topic Re: Chase Freedom or Unlimited in Credit Cards

Chase Freedom or Unlimited

Anonymous — Sun, 01 Mar 2020 01:51:42 GMT

I currently have Paypal Credit limit $1750, Amazon Store Card limit $430, Cap1 QuickSilver limit $500, NFCU cashRewards limit $4000, NFCU More Rewards limit $2000, MilitaryStar limit $1475, Amex Blue Cash Everyday limit $1200. My FICO scores are TU 704, EQ 692, EX 677. My longest length of history is NFCU cashRewards 7 years, 2mo. My shortest is PayPal Credit at 1 year, 11mo. I'm extremely interested on getting my first Chase card. I've applied in the past and always got denied due to short credit history and high balances. I've now been very responsible and only have 2% utilization. Which Chase card do y'all recommend to get? Freedom or Unlimited? Do y'all think I can qualify for it now? I have a business account with them as well as a personal with funds. Would love to get a Visa Signature with the Freedom. What do y'all suggest I do? Or do y'all recommend another card?

Re: Chase Freedom or Unlimited

blindambition — Sun, 01 Mar 2020 01:59:13 GMT

I think best odds with CFU. Are you under 5/24? How long ago did you do last app with Chase? The low limits might be an issue, but not always.

Re: Chase Freedom or Unlimited

Anonymous — Sun, 01 Mar 2020 02:01:25 GMT

Yes I am under 5/24 rule. The last time I applied was April 2018. I've considered asking for CLI on my cards, not sure if it's the right move.

Re: Chase Freedom or Unlimited

blindambition — Sun, 01 Mar 2020 02:07:22 GMT

You should ask for CLI on cards that would be SP. Larger CL can help get larger limits with new cards you apply for.

I say your odds are good. No cards for 2 years.

Re: Chase Freedom or Unlimited

AllZero — Sun, 01 Mar 2020 02:10:16 GMT

@blindambition wrote:
You should ask for CLI on cards that would be SP. Larger CL can help get larger limits with new cards you apply for.
I say your odds are good. No cards for 2 years.

Agreed with @blindambition NFCU is no longer Hard Pull Happy?

Re: Chase Freedom or Unlimited

Anonymous — Sun, 01 Mar 2020 02:18:25 GMT

I'm tempted to ask for a CLI with Cap1 QuickSilver since they do SP, at least that's what I heard. I was on the phone with NFCU few days ago and I asked about their CLI and the rep said they do HP if I ask, but I've read that it's a SP if I do it online. Maybe if I accomplish getting CLI with SP, I'll wait for that to post, then apply for CFU.

Re: Chase Freedom or Unlimited

AllZero — Sun, 01 Mar 2020 02:22:39 GMT

@Anonymous wrote:
I'm tempted to ask for a CLI with Cap1 QuickSilver since they do SP, at least that's what I heard. I was on the phone with NFCU few days ago and I asked about their CLI and the rep said they do HP if I ask, but I've read that it's a SP if I do it online. Maybe if I accomplish getting CLI with SP, I'll wait for that to post, then apply for CFU.

Do it online. Navy CLI has been SP with data points. However, always expect a HP!

Good luck. May the odds be ever in your favor!

ETA make sure it's been at least 180 days from last CLI.

Re: Chase Freedom or Unlimited

Remedios — Sun, 01 Mar 2020 02:43:40 GMT

@Anonymous I have to ask about the negatives on your CR and if they are recent

For someone who has decent length of credit history, those are fairly low(ish) limits

Re: Chase Freedom or Unlimited

Anonymous — Sun, 01 Mar 2020 03:10:50 GMT

The only negatives are a Discover charge off from back in Jan 2018 that was settled for less than full balance. And also a 90 late payment to my Cap1 Quicksilver also early 2018. That's the only Negatives. 6 inquiries that are falling off in April 2020.

Re: Chase Freedom or Unlimited

KLEXH25 — Sun, 01 Mar 2020 03:12:12 GMT

I think you're in an excellent position to apply for a Chase card now. Have you tried to see if you prequalify? If your utilization is low now, is there something else keeping your scores down? I'm surprised they're not higher. Do you have any late payments or other negatives on your reports?

Re: Chase Freedom or Unlimited

Anonymous — Sun, 01 Mar 2020 03:22:03 GMT

Other than the Charge Off and Late payment, nothing else Negative. I do have a car loan with Ally that's paid well in advance, a student loan of $4500, and a stupid One Main loan of $2000/$5000. Never been late on any of that. I wanted to pay off the One Main loan since I have the full amount in my account but my interest rate is only 6% and I read on Experian that is better to just pay the monthly payment instead of paying off since it's an installment loan.

Re: Chase Freedom or Unlimited

Remedios — Sun, 01 Mar 2020 04:00:03 GMT

Derog that preceeds charge off is as severe as derog can be, without it being a BK.

90 day late is also a very serious derog.

Considering that both are very recent, I wouldnt be applying for anything right now. If that was a single, isolated 30 day late, maybe.

With CO and 90 day that aren't even two years old, you're really not looking at anything resembling decent terms and SL.

I suggest you wait a bit longer, especially with Chase. If they start you with low SL, you'll be stuck with it unless you're willing to go for a lot of HPs

Your apr will be highest, which is irrelevant if you dont carry balances, but most people do carry them.

I seriously would be applying yet.

Re: Chase Freedom or Unlimited

KLEXH25 — Sun, 01 Mar 2020 04:31:45 GMT

Agreed with Remedios. I didn't see your posts about the CO and late payment when I posted mine.

Re: Chase Freedom or Unlimited

blindambition — Sun, 01 Mar 2020 04:47:48 GMT

@Remedios wrote:
Derog that preceeds charge off is as severe as derog can be, without it being a BK.
90 day late is also a very serious derog.
Considering that both are very recent, I wouldnt be applying for anything right now. If that was a single, isolated 30 day late, maybe.
With CO and 90 day that aren't even two years old, you're really not looking at anything resembling decent terms and SL.
I suggest you wait a bit longer, especially with Chase. If they start you with low SL, you'll be stuck with it unless you're willing to go for a lot of HPs
Your apr will be highest, which is irrelevant if you dont carry balances, but most people do carry them.

I seriously would be applying yet.

My bad for not asking if you had derog. I agree with this completely.

Re: Chase Freedom or Unlimited

Tomatoshadow2 — Sun, 01 Mar 2020 07:59:06 GMT

I think you should wait a while applying for Chase, its a bummer that you have derogs against you, just let those age a bit more, before you do anything.

Re: Chase Freedom or Unlimited

CreditInspired — Sun, 01 Mar 2020 09:19:51 GMT

@Anonymous wrote:
I currently have Paypal Credit limit $1750, Amazon Store Card limit $430, Cap1 QuickSilver limit $500, NFCU cashRewards limit $4000, NFCU More Rewards limit $2000, MilitaryStar limit $1475, Amex Blue Cash Everyday limit $1200. My FICO scores are TU 704, EQ 692, EX 677. My longest length of history is NFCU cashRewards 7 years, 2mo. My shortest is PayPal Credit at 1 year, 11mo. I'm extremely interested on getting my first Chase card. I've applied in the past and always got denied due to short credit history and high balances. I've now been very responsible and only have 2% utilization. Which Chase card do y'all recommend to get? Freedom or Unlimited? Do y'all think I can qualify for it now? I have a business account with them as well as a personal with funds. Would love to get a Visa Signature with the Freedom. What do y'all suggest I do? Or do y'all recommend another card?

Thanks for the DPs. To provide accurate advice, we need 3 more:

*UT on each CC

*Inquiries in last 3/6/12/24 months

*Any baddies on CRs

EDIT. After I asked the question about baddies, I saw you response to @Remedios. Nope, don't apply for any more CCs just yet, especially not a Chase. Your baddies are too recent.

Re: Chase Freedom or Unlimited

CreditInspired — Sun, 01 Mar 2020 09:15:37 GMT

@Anonymous wrote:
Yes I am under 5/24 rule. The last time I applied was April 2018. I've considered asking for CLI on my cards, not sure if it's the right move.

Definitely ask for SP CLIs on your NFCU cards.

Re: Chase Freedom or Unlimited

M_Smart007 — Sun, 01 Mar 2020 13:51:57 GMT

@CreditInspired wrote:
@Anonymous wrote:
Yes I am under 5/24 rule. The last time I applied was April 2018. I've considered asking for CLI on my cards, not sure if it's the right move.
Definitely ask for SP CLIs on your NFCU cards.

Re: Chase Freedom or Unlimited

Anonymous — Sun, 01 Mar 2020 13:55:32 GMT

Welcome to the forums and good luck, OP!

Re: Chase Freedom or Unlimited

Anonymous — Mon, 02 Mar 2020 02:14:55 GMT

Thanks everyone for the great advise. I'll definitely follow everything that was said. I'm new to the forums. My TU went up today and it's at 727 today 👍🏻