What are my chances of getting back in with chase now? Be my underwriter please.

[Anonymous]

Begging for some solid advice here, any chase guru's who have a small amount of time to spare check out my info and give me some feedback thanks.

I opted out so i cant see if im preapproved. And it would take months for an opt in to go through. So im begging you guys, any feedback would be great!

Goals- Freedom Sig cl = 5k+ and CSP 6 months after.

Current MYFICO scores

History

Chase Charge off for $2k in 2006, Paid quickly. 

Apped 2 times last year was denied for freedom. Scores were mid 600s with a 100+ day late derog from cap one.

What are my chances now? Current progress.

No derogs(fell off 100+ point score jump), and no negative accounts, comments are CLEAN, nothing negative left on report.

Income 32k, im thinking about including household income for app(good idea?) Would be over 100k.

My payroll checks are deposited into a chase checking account which ive had for 8 years.

11 Year credit history

Total accounts = 7

3 Open

4 closed

Oldest open accounts = Cap one ($5k) and Disc ($10.8k) both 10 months old. Opened July 2014 same day.

Youngest open barclay(3.1k) at 4 months

100% ontime payment 

0 lates 

Inquiries

TU = 4 (last inq 4 months ago)

EQ = 2 (last inq early 2014)

EXP = 5 (2 from chase, last one 11/2014) 

My last chase app was 11/2014, and was denied due to short history, derog, and they brought up charge off. Rep claimed id be okay probably if i didnt have a derog. After 2 recons their advice was to show a little more history with my cap and discover. Both cards were $3k at the time, and had been 4 months old.

Util

1% 

I often charge about $1-2k a month and pay it all off before statement cuts.

Should i give up on getting a chase card or should i try again soon? Id really like to jump in on the freedom's gas quarter so i can rack up some points. And use those points in the future with a CSP. 

Its been a really frustrating experience for me, and i often think about apping to chase daily. I bank with them so its really bothers me i dont have a card with them, and have not been able to because of something i did almost a decade ago. Ive worked so hard to build my credit over the past 2 years. I went from not using my credit cards for years to building my score up over 100 points. 

[FinStar]

My vote would be, just a little bit more time.  If those are the only 3 cards you currently have (with the youngest being less than 6 months old), it's going to be a hard nut to crack given that they can bring up the previous negative experience with them.  Perhaps around the end of July you can try again - no guarantees of course but just to see where you'd stand at that point.  Others will likely chime in with additional guidance.  It's premature at this point (and not really set in stone) but based on recent reports, Chase appears to have tightened their UW grip - again this is just from anecdotal information since Chase is the one that would ultimately make that decision.

[Anonymous]

Thank you. 

I have no problem waiting till after july it does seem like a good plan. 

But i really wanted a freedom for the gas points. This could be a good time for me to earn a ton of points.

Ugh chase freedom pops into my head 2-3 times a day, everytime i spend. I cant take it anymore.

[SecretAzure]

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@Anonymous wrote:

Thank you. 

I have no problem waiting till after july it does seem like a good plan. 

But i really wanted a freedom for the gas points. This could be a good time for me to earn a ton of points.

Ugh chase freedom pops into my head 2-3 times a day, everytime i spend. I cant take it anymore.

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Patience pays in the credit world.

[Pway]

I would give it some more time.  Chase is known to have a long history of not forgiving those who have a c/o or burned them in the past.  They are not one of those forgiving banks as capital one or some others.

[Burned2manybridgesB4]

Took me over fourteen years, but I took them for over $15k, so there obviously was a little spite towards me... lol.

[ddemari]

Took me 10 years to get back in

[taxi818]

Damn. almost as bad as amex. read story where guy burned them 15 to 20 years ago. owed 10k. and now wants back in. they said no way. but i say no way to pay that after all this time. geez.  i wonder if the op went to the pre approval site yet. that would be good indication.

[ddemari]

I think op said they are opted out of prequals. Id def. roll the dice with 700 ficos. Chase remembers me burning them but still opened the door wide open.

[Anonymous]

Chase is a good bank but based on your siggy, you will have plenty of other good banks willing to work with you.  If they say no again, just try to focus on the banks that will work with you and their better products.  

When I was 17 and worked in retail during high school, I never even looked at someone's credit card before I swiped it through the terminal.  Most people are so busy they hardly pay attention to the cards we use to pay with.  Took me a long time to get over that when I first started rebuilding five years ago handing someone a credit one or legacy visa card.  My "coolest cards" are not the Quicksilver or Venture that I hold, but they provide the most benefits to me and I keep my "cool ones" in my safe deposit box.