topic Re: How selective - Chase Freedom in Credit Cards

How selective - Chase Freedom

Duncanrr — Thu, 16 Aug 2012 17:55:57 GMT

How hard is it to get chase freedom? No know about whogavemecredit. I'm looking for some additional info from forum guys and gals.

Thanks

Re: How selective - Chase Freedom

learnin113 — Thu, 16 Aug 2012 18:02:04 GMT

The answer will be vary significantly depending on whether you've burned them in the past or not...

Re: How selective - Chase Freedom

Duncanrr — Thu, 16 Aug 2012 18:12:30 GMT

I've never had a chase card or personal account. I have business account under condo association name but that's it. Business account in good standing.

Re: How selective - Chase Freedom

searchingfor67 — Thu, 16 Aug 2012 18:15:34 GMT

They have been very lenient as of late. And while the limit may be low, I've seen some low 600 score approvals....

Re: How selective - Chase Freedom

Duncanrr — Thu, 16 Aug 2012 18:18:24 GMT

They pull EQ right? How inquiry sensitive are they? Would score of 650 be good enough?

Re: How selective - Chase Freedom

youngandcreditwrthy — Thu, 16 Aug 2012 18:24:32 GMT

I recently was denied Chase Freedom with a 649 score on their own scoring system, but I called two diff times for a recon and got a $5k limit! I'd say go for it as long as you have a year or two of history and a few credit cards in good standing. For recon, you can actually ask them to pull any report.

Re: How selective - Chase Freedom

rtw — Thu, 16 Aug 2012 18:26:14 GMT

I got denied last month with a score of 651. They pulled TU for me. I did call to recon and they were concerned with my utilization on my Citibank card and my HSBC(now Captial One). Both were hovering at 80-90% utilization. I think I would have been approved on recon if not for that. Last late payment on a card was exactly 2 years ago and one paid collection showing on TU.

Re: How selective - Chase Freedom

patternofstars7 — Thu, 16 Aug 2012 18:26:38 GMT

I agree that they have been pretty open about accepting lower scores lately. I recieved my score of 655 (not fico) from them when I got my card. I did get the review message and called in and got denied. Did a recon and got approved for a decent limit. Plus I burned them for about 1000 about 5 years ago and they pulled EX. Had 3 recent inquries in a month span.

Re: How selective - Chase Freedom

CreditPacMan — Thu, 16 Aug 2012 18:27:48 GMT

I had a tough experience with them when they approved me for the Freedom. They denied me for several times in recon; they just wanted me to lower my util % and when I did they immediately approved me. The limit was low but it's CHASE ! NOW, I just got approved for another card backed by CHASE.. the Amazon.com card.

I'd say the approvals don't depend on the scores anymore .. they're more about the current and past use of credit .

Re: How selective - Chase Freedom

Jlu — Thu, 16 Aug 2012 18:40:51 GMT

As many know I was approved 8/12/12 for $2k Chase Freedom. Transunion pulled 631. Called (888) 270-2127 day after getting 7-10 day message. Be prepared to explain any baddies/inq.

Re: How selective - Chase Freedom

migliogiorni — Thu, 16 Aug 2012 18:55:12 GMT

app'd last month and was denied with 2 CC's reporting maxed. Waited for those to update finally got uti way down called for recon, 15 min later after a few painless Questions approved. Seems they will work with you if no baddies and low uti, GL.

Re: How selective - Chase Freedom

Duncanrr — Thu, 16 Aug 2012 18:59:50 GMT

How about lates but no other real baddies? My scores are getting in better than average range but still have a couple accounts with lates. UTIL is under 9%

Re: How selective - Chase Freedom

Pworld — Thu, 16 Aug 2012 19:10:50 GMT

I am glad i saw this. I just recently got approved for Amex Charge Cards and now i need a Credit Card to complete my portfolio for now. I have been looking at Chase Freedom vs Discover. I see with Chase the Recon is the way to go.

Funny part is i have one 500 CC and guess who it is with? CHASE!! (old platinum with WAMU then they took over)

And i have 29 percent utilization but i just PIF with guess who?? CHASE

Hope that looks good to them.

Does recon need to happen the majority of the time? and are you guys applying online? will applying over the phone make this process easier?

Re: How selective - Chase Freedom

youngandcreditwrthy — Thu, 16 Aug 2012 20:27:39 GMT

Even with my Travelocity Amex having a balance of $5.5k/$6.5k, on Recon, Chase Freedom appRoved me on recon, but my overall util., was more like 15% or less. I just explained to Chase that I took adv. of 0% w the Amex.

Re: How selective - Chase Freedom

navigatethis12 — Thu, 16 Aug 2012 20:52:50 GMT

@altayar wrote:

I'd say the approvals don't depend on the scores anymore .. they're more about the current and past use of credit .

This is true for Chase. They look more at how you are handling your other accounts instead of basing it off of just a score. I personally think scores should be done away with and every company just look at the report.

Re: How selective - Chase Freedom

Duncanrr — Thu, 16 Aug 2012 21:01:04 GMT

@navigatethis12 wrote:

This is true for Chase. They look more at how you are handling your other accounts instead of basing it off of just a score. I personally think scores should be done away with and every company just look at the report.

I disagree, even with my bad scores. The reason for scores is to treat everyone fairly and base decision off independent factors. While I love companies that allow for recons, the survivability of financial institutions depend on them, in part, to be able to evaluate risks. Scores are necessary but shouldn't be only factor.

Re: How selective - Chase Freedom

Anonymous — Thu, 16 Aug 2012 21:07:36 GMT

@navigatethis12 wrote:
@altayar wrote:

I'd say the approvals don't depend on the scores anymore .. they're more about the current and past use of credit .

This is true for Chase. They look more at how you are handling your other accounts instead of basing it off of just a score. I personally think scores should be done away with and every company just look at the report.

I agree with doing away with scores. It especially hurts those trying to build credit coming out of college (which IMO, is a little late to start to begin with) because those with student loans are stuck with high utilization values which kills your scores. If you can prove that you have no issues paying down your student loans, they should consider that and not a score and allow responsible people to start building their credit portfolio so they can prepare for possibly buying a home in the future.

Re: How selective - Chase Freedom

Wahoo — Thu, 16 Aug 2012 21:10:22 GMT

After you burned them did you settle the account or pay it off? I am trying to figure out if they treat people with old CO's differently depending on whether the account was paid later or never touched. Thanks.

Re: How selective - Chase Freedom

bbb3601 — Thu, 16 Aug 2012 21:17:39 GMT

How hard is a recon with them if you have a reporting bk?

Re: How selective - Chase Freedom

ntx — Thu, 16 Aug 2012 21:35:32 GMT

I was approved for $1K Freedom card on recon on 8/13.

BK in 2005, perfect record since (but a very thin file)