topic Re: APPROVED! Chase Chase Chase in Credit Cards

APPROVED! Chase Chase Chase (and now AMEX)

Anonymous — Mon, 28 May 2012 04:05:15 GMT

I have been lurking here for about 6 months now, I have just been picking up tidbits of knowledge here and there but havent reallly put any of it to use yet. Last night the app bug bit me and I decided to apply for the Chase Saphire AND Chase Slate AND apply for a CLI on my Chase Freedom.

Honestly I am not quite sure what got into me but all I have right now is a Chase Freedom with a $2000 limit. I am 23 years old and although I haven't pulled an offical FICO score yet CK has me at about 712 TU score. I already had 6 hard inquiries and I am not applying for a loan any time soon so I decided to pull the trigger on the chase cards and see what I could get.

Long story short I got instantly approved for Saphire with a 5k limit and approved for a $500 CLI on my Freedom but the slate gave me a "7-10 Business day notice". I called today and found out it was declined because of too many credit requests within such a short period of time. This made sense to me, but thanks to you guys I decided to try a recon. Unfortunately, the CSR was still unable to approve me for the Slate card. Props to you guys again, I asked to speak with a supervisor. After a few minutes the supervisor came back with an approval and $4k limit.

WOOHOOO!!!!!!!! I am so pumped! Anyways, I am so excited I decided to quit lurking and join the board. Thank you guys and gals

Re: APPROVED! Chase Chase Chase

Anonymous — Thu, 03 May 2012 23:51:46 GMT

By the way, you could reconsider the CLI on the Freedom. You just call the backdoor number and ask them for a higher limit.

Re: APPROVED! Chase Chase Chase

boomhower — Fri, 04 May 2012 00:21:00 GMT

@Anonymous wrote:
By the way, you could reconsider the CLI on the Freedom. You just call the backdoor number and ask them for a higher limit.

Agreed. $500 is just an offer, try for more. I was offered $500 and ended up with $4k.

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 00:55:08 GMT

I asked for them to match the 5k I was getting on the Saphire and they refused, I did not however speak to a supervisor on that one. I dont know If I want to push it though, they gave me $9500 within a span of 24 hrs.

Re: APPROVED! Chase Chase Chase

Creditaddict — Fri, 04 May 2012 01:45:27 GMT

Why would you get 3 credit cards with the same bank if that's ALL the credit you have?

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 01:48:35 GMT

That is very impressive. I'm surprised Chase was willing to extend so much credit like that.

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 02:29:21 GMT

I am not interested in any other cards beside perhaps the AMEX Blue. Why would you consider it to be a poor descision to have three cards with the same bank? They all serve different purposes.

Re: APPROVED! Chase Chase Chase

Creditaddict — Fri, 04 May 2012 02:45:36 GMT

@Anonymous wrote:
I am not interested in any other cards beside perhaps the AMEX Blue. Why would you consider it to be a poor descision to have three cards with the same bank? They all serve different purposes.

Mostly because banks become a little Bi-Polar sometimes and CLD or Close out accounts. I say good for you for getting all the CLI and new accounts opened but would not be as concerned if you were adding them to a portfolio of a couple other banks.

In addition not sure if it happens/happened to anyone else but I have gone through Recons with Chase before and had the underwriter approve to only then get a 2nd decline... I guess depending how far up the food chain you are talking to gets decisions reviewed by a 2nd person.

Bank of America had been doing this quite a bit for a while too.

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 02:50:27 GMT

@Creditaddict wrote:
@Anonymous wrote:
I am not interested in any other cards beside perhaps the AMEX Blue. Why would you consider it to be a poor descision to have three cards with the same bank? They all serve different purposes.
Mostly because banks become a little Bi-Polar sometimes and CLD or Close out accounts. I say good for you for getting all the CLI and new accounts opened but would not be as concerned if you were adding them to a portfolio of a couple other banks.
In addition not sure if it happens/happened to anyone else but I have gone through Recons with Chase before and had the underwriter approve to only then get a 2nd decline... I guess depending how far up the food chain you are talking to gets decisions reviewed by a 2nd person.
Bank of America had been doing this quite a bit for a while too.

I see what you're saying. I guess I will cross that bridge when/if I get to it. Thanks for the input.

Re: APPROVED! Chase Chase Chase

ajh5408 — Fri, 04 May 2012 15:29:46 GMT

@Anonymous wrote:
@Creditaddict wrote:
@Anonymous wrote:
I am not interested in any other cards beside perhaps the AMEX Blue. Why would you consider it to be a poor descision to have three cards with the same bank? They all serve different purposes.
Mostly because banks become a little Bi-Polar sometimes and CLD or Close out accounts. I say good for you for getting all the CLI and new accounts opened but would not be as concerned if you were adding them to a portfolio of a couple other banks.
In addition not sure if it happens/happened to anyone else but I have gone through Recons with Chase before and had the underwriter approve to only then get a 2nd decline... I guess depending how far up the food chain you are talking to gets decisions reviewed by a 2nd person.
Bank of America had been doing this quite a bit for a while too.
I see what you're saying. I guess I will cross that bridge when/if I get to it. Thanks for the input.

It's good advice, IMHO, and that's coming from someone who also has quite a few products in the Chase stable. That said, considering Chase has some of the highest lending standards out there, you should be able to translate your success into an AMEX revolver without too much trouble... Once all these inquiries wear off, anyway...

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 15:33:18 GMT

If you live in a state where you can open a Chase checking account, I'd say... do so. You're missing out on a lot of points with a Checking/Freedom/Sapphire combo.

But I also agree with the other posters, you need a bit of diversity in your portfolio.

You never know when you might be on a trip somewhere and the Chase network completely goes down and then you need another card. (Extreme example, but stuff like this can happen - like CLD's out of the blue).

Congrats on the cards though.

And I'm glad they declined you for the Slate, to be honest, you can do better than that card with someone else.

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 15:57:20 GMT

@Anonymous wrote:
If you live in a state where you can open a Chase checking account, I'd say... do so. You're missing out on a lot of points with a Checking/Freedom/Sapphire combo.

But I also agree with the other posters, you need a bit of diversity in your portfolio.
You never know when you might be on a trip somewhere and the Chase network completely goes down and then you need another card. (Extreme example, but stuff like this can happen - like CLD's out of the blue).

Congrats on the cards though.
And I'm glad they declined you for the Slate, to be honest, you can do better than that card with someone else.

I actually ended up getting approved for the slate...I am using it to transfer a balance from a BOA card I never use anymore. As far as having other cards in the portfolio I tried for the Discover More (4 HI within 24hrs) and got approved for $1000. I am dissapointed with the limit but the only reason I aplied was for the diversity and increased utilization. I think I am done applying for a while

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 16:27:50 GMT

Congrats! +1 for a little diversification. I only have Citi and Chase general purpose cards right now, but will get an AmEx near year-end, just in case.

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 16:35:08 GMT

If you dont mind answering what was tour AAOA, before all the apps ? I am looking to getr the sapphire soon

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 16:42:35 GMT

@Anonymous wrote:
If you dont mind answering what was tour AAOA, before all the apps ? I am looking to getr the sapphire soon

CK score is 712 but I think that was a bit high, AAOA is 1 yr 10 months. I do all my banking through Chase so I don't know if that played a part in the descision or not.

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 16:51:29 GMT

Congrats on the successful applications! Great cards all three!

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 17:31:10 GMT

@Anonymous wrote:
Congrats on the successful applications! Great cards all three!

Thanks! You guys think it would do me any good to recon the Discover? $1k limit seems like a joke, is this card hard to get a high limit on?

Re: APPROVED! Chase Chase Chase

Anonymous — Fri, 04 May 2012 17:33:41 GMT

It's worth a try, but do it now while the INQ is still hot.

Just don't be too disappointed if they don't up it. They tend to be quite conservative, so make sure you have a handy explanation as to the "WHY" you want this CL lifted.

Their CS tends to be stellar though, so good luck.

Re: APPROVED! Chase Chase Chase

Anonymous — Sat, 05 May 2012 06:05:34 GMT

Which credit company did they run?

Re: APPROVED! Chase Chase Chase

LS2982 — Sat, 05 May 2012 13:25:27 GMT

CONGRATS on your CSP approval!!!