Pre-approved for Chase Freedom, but I don't want a hard pull unless I am likely to get approval...

[Anonymous]

I'm looking to get a second credit card.  I have clean-but-thin credit.  No negatives, and only one account (bank loan) paid off with all on-time payments, no lates.  
I was added as a co-applicant to a low interest rate Disover IT account about a month and a half ago for the purpose of increasing my score.  
I've been keeping the balance below 9%, and have made payments throughout the month to keep it that way.  5k limit.    

myFico (Identity Ultimate) scores are:  
EQ: 681  
TU: 700  
EX: 648 (confused as to why this hasn't gone up after the discover account while the other two did, but that's for another time)

At this point, I want to open a second card, so I went to the pre-qualified offers page for Chase to get an idea of what is out there for me.    

After submitting the request, I got a pre-approval offer for the Chase Freedom card.  After reading reviews, this seems to be a decent card to build credit age with.  

At any rate, my main question is:   

Should I expect to be approved based on the online pre-approval?  

I would obviously rather wait more time if there is still a risk of not being approved, but if my profile seems like it's likely to be approved I don't want to waste time.  

Given the above (no negatives whatsoever, very thin credit history), would you say i will likely be approved, or should i continue to wait before applying for a second credit builder?  

Thanks.

[Anonymous]

Chase pre-approvals are pretty solid.  Obviously there is always a chance you won't be approved, but more often than not if you are preapproved through chase then you will get approved.

[Anonymous]

Great thanks.   So given my credit file and the fact that i was pre-approved on their site (i used this link) you think it's a very safe bet that i can move forward?

Out of curiosity, what sorts of things would lead to a pre-approval, but a denied approval?

[Anonymous]

---

@Anonymous wrote:

Great thanks.   So given my credit file and the fact that i was pre-approved on their site (i used this link) you think it's a very safe bet that i can move forward?

Out of curiosity, what sorts of things would lead to a pre-approval, but a denied approval?

---

Yea I think you should be fine.  A pre-approval is based on the last SP that Chase did of your credit.  It is always possible that when they last did a SP you were fine and have since racked up more inq or higher util or even baddies on your account.  They won't see these in the pre-qual, but when they actually pull your report they will and then they could deny you.  Generally speaking, unless something major has changed in the last 30 days, then your pre-approval should still hold true.

[Anonymous]

In addition, the Freedom is the easiest card to get in Chase's collection.  A lot of people have gotten it as their first bank card and watched it grow.

[Anonymous]

That's good.  Zero has changed in the last 30 days.  My Discover is set up for auto pay, so I will never be late (but I pay off any purchase I make that week so it's a non issue).  

I just applied, but got this-- any idea what it means?  Good?  Bad?  

"Thanks for applying.

We need to review your application a little longer.

We'll let you know our decision in writing as soon as we can. If we approve your application, you'll receive your card in the mail in 7-10 business days. Please don't resubmit your application.

Thanks for choosing Chase Freedom® Credit Card"

[Anonymous]

Looks like it could just be verification.  Give them a call and ask if they need anything else to approve your application.

[Anonymous]

---

@Anonymous wrote:

That's good.  Zero has changed in the last 30 days.  My Discover is set up for auto pay, so I will never be late (but I pay off any purchase I make that week so it's a non issue).  

I just applied, but got this-- any idea what it means?  Good?  Bad?  

"Thanks for applying.

We need to review your application a little longer.

We'll let you know our decision in writing as soon as we can. If we approve your application, you'll receive your card in the mail in 7-10 business days. Please don't resubmit your application.

Thanks for choosing Chase Freedom® Credit Card"

---

Give them a call right now if you are less busy and see what is going on.  That is what the credit analysts are for.  Keep us posted on results..

[CreditCuriosity]

As yes-its-me said, give them a call most likely verification if your applied through the pre-qual site.. Scores are well within range.  It will only take 5 minutes total to ask status of application, get transferred to verification etc

Chase: 888-245-0625 (Credit Analyst - Recons)

[tonyjones]

Call Credit Analyst now, tell them you love them and want SL of $10K!