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@AverageJoesCredit wrote:
Lol, UncleB, i almost called this a FOTM card only because it seemed a flood was about to open but this just isnt true. Amazon has a huge following whether you have the Sync card or the Chase. This is just a natural improvement over the previous version. Its bound to have many takers only real question whats your favorite flavor......of Amazon
I couldn't agree more!
I think there will be a general 'rush' for a while, then it will slow down somewhat but being what it is it won't ever 'go away'... there's always been value in an Amazon card, and now there's even more - it will always "draw a crowd".
@UncleB wrote:Hello friends!
I almost didn't post this, but I changed my mind since I feel the data points might be useful to somebody. After this I'm done - seriously - and I admit that this approval indicates a need to be done as well.
With that said, I went for the Amazon Prime Visa and was approved for $500, APR 14.74%.
I know, the SL is a bit humorous, but my EQ is down a bit due to inquiries (to be expected) so a low SL wasn't totally unexpected, although I admit I was hoping for a bit better. Since my installment loans have stopped reporting on EQ - which is what Chase pulled - my EQ is down quite a bit from the other two anyway, and now with the recent new accounts/inquiries it's just piled on. (Chase might have pulled EX as well, but I don't have a way to check for a few more days).
But all is not lost... I have an Chase IHG MasterCard that was my stepping stone back into Chase, and the credit line on it is $9k. Since it goes virtually unused I plan to move a significant part of its credit line to the Amazon Visa, so I'll end up where I wanted to be, anyway, and with a good APR.
So here are my data points: EQ is in the 690s (EX is 765, TU is 792) - all FICO 8 scores. EQ has been around 30-40 points lower than the other two for a while, but the HPs and new accounts have made an impact. Total HPs on EQ is nine, including the one done today. Also, as I've mentioned before my income is modest, so that's likely holding me back as well. (My USAA Limitless approval was also based on EQ, and it also reflected the lower EQ score.)
It's notable that while my IHG had to go to review, today the Amazon Visa was instantly approved, so perhaps that's a good sign (I had an old CO account with WAMU/Chase from years ago that I suspected would make all future apps go to manual review). Oddly, had this app gone to review I might have gotten a better SL, but that's OK... I got my foot in the door and I can move over as much CL as I need.
I'm tempted to wait it out, though, and use the card hard for a few months to see if they will give me an auto-CLI, but if they gave me $300 (or similar) the weird number would drive me crazy so perhaps that's not the best idea after all...LOL.
Again, this post/thread is really intended to provide data points to others who might be on the 'cusp' as I was... it's not quite a 'celebration', although I am happy to be approved. (Please be gentle...)
Thanks!
Congrats!
Im surprised with the SL, Have you tried to recon for a higher line.
Im wondering if they have different approval criteria with some of their co-branded cards.
I just saw that the cards are Visa Siggy and there is no FTF!
Awesome way to go! I was just reading the reviews on this card and I am considering it, I am gardening so it's a tough choice. That is what I like about Chase, they they make it so easy to move limits around. On a related note, did you get a pop up for the Amex installment loan?
@sjt wrote:
@UncleB wrote:Hello friends!
I almost didn't post this, but I changed my mind since I feel the data points might be useful to somebody. After this I'm done - seriously - and I admit that this approval indicates a need to be done as well.
With that said, I went for the Amazon Prime Visa and was approved for $500, APR 14.74%.
I know, the SL is a bit humorous, but my EQ is down a bit due to inquiries (to be expected) so a low SL wasn't totally unexpected, although I admit I was hoping for a bit better. Since my installment loans have stopped reporting on EQ - which is what Chase pulled - my EQ is down quite a bit from the other two anyway, and now with the recent new accounts/inquiries it's just piled on. (Chase might have pulled EX as well, but I don't have a way to check for a few more days).
But all is not lost... I have an Chase IHG MasterCard that was my stepping stone back into Chase, and the credit line on it is $9k. Since it goes virtually unused I plan to move a significant part of its credit line to the Amazon Visa, so I'll end up where I wanted to be, anyway, and with a good APR.
So here are my data points: EQ is in the 690s (EX is 765, TU is 792) - all FICO 8 scores. EQ has been around 30-40 points lower than the other two for a while, but the HPs and new accounts have made an impact. Total HPs on EQ is nine, including the one done today. Also, as I've mentioned before my income is modest, so that's likely holding me back as well. (My USAA Limitless approval was also based on EQ, and it also reflected the lower EQ score.)
It's notable that while my IHG had to go to review, today the Amazon Visa was instantly approved, