topic Re: Adios Chase Freedom-Thanks-But No Thanks in Credit Cards

UPDATE-RE-OPENED Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 22:16:25 GMT

Called this afternoon and closed the above mentioned account after being approved the day before. Not into being deliberately misled by CSR's. Also did not want to take another HP to either be denied or receive an increase of only $250. UPDATE-Called today and re-opened the acct. Again-was told no credit pull was necessary...but after all this I'm not even going to worry about that right now

Discover It-$6K ll Wells Fargo Visa-$6K ll USAA Cash Rew. Visa-$11K ll OCCU Beaver Visa-$1.5K ll AMEX Green-NPSL ll Macy's-
$2.5K ll Wal Mart/GECRB-$900 ll Chase/BP Gas-$500 ll Sears/Citi-$2k ll Pay-Pal Smart Connect/GECRB-$2K ll Best Buy/Citi-$4K ll
Sportsman's Guide Visa-$7K ll Coldwater Creek M/C-$4.5K ll Credit Union Visa-$1K ll FNBO AMEX-$3.5K ll Chase Freedom-$1.5K-

Re: Adios Chase Freedom-Thanks-But No Thanks

Involver — Mon, 14 Apr 2014 23:51:22 GMT

So what was the problem?

Re: Adios Chase Freedom-Thanks-But No Thanks

Kenny — Mon, 14 Apr 2014 23:53:32 GMT

@Involver wrote:
So what was the problem?

My guess is they didn't get the CLI or CL they wanted.

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Mon, 14 Apr 2014 23:57:42 GMT

This thread from yesterday will give a better understanding.

http://ficoforums.myfico.com/t5/Credit-Card-App-Approvals/Chase-Freedom-Approved-w-JOKE-Limit-UPDATE/td-p/3010272

Re: Adios Chase Freedom-Thanks-But No Thanks

Kenny — Tue, 15 Apr 2014 00:01:06 GMT

Best of luck... and patience.

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 00:10:26 GMT

@Kenny RS: Thanks. Chase sent me 5 mailers in the last 3 months. I can be as patient as the next person-but I would think after 8 months of patience and trying to make smarter decisions, i would have finally made it past the Credit One/First Premier toy limit stage.

Re: Adios Chase Freedom-Thanks-But No Thanks

newUser0 — Tue, 15 Apr 2014 00:10:38 GMT

I think you really hurried here.

I have seen success stories, of getting HP removed from Chase, IF You call and tell them that they said like this in LAST CALL.

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 00:20:21 GMT

@newUser0: From the conversation I had with the CSR last night-they weren't going to budge on anything-unless i was willing to take a second HP. And last night I found some other old threads where they screwed a few other people over. I still have one card with them and there are plenty of other lenders out there.

Re: Adios Chase Freedom-Thanks-But No Thanks

newUser0 — Tue, 15 Apr 2014 00:25:50 GMT

Ultimately, If you feel Happy. Just Do It.

I am happy for you!!

Re: Adios Chase Freedom-Thanks-But No Thanks

VirtualCuriosity — Tue, 15 Apr 2014 00:28:34 GMT

Wow, sorry you went through all that confusion. I am a little taken aback that you are so upset that you would cancel it after taking a HP anyway, especially when you didn't even need the card like you said. It would have grown with minimal use.

Re: Adios Chase Freedom-Thanks-But No Thanks

Anonymous — Tue, 15 Apr 2014 00:31:16 GMT

I waited until I got 18 months of credit history to get the Chase Freedom and I was approved for $2500. I held a balance of 2k for 3 months and got an Auto-CLI to $5000. They're not so bad if you have patience.

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 00:39:16 GMT

@VirtualCuriostiy: It might have grown, but I probably would have had to keep taking HP hits to get it to grow! I'm sure auto CLI's with them were not in my future. What's the point of doing that when I could put those HP's to more practical use? I didn't really "need' it...the way they kept sending me pre-screened mailers left and right, it sounded like they liked what they saw on my CR's and wanted my business-but I guess I was wrong on that one, or else they would have at least matched my Discover IT limit of $3.5K which was reporting at the time of app. And the $500/$100 spend bonus they're offering right now sounded good also along with the 0% for 18 mos.

Re: Adios Chase Freedom-Thanks-But No Thanks

maiden_girl — Tue, 15 Apr 2014 00:43:28 GMT

Chase is the type of bank that dosn't let you choose your own credit line or request whatever you want. They like to see other banks take a chance first and if you do well..then they take a chance. When I first got my Chase card, I had a CL of 3k. And I had a second account with them at 1.5k. Fast forward 2 years later, I have a NPSL signature card with them. Patience is virtue. Since the life of my account, I've only received one auto CLI. They don't match CLs either.

I think you jumped the gun too fast on closing the account. Chase can be generous with CLs if you prove you can handle them. But what's done is done.

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 00:50:04 GMT

@maiden-girl: You're right-what's done is done. I thought I had proved myself pretty well with the BP gas card I've have with them for the last 8 mos., but I guess not. Besides if I had a desire to I could always re-apply next year and maybe this time aim a little higher-like CSP. By then practically all of my acct's will be well over a year old.

Re: Adios Chase Freedom-Thanks-But No Thanks

maiden_girl — Tue, 15 Apr 2014 00:53:06 GMT

@Credit-hoarder wrote:
@Anonymous-girl: You're right-what's done is done. I thought I had proved myself pretty well with the BP gas card I've have with them for the last 8 mos., but I guess not. Besides if I had a desire to I could always re-apply next year and maybe this time aim a little higher-like CSP. By then practically all of my acct's will be well over a year old.

Next time, sock drawer a card you feel isn't growing and put all your spending on another one. I bet you would have received a little increase because they want you to use their card!! Not the competitor Lol.

Re: Adios Chase Freedom-Thanks-But No Thanks

CreditExpressNJ — Tue, 15 Apr 2014 00:54:44 GMT

@Credit i have somewhat of a similar experience except this is with Citi and not even a new card a CLI .... Now I've had my Sunoco card for over 10 months and have never even rrecieved and increased applied and was denied ...... yet all my other cards are well above a measely $500 but fact is .... Store Cards are much less accredited than you think to some banks.... Assuming you only have the store version and not the Visa if its the Visa ***shrugs*** no idea then...

Re: Adios Chase Freedom-Thanks-But No Thanks

maiden_girl — Tue, 15 Apr 2014 00:56:51 GMT

@shaun2009 wrote:
@Anonymous i have somewhat of a similar experience except this is with Citi and not even a new card a CLI .... Now I've had my Sunoco card for over 10 months and have never even rrecieved and increased applied and was denied ...... yet all my other cards are well above a measely $500 but fact is .... Store Cards are much less accredited than you think to some banks.... Assuming you only have the store version and not the Visa if its the Visa ***shrugs*** no idea then...

Citi is evil. They only let you have CLIs 6 months from the last one...I hate my simplicity card. It has high BT rates and you can't even use Citi Deals for statement credits...

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 01:01:29 GMT

@maiden-girl: That was my thinking too. Since Discover is their biggest competitor right now, I would have figured they (Chase) would have given me a little more incentive to steer me away from using my Discover Card. Looked to me though like they (Chase) could care less about the competition by giving me a much lower starting CL limit than Discover..

Re: Adios Chase Freedom-Thanks-But No Thanks

Anonymous — Tue, 15 Apr 2014 01:04:05 GMT

@Credit-hoarder wrote:
@Anonymous-girl: That was my thinking too. Since Discover is their biggest competitor right now, I would have figured they (Chase) would have given me a little more incentive to steer me away from using my Discover Card. Looked to me though like they (Chase) could care less about the competition by giving me a much lower starting CL limit than Discover..

Why is Discover their biggest competitor? I would put a few other banks first! Just because Freedom is similar to discover?

Re: Adios Chase Freedom-Thanks-But No Thanks

Credit-hoarder — Tue, 15 Apr 2014 01:07:53 GMT

That's what I meant-Freedom and Discover IT appear to be in competition with each other b/c both have the same rewards structure and similiar sign up bonuses. And both are doing a lot of heavy advertising right now also.