topic Re: Chase Freedom CLI - Soft Inquiry in Credit Cards

Chase Freedom CLI - Soft Inquiry

shane82388 — Sun, 11 Mar 2012 04:30:08 GMT

The lady who opened my Chase business checking and savings yesterday said i was pre-approved for Chase INK. I didnt take it but i mentioned that I wanted a CLI on my new Chase Freedom since its only $500.

She said she was going to try to get it raised without a hard inquiry....is this even possible? Has anyone heard of this?

For what its worth, she was going to call someone but it was after hours...so prob hear back monday?

Re: Chase Freedom CLI - Soft Inquiry

Viper786 — Sun, 11 Mar 2012 04:32:24 GMT

I just did some research on this a few hours ago and it seems for Chase Freedrom, CLI requests are hard inqs.

Re: Chase Freedom CLI - Soft Inquiry

shane82388 — Sun, 11 Mar 2012 04:36:54 GMT

@Viper786 wrote:
I just did some research on this a few hours ago and it seems for Chase Freedrom, CLI requests are hard inqs.

Exactly...but she seemed to think she could possibly get it done without a hard inquiry...

Was she just clueless or is it possible?

Re: Chase Freedom CLI - Soft Inquiry

Viper786 — Sun, 11 Mar 2012 04:38:45 GMT

A few days ago, a friend of mine called Macy's to try to get an account re-instated that he closed less than a week ago. They told him it would be a soft inquiry, but they ended up doing a hard inquiry. So I personally don't believe the reps on the phone. I'm sure they're not purposely trying to deceive you, they may just be mistaken.

Re: Chase Freedom CLI - Soft Inquiry

Anonymous — Sun, 11 Mar 2012 04:40:26 GMT

It seems like it should be possible, but I hope you are prepared for a hard pull.

Re: Chase Freedom CLI - Soft Inquiry

mmduluth — Sun, 11 Mar 2012 04:41:47 GMT

Its definitley possible. Other companies do it all the time. Is it likely? No.

Re: Chase Freedom CLI - Soft Inquiry

shane82388 — Sun, 11 Mar 2012 04:42:06 GMT

@Anonymous wrote:
It seems like it should be possible, but I hope you are prepared for a hard pull.

Absolutely not. I told her and had her repeat to me many times only if its a soft inquiry. We talked about myfico.com etc so she seemed like she had half a clue...but i just dont know since everyone says u have to have a hard pull for Chase.

Re: Chase Freedom CLI - Soft Inquiry

Anonymous — Sun, 11 Mar 2012 04:50:59 GMT

Hard pull is standard, but it does sound like you might get away with a soft. But, I still wouldn't be surprised....

Re: Chase Freedom CLI - Soft Inquiry

trumpet-205 — Sun, 11 Mar 2012 05:55:05 GMT

@shane82388 wrote:
@Anonymous wrote:
It seems like it should be possible, but I hope you are prepared for a hard pull.
Absolutely not. I told her and had her repeat to me many times only if its a soft inquiry. We talked about myfico.com etc so she seemed like she had half a clue...but i just dont know since everyone says u have to have a hard pull for Chase.

In any case, chance of Chase doing a soft pull is pretty slim.

Re: Chase Freedom CLI - Soft Inquiry

SwiftTone — Sun, 11 Mar 2012 06:44:49 GMT

I requested and received a CLI for my Chase Slate last weekend. I asked her if it was a soft pull and she said yes. Now I'm not too sure

Re: Chase Freedom CLI - Soft Inquiry

shane82388 — Sun, 11 Mar 2012 06:58:45 GMT

@SwiftTone wrote:
I requested and received a CLI for my Chase Slate last weekend. I asked her if it was a soft pull and she said yes. Now I'm not too sure

Sorry. lol

Really hope its not. People should be able to get these taken off if they were told they were softs....Its really a bigger deal than the CSR's act. It has a huge bearing on your finacial sitution, and thus the future of your life, which should not be treated like some insignificant thing.

Re: Chase Freedom CLI - Soft Inquiry

LS2982 — Sun, 11 Mar 2012 10:41:26 GMT

@shane82388 wrote:
The lady who opened my Chase business checking and savings yesterday said i was pre-approved for Chase INK. I didnt take it but i mentioned that I wanted a CLI on my new Chase Freedom since its only $500.

She said she was going to try to get it raised without a hard inquiry....is this even possible? Has anyone heard of this?

For what its worth, she was going to call someone but it was after hours...so prob hear back monday?

I would check your EX file immediately and if there is no HP put a security freeze on your file. I don't think the CSR knows what she's talking about.

Re: Chase Freedom CLI - Soft Inquiry

ShiningDown — Sun, 11 Mar 2012 10:46:59 GMT

I got a 1,000 increase in August 2011 from 5,000 to 6,000 and I pretty much begged her not to do a hard pull and they didn't.

Re: Chase Freedom CLI - Soft Inquiry

LS2982 — Sun, 11 Mar 2012 10:52:18 GMT

@ShiningDown wrote:
I got a 1,000 increase in August 2011 from 5,000 to 6,000 and I pretty much begged her not to do a hard pull and they didn't.

Sweet!!! SP CLI's are where it's at!!!

Re: Chase Freedom CLI - Soft Inquiry

trumpet-205 — Sun, 11 Mar 2012 16:38:59 GMT

@LS2982 wrote:
@shane82388 wrote:
The lady who opened my Chase business checking and savings yesterday said i was pre-approved for Chase INK. I didnt take it but i mentioned that I wanted a CLI on my new Chase Freedom since its only $500.

She said she was going to try to get it raised without a hard inquiry....is this even possible? Has anyone heard of this?

For what its worth, she was going to call someone but it was after hours...so prob hear back monday?
I would check your EX file immediately and if there is no HP put a security freeze on your file. I don't think the CSR knows what she's talking about.

Security freeze cannot stop Chase, as OP has existing relationship with Chase. Security freeze only works against lender that you have no relationship with.

Re: Chase Freedom CLI - Soft Inquiry

Anonymous — Sun, 11 Mar 2012 16:40:46 GMT

Does anyone else have anecdotal evidence of soft CLIs?

Re: Chase Freedom CLI - Soft Inquiry

LS2982 — Sun, 11 Mar 2012 19:05:26 GMT

@trumpet A security freeze stops HP's currently with a creditor or not. Ive had mutiple creditors tell me they cant HP because my reports are frozen.

Re: Chase Freedom CLI - Soft Inquiry

SwiftTone — Sun, 11 Mar 2012 19:21:34 GMT

@shane82388 wrote:
@SwiftTone wrote:
I requested and received a CLI for my Chase Slate last weekend. I asked her if it was a soft pull and she said yes. Now I'm not too sure

Sorry. lol

Really hope its not. People should be able to get these taken off if they were told they were softs....Its really a bigger deal than the CSR's act. It has a huge bearing on your finacial sitution, and thus the future of your life, which should not be treated like some insignificant thing.

Is there a way of calling and finding out if it was a SP or a HP? I don't want to have to pull a report just to find out what it was.

It was a increase from $300 to $500. I'd be pissed if it was a HP. $200 is not worht a HP. GRRRR

The truth is, I am planning on applying for a Chase Freedom in the next few months, and a Discover more 6 months after that. If they already did a HP, what are the chances of them just using the HP(if it is a HP) to apply for a Freedom card.

edit: I just send Chase a secured message asking them if it was a SP or a HP. We'll see what comes back.

Re: Chase Freedom CLI - Soft Inquiry

trumpet-205 — Sun, 11 Mar 2012 19:29:52 GMT

@LS2982 wrote:
@trumpet A security freeze stops HP's currently with a creditor or not. Ive had mutiple creditors tell me they cant HP because my reports are frozen.

From Experian:

A security freeze generally does not apply to circumstances in which you have an existing account relationship and a copy of your report is requested by your existing creditor or its agents or affiliates for certain types of account review, collection, fraud control or similar activities.

In addition, you need to pay fee (both placing and lifting) for security freeze.

Re: Chase Freedom CLI - Soft Inquiry

LS2982 — Sun, 11 Mar 2012 23:19:31 GMT

@trumpet-205 wrote:
@LS2982 wrote:
@trumpet A security freeze stops HP's currently with a creditor or not. Ive had mutiple creditors tell me they cant HP because my reports are frozen.
From Experian:
A security freeze generally does not apply to circumstances in which you have an existing account relationship and a copy of your report is requested by your existing creditor or its agents or affiliates for certain types of account review, collection, fraud control or similar activities.

In addition, you need to pay fee (both placing and lifting) for security freeze.

I understand what your saying, but I've been in situations this year and last year where the creditor wanted to do a HP for a CLI and couldn't so they flat out denied the CLI. This may be true for EX but EQ and TU have been proven (at least from ym standpoint) to be HP blocked for CLI's.