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Chase Preapproval with Specified CL???

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CWESTL
Regular Contributor

Chase Preapproval with Specified CL???

The CHPT 7 BK was removed from all of my credit reports recently (less than 6 months). I have a Chase bank account, but do NOT hold any other Chase accounts (CC, mortgage, etc.). I've been receiving Chase email offers since the clearing of my CR's and when logging into my Chase bank account online was greeted by several preapproval offers. Theses preapprovals included an auto loan and credit cards offers. However, the credit card "preapprovals" specified the following:

 

Sapphire Preferred Card - $18K CL

Freedom Unlimited Card - $11K CL

Freedom Flex Card - $11K CL

 

When clicking on each of the above noted CC preapprovals offers it specifies, "You're already approved for .  .  . a Chase Sapphire Preferred card with a $18,000 credit line." 

 

Is it customary for an offer to state "you're already approved" with a specific credit line denoted in the offer?

 

I'm considering whether any of the cards offered are worth pursuing. 

 

 

Chapter 7 Discharge Aug 2013 (Removed 2022 & 2023)
Jan 2024 EQ FICO 8 840
Jan 2024 TU FICO 8 779
Jan 2024 EX FICO 8 788
Jan 2024 EQ FICO 9 824 AMEX Cash Magnet $26K; AMEX Platinum NPSL, POT $27.5K; Cap One QS World MC $11k; Cap One Venture Sign VS $30k; Chase Sapphire Pref $18K; Citi Simplicity $7K; NFCU AMEX Rwds $28k; NFCU VS Sign Cash Rwds $24.1k; NFCU Plat VS $19k; Wells Fargo Reflect $25K; Mercury (previously Barclay Rwds MC) $5750k; Lowes $35k; Neiman Marcus $44k; Discover It $11.5k; Discover It $19.5K; Venmo Visa Sign $20K; Barclaycard (AU) $25.5K; Discover (AU) $19.5k New Mortgage Jan 2016 & Nonreaffirmed Mortgage Refinance Nov 2020; HELOC @ 2.75% Apr 2022; New Auto July 2017; NFCU LOC $20K
GOAL 820 FICOs on ALL 3 CRs by JANUARY 2025.
AMEX Lowes Business $25K
AMEX Business LOC $25K
Chase Ink Business Unlimited $26.5K; US Bank Business Platinum $10K
Message 1 of 7
6 REPLIES 6
fury1995
Valued Contributor

Re: Chase Preapproval with Specified CL???

I'm not sure if I understand your question. Are you asking whether the cards are worth pursuing or the preapprovals are worth pursuing?

 

FYI.. Chase preapprovals are nearly a guarantee.

August 28, 2023 FICO 8

August 28, 2023 FICO BankCard 8

August 28, 2023 FICO Auto 8

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Message 2 of 7
JoeRockhead
Senior Contributor

Re: Chase Preapproval with Specified CL???

I don't know that you could go wrong with any of those choices and would go with whichever fits your needs the best. Chase's pre-approvals are about as solid as they come, and they can be generous in a short amount of time with auto CLIs if they see the spend.

Message 3 of 7
CWESTL
Regular Contributor

Re: Chase Preapproval with Specified CL???


@fury1995 wrote:

I'm not sure if I understand your question. Are you asking whether the cards are worth pursuing or the preapprovals are worth pursuing?

 

FYI.. Chase preapprovals are nearly a guarantee.


@fury1995 I was a bit suprised by the specificity of the offer outlining a particular credit line and the other language indicating, "You're already approved.  .  .". Was wondering about the accuracy of the messaging and value of the CSP given the annual fee. 

Chapter 7 Discharge Aug 2013 (Removed 2022 & 2023)
Jan 2024 EQ FICO 8 840
Jan 2024 TU FICO 8 779
Jan 2024 EX FICO 8 788
Jan 2024 EQ FICO 9 824 AMEX Cash Magnet $26K; AMEX Platinum NPSL, POT $27.5K; Cap One QS World MC $11k; Cap One Venture Sign VS $30k; Chase Sapphire Pref $18K; Citi Simplicity $7K; NFCU AMEX Rwds $28k; NFCU VS Sign Cash Rwds $24.1k; NFCU Plat VS $19k; Wells Fargo Reflect $25K; Mercury (previously Barclay Rwds MC) $5750k; Lowes $35k; Neiman Marcus $44k; Discover It $11.5k; Discover It $19.5K; Venmo Visa Sign $20K; Barclaycard (AU) $25.5K; Discover (AU) $19.5k New Mortgage Jan 2016 & Nonreaffirmed Mortgage Refinance Nov 2020; HELOC @ 2.75% Apr 2022; New Auto July 2017; NFCU LOC $20K
GOAL 820 FICOs on ALL 3 CRs by JANUARY 2025.
AMEX Lowes Business $25K
AMEX Business LOC $25K
Chase Ink Business Unlimited $26.5K; US Bank Business Platinum $10K
Message 4 of 7
ThomasJNewton
Frequent Contributor

Re: Chase Preapproval with Specified CL???

@CWESTL wrote:

 

When clicking on each of the above noted CC preapprovals offers it specifies, "You're already approved for .  .  . a Chase Sapphire Preferred card with a $18,000 credit line." 

 

Is it customary for an offer to state "you're already approved" with a specific credit line denoted in the offer?

I do not know how common it is, but I can tell you that neither the pre-approval page (when it worked) that offered me the Freedom Flex, Freedom Unlimited and Slate, did not offer me starting credit lines, nor do the offers my B/F received (including: Sapphire Preferred, Sapphire Reserve, and five more).

 

 

I'm considering whether any of the cards offered are worth pursuing. 


If by “worth pursuing” one means are you likely to have them issue you the card, from what I can tell the answer is yes. If, on the other by “worth pursuing” you mean are they good cards, you will really need to answer that yourself.

Message 5 of 7
Mdowning30
Established Contributor

Re: Chase Preapproval with Specified CL???

Take the 18K sapphire, then if you dont want to continue paying the $95 AF just PC to one of the Freedom cards !

Chase Freedom Unlimited : $6000 | Discover It Chrome : $3500 | AmEx CS Investor : $6000 | Chase Sapphire Preferred : $5000 | Chase Amazon Prime : $2000 | AmEx Hilton Surpass : $1000 | AmEx Business Plus : $2000 | AmEx Platinum CS : NPSL/POT $4500 | Tower Federal CU : $15,000
Total Credit Limit : $40000
Experian FICO 8 : 686
| Experian Vantage : 701 | TransUnion FICO 8 : 689 | TransUnion Vantage : 704
Starting Score: 512
Current Score: 693
Goal Score: 700+

Take the myFICO Fitness Challenge
Message 6 of 7
CWESTL
Regular Contributor

Re: Chase Preapproval with Specified CL???


@Mdowning30 wrote:

Take the 18K sapphire, then if you dont want to continue paying the $95 AF just PC to one of the Freedom cards !


@Mdowning30  Great suggestion. I decided to apply for the CSP and was approved for a starting CL of $18K. I'll determine if a product change makes since closer to the one year mark. 

Chapter 7 Discharge Aug 2013 (Removed 2022 & 2023)
Jan 2024 EQ FICO 8 840
Jan 2024 TU FICO 8 779
Jan 2024 EX FICO 8 788
Jan 2024 EQ FICO 9 824 AMEX Cash Magnet $26K; AMEX Platinum NPSL, POT $27.5K; Cap One QS World MC $11k; Cap One Venture Sign VS $30k; Chase Sapphire Pref $18K; Citi Simplicity $7K; NFCU AMEX Rwds $28k; NFCU VS Sign Cash Rwds $24.1k; NFCU Plat VS $19k; Wells Fargo Reflect $25K; Mercury (previously Barclay Rwds MC) $5750k; Lowes $35k; Neiman Marcus $44k; Discover It $11.5k; Discover It $19.5K; Venmo Visa Sign $20K; Barclaycard (AU) $25.5K; Discover (AU) $19.5k New Mortgage Jan 2016 & Nonreaffirmed Mortgage Refinance Nov 2020; HELOC @ 2.75% Apr 2022; New Auto July 2017; NFCU LOC $20K
GOAL 820 FICOs on ALL 3 CRs by JANUARY 2025.
AMEX Lowes Business $25K
AMEX Business LOC $25K
Chase Ink Business Unlimited $26.5K; US Bank Business Platinum $10K
Message 7 of 7
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