Getting in with Chase

[Anonymous]

Oh Chase, how I long for thee...

I still am leaving my last slot for Chase in hopes I can at least just build history with them. But I need a way in. I still suppose the Chase Freedom cards are the easiest to obtain but if any cards, specifically the United MilagePlus Card, have lower UW requirements, I’m all ears. I was denied for a Freedom months ago, reasons below. But my credit profile has changed a lot. 40 points up on EXP since the EQ, EXP double pull for Freedom.

What’s gonna be the right time to strike and how should I do it? I need a Visa soon lol should I let my QS age all the way to December for a full year on revolving accounts? No current prequals on site.

Credit profile:
TU FICO - 643
EXP FICO - 678 (pulled last time for Freedom denial @ 630)
AAoA: 2.9 years
OAoA: 7 years
Accounts: 11
Utilization: 3%
Recent CO PIF on Dillard’s card. Account no longer reporting as of April 2018.

I was denied for a Freedom in March because my oldest account was Cap1 with 1K CL @ 3 months old. Now have 11.5K in total available with Disco being 7K. They surprisingly overlooked my CO on recon though because I physically couldn’t pay it because I could only pay it through an employee portal, and well, I wasn’t an employee anymore. And I didn’t realize I left a balance on it. (Young and dumb) only reasons for denial after that was accounts are too young and low available credit.

[Anonymous]

Personally I would wait until you're 720+ across the board to get better CL/APR out of them.  Once they issue a card it's hard to get them to budge on the APR and a CLI is a HP.  HP's aren't the end of the world but, they're a pain for a 5K increase when you turn around 3 weeks later and app for a new card and get 25.9K out of them with the same info reporting.

Your 678 makes you an average consumer in Chase's eyes.  If you have a checking / savings account with them it's easier to stop by a branch and have them check the pre-approvals for you while you're there.  Otherwise get their credit journey product and sometimes people report getting pre-app's in there for products.

[Anonymous]

You definitely don’t need 720 or higher to get a good starting line with them.

As for the OP original wants... let your accounts age a bit and definitely keep that slot open. Also do you have a chase bank anywhere near you? Even if not.. opening a check in account with them is a way to get your foot in the door. They cater to their banking clients. It also greatly helps if you have around a year or more of credit card history.

** sign up for chase credit journey and check prequalified offers there. The APR if you’re pre qualified is a set APR. credit journey prequalified offers are very solid

[DeschutesMyVaronis]

Just an another datapoint, I cold apped with no prior relationship (before I started reading these forums) for CSR with ~660-670 FICO8 including some COs/lates (student loans) and was approved for ~$15,000 SL. My income at the time was ~$105k and I did have Discover card with over $10k CL along with two BoA cards (one of which is over 7 years old). About a year later, I apped for Chase Amazon card and got SL of $5500. My FICO scores are about the same as they were a year ago. 

Does anyone know if you can use same HP for a Chase app to request CL increases? I'm thinking about getting CFU sometime next year and figured I would see if I could get a bump to existing two Chase cards at same time.

[Remedios]

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@DeschutesMyVaronis wrote:

Just an another datapoint, I cold apped with no prior relationship (before I started reading these forums) for CSR with ~660-670 FICO8 including some COs/lates (student loans) and was approved for ~$15,000 SL. My income at the time was ~$105k and I did have Discover card with over $10k CL along with two BoA cards (one of which is over 7 years old). About a year later, I apped for Chase Amazon card and got SL of $5500. My FICO scores are about the same as they were a year ago. 

Does anyone know if you can use same HP for a Chase app to request CL increases? I'm thinking about getting CFU sometime next year and figured I would see if I could get a bump to existing two Chase cards at same time.

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No, application and CLI requests will require separate HPs , so you'd be potentially looking at 3 of them. 

[Anonymous]

Once you get an APR assigned to a card, IMO and my experience is you have virtually 0 chance of ever changing it even with a HP.  I have called in quite a few times over the years with the last being a supervisor and the answer was always no.  They are the only ones that I have never been able to budge and my current Freedom APR is 25.24%.  It doesn't matter if I PIF, it bothers me just having it.

[DeschutesMyVaronis]

Ugh that's what I suspected. Thank you for confirmation. 

[Anonymous]

I signed up for credit journey awhile back. Just waiting for an offer to pop up soon! I will keep gardening until January of next year after Cap1 reports a full year. Hopefully see some offers then for the MilagePlus or the CSP, if not a Freedom variant.

I am making a career change in the coming months, hopefully will have higher income to report along with that. Thanks for all the input!

Im just burning to get a VS since I am tired of Costco shopping with debit lol but this is the path I have chosen. If I don’t get in with Chase by then, I have several other VS cards I’m greenlit on.