Chase Already Approved!

[Anonymous]

My husband and I are working on paying off our credit card bills and building up our credit scores. We have four cards total with two at zero balance as of 11/2/21.  And, one car loan which we have $11,000 left to pay off.

I have (2) capital one cards with a $750.00 credit limit (journey) which hasn't increased since I had it about 4 years now.  The other one has increase from $500.00 (starting credit limit) to $2,500.00.  I had two collections which I was able to get one removed and now working on the last one. 

My husband has (1) Capital one card which started at $1,000 and now is $3,600.00 (as of 11/3/21) .  And, he has a Discover card ($1,000) starting limit; which is now $1600.00.  He has received an offer from Chase for their Chase Freedom Unlimited - $2,000 credit limit. 

Is this a good offer? 

We are new to understanding credit.  Any help would be greatly appreciated.

[OmarGB9]

Where did you see this offer?

[Anonymous]

My husband saw the offer when logged into his Chase checking account.

[Remedios]

@Anonymous  Can you clarify what do you mean by "good offer" 

Are you wondering about starting limit or something else? 

CFU is decent card especially since they revamped it a bit, and right now it's a great offer because it has 5% back on groceries during first year ( I believe it's maxed at $12,000 in spend), 3% dining and drugstores, so it wouldn't be just another 1.5% card 

As far as starting limit, it's good. He only has one card with higher limit than that, but since limit isnt too high, there is a possibility of auto CLI if there is decent use on it 

[FinStar]

If it displays as a green star or black star pre-approved offer (under the "Just for you" section), it's as good as golden, OP.

[Anonymous]

---

@Remedios wrote:

@Anonymous  Can you clarify what do you mean by "good offer" 

Are you wondering about starting limit or something else? 

CFU is decent card especially since they revamped it a bit, and right now it's a great offer because it has 5% back on groceries during first year ( I believe it's maxed at $12,000 in spend), 3% dining and drugstores, so it wouldn't be just another 1.5% card 

As far as starting limit, it's good. He only has one card with higher limit than that, but since limit isnt too high, there is a possibility of auto CLI if there is decent use on it 

---

Sorry about that! Yes, for starting limit?  

[Remedios]

---

@Anonymous wrote:

---

@Remedios wrote:

@Anonymous  Can you clarify what do you mean by "good offer" 

Are you wondering about starting limit or something else? 

CFU is decent card especially since they revamped it a bit, and right now it's a great offer because it has 5% back on groceries during first year ( I believe it's maxed at $12,000 in spend), 3% dining and drugstores, so it wouldn't be just another 1.5% card 

As far as starting limit, it's good. He only has one card with higher limit than that, but since limit isnt too high, there is a possibility of auto CLI if there is decent use on it 

---

Sorry about that! Yes, for starting limit?  

---

It's very much in line with his other cards, so I'd say yes.

It's not very high, but it will do the job. 

[SouthJamaica]

---

@Anonymous wrote:

My husband and I are working on paying off our credit card bills and building up our credit scores. We have four cards total with two at zero balance as of 11/2/21.  And, one car loan which we have $11,000 left to pay off.

I have (2) capital one cards with a $750.00 credit limit (journey) which hasn't increased since I had it about 4 years now.  The other one has increase from $500.00 (starting credit limit) to $2,500.00.  I had two collections which I was able to get one removed and now working on the last one. 

My husband has (1) Capital one card which started at $1,000 and now is $3,600.00 (as of 11/3/21) .  And, he has a Discover card ($1,000) starting limit; which is now $1600.00.  He has received an offer from Chase for their Chase Freedom Unlimited - $2,000 credit limit. 

Is this a good offer? 

We are new to understanding credit.  Any help would be greatly appreciated.

---

Yes, I would say it's a step up.  It's a premium card from a premium bank.

And if it says he's preapproved under the "Just for You" offers, then he has a good chance of being approved.

[Anonymous]

Last week my husband logged into his Chase checking account and had an offer from Chase.  It said he was "already approved for the Chase Freedom Unlimited SL- $2,000. Since he only has one Capital One and Discover card, we thought getting a Chase card offer was great.  It had the green star and so he went for it.   This is where the smiley face turned to a frown.  Chase said they will let him know of their decision in 30 days.  Now, he has a hp on his credit report.  I guess he has to work harder on his score which he has been doing.  What a bu

[collics]

I hope he gets approved! Good luck!