Your scores are OK, but would be better if they were all 700+. But, the biggest thing would be to wait until your file and history is at least a year old. By that time you're scores should be right where they need to be for a better chance of approval.
I would suggest waiting until you have a little more of an established credit history, and your scores are a little higher. If you do decide to pull the trigger and dont get approved, Chase does have recon you can give a whirl.
@Fernando1 wrote:I recently moved to the US. I only have 6 months of credit history here and my FICO score was just created (701 TU and 692 EX).
I currently have 3 cards (C1 Platinum, Opensky and Amazon Secured) so I'm 3/24. I also have a credit builder loan (Credit Strong).
I’d like to start a relationship with Chase, so I’m thinking of applying for Chase Freedom Unlimited (as it’s easier to aprove). However, I know the difficulties to start this relationship with such a thin credit history.
My first credit report showed this information:
Length of time accounts have been established - your score has been impacted by the relatively low age of your oldest account and/or the average age of your accounts.
Proportion of loan balances to loan amounts is too high - your score was impacted because your proportion of installment loan balances to the original loan amounts is too high.
I can't check the Chase prequalify page because I don't have a SSN (just ITIN) - the tool doesn't accept ITIN, only the application does.
Do you think there's any chance I can apply and be approved? Or should I wait longer?
Any suggestion?
Every time I have ever applied to Chase, they have pulled Experian. So I would definitely wait until all 3 FICO 8's are above 700.
I think you will have a shot at it if you wait until then, and add no other new accounts and make no other applications in the interim.
@Fernando1 wrote:I recently moved to the US. I only have 6 months of credit history here and my FICO score was just created (701 TU and 692 EX).
I currently have 3 cards (C1 Platinum, Opensky and Amazon Secured) so I'm 3/24. I also have a credit builder loan (Credit Strong).
I’d like to start a relationship with Chase, so I’m thinking of applying for Chase Freedom Unlimited (as it’s easier to aprove). However, I know the difficulties to start this relationship with such a thin credit history.
My first credit report showed this information:
Length of time accounts have been established - your score has been impacted by the relatively low age of your oldest account and/or the average age of your accounts.
Proportion of loan balances to loan amounts is too high - your score was impacted because your proportion of installment loan balances to the original loan amounts is too high.
I can't check the Chase prequalify page because I don't have a SSN (just ITIN) - the tool doesn't accept ITIN, only the application does.
Do you think there's any chance I can apply and be approved? Or should I wait longer?
Any suggestion?
I'd wait and also consider Amex in the mean time to try to build a thicker file.
Amex and Cap One have historically be easier than Chase to approve with an ITIN.
@fury1995 wrote:
@Fernando1 wrote:I recently moved to the US. I only have 6 months of credit history here and my FICO score was just created (701 TU and 692 EX).
I currently have 3 cards (C1 Platinum, Opensky and Amazon Secured) so I'm 3/24. I also have a credit builder loan (Credit Strong).
I’d like to start a relationship with Chase, so I’m thinking of applying for Chase Freedom Unlimited (as it’s easier to aprove). However, I know the difficulties to start this relationship with such a thin credit history.
My first credit report showed this information:
Length of time accounts have been established - your score has been impacted by the relatively low age of your oldest account and/or the average age of your accounts.
Proportion of loan balances to loan amounts is too high - your score was impacted because your proportion of installment loan balances to the original loan amounts is too high.
I can't check the Chase prequalify page because I don't have a SSN (just ITIN) - the tool doesn't accept ITIN, only the application does.
Do you think there's any chance I can apply and be approved? Or should I wait longer?
Any suggestion?
I'd wait and also consider Amex in the mean time to try to build a thicker file.
Amex and Cap One have historically be easier than Chase to approve with an ITIN.
If they want to get a chase card soon they should wait for 6 months before getting anything else they are already 3/24 getting 2 more accounts while it would make a thicker file will lock them out from chase for 18 months instead of 6. If Chase says no then I would get 1-2 more accounts and wait a year.
@Beefy1212 wrote:
@fury1995 wrote:
@Fernando1 wrote:I recently moved to the US. I only have 6 months of credit history here and my FICO score was just created (701 TU and 692 EX).
I currently have 3 cards (C1 Platinum, Opensky and Amazon Secured) so I'm 3/24. I also have a credit builder loan (Credit Strong).
I’d like to start a relationship with Chase, so I’m thinking of applying for Chase Freedom Unlimited (as it’s easier to aprove). However, I know the difficulties to start this relationship with such a thin credit history.
My first credit report showed this information:
Length of time accounts have been established - your score has been impacted by the relatively low age of your oldest account and/or the average age of your accounts.
Proportion of loan balances to loan amounts is too high - your score was impacted because your proportion of installment loan balances to the original loan amounts is too high.
I can't check the Chase prequalify page because I don't have a SSN (just ITIN) - the tool doesn't accept ITIN, only the application does.
Do you think there's any chance I can apply and be approved? Or should I wait longer?
Any suggestion?
I'd wait and also consider Amex in the mean time to try to build a thicker file.
Amex and Cap One have historically be easier than Chase to approve with an ITIN.
If they want to get a chase card soon they should wait for 6 months before getting anything else they are already 3/24 getting 2 more accounts while it would make a thicker file will lock them out from chase for 18 months instead of 6. If Chase says no then I would get 1-2 more accounts and wait a year.
I suggested that AMEX and Cap One are more lenient with ITIN apps which is likely how the OP opened the current CapoOne account so another Cap One isn't necessarily the route leaving AMEX as a more likely candidate. The OP would be 4/24 if approved for an AMEX card only counting opened revolving card accounts and everyone is suggesting to wait a year for Chase anyway.
@fury1995 wrote:
@Beefy1212 wrote:
@fury1995 wrote:
@Fernando1 wrote:I recently moved to the US. I only have 6 months of credit history here and my FICO score was just created (701 TU and 692 EX).
I currently have 3 cards (C1 Platinum, Opensky and Amazon Secured) so I'm 3/24. I also have a credit builder loan (Credit Strong).
I’d like to start a relationship with Chase, so I’m thinking of applying for Chase Freedom Unlimited (as it’s easier to aprove). However, I know the difficulties to start this relationship with such a thin credit history.
My first credit report showed this information:
Length of time accounts have been established - your score has been impacted by the relatively low age of your oldest account and/or the average age of your accounts.
Proportion of loan balances to loan amounts is too high - your score was impacted because your proportion of installment loan balances to the original loan amounts is too high.
I can't check the Chase prequalify page because I don't have a SSN (just ITIN) - the tool doesn't accept ITIN, only the application does.
Do you think there's any chance I can apply and be approved? Or should I wait longer?
Any suggestion?
I'd wait and also consider Amex in the mean time to try to build a thicker file.
Amex and Cap One have historically be easier than Chase to approve with an ITIN.
If they want to get a chase card soon they should wait for 6 months before getting anything else they are already 3/24 getting 2 more accounts while it would make a thicker file will lock them out from chase for 18 months instead of 6. If Chase says no then I would get 1-2 more accounts and wait a year.
I suggested that AMEX and Cap One are more lenient with ITIN apps which is likely how the OP opened the current CapoOne account so another Cap One isn't necessarily the route leaving AMEX as a more likely candidate. The OP would be 4/24 if approved for an AMEX card only counting opened revolving card accounts and everyone is suggesting to wait a year for Chase anyway.
Sure but they are already 6 months into waiting a year for chase and I am not sure a weak 4 vs stronger 3 account profile is a huge difference. Getting 2 more accounts 5 vs 3 is nearly doubling accounts and a much bigger profile difference however they are then waiting for the first account to drop off at 24 months meaning the realistic timeline for chase being 6 no new accounts or 18 months and 2 more accounts. Waiting 6 months makes no real difference if denied and if denied might as well fluff up the profile for a try 12 months later.
Getting account number 4 now or waiting 6 months to me doesn't change the equation. Best chance for Chase is still 6 months with 3 accounts or 18 months with 5 accounts.