Chase Prequalify vs Applying

[23matched]

When I go to their prequalify page, I receive a message stating they did not have any prequalify offers for me, but I could apply. Confused. If I did not prequalify, why bother applying?  Looking for a Sapphire card. 740ish score. I did burn them 8 years ago in C13 which has since been removed from my report. My current CC utilization is 4% and my income is well into the 6-figure.  Rather not incur an inquiry if I am not going to get approved. 

[Jnbmom]

Chase has a long memory even though it is not on your reports they keep their  own internal records. I included them in 2005 and I am still blacklisted. Others have managed to get back with them while others are still on "the list".

Yes everyone can apply when not prequalified , unlike AMEX  which doesn't pull if you are blacklisted, chase will still do a HP and deny you for past history. Of course they only way to know would be to apply.

YMMV

[Anonymous]

Honestly, I can’t think of any lender that does not offer or recommend for you to apply anyway (when they don’t have a pre-approval for you). 

As for why apply....I wasnt pre-approved for Venture, but I applied anyway. I was approved. Same for BOA and Discover, no pre-approval, but I was approved. 

Edit: Wanted to add, just because you receive a pre-approval, it doesn’t guarantee you will be approved. 

[Bizambish]

Myself and a lot of others are finding that not having pre approvals for a particular product isn't super telling. Especially if you've had changes to your scores and/or profile over the past few months. If they arbitrarily don't pull your profile in marketing and you don't have an existing relationship with an institution you might never get a prequal even for products you could easily be approved for. It looks like with your profile the only reason you wouldn't be approved is if you are on "the list" for the internal history with Chase. Might never know without pulling the trigger, but it's of course up to you if you want to roll the dice!

[afbar1114]

It could be a few things. I filled out the online form and no pre-approval. But I have pre-approvals if I go into the branch. I also have been with chase for 10 years as a banking relationship and have their cards for 6 years+. I applied for a United card and was semi instant approval for $15,000 and 17.74% APR. when I applied I had a EX score of 753 and 9 inq with uti around 20%. I also requested a CLI on my sapphire card the same day. Two HP’s on my EX resulted. 

[Anonymous]

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@23matched wrote:

When I go to their prequalify page, I receive a message stating they did not have any prequalify offers for me, but I could apply. Confused. If I did not prequalify, why bother applying?  Looking for a Sapphire card. 740ish score. I did burn them 8 years ago in C13 which has since been removed from my report. My current CC utilization is 4% and my income is well into the 6-figure.  Rather not incur an inquiry if I am not going to get approved. 

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Well the thing with pre approvals is that it is based on the random SP they make on your credit file from time to time. Once you app, the HP would give them the current report based on which they would decide if they want to approve you. So no offers on the pre-qual page doesn't necessarily mean rejected on apps and a few times vice versa as well. 

[23matched]

I went ahead and applied and received the 30 day message. I called recon this AM and was referred to verifications which went smooth, then was told to give a decision up to 2 weeks, or call back in 3 days. Shall see.

[23matched]

well, I called today, and was told it was forwarded for additional review, and I should hear something in 1-2 weeks, or call back in 3 days.......

[23matched]

well, denied. I called and was told I have too much available credit. HUH? I figured if I could not get the Sapphire due to too much available credit, I rather not ask if they would consider me for the Freedom card. I was looking for a new everyday card, guess Chase isnt it. oh well. I was also looking to change one of my checking accounts to Chase with in excess of a $20k opening deposit. Going to shop elsewhere for a new primary bank.

[FinStar]

Right, but even the $20K deposit would've made no difference. It appears that based on your overall profile Chase just didn't feel comfortable loosening up their purse strings, unfortunately. Business decision at the end of the day of course.

On the upside, not much was mentioned about your prior experience with them so there's that.