topic Re: Chase Preapproval in Credit Cards

Chase Preapproval

Brianna0824 — Fri, 10 Mar 2023 16:54:20 GMT

Ok so I need some help.

I opened my Chase app this morning and I have 3 pre approvals. I am happy but hesitant because I checked my Experian app and it says I have 6/24. (2 from home lenders). On my fico app it says 2/24. I'm confused and hope someone can clarify this for me. I'm going to try to attach the screenshots so you can see.

Also I don't see where the CL is they are pre approving me for.

Please help.

Re: Chase Preapproval

GZG — Fri, 10 Mar 2023 17:03:30 GMT

5/24 refers to credit card/revolving type accounts opened in the last 24 months, not inquries, not loans

Have you opened more than 4 credit cards/revolving lines of credit appearing on your credit report in the last 24 months, regardless if they have an inquiry (the preapprovals on your chase account highly suggest you haven't, but you might have)

@Brianna0824

Re: Chase Preapproval

Brianna0824 — Fri, 10 Mar 2023 17:09:27 GMT

Ohhh I see. This entire time I was thinking it was inquires. I've only gotten 2 in the last 24 months. So because I have these preapprovals, does it mean I have a good chance of approval? My experian is 719, no collections. And where do I find the amount they want to preapproved me for. I have a chase freedom unlimited with a 12k limit. Should I shoot for the sapphire preferred?

Re: Chase Preapproval

BenConrad — Fri, 10 Mar 2023 17:37:40 GMT

@Brianna0824

Absolutely! Shoot for the Reserve--you are going to get it. Note that Chase uses their own scoring system. I have a 720 TU--(they only pulled TU) and a recent approval I received noted that their own proprietary score had me at 789... so go figure?!

Re: Chase Preapproval

SpaceCityCCuser — Fri, 10 Mar 2023 17:39:27 GMT

I had the csp and csr preapprovals as well last year. If you are going for the csp I would wait a bit. I have heard on dr of credit that a new in branch 90k SUB is coming soon. That is if you apply in branch you can get this better offer. I would wait until that is active.

Re: Chase Preapproval

BenConrad — Fri, 10 Mar 2023 17:40:03 GMT

@Brianna0824

BTW... I find Chase to be incredibly candid on the phone. I would call them and ask them if you are elligible for all 3--or 2 and what credit lines they can offer you. If you already have a Chase card they may very well only pull soft inquiries--ask!

Re: Chase Preapproval

Blender — Fri, 10 Mar 2023 17:40:10 GMT

@Brianna0824 wrote:
Ok so I need some help.

I opened my Chase app this morning and I have 3 pre approvals. I am happy but hesitant because I checked my Experian app and it says I have 6/24. (2 from home lenders). On my fico app it says 2/24. I'm confused and hope someone can clarify this for me. I'm going to try to attach the screenshots so you can see.

Also I don't see where the CL is they are pre approving me for.

Please help.

For what its worth, if you're really interested in the CSP, starting 3/19 if you apply in branch the SUB is 90k points vs the listed 60k on site.

(as seen on DOC)

Re: Chase Preapproval

SpaceCityCCuser — Fri, 10 Mar 2023 17:41:32 GMT

Also, you can PC from the csp to the csr after your one year anniversary. If you were eyeing the csr.

Re: Chase Preapproval

JoeRockhead — Fri, 10 Mar 2023 18:19:42 GMT

@BenConrad Unless things have changed very recently, Chase will only approve you for 2 cards in a 30 day period and as long as you're within the whole 5/24 rule... If you can get three, that would be a great data point for someone to share.

Re: Chase Preapproval

Brianna0824 — Fri, 10 Mar 2023 18:52:56 GMT

I'm on the phone with them now and they are saying they don't have the capability to tell me what card I am preapproved for and for how much. Lol. I may have to head to a branch.

