topic Re: What model does chase use? in Credit Cards

What model does chase use?

Anonymous — Wed, 15 Jul 2020 04:07:33 GMT

I have 3 chase cc's but wasnt sure what they base them off of. I applied for the Sapphire Preffered and read that they usually dont approve below 700? My current scores are 664/677/694. Do they use their own scoring or is it what i see?

I have 11 collections from medical bills as my daughter went through luekemia treatment about 4 years ago. I paid all of them in full now but i know it still hurts my credit. I have 18 accounts and 1 loan at the moment. 6% util. My average age of credit is 3 years.

Freedom is $6700 24% interest

slate is 2400 24% interest

Sapphire is 9700 15.9% interest

Thanks in advance

Re: What model does chase use?

Anonymous — Wed, 15 Jul 2020 04:09:36 GMT

Chase usually uses FICO8

They also have their own internal score model, I'd think already having accounts with them influences that, and may play in your favor

Re: What model does chase use?

Anonymous — Wed, 15 Jul 2020 05:43:01 GMT

Ah ok. Thank you for the reply!

Re: What model does chase use?

coldfusion — Wed, 15 Jul 2020 10:06:58 GMT

@Anonymous wrote:
I have 3 chase cc's but wasnt sure what they base them off of. I applied for the Sapphire Preffered and read that they usually dont approve below 700? My current scores are 664/677/694. Do they use their own scoring or is it what i see?

I have 11 collections from medical bills as my daughter went through luekemia treatment about 4 years ago. I paid all of them in full now but i know it still hurts my credit. I have 18 accounts and 1 loan at the moment. 6% util. My average age of credit is 3 years.

Freedom is $6700 24% interest
slate is 2400 24% interest
Sapphire is 9700 15.9% interest

Thanks in advance

? Are you saying that you were approved for the Sapphire Preferred with a $9700 SL?

Or did you already hold 3 Chase cards including a no-AF Sapphire that you had previously PC'd to from a CSP or CSR, and you just applied for a CSP?

Re: What model does chase use?

SouthJamaica — Wed, 15 Jul 2020 18:49:10 GMT

@Anonymous wrote:
I have 3 chase cc's but wasnt sure what they base them off of. I applied for the Sapphire Preffered and read that they usually dont approve below 700? My current scores are 664/677/694. Do they use their own scoring or is it what i see?

I have 11 collections from medical bills as my daughter went through luekemia treatment about 4 years ago. I paid all of them in full now but i know it still hurts my credit. I have 18 accounts and 1 loan at the moment. 6% util. My average age of credit is 3 years.

Freedom is $6700 24% interest
slate is 2400 24% interest
Sapphire is 9700 15.9% interest

Thanks in advance

I'm pretty sure they use FICO 8.

Re: What model does chase use?

Girlzilla88 — Wed, 15 Jul 2020 18:56:41 GMT

On my Chase Credit Journey it shows EX Vantage 3.0, but I'm not sure if that is what they used to pull my application or not a few years back but of course things could have changed but Currently online the Credit Journey shows EX Vantage 3.0

Re: What model does chase use?

coldfusion — Wed, 15 Jul 2020 19:03:12 GMT

@Girlzilla88 wrote:
On my Chase Credit Journey it shows EX Vantage 3.0, but I'm not sure if that is what they used to pull my application or not a few years back but of course things could have changed but Currently online the Credit Journey shows EX Vantage 3.0

They don't use that to make actual credit decisions.

By default they HP Experian FICO8 and also apply the data to their own internal propietary algorithm but they have also been known to also HP from a 2nd CRA.

Re: What model does chase use?

Anonymous — Wed, 15 Jul 2020 23:20:40 GMT

Yes i was approved for the Sapphire Preffered $95 AF with a $9700 starting limit about a week ago.

Re: What model does chase use?

Anonymous — Tue, 08 Sep 2020 16:35:24 GMT

Re: What model does chase use?

NRB525 — Tue, 08 Sep 2020 17:50:59 GMT

Congrats on the approval.
With the collections there might be an issue if you are a new Chase customer. Since you already had two cards, likely for a few years, that allows them to adjust their internal score with known good payment history.

When were the Freedom and Slate opened?