Hello everyone! I have been thinking that I really wanted an Amazon Visa for a long time. I buy regularly from the website and that 5% cash back makes it a no brainer. But I am aware of Chase's BK aversion and I'm only 5 years post BK (Ch7). I also saw somewhere that AMEX was going to be Amazon's new card servicer and since I burned them in BK I figured I had better get on board with Chase ASAP since my understanding is that AMEX doesn't forget or forgive.
I did my research. I had the recon number ready: I had rehearsed my recon pitch. I had my reference documents organized. I pulled the trigger fully expecting a denial and a stressful recon call to Chase.
To my great surprise, it was an instant approval for the standard $5,000 initial limit. Whether that will get upped later, I do not know. The rate is 22.24%. I was credited with the $100 gift card SUB and my new Visa has been made my primary payment method on Amazon.
Profile and application information:
My FICO 8 (Exp) was 700 as of yesterday. I used $85,000 for my gross income number. I have about $25,000 in available revolving credit and I maintain a utilization in the 1-3% area. I have a mortgage, a vehicle loan that was paid off in August (but hasn't reported that yet), 5 revolving accounts and an overdraft LoC. My oldest account (closed) is AMEX at 32 years. My average age of open accounts is little over 5 years (I carried two positive accounts through BK). I did have a Chase card from 1996 to about 2006 with no negatives on it. Whether they know or care about that, I don't know. But they are all about relationships, right?
I have one account with a derogatory status (Amex IIB) and one Public Record (Ch7 BK) on my credit report. No other negatives.
Now, whether I'll get a boosted limit or retroactive denial once they review what they did, I don't know. But I am hopeful that I have added a card I can make good use of.
"Also as far as I know it hasnt been determined if Amazon Visa is even leaving chasing let along going to AMEX on their non business side. Chase very well can keep the profile with new terms. "
@CreditCuriosity It was something I saw and it effected my decision making process, so I thought I'd mention it. Hopefully, the detail I included will help someone who's trying to decide whether to pull the trigger.
Congrats on the Chase Amazon instant approval despite BK reporting!
As far as it being a new or different Chase policy or just an outlier, I guess we won't know for certain until we see a lot of these in the approval section.
@Have1 wrote:Hello everyone! I have been thinking that I really wanted an Amazon Visa for a long time. I buy regularly from the website and that 5% cash back makes it a no brainer. But I am aware of Chase's BK aversion and I'm only 5 years post BK (Ch7). I also saw somewhere that AMEX was going to be Amazon's new card servicer and since I burned them in BK I figured I had better get on board with Chase ASAP since my understanding is that AMEX doesn't forget or forgive.
I did my research. I had the recon number ready: I had rehearsed my recon pitch. I had my reference documents organized. I pulled the trigger fully expecting a denial and a stressful recon call to Chase.
To my great surprise, it was an instant approval for the standard $5,000 initial limit. Whether that will get upped later, I do not know. The rate is 22.24%. I was credited with the $100 gift card SUB and my new Visa has been made my primary payment method on Amazon.
Profile and application information:
My FICO 8 (Exp) was 700 as of yesterday. I used $85,000 for my gross income number. I have about $25,000 in available revolving credit and I maintain a utilization in the 1-3% area. I have a mortgage, a vehicle loan that was paid off in August (but hasn't reported that yet), 5 revolving accounts and an overdraft LoC. My oldest account (closed) is AMEX at 32 years. My average age of open accounts is little over 5 years (I carried two positive accounts through BK). I did have a Chase card from 1996 to about 2006 with no negatives on it. Whether they know or care about that, I don't know. But they are all about relationships, right?
I have one account with a derogatory status (Amex IIB) and one Public Record (Ch7 BK) on my credit report. No other negatives.
Now, whether I'll get a boosted limit or retroactive denial once they review what they did, I don't know. But I am hopeful that I have added a card I can make good use of.
Congratulations. It's a good card. Enjoy it.
