Chase Pre Approved Green Check mark

[MachoHombre]

I'm well over 5/24.  Currently hav a CSP (16.9K) and have a relatively new installment loan with Chase, nothing more.

Wasn't looking to do any app's, no reason to add to my moderate inquiry level.

But the green check mark offer with fixed interest came up for CFU and I clicked.

Got the 30 day in writing canned response.   Hmmmmm...

They instantly hit TU, two days later got notice they tried EX, but that was locked.

Called Chase to ask if they needed any information or had questions, ....after the simple verification got told to wait for written response.   

**7 days later =  Nothing showing on my online portal, no emails, nothing in the mail.  Not sure where this will go.   

[K-in-Boston]

@MachoHombre that sounds like a possible denial due to a locked credit file.  I'd wait until you get the letter and then decide whether it may be worth calling to recon (with an unlocked EX of course).

[MachoHombre]

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@K-in-Boston wrote:

@MachoHombre that sounds like a possible denial due to a locked credit file.  I'd wait until you get the letter and then decide whether it may be worth calling to recon (with an unlocked EX of course).

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I decided to call and get the bad you and I anticipated.  Sure enough, declined and the reason they gave was the (6) inquiries in 2018 alone combined with the recent credit cards requested and granted.   I agreed but gave polite explanation (building thin file and wanted to pair the Freedom with my Sapphire)

...and I asked if any positve options at this point ...opening the door for them to do something.  

She  politely she said "no", other than a full reconsideration which is another set of eyes and it typically takes 10 days.   I have little hope, but figure nothing lost in attempting so I asked her to do so and reminded them to contact me with any questions.

**Data points for others:

The green check mark offer with single APR is **NOT** a slam-dunk guarantee.   

In hindsight I would not have app'd.  At the time it smelled too good to be true and I should have followed my gut.  I had recently finished quite a spree.   I put too much confidence in the forum banter of green check mark and single APR.   

While hindsight is always golden, no regrets and it's time to chill  ....and maybe my experience here can help others.

[blunderer]

There's still hope.  Like another poster stated maybe unlock your EX.  They always pulled both for me before approval. 

Also if you're open to it, you could ask if you could move some of your current credit line over to open the new card?  Just a thought

[Anonymous]

Sorry to hear this. Garden for 6mo, try again when you get the next GreenCK offer. The 6moNo apps seems to be solid advice, 5mos worked for me.

How big was your app spree?

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@MachoHombre wrote:

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@K-in-Boston wrote:

@MachoHombre that sounds like a possible denial due to a locked credit file.  I'd wait until you get the letter and then decide whether it may be worth calling to recon (with an unlocked EX of course).

---

I decided to call and get the bad you and I anticipated.  Sure enough, declined and the reason they gave was the (6) inquiries in 2018 alone combined with the recent credit cards requested and granted.   I agreed but gave polite explanation (building thin file and wanted to pair the Freedom with my Sapphire)

...and I asked if any positve options at this point ...opening the door for them to do something.  

She  politely she said "no", other than a full reconsideration which is another set of eyes and it typically takes 10 days.   I have little hope, but figure nothing lost in attempting so I asked her to do so and reminded them to contact me with any questions.

**Data points for others:

The green check mark offer with single APR is **NOT** a slam-dunk guarantee.   

In hindsight I would not have app'd.  At the time it smelled too good to be true and I should have followed my gut.  I had recently finished quite a spree.   I put too much confidence in the forum banter of green check mark and single APR.   

While hindsight is always golden, no regrets and it's time to chill  ....and maybe my experience here can help others.

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[MachoHombre]

blunderer sayz:
Also if you're open to it, you could ask if you could move some of your current credit line over to open the new card? Just a thought

I didn't think of that. Hmmmm, I'll consider it, but likely will politely recon the 2nd rejection and then put it to bed.

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sjrn sayz:
How big was your app spree?

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Quite-amazing-few-weeks-Story/m-p/5230619 and in the weeks following a few more cards for a total of about $75K of new.

I knew it was time to chill, I had no inclination to do an app, but the trappings of a supposedly slam-dunk was too much. Lesson learned.

[sjt]

I think its a verification issue and the fact that your EX was locked. I would call the status line over the next couple of days.

[Bizambish]

Pardon my Chase ignorance, but where do these famous green check mark offers show up? Is it when you are logged in to your account and just click on the "your offers" tab or is everyone actually filling out the credit card pre qualification form regularly and checking? 

Thanks for the insight!

[Anonymous]

Green check mark offers can show up in at least five places.  The primary location(s) for these offers is your Chase Online account and the Chase Mobile app.  In both cases you can see your green check mark offers by clicking Explore Products > Your Offers.

You can also see any possible green check mark/Selected for you offers by going to Chase's credit card prequalification link:   https://www.chase.com/prequalified . Offers there are specifically for credit cards but the online account and mobile app can have a wider range of offers.  Personally, I've never gotten green check mark offers in my accounts but was able to find them through the prequalification tool.

If you have an existing relationship with Chase you can go to a branch location and a personal banker or teller can look up your information and tell you if they are any existing offers.  The approach I've used successfully was to look for offers with the prequalification tool, then go to the bank to actually verify the offer.

Of course there are also mailers but I haven't received one from Chase in a long time.

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@Bizambish wrote:

Pardon my Chase ignorance, but where do these famous green check mark offers show up? Is it when you are logged in to your account and just click on the "your offers" tab or is everyone actually filling out the credit card pre qualification form regularly and checking? 

Thanks for the insight!

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[Bizambish]

Thank you for the pro tips MaizeandBlue!