topic Re: Applied For Chase Freedom in Credit Cards

Applied For Chase Freedom

Anonymous — Thu, 16 Aug 2012 19:09:44 GMT

I just applied for a Chase Freedom and got a "decision pending" message. Should I call them now or wait a day?

Re: Applied For Chase Freedom

Jlu — Thu, 16 Aug 2012 19:11:07 GMT

Wait a day then (888) 270-2127.

What is your credit profile?

Re: Applied For Chase Freedom

Mike360 — Thu, 16 Aug 2012 19:12:37 GMT

Good luck!!! I love my Chase Freedom

Re: Applied For Chase Freedom

Anonymous — Thu, 16 Aug 2012 19:18:51 GMT

My score is around 700 on Equifax. I have no idea about the other two. I don't have any baddies but I have high util. I've kept my payments on time for atleast the past 9 years.

Re: Applied For Chase Freedom

CreditPacMan — Thu, 16 Aug 2012 19:23:34 GMT

You could call them right now. That's what I did when I applied for the Chase Amazon card.

The credit specialist gave me a decision over the phone.

Re: Applied For Chase Freedom

CreditChampion — Thu, 16 Aug 2012 19:24:12 GMT

Call the backdoor now! Be ready to explain things on your credit report.

Re: Applied For Chase Freedom

hardworker77 — Thu, 16 Aug 2012 19:28:28 GMT

Good Luck!!! I love my Chase Freedom card.

Re: Applied For Chase Freedom

youngandcreditwrthy — Thu, 16 Aug 2012 19:32:31 GMT

Call them! Have goals in mind before you call! Try the bdoor num!

Re: Applied For Chase Freedom

Anonymous — Thu, 16 Aug 2012 19:34:07 GMT

Can you tell me what you mean by goals?

Re: Applied For Chase Freedom

Jlu — Thu, 16 Aug 2012 20:14:26 GMT

Goals i.e.:

I'm building my credit to get a mortgage.

I would like get the CSP one day.

I like your rewards program.

I'm looking to take out a car loan next year.

etc etc.

Re: Applied For Chase Freedom

LS2982 — Thu, 16 Aug 2012 20:17:56 GMT

I would call now, good luck!!

Re: Applied For Chase Freedom

Anonymous — Thu, 16 Aug 2012 20:52:50 GMT

I called Chase and they denied due to high balances.

Re: Applied For Chase Freedom

rtw — Thu, 16 Aug 2012 20:57:31 GMT

Sorry helovesyou. Same thing happened to me last month. I called to recon and they were concerned with two cards that I had high balances. When I got their letter it said "Balances on accounts are too high compared to credit limits" and "The outstanding debt on your creditaccounts is too high" those were the only reasons listed. I think once we get our balances down we should be in!

Re: Applied For Chase Freedom

Anonymous — Thu, 16 Aug 2012 21:06:27 GMT

Yeah they told me a couple of my cards had high balances. Looks like we are in the same boat. I'll pay them down and then reapply.

Re: Applied For Chase Freedom

youngandcreditwrthy — Thu, 16 Aug 2012 21:07:22 GMT

That second reason was my initial sole reason of denial. I'd call again. I also have overall util. of more like 10-15%. explain your high balances. I have several cards with like $4-5k limits, but 0 bal. If your overall util is less than 30%, I'd point that out

Re: Applied For Chase Freedom

rtw — Thu, 16 Aug 2012 21:12:15 GMT

I agree with youngandcreditworthy. When I recon'ed I focused so much on the two cards with high balances and didn't point out my overall utilization which was about 28% at the time and the 5 cards that had $0 balances. My mistake. It was only my second attempt at recon ever and the first was a pretty easy one with Barclays.

Re: Applied For Chase Freedom

youngandcreditwrthy — Thu, 16 Aug 2012 21:13:17 GMT

They'll know if you already called too, so don't feel dumb if the analyst points that out lOl

Re: Applied For Chase Freedom

kimmiller112 — Thu, 16 Aug 2012 21:20:35 GMT

Definitely call the back door number as soon as possible. When I call to recon (I've done it with three cards this year), I've done so about an hour after apping and I tell them my name, that I just applied for their card and that I got a message saying my application is pending. Then I ask the rep if there is any additional information they need from me to to help them make their decision. At that point, they usually say something about looking over my credit report then ask questions about a couple of items (usually why did I have to file bankruptcy back in 2005 (bunch of medical bills and no health insurance at the time). I don't have any lates and I don't have any COs. Then I mention that I have worked very card on my credit since then and I usually get a comment that they agree with me. Sometimes they ask me to verify how long I have been at my job or residence or what my income is. Sometimes, they ask why I want the card. With Freedom, when I reconned, I told them I really liked their cash back feature, especially the 5% categories. It was the same answer with my Discover More card. With my Barclays US Air card, I told them I travel a lot (3-5 sometimes more trips a year) and always use US Air as they are the only carrier that flys out of my very small local airport.

The only card I have not been successful at reconning is AMEX - I think I am going to have to hold off on that one until the bankruptcy comes off my reports. My income is fine, my investments are fine, my utilization on all my current cards are 0-5%, I PIF early every month and my credit score is over 700 even with the bankruptcy but it always comes down to that all three times I've applied, even with Zync. I called the executive office three times with each decline and can't get anyone to budge.

Re: Applied For Chase Freedom

youngandcreditwrthy — Thu, 16 Aug 2012 21:20:47 GMT

Yeah! That actually helped me out A LOT to get my $5k Freedom Visa Siggy!

Re: Applied For Chase Freedom

Pworld — Thu, 16 Aug 2012 21:41:19 GMT

I just applied today. Called after i got the message and recon'd. They checked EX and brought up 3 CA that they said were open. I told them they were paid, and one is in dispute. And that i also had a chase account and 4 year CC (my longest open one) with them. they then put me on hold and checked my EQ since i mentioned they are paid off on that one. Which is also my higher score. Came back and said he filled out a review and put for it to be approved and to call back in 48 to make sure it processed.

Moral of the story is, like everybody suggested, recon. It helps.