regarding chase application approval chances.. they say 1 year of history credit history before receiving a rather bette chance of approval..
does a card that was opened in 2008 but closed in 2012 in good standing all 4 years “count”?
same with a synchrony card opened in 2002 but closed in 2016 all good standing
I am sure they take that into consideration, I am assuming both are still on your reports?
what are your current scores/cards? .. any additional info can help others to give you better advice
Happy New Year!
Not really. Your closed accounts are helping with scoring aspect, but you're currently not making payments on them, so very little predictive value in them.
Even if those close accounts are completely clean now, that doesnt mean they always were, as individual lates, or string of lates that was brought to current, would "fall off" after 7 years, while account may linger for several years after that.
So, I disagree on you having nothing to worry about. Your accounts are brand new, there is a hefty gap there, and Chase is not exactly stuck on scores as the factor with highest value when it comes to determining the outcome.
You may get approved, but I wouldn't hold my breath for "knock your socks off" approval.