topic Re: Chase freedom denied-should I call recon line? in Credit Cards

Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:36:18 GMT

Hi everyone, I'm 26 and I currently have a Capital One secured card with a $200 limit I pay every month in full. Have had it for 6 months as of October 16th and it's the only mark on my credit report, no derogatory marks at all. Applied for Chase Freedom card and was denied. Tried calling Recon line and the guy said that basically I have insufficient history. Credit Karma score is 693 but until October 16th my FICO is 0 since I've only used cash and debit until this point in my life.

Should I call the recon line again tomorrow and hope for an approval or where should I go about to get a new CC? I know I need 3-5 revolving accounts and eventually want a Chase Sapphire Preferred so I figured a Freedom was a good first step and the teller at Chase recommended I apply.

Re: Chase freedom denied-should I call recon line?

Skye12329 — Tue, 14 Oct 2014 23:37:56 GMT

You can try reconning it but Chase usually needs a 6 - 12 mos credit history or AAOA. Its a little hard to get approved for cards if your Fico score is 0, creditkarma score is not a real score. Fico score is your real score.

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:41:55 GMT

CK score is worth about as much as a possum's pecker when it comes to this game.

Recon it for sure.

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:41:58 GMT

I'll have 6 months on Thursday and as such get my FICO score established then. I had a feeling I should've waited until Thursday or after but the teller told me that I would likely get approved.

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:42:33 GMT

And should I wait until Thursday when I actually have a fico score to recon it?

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:44:26 GMT

Id recon it NOW while its still fresh.

GO!

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:45:09 GMT

I got my wife approved and she only has 2 months of credit history.

I think you should recon.

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:48:01 GMT

Called recon earlier and guy from Chase said lack of sufficient history and I didn't know what to say so I said ok, that I appreciated him taking the time to explain to me, and hung up. Calling again tomorrow hopefully get a different agent that can push it through. Just want to get my foot in the door and get an unsecured card and eventually build up my credit

Re: Chase freedom denied-should I call recon line?

Anonymous — Tue, 14 Oct 2014 23:52:33 GMT

Call again. Now.

Re: Chase freedom denied-should I call recon line?

Anonymous — Wed, 15 Oct 2014 00:18:58 GMT

Called again and got a much more detailed explanation. Despite my capital one currently having a balance of $0 and currently having all $200 available it looks like the last time it got reported it had a balance of $162. Idk when they report balanced but the person at Chase said that was the reason. In any case, no derogatory marks, just credit reporting a balance.

Re: Chase freedom denied-should I call recon line?

Anonymous — Wed, 15 Oct 2014 01:01:04 GMT

Keep calling till you get someone to give you a $250 limit and 22.9% apr.

Re: Chase freedom denied-should I call recon line?

Skye12329 — Wed, 15 Oct 2014 01:04:23 GMT

@Anonymous wrote:
Keep calling till you get someone to give you a $250 limit and 22.9% apr.

Thought the min was $500

Explain that you have been responsible with your current card

Re: Chase freedom denied-should I call recon line?

ddemari — Wed, 15 Oct 2014 01:05:10 GMT

It took me a long time to realize i should only blindly apply for a credit card when I know my reports. Wait at least 3 months, apply when you have your card reporting less than 7% or reporting zero. i applied for freedom a year ago, denied for one card having a 50 % utilization and overall utilization of 25%.

Applied 6 months later with overall utilization of 1% and instantly approved. I wish it could have happened overnight but it took time. Apply for a cap1 platinium or qs1 on Friday to help with your utilization. You need another card if you can aftord /use it right.

Re: Chase freedom denied-should I call recon line?

FinStar — Wed, 15 Oct 2014 01:30:57 GMT

@Skye12329 wrote:
@Anonymous wrote:
Keep calling till you get someone to give you a $250 limit and 22.9% apr.
Thought the min was $500

Explain that you have been responsible with your current card

CLs can be assigned as low as $250. And let's see, $250 (or even $500 - if approved) with a 22.9% APR with a CC that will not grow even by CLI standards with Chase or wait until the profile is more mature so it is positioned for a better chance of approval and much better terms?... oh decisions, decisions.

Re: Chase freedom denied-should I call recon line?

Anonymous — Wed, 15 Oct 2014 01:31:55 GMT

My CC has been paid in full each month. No late payments or anything. If that's not responsible then idk what is. I just don't know my reporting date apparently. Purchased an airline ticket and paid it off after I got my bill and a few days before the due date.

Granted that my application is apparently active for 30 days, should I call for a recon again in a few days/weeks and hope cap1 reports a new updated balance that shows a utilization of 0%?

Re: Chase freedom denied-should I call recon line?

FinStar — Wed, 15 Oct 2014 01:33:20 GMT

@Anonymous wrote:
Keep calling till you get someone to give you a $250 limit and 22.9% apr.

You realize anytime one keeps calling this is documented with their notes right? Not sure how that's going to help the OP if the results yield the same outcome.

Re: Chase freedom denied-should I call recon line?

FinStar — Wed, 15 Oct 2014 01:34:59 GMT

@Anonymous wrote:
My CC has been paid in full each month. No late payments or anything. If that's not responsible then idk what is. I just don't know my reporting date apparently. Purchased an airline ticket and paid it off after I got my bill and a few days before the due date.

Granted that my application is apparently active for 30 days, should I call for a recon again in a few days/weeks and hope cap1 reports a new updated balance that shows a utilization of 0%?

They are still going to use the same HP which would reflect nothing dramatic as far as a change to swing in your favor. You realize the Freedom CC is not going anywhere anytime soon and the sign up bonuses are still available right?

Re: Chase freedom denied-should I call recon line?

Anonymous — Wed, 15 Oct 2014 01:38:16 GMT

I'm aware, I just don't necessarily want too many hard pulls as I establish credit. If nothing would change in any case then that's much different. I've survived my entire adult life on cash/debit and have been reluctant to open a CC so I might seem a bit impatient and frustrated regarding getting my first unsecured card and establishing credit. I apologize for that

Re: Chase freedom denied-should I call recon line?

FinStar — Wed, 15 Oct 2014 01:43:02 GMT

@Anonymous wrote:
I'm aware, I just don't necessarily want too many hard pulls as I establish credit. If nothing would change in any case then that's much different. I've survived my entire adult life on cash/debit and have been reluctant to open a CC so I might seem a bit impatient and frustrated regarding getting my first unsecured card and establishing credit. I apologize for that

If you keep calling them, it's going to look more of a desperate effort than anything. Your experience will vary from others - some can get in while others may have to wait. You may be impatient but the world of credit is not a race. You have to start somewhere, small steps lead to bigger steps.

Re: Chase freedom denied-should I call recon line?

Anonymous — Wed, 15 Oct 2014 01:47:18 GMT

Lol. You guys fail to see the humor in my post. Eventually an analyst will cave in and give the OP the worst possible terms.