topic Re: Chase Freedom (Student Status) in Credit Cards

Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 17:47:19 GMT

Recently applied for Chase Freedom using CK app portal. Approval odds displayed FAIR previously applied for Discover It Card for Students approved with toy $500 limit 0% APR 6 months low APR after intro 15.00%

Yesterday applied for Chase Freedom got my highest limit yet 1.5K with 0% for 14 months and $100 cash back bonus!!

BUT....

22.99% APR after intro!!!!!!!!!!

WHY????? I called to New Accounts and spoke w/ supervisor said this was strict based on federal regulations that they cannot change offer once the computer decides rate for at least 12 months. I asked about higher credit limit and told me it was possible and placed me on hold told me he could not do it without doing another HP... pondered it he was kind of pushing me to give him the permission to do so but I could not take another hit because I am currently in a recon w/ AMEX for Blue Sky.

In the end he told me he was sending my card Next Day Air UPS. Not bad for an 18 YR old that started with Capital One Journeys

Re: Chase Freedom (Student Status)

09Lexie — Mon, 01 Apr 2013 17:48:19 GMT

Congrats on the approval.

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 17:49:12 GMT

@09Lexie wrote:
Congrats on the approval.

Thanks! Can't wait for the mail! lol

Re: Chase Freedom (Student Status)

09Lexie — Mon, 01 Apr 2013 17:50:23 GMT

I was too lazy to call to ave mine expedited. It took 10 days to get mine.

Re: Chase Freedom (Student Status)

Anonymous — Mon, 01 Apr 2013 17:52:14 GMT

@Rackham94 wrote:
Recently applied for Chase Freedom using CK app portal. Approval odds displayed FAIR previously applied for Discover It Card for Students approved with toy $500 limit 0% APR 6 months low APR after intro 15.00%

Yesterday applied for Chase Freedom got my highest limit yet 1.5K with 0% for 14 months and $100 cash back bonus!!

BUT....

22.99% APR after intro!!!!!!!!!!

WHY????? I called to New Accounts and spoke w/ supervisor said this was strict based on federal regulations that they cannot change offer once the computer decides rate for at least 12 months. I asked about higher credit limit and told me it was possible and placed me on hold told me he could not do it without doing another HP... pondered it he was kind of pushing me to give him the permission to do so but I could not take another hit because I am currently in a recon w/ AMEX for Blue Sky.

In the end he told me he was sending my card Next Day Air UPS. Not bad for an 18 YR old that started with Capital One Journeys

grats on the approval!

just don't owe any money on the card. 23% APR is daylight robbery :/

Isn't the discover supposed to be 14 months 0% APR as well?

Grats on both approvals!

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 18:19:52 GMT

@Anonymous wrote:
@Rackham94 wrote:
Recently applied for Chase Freedom using CK app portal. Approval odds displayed FAIR previously applied for Discover It Card for Students approved with toy $500 limit 0% APR 6 months low APR after intro 15.00%

Yesterday applied for Chase Freedom got my highest limit yet 1.5K with 0% for 14 months and $100 cash back bonus!!

BUT....

22.99% APR after intro!!!!!!!!!!

WHY????? I called to New Accounts and spoke w/ supervisor said this was strict based on federal regulations that they cannot change offer once the computer decides rate for at least 12 months. I asked about higher credit limit and told me it was possible and placed me on hold told me he could not do it without doing another HP... pondered it he was kind of pushing me to give him the permission to do so but I could not take another hit because I am currently in a recon w/ AMEX for Blue Sky.

In the end he told me he was sending my card Next Day Air UPS. Not bad for an 18 YR old that started with Capital One Journeys
grats on the approval!
just don't owe any money on the card. 23% APR is daylight robbery :/

Isn't the discover supposed to be 14 months 0% APR as well?

Grats on both approvals!

: / I didn't know there was a difference between Discover It and Discover It Students until after I applied... I called for PC change or to match terms to Discover It regular but they would not budge after several attempts. Do you think it would have been higher limit if I applied for Discover It regular?

Re: Chase Freedom (Student Status)

09Lexie — Mon, 01 Apr 2013 18:22:14 GMT

Maybe but then again you may not have been approved at all.

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 18:28:00 GMT

@09Lexie wrote:
Maybe but then again you may not have been approved at all.

Probably right! lol

Re: Chase Freedom (Student Status)

Anonymous — Mon, 01 Apr 2013 18:58:00 GMT

don't worry. it's all good. an approval is an approval!

its a bad idea to owe debt on a CC anyways and it's better to start cultivating that habit

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 20:07:00 GMT

@Anonymous wrote:
don't worry. it's all good. an approval is an approval!
its a bad idea to owe debt on a CC anyways and it's better to start cultivating that habit

Been blessed so far to have the ability to PIF every month. I want to eventually get in mid 700s I know if I get approved for AMEX I will never app until 2020 haha. Do you think Chase would of increased my CL if I let the supervisor do the HP?

Re: Chase Freedom (Student Status)

09Lexie — Mon, 01 Apr 2013 20:08:51 GMT

What are your other limits like?

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 20:14:09 GMT

Capital One = 750 (started at 300)

GE/American Eagle=1500 (recently increased)

Discover=500 (lowest APR)

Student Loan for 6k @ 3.2APR deferred until 2017

Re: Chase Freedom (Student Status)

09Lexie — Mon, 01 Apr 2013 20:16:08 GMT

They may match your Cap 1. Is it worth a Hp?

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 20:18:06 GMT

Chase approved me for 1500 I asked for 3500 and he said he would manually review it because normally the system would auto decline since account has not been up for 6 months at least and he would manual review it he said. I was really just trying to get something done due to high APR after the intro 0.00%.

Re: Chase Freedom (Student Status)

09Lexie — Mon, 01 Apr 2013 20:19:20 GMT

Congrats on the CLI

Re: Chase Freedom (Student Status)

Anonymous — Mon, 01 Apr 2013 20:51:43 GMT

@Rackham94 wrote:
Chase approved me for 1500 I asked for 3500 and he said he would manually review it because normally the system would auto decline since account has not been up for 6 months at least and he would manual review it he said. I was really just trying to get something done due to high APR after the intro 0.00%.

by manual review, he might be doing a HP.

While he's doing a HP, might as well tell him to manually review your APR rate and try have it lowered by all using the same pull.

Re: Chase Freedom (Student Status)

Rackham94 — Mon, 01 Apr 2013 21:22:21 GMT

@Anonymous wrote:
@Rackham94 wrote:
Chase approved me for 1500 I asked for 3500 and he said he would manually review it because normally the system would auto decline since account has not been up for 6 months at least and he would manual review it he said. I was really just trying to get something done due to high APR after the intro 0.00%.
by manual review, he might be doing a HP.
While he's doing a HP, might as well tell him to manually review your APR rate and try have it lowered by all using the same pull.

That is what I figured.. but he insisted he would only be able to re-review for the credit limit. B.S perhaps.