Chase Freedom Unlimited App, approval odds?

[Anonymous]

Finishing up a refi on my mortgage.. once I am done with that I'd like to apply for the chase unlimited rewards card.

Credit scores from the big 3, around 800.

Debt to Credit ratio, under 5%. I already had two hard inquiries this year, once in September and another in October for the refi.  Already have 2 accounts with chase, United from 2013 and car loan from 2016, so i have positive history with them.

Good odds for approval? 

[Anonymous]

I'd say you have pretty good odds of approval, especially with an existing Chase relationship and history. The only thing that could result in a denial is if you're at 5/24 or over. Chase has a rule that they won't approve if you've opened up 5 cards in the past 24 months. You can search on YouTube and all over this forum of folks who are well-qualified (by income and/or FICO 8) for a Chase CC, but get denied for this reason. If this isn't you, then go for it!

[FinStar]

OP, have you tried their pre-qualification tool?

[Anonymous]

I have not. Didn't even know they had one.

[Anonymous]

So, I tried the pre qualified route and found this;

We are unable to locate any offers for you at this time.

This may be because you have opted out of "pre-screened" offers from Chase and other companies or you have recently responded to another offer from Chase.

1) I am not sure what 'opted out of pre-screened' even means

2) I have not responded to any offer from chase, let alone another company.

Any idea?

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[coldfusion]

This link will explain prescreening and what opting out of it is.

https://www.optoutprescreen.com/

Having your credit files locked or frozen would also prevent Chase from prequalifying you.

How many cards have you acquired over the last 24 months?

[Anonymous]

0 credit cards.

Last one I took out was in July of 2017.

[coldfusion]

OK, so no 5/24 issue, you currently have cards with Chase (i.e. existing satisfactory business relationship), and your scores infer you have a clean credit profile.

A failure to prequalify with Chase does not translate to an impending kiss of death.   Understand that there is always some risk of denial but personally I would go ahead and pull the trigger.

[Anonymous]

You can also go in-branch to ask for any offers that might be there for you. I've seen it stated here many times that in-branch preapprovals are the most reliable of all.

[M_Smart007]

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@Anonymous wrote:

You can also go in-branch to ask for any offers that might be there for you. I've seen it stated here many times that in-branch preapprovals are the most reliable of all.

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