topic Re: Chase app in Credit Cards

Chase app

skoop — Mon, 23 Apr 2012 21:49:45 GMT

Hello, I have been reading all day and don't find the answer to my question so.... I applied this morning for a pre-approved offer from Chase for a Freedom Card. I got the infamous " you will be notified by mail within two weeks." Does that automaticlally mean I am declined? How early is too early to call the back number? I did call the original number on the app a few minutes ago and got a message saying "in two weeks." Does anyone know what that means?

I am wanting to pay off my Capital One Cards. I have no derogatory info on my CR, that I can see. I have a low 700 score with Experian, and the other two are higher. I do have a couple of inquires due to mortgage loan inquiries.

Can anyone tell me anything? What is your experience?

Re: Chase app

SwiftTone — Mon, 23 Apr 2012 21:52:17 GMT

Two weeks message does not mean it's declined. If its declined right away, it would have told you. I've had the credit analysts tell me that most apps go under manual review.

you can call right away to the backdoor number after you submit the app. good luck!!

Re: Chase app

Anonymous — Mon, 23 Apr 2012 21:57:14 GMT

Those messages do not automatically mean you are declined. I'd just call again tomorrow for a status update.

Re: Chase app

skoop — Mon, 23 Apr 2012 21:57:23 GMT

Thanks, I am always scared of declines, due to past history. it has taken me many years to climb out of the pitt. I don't want to do anything to jeopadize things, ya know??

I will see how long I can control the urge to call. Maybe tomorrow? If I can wait that long.1

Re: Chase app

Anonymous — Mon, 23 Apr 2012 22:01:35 GMT

Myself and my mother have had many chase cards. Neither of us have ever got a instant approval.

Re: Chase app

Anonymous — Mon, 23 Apr 2012 22:05:09 GMT

I don't see why you can't call today.

Re: Chase app

cashnocredit — Mon, 23 Apr 2012 22:15:20 GMT

Perhaps opening a checking account with them speeds things up.

I recently opened a checking account at Chase and was notified I was preapproved for assorted cards and chose the Freedom since it had good rewards and no AF. A few minutes later they printed out the acceptance, CL and siggy agreement. Got the card in the mail a week later.

Re: Chase app

skoop — Mon, 23 Apr 2012 22:30:39 GMT

I guess I could, but fear strikes me dead, or paralyzed, you know. I will see if I can wait, but really want to get it over with.

One thing that gives me hope, is the rather rude lady that took my application responded to me when I said I was going to transfer some balances, she asked me if I was ready to do so, and I said, stupidly, no, I want to find out if I am approved first. So, maybe that means they are going to approve it???

Re: Chase app

cashnocredit — Mon, 23 Apr 2012 22:36:23 GMT

@skoop wrote:
I guess I could, but fear strikes me dead, or paralyzed, you know. I will see if I can wait, but really want to get it over with.

One thing that gives me hope, is the rather rude lady that took my application responded to me when I said I was going to transfer some balances, she asked me if I was ready to do so, and I said, stupidly, no, I want to find out if I am approved first. So, maybe that means they are going to approve it???

Could be. At least it means you are still in the running. Good luck!

Re: Chase app

skoop — Tue, 24 Apr 2012 13:10:27 GMT

So, this morning I call the application number,and the message said, "you will receive notice within 30 days." I think yesterday it said, 2 weeks. I don't like the sounds of this. What should I do now? Call the back door number or just play the waiting game?

Re: Chase app

clocktick — Tue, 24 Apr 2012 13:13:45 GMT

Call the backdoor number!!

I was denied for 3 Chase cards (including the Freedom), I did a recon with all 3 and was approved for all 3 via the backdoor number.

They are nice. Swallow your fear and go for it!

Re: Chase app

Anonymous — Tue, 24 Apr 2012 13:16:23 GMT

I'll repeat:

I don't see why you wouldn't want to call and get it over with.

I'd rather pull out the splinter right away than leave it in there for 30 agonizing days.

Re: Chase app

skoop — Tue, 24 Apr 2012 13:18:42 GMT

I just want to get rid of Capital One balances. I am going to go for it in a few minutes. Another question...I had an offer in the mail from BOA also. Would it be smart to go for that one, since I don't think the inquiry for Chase is on my report, as of yet?

Re: Chase app

clocktick — Tue, 24 Apr 2012 13:20:34 GMT

The inquiry for Chase should be on your report already. I would call and see what happens with that.

After finding out, then decide about future cards and how you want to play out your collection.

They are just humans on the other end of the phone.

Re: Chase app

Anonymous — Tue, 24 Apr 2012 13:21:07 GMT

First thing's first, go call Chase.

If you're approved, I'd try to app for the BoA if I didn't mind taking a hit for the INQ.

If you're denied, see what the reason is before you go for the BoA and see if it isn't something that'd affect you on that app too.

Last thing you'd want is two denials and two wasted INQ's.

Re: Chase app

skoop — Tue, 24 Apr 2012 13:40:37 GMT

Thank you all so very much for the help!!! I am approved! I will receive my card in 10 days to 2 weeks!

Now, another decision. Should I pay off both of my Capital One accounts with the 22 % interest?? I called them last week to see if they would lower the interest. Ah, no, we can't do that!!

And, should I see if I can get the BOA card?

Again, there are strength in numbers. Thanks for all who gave me the courage to face my fears!

Re: Chase app

crunching_numbers — Tue, 24 Apr 2012 13:42:53 GMT

Congrats on your new card!

Re: Chase app

clocktick — Tue, 24 Apr 2012 13:44:48 GMT

Congratulations!!! That's fantastic! It wasn't that bad, was it?

What is your limit?

At 22%, I'd try to get those Cap One balances paid ASAP.

Regarding the BOA card, if I'm not mistaken, I think they pull EX. How does your report look? What card do you want?

Re: Chase app

Anonymous — Tue, 24 Apr 2012 13:47:24 GMT

@skoop wrote:
Now, another decision. Should I pay off both of my Capital One accounts with the 22 % interest?? I called them last week to see if they would lower the interest. Ah, no, we can't do that!!

And, should I see if I can get the BOA card?

Anything that you are paying interest on, pay ASAP. It's like asking if you want to throw money into the ocean... no one wants to do that. Pay it off.

You have the Freedom... if you don't mind the additional INQ (And I am guessing you are not since you seem to be in the middle of the rebuilding phase) then go for it. Are you absolutely sure this is a card you need and want?

Re: Chase app

skoop — Tue, 24 Apr 2012 14:01:16 GMT

My limit is 6,000. My report looks good, I believe! I may just go for it. Maybe put one of the Capital One accounts on the Freedom and one on the BoA?

Then, no more Capital One!!!!