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chase "prequal" a denial

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vtskier
Valued Member

chase "prequal" a denial

I went to the site that shows offers for current customers. Filled in income and phone for the freedom and was declined. Will see what the letter says. My relationship with them was an auto loan through subaru auto finance that was paid off last May so maybe it's only prequal if you have an existing open account with them. Back to the garden.

Message 1 of 8
7 REPLIES 7
Anonymous
Not applicable

Re: chase "prequal" a denial


@vtskier wrote:

I went to the site that shows offers for current customers. Filled in income and phone for the freedom and was declined. Will see what the letter says. My relationship with them was an auto loan through subaru auto finance that was paid off last May so maybe it's only prequal if you have an existing open account with them. Back to the garden.


Did the offer have a green checkmark?  Did it have a APR range or a solid APR?  If you are preapproved, it will say it.

Message 2 of 8
Anonymous
Not applicable

Re: chase "prequal" a denial

Sorry about the denial.

 

If you want, you could actually try and do a recon on Monday either via phone or secure message.  No guarantees but at least worth a shot

Message 3 of 8
Citylights18
Valued Contributor

Re: chase "prequal" a denial

Chase it seems is tighting up standards for new applicants across their product line.

 

Recently they announced for any new mortgages it requires a FICO of 700 and 20% down. From a few of the CC apps I see on here it sounds like they've also tightened up on credit card approvals.

 

This is why you constantly need to be working on trying to upgrading your credit profile so you have it before a crisis hits. Always maintain and update a strategic plan for goal cards. Assume they could request a verification of income and plan accoringly.

Official travel point totals as of 10/21/24 (1,358,177 Total Points)
Chase Ultimate Rewards 696,884 | IHG One Rewards 144,957 | Hilton Honors 144,521 | AMEX Membership Rewards 102,729 | World of Hyatt 76,095 | Marriott Bonvoy 65,343 | Citi Thank You 38,153 | Choice Rewards 32,460 | United MileagePlus 13,316 | British Airways Avios 12,333 | Jet Blue TrueBlue 11,780 | Wells Fargo Rewards 2,858 | Southwest Rapid Rewards 2,447 | NASA Platinum Rewards 1,883 | AA Advantage 1,744 | Navy Federal Rewards 1,087 | Delta Sky Miles 175 | Virgin Atlantic Virgin Points 100 | Lowes Business Rewards 7,102 ($71.02) | Amazon Rewards 2,200 ($4.75) | Discover CB 10 ($0.10)
Message 4 of 8
Meanmchine
Super Contributor

Re: chase "prequal" a denial

All my just for you pre-selecteds have poofed. I think Chase is tightening up with those on the edges

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>7/2025 All 3 reports 830 - 845(F8) F9s = all 850 but my app finger is still twitching
Message 5 of 8
vtskier
Valued Member

Re: chase "prequal" a denial

To make matters worse i just realized they pulled tu and ex. Oh well!

Message 6 of 8
AllZero
Mega Contributor

Re: chase "prequal" a denial

That is unfortunate. Good luck on your recon. May the odds be ever in you favor!

Message 7 of 8
CreditInspired
Super Contributor

Re: chase "prequal" a denial


@Anonymous wrote:

Sorry about the denial.

 

If you want, you could actually try and do a recon on Monday either via phone or secure message.  No guarantees but at least worth a shot


However, be aware that a recon can cost you another HP. 


|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macys $24.2K || NFCU CLOC $15K || NFCU Platinum $15K || CitiCostco $12.7K || Chase FU $12.7K || Apple Card $7K || BOA CashRewards $6K
Message 8 of 8
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