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Chase App Dilemma

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Frequent Contributor

Re: Chase App Dilemma


@CivalV wrote:
I didnt know that Chase shows the preapproved SL. That’s awesome! Good luck if you go for it 💪🏼

They don't always, but I guess sometimes they do! My preapprovals earlier this month didn't show an SL or APR. I wish I had thought to take a screenshot at the time.

 

What's interesting is that his doesn't say "pre-approved" or "pre-qualified" or "invited to apply"... it says "You're approved". Almost makes it sound like they've already made the card for him and are just waiting for the thumbs up to drop it into the mail.

 

    Total CL: $21,100
Fico 8 Scores:
12/2018:
03/2019:
06/2019:
09/2019:
Goals:   550 by 12/2018 600 by 3/2019   650 by 6/2019   700 by 1/2020   750 by 1/2021 800+ by 1/2022
8 derog. (all settled 1/2019)     |     Inquiries: 10, 9, 6     |     AoOA: 10.0yr     |     AAoA: 5.2yr     |     AoYA: 0.4yr
Message 11 of 17
New Contributor

Re: Chase App Dilemma

I would take the new card, I think you have left enough time in between apps for it to be okay. Congrats!!





Message 12 of 17
Regular Contributor

Re: Chase App Dilemma

Thanks for your input everyone - I checked with my banker today and she confirmed that the offer is solid and was shocked that I didn't accept it immediately. Smiley Indifferent sheesh you can't be too careful with Chase nowadays.

My next move after I accept the offer would be product changing my Slate to the Freedom card. How long should I wait between acceptance and product change? 

 

Thank you.









Les murs ont des oreilles .
Message 13 of 17
Frequent Contributor

Re: Chase App Dilemma


@Doigt_dor wrote:

Thanks for your input everyone - I checked with my banker today and she confirmed that the offer is solid and was shocked that I didn't accept it immediately. Smiley Indifferent sheesh you can't be too careful with Chase nowadays.

My next move after I accept the offer would be product changing my Slate to the Freedom card. How long should I wait between acceptance and product change? 

 

Thank you.


IMO, I don't think chase would have any issue doing that product change immediately, but I would ask them if they'll require a HP to do it. If so, maybe consider doing it on the same day as you apply for the CFU, so they can share the same inquiry.

 

I can verify that Chase will only pull credit once for two credit cards done on the same day, as earlier this month I got the CFU and CSP on the same day and only pulled credit once (from 2 bureaus, though)

 

Anyways, I don't think a product change would trigger Chase's panic button, since it isn't exactly new credit. Maybe someone else can verify if that's true.

    Total CL: $21,100
Fico 8 Scores:
12/2018:
03/2019:
06/2019:
09/2019:
Goals:   550 by 12/2018 600 by 3/2019   650 by 6/2019   700 by 1/2020   750 by 1/2021 800+ by 1/2022
8 derog. (all settled 1/2019)     |     Inquiries: 10, 9, 6     |     AoOA: 10.0yr     |     AAoA: 5.2yr     |     AoYA: 0.4yr
Message 14 of 17
Frequent Contributor

Re: Chase App Dilemma

I think I remember reading in another thread recently that Chase doesn't do a HP for a PC unless you're also asking for a CLI at the same time. Some PC's require a CLI if your old card has a lower CL than the new card's minimum CL, but I don't think the Freedom has a minimum CL (or if it does, it's really low, like $500) so you shouldn't need a CLI to do the PC.

    Total CL: $21,100
Fico 8 Scores:
12/2018:
03/2019:
06/2019:
09/2019:
Goals:   550 by 12/2018 600 by 3/2019   650 by 6/2019   700 by 1/2020   750 by 1/2021 800+ by 1/2022
8 derog. (all settled 1/2019)     |     Inquiries: 10, 9, 6     |     AoOA: 10.0yr     |     AAoA: 5.2yr     |     AoYA: 0.4yr
Message 15 of 17
Frequent Contributor

Re: Chase App Dilemma

Oh wow I didnt even realize that lol

They must really love his profile!
Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU: 642 EX: 637
June: EQ8: 637 TU8: 645 EX8: 642
September 19’: EQ8: 620 TU8: 645 EX8: 640
Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS 4MONTHS AAOA: 2YR 4MONTHS
Inquiries in 12 months: EQ: 3 TU: 1 EX: 1
New Accounts in the last 9 months: 0
CLOSED: Self Lender 12Month CD: June 20th 19’

Short Term Goal: Auto Lease 2020 Jeep MOAB
Chase 6/24 In-Branch Pre-approvals for all chase credit products - Goal Achieved but not taking the bait.. YET!
Message 16 of 17
Community Leader
Mega Contributor

Re: Chase App Dilemma


@Doigt_dor wrote:

Thanks for your input everyone - I checked with my banker today and she confirmed that the offer is solid and was shocked that I didn't accept it immediately. Smiley Indifferent sheesh you can't be too careful with Chase nowadays.

My next move after I accept the offer would be product changing my Slate to the Freedom card. How long should I wait between acceptance and product change? 

 

Thank you.


You dont need to wait, you can ask to PC today 

It will not affect your app. 

 

I'm waiting for that approval thread lol 

EX 759 EQ 774 TU 753


Message 17 of 17
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