topic Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards in Credit Cards

Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

Anonymous — Wed, 24 Jul 2013 08:32:47 GMT

Background: 23, recent grad with no job, foreigner, credit history of 7 months old, 2 CCs (BoA and Citi) with $1400 CL approved 7 months ago with no hard pulls

I got approved for Chase Freedom with a CL of $500 yesterday. Surprisingly, it was a soft pull and no income verification. I guess I was lucky. My credit score was good though (EX 730 6 months ago with no CCs yet and no loans) and I pay my balances in full.

Since my 2 older CCs are more than 6 months old, I am thinking of asking for a CLI. However, the Chase manager told me to wait for a month as the new application will show in my credit report (that was when we thought it would be a hard pull). I assume it won't affect my score since it is a soft pull now, should I proceed with the CLI or wait for a month or another 6 months? Please advice

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

JonStur — Wed, 24 Jul 2013 10:16:18 GMT

In my opinion since you have three new tradelines and theyre your first, I suggest you use them responsibly and let them age for at least six months.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

OptimalCS — Wed, 24 Jul 2013 10:17:46 GMT

Saw congrats!

Go for it!

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

navigatethis12 — Wed, 24 Jul 2013 12:58:03 GMT

What makes you believe the application resulted in a soft inquiry?

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

kilj0y — Wed, 24 Jul 2013 14:01:48 GMT

You mention Ex, but did you check EQ?

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

Jutz — Wed, 24 Jul 2013 14:06:53 GMT

If you've never been a customer with Chase before, I don't see any way it was a soft pull. In addition, there are two reasons I think you should wait awhile before you ask for CLI. First, I believe both BOA and Citi are hard pulls for CLI. Second, if you're a recent grad with no income verification, it's going to hinder or at least severely limit your ability to get a decent CL. Assuming you've jumped into the job market now, you might as well wait until you have some form of verifiable income, since with your score, your income level is the biggest determiner of CL.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

Jasir — Wed, 24 Jul 2013 14:12:21 GMT

Congrats! Listen to the Chase rep and use the current CL regularly for 6 months. I think if you ask for a CLI now you will be denied (even with a high FICO) because the account is brand spanking new and Chase will want to monitor your habits with them to know you can handle the extra credit responsibly.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

09Lexie — Wed, 24 Jul 2013 17:40:56 GMT

Welcome to the forum! Congratulations on your Chase approval. If you receive the cc without a HP, it would be unique. I believe you as a pre-approval from the SP with a HP to follow. Often, bank employees have no idea what a sp vs Hp is or even what CB they pull.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

Anonymous — Wed, 24 Jul 2013 22:30:55 GMT

Some clarifications.

Been with BoA for 4 years and used to have a secured card with a CL of 2k. Similarly, 4 years with Citibank except Citi Forward is my first card with them. When I checked one of the reports (forget which one), it says zero inquiries but they might show up in other reports though as mentioned by someone above.

I was pre-approved for Chase Freedom and Slate after I signed up for Chase checking 7 months ago. In fact, I was also offered the United MileagePlus mainly because I have close to 100k miles with United but don't think I will get approved. The manager confirmed it was a soft pull and no questions or income were asked or verified during the process. Whole process took only 2 minutes in the bank branch.

I only plan to request for a CLI for my BoA and Citi card since they are 7 months old. Yet, since I don't need those extra CL (except that I need to pay my balance off more often to avoid exceeding the 25% utilization), I will wait till I get a job. I am actually looking forward to my next card, i.e. Amex Blue Cash but I will wait for another 6 months.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

Anonymous — Wed, 24 Jul 2013 23:09:14 GMT

@Anonymous wrote:
Some clarifications.

Been with BoA for 4 years and used to have a secured card with a CL of 2k. Similarly, 4 years with Citibank except Citi Forward is my first card with them. When I checked one of the reports (forget which one), it says zero inquiries but they might show up in other reports though as mentioned by someone above.

I was pre-approved for Chase Freedom and Slate after I signed up for Chase checking 7 months ago. In fact, I was also offered the United MileagePlus mainly because I have close to 100k miles with United but don't think I will get approved. The manager confirmed it was a soft pull and no questions or income were asked or verified during the process. Whole process took only 2 minutes in the bank branch.

I only plan to request for a CLI for my BoA and Citi card since they are 7 months old. Yet, since I don't need those extra CL (except that I need to pay my balance off more often to avoid exceeding the 25% utilization), I will wait till I get a job. I am actually looking forward to my next card, i.e. Amex Blue Cash but I will wait for another 6 months.

in your first post you mentioned you are a foreigner. You probably got the card because of your balances in your checking account.

It's kinda a "shortcut" for people who migrated over. However, there is usually a HP. If there isn't, even better I suppose.

It's best to wait until you land a job, then ask for a CLI. usually income is one of the questions they would ask.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

RickyRay — Sat, 27 Jul 2013 02:30:24 GMT

WOW!!! Some folks are so lucky, seems like it just follows them around, I have been threw hell and back with my credit stuff, felt lucky just to have some store accounts that is not much but a start for me. I have money to in the bank but that did not get me no where!!! I am very thankful for what i do have though. MY AAoA is at best 7 months. Just applied for the chase freedom (Dont expect to get it) My scores are good all above 650 (TU is 705 now), thats just with store cards. I dont have a visa or mastercard at all.

My inqs at TU are 1, EQ and EX are 4, I am not apping no more after this one, I am giving up for along long while. I dont think that I will ever get anything more unless I really pay a deposit or something. So it just dont matter for me, cant do nothing about anyway. I got the 30 notice and when i called the service rep said they had all the info that they needed from EX and EQ (They did not pull TU (My best), They did not even need to verify my identity, so my guesse, im denied! I will recon so maybe that new person can give me some of his luck. I just dont what the secrets are to get these good cards, probably never will. Congrats anyway

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

RickyRay — Sat, 27 Jul 2013 02:33:27 GMT

And I cant spell very good either, Good luck every one.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

myjourney — Sat, 27 Jul 2013 02:38:30 GMT

@RickyRay wrote:
And I cant spell very good either, Good luck every one.

Did you just app?

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

RickyRay — Sat, 27 Jul 2013 03:34:38 GMT

I apped for a checking account, and they begged me to app for the card............I told them that i would wait on that for a while on that, but I would soon, They still said I had to wait 30 days to be approved for the checking account for direct deposit of social security. GO FIGURE, I guesse I will just stay with the one i got, for now, My CU is closing soon and I need a new bank or CU. Sorry for the confusion, I just did not explain very good what was going on.

Re: Chase Freedom approved now with a soft pull, should I proceed with CLI for other cards

myjourney — Sat, 27 Jul 2013 03:39:19 GMT

@RickyRay wrote:
I apped for a checking account, and they begged me to app for the card............I told them that i would wait on that for a while on that, but I would soon, They still said I had to wait 30 days to be approved for the checking account for direct deposit of social security. GO FIGURE, I guesse I will just stay with the one i got, for now, My CU is closing soon and I need a new bank or CU. Sorry for the confusion, I just did not explain very good what was going on.

Just checking got it Lol