Want to get new card but can’t get balance updated

[Anonymous]

Hi all,

I want to apply for the Chase Freedom card and i tried to see if Amex would do a mid cycle update for my balance and the regular customer service people can’t do it. I will see if there credit debt can on Monday but if they don’t how can I show chase my balance isn’t what they are pulling from my report? My Amex is like 28% right now on my credit report and I just paid it down to 5% but it won’t show that till statement closes if I can’t get them to update it mid cycle. Thanks!

[Anonymous]

Amex doesn't do mid-cycle reporting on request like Discover or Chase when you pay balance down to $0, is there a reason why you can't wait for Amex statement cut to apply for the Freedom?

[Anonymous]

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@Anonymous wrote:
Hi all,

I want to apply for the Chase Freedom card and i tried to see if Amex would do a mid cycle update for my balance and the regular customer service people can’t do it. I will see if there credit debt can on Monday but if they don’t how can I show chase my balance isn’t what they are pulling from my report? My Amex is like 28% right now on my credit report and I just paid it down to 5% but it won’t show that till statement closes if I can’t get them to update it mid cycle. Thanks!

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American Express does not do mid-cycle reporting.  The most they will do is send you a zero-balance letter but that's no use to you since it doesn't affect your credit report.  You will just have to wait until your Amex card reports and updates with the CRAs.

Incidentally, your signature states your AAoA as 9 months.  If that is accurate you may have some difficulty being approved for a Chase card.

[Anonymous]

I want to get it because I need to buy a laptop and I would get $150 bonus. My total credit history is now 10 months. Just had a friend get approved with chase with 11 months and like 7 inquiries. I have two inquiries.

[Anonymous]

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@Anonymous wrote:
I want to get it because I need to buy a laptop and I would get $150 bonus. My total credit history is now 10 months. Just had a friend get approved with chase with 11 months and like 7 inquiries. I have two inquiries.

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Well if you feel you absolutely must have the Freedom card now go ahead and apply.  A 28% utilization is not excessive and would not prevent Chase from approving you.

Do you have a pre-approval from Chase or would this be a cold app?

[Anonymous]

OP—Can you possibly wait 15-30 days on your computer? That’ll give you another month AAoA and Amex time to update. Believe me, I understand impatience, but in the credit world, patience is VERY often the key to success!

[Anonymous]

Maybe try the new Amex 1.5% back?

[Anonymous]

I wish I could wait but I’ve waited as long as I could

[Meanmchine]

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@Anonymous wrote:
I wish I could wait but I’ve waited as long as I could

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Then wait some more