topic Re: Chase new Pre-Approval site.... APPROVED! - RECON? in Credit Cards

Chase new Pre-Approval site.... APPROVED! - RECON?

Creditaddict — Sun, 09 Dec 2012 05:04:26 GMT

Other Thread already started for the new Chase "Offer" Page and don't think anyone actually applied after getting offer...

Partner went through with it and got instant approval with no limit listed.

Just called Automated APP Status Line and it's approved for $9k. I was thinking $15-$20k!!... How are they about Recon. on the approval? Will they use report pulled already?

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

CreditWorld2013 — Sun, 09 Dec 2012 05:40:57 GMT

@Creditaddict wrote:
Other Thread already started for the new Chase "Offer" Page and don't think anyone actually applied after getting offer...
Partner went through with it and got instant approval with no limit listed.
Just called Automated APP Status Line and it's approved for $9k. I was thinking $15-$20k!!... How are they about Recon. on the approval? Will they use report pulled already?

It depends on what his other limits are. If they majority are higher...they may match it (They may or may not do a 2nd pull). If they are around the same...they will request a 2nd pull. I tried a recon yesterday about my limit on my Freedom and no go without a 2nd pull. The comical part is that they wanted a 2nd pull on the same day they pulled my 1st for approval...so not much could have changed It doesn't hurt to try but if they request a 2nd pull I probably wouldn't go for it. I honestly think Chase has a strange computer algorithm when handing out limits and approvals.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Creditaddict — Sun, 09 Dec 2012 05:47:37 GMT

@CC365 wrote:
@Creditaddict wrote:
Other Thread already started for the new Chase "Offer" Page and don't think anyone actually applied after getting offer...
Partner went through with it and got instant approval with no limit listed.
Just called Automated APP Status Line and it's approved for $9k. I was thinking $15-$20k!!... How are they about Recon. on the approval? Will they use report pulled already?
It depends on what his other limits are. If they majority are higher...they may match it (They may or may not do a 2nd pull). If they are around the same...they will request a 2nd pull. I tried a recon yesterday about my limit on my Freedom and no go without a 2nd pull. The comical part is that they wanted a 2nd pull on the same day they pulled my 1st for approval...so not much could have changed It doesn't hurt to try but if they request a 2nd pull I probably wouldn't go for it. I honestly think Chase has a strange computer algorithm when handing out limits and approvals.

That smells of walk away and foret it all over it!!

One of the reasons I do not like Chase but this has the 0% for 15 months but the part that is most important is it has $0/0% BT Fee within first 60 months!

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Involus — Sun, 09 Dec 2012 05:49:39 GMT

I would say 9k is a pretty good instant approval - wait 6 mos and ask for a CLI (it's a HP though) depending on your HHI and Util% and other TLs limits.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Anonymous — Sun, 09 Dec 2012 05:55:30 GMT

When I applied for my CSP, they approved me for $5K. I think I had already put about $3K on the card. I called them up and asked for an increase to $10K. He was reluctant and stated that I didn't have a card with that high a limit. I told him I was just approved for Sam's Discover that hasn't yet been updated. He put me on hold for a minute and gave me $10K. No additional pull.

$9K is a good starting limit. I agree.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

CreditWorld2013 — Sun, 09 Dec 2012 05:59:56 GMT

@Anonymous wrote:
When I applied for my CSP, they approved me for $5K. I think I had already put about $3K on the card. I called them up and asked for an increase to $10K. He was reluctant and stated that I didn't have a card with that high a limit. I told him I was just approved for Sam's Discover that hasn't yet been updated. He put me on hold for a minute and gave me $10K. No additional pull.

$9K is a good starting limit. I agree.

Do you remember who you spoke with I would love to have a good analyst come on the phone! All I get is the script reader who repeated the same thing. I even told them I have the competing bank's statement showing the new limit but they said "we are sorry...we can't accept statements...only a hard pull from a credit agency" If 1 card has a high limit reporting and you state your other 2 will update to reflect the new limits they should just match the 1 you have reporting. Instead...they picked the low one currently reporting!

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

RyVision — Sun, 09 Dec 2012 06:01:45 GMT

Just so you know, Chase is a known Hard Puller, some might get by with a SP on very rare occasion. With a 9k instant CL though (like others have said, that's very good with Chase), if asked before hand, they will tell you if it will take another HP, even the same day. I somewhat think they like to HP simply to show inquiries on a report for other creditors to see, and that they were by Chase.

If I remember right, the partner you mention who applied for the card, has very good stats, so that would explain the instant 9k CL. Don't know if I'd push the subject though if it wasn't needed. BTW, what card was it (sorry if I missed that detail somehow).

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

SwiftTone — Sun, 09 Dec 2012 06:13:04 GMT

Sounds like a Slate

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Anonymous — Sun, 09 Dec 2012 06:47:06 GMT

@CC365 wrote:
@Anonymous wrote:
When I applied for my CSP, they approved me for $5K. I think I had already put about $3K on the card. I called them up and asked for an increase to $10K. He was reluctant and stated that I didn't have a card with that high a limit. I told him I was just approved for Sam's Discover that hasn't yet been updated. He put me on hold for a minute and gave me $10K. No additional pull.

$9K is a good starting limit. I agree.
Do you remember who you spoke with I would love to have a good analyst come on the phone! All I get is the script reader who repeated the same thing. I even told them I have the competing bank's statement showing the new limit but they said "we are sorry...we can't accept statements...only a hard pull from a credit agency" If 1 card has a high limit reporting and you state your other 2 will update to reflect the new limits they should just match the 1 you have reporting. Instead...they picked the low one currently reporting!

Sorry. I don't. I definitely got lucky since almost a month went by and I had already put $3K when I called. I figured I didn't have anything to loose and it was still within a month of the approval.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Anonymous — Sun, 09 Dec 2012 07:43:03 GMT

I applied on thanksgiving day for the freedom and was given a 1500 cl. I was kinda hoping for a 3k cl being I have other accounts with higher limits. Well I called the following monday to a backdoor number and was told a 2nd pull would be needed cause it had been longer than 2 days and had I called sooner they couldve used the same pull.

So I called another backdoor number and the guy looked over my report and said he didnt like the fact that a 300cl secured card from BOFA was reporting so use the card for 6 mos then request an increase.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

tray — Sun, 09 Dec 2012 16:21:00 GMT

Congrats to your partner Creditaddict, nice limit but I am just wondering how much total credit someone can get from Chase like with Amex it is said 35,000 is probable the max unless you want to start showing documentation?

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Creditaddict — Sun, 09 Dec 2012 17:05:45 GMT

@tray wrote:
Congrats to your partner Creditaddict, nice limit but I am just wondering how much total credit someone can get from Chase like with Amex it is said 35,000 is probable the max unless you want to start showing documentation?

I have not heard of limit... I feel like I have seen many people with close to that though so maybe... especially with all the talk of CSP/Freedom, etc.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

Anonymous — Sun, 09 Dec 2012 18:17:46 GMT

Tray, I'm not sure about that 35k limit; I'm currently at 51.5k.

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

FinStar — Mon, 10 Dec 2012 09:23:07 GMT

@Anonymous wrote:
Tray, I'm not sure about that 35k limit; I'm currently at 51.5k.

I would agree with this. There are individuals who have upward of 200K+ (some of these high-end credit products are only available through ABL or their Private Client Services/Private Bank division). Typically, any unsecured exposure that exceeds $25K (or above) may require financials before approval if no current relationship with Chase exists.

In general, individuals should be satisified with any credit line assigned when approved, especially for the OP's partner -- 9K is a pretty decent starting line. While everyone's situation is different when it comes to purchasing power, no lender is required to match anyone's ego... ahem... credit standing, just because other lenders may have granted a higher line of credit. It is all about unsecured credit and the lender's exposure criteria; and as a general rule, if you already have sufficient open/unused exposure, then what is the real "need"?

Re: Chase new Pre-Approval site.... APPROVED! - RECON?

swpopham — Mon, 10 Dec 2012 20:47:53 GMT

Because I want more!!!!