, apply after the 05/01.

I've seen denials for applying in the same month.

Re: Is this a green light from Chase?

Anonymous — Tue, 16 Apr 2019 03:51:31 GMT

Yup you're good to go, I used mine on the Freedom Unlimited.

Re: Is this a green light from Chase?

JGGM — Tue, 16 Apr 2019 13:53:43 GMT

@Remedios wrote:
@JGGM I'd wait till the 1st of the following month if you just got under 5/24. If one of those cards is what you want, apply after the 05/01.
I've seen denials for applying in the same month.

@Remedios - I am definitely waiting till May to do anything - just to make sure their system recognizes me under 5/24. I was, more or less, in shock to actually see the "prequalified" note, as I have never had that show up before. For what it's worth, on the 'pricing and terms' section for the CSP, there's not a range, it just says 19.24% - which I don't care about as I won't be carrying a balance on it.

Re: Is this a green light from Chase?

Remedios — Tue, 16 Apr 2019 13:57:29 GMT

You should be good to go on or after the 1st of May

Looking forward to seeing approval thread from you soon!

Re: Is this a green light from Chase?

SouthJamaica — Tue, 16 Apr 2019 16:28:09 GMT

@JGGM wrote:
@Remedios wrote:
@JGGM I'd wait till the 1st of the following month if you just got under 5/24. If one of those cards is what you want, apply after the 05/01.
I've seen denials for applying in the same month.
@Remedios - I am definitely waiting till May to do anything - just to make sure their system recognizes me under 5/24. I was, more or less, in shock to actually see the "prequalified" note, as I have never had that show up before. For what it's worth, on the 'pricing and terms' section for the CSP, there's not a range, it just says 19.24% - which I don't care about as I won't be carrying a balance on it.

The fact that it's a single rate rather than a range confirms that it's a true prequalification.

Re: Is this a green light from Chase?

CreditInspired — Tue, 16 Apr 2019 17:13:44 GMT

@JGGM wrote:
Hey there MyFico world! I logged into my chase account this morning and saw these cards with "You're Pre-Qualified" next to them. Is this Chase's way of giving me a green light to apply? As of 4/13/19 I am 3/24 - I was 5/24 prior to the 13th. I know I can go in-branch and ask if I have any offers, but that's a bit inconvenient (closest Chase branch to my office is 20 miles).

Current Fico8 scores in signature. Have $100k+ in available credit (less than 1% utilization), paid off auto loan, and owe about $400 on a 0% furniture installment account (balance was originally $8,500). Income $105k. One negative item: paid-in-full charge off from 2013.

IDK. No green check marks.