Re: Chase Preapproval

CYBERSAM — Fri, 10 Mar 2023 19:18:33 GMT

@Brianna0824 wrote:
I'm on the phone with them now and they are saying they don't have the capability to tell me what card I am preapproved for and for how much. Lol. I may have to head to a branch.

How long have you had Freedom Unlimited?

I'm new with Chase so my experience is limited with them. When I got approved for Amazon, 3 months later I got CSP with pre-approval and now that my Amazon account is one year old, I'm getting similar invites like yours but mine shows "You'r Already Approved". Just wondering if a year made a difference.

However regardless if you want to go for, do it. Chase now offering SP CLI moving forward.

Re: Chase Preapproval

Brianna0824 — Fri, 10 Mar 2023 19:21:49 GMT

I have had this account for 1 year and 4 months.

Re: Chase Preapproval

SouthJamaica — Fri, 10 Mar 2023 20:12:08 GMT

@Brianna0824 wrote:
Ok so I need some help.

I opened my Chase app this morning and I have 3 pre approvals. I am happy but hesitant because I checked my Experian app and it says I have 6/24. (2 from home lenders). On my fico app it says 2/24. I'm confused and hope someone can clarify this for me. I'm going to try to attach the screenshots so you can see.

Also I don't see where the CL is they are pre approving me for.

Please help.

1. The 5/24 rule applies to new accounts, not to inquiries.

2. With your preapproval you're in fine shape. Go for it.

Re: Chase Preapproval

SouthJamaica — Fri, 10 Mar 2023 20:14:59 GMT

@Brianna0824 wrote:
Ohhh I see. This entire time I was thinking it was inquires. I've only gotten 2 in the last 24 months. So because I have these preapprovals, does it mean I have a good chance of approval? My experian is 719, no collections. And where do I find the amount they want to preapproved me for. I have a chase freedom unlimited with a 12k limit. Should I shoot for the sapphire preferred?

Yes you have a good chance of approval.

I don't believe you can find the amount they want to approve you for.

Yes shoot for the CSP, unless you prefer the CSR. Do not go near the Slate.

Re: Chase Preapproval

CYBERSAM — Fri, 10 Mar 2023 21:29:38 GMT

@Brianna0824 wrote:
I have had this account for 1 year and 4 months.

Then your chances should be good!

Good luck 👍👍

Re: Chase Preapproval

sznthescore — Fri, 10 Mar 2023 22:09:54 GMT

@CYBERSAM wrote:
@Brianna0824 wrote:
I'm on the phone with them now and they are saying they don't have the capability to tell me what card I am preapproved for and for how much. Lol. I may have to head to a branch.
How long have you had Freedom Unlimited?
I'm new with Chase so my experience is limited with them. When I got approved for Amazon, 3 months later I got CSP with pre-approval and now that my Amazon account is one year old, I'm getting similar invites like yours but mine shows "You'r Already Approved". Just wondering if a year made a difference.
However regardless if you want to go for, do it. Chase now offering SP CLI moving forward.

"You're Pre-Approved" vs "You're Already Approved" know the difference. Read full post here.

@elboullee wrote:

I figured that I would have to wait at least 2-4 weeks before any "pre-qualified" offers would be sent/emailed to me, but at the end of the checking account application process I was told that I was "approved" for three cards; FU, FF, and Slate.

As the FF was one of the two Chase cards I wanted, I accepted that offer and was immediately approved. However, I was given only a $500 CL.

Re: Chase Preapproval

Brianna0824 — Fri, 10 Mar 2023 23:49:52 GMT

*****Update******

I went to the bank to see if the bonus offer would be 90k it 70k at my bank so I decided to go for the Reserve. I'm going to wait for the signing bonus to reach 90k. I was denied and called the recon line as soon as I got in the car. I spoke with the lending department and updated my income and was approved for the Reserves (10k CL).

Thanks everyone for your help. I'm going to wait a little while before adding another card. I want my card to age before selecting another one.

Re: Chase Preapproval

PlatinumCredit — Sat, 11 Mar 2023 03:42:08 GMT

Congratulations!!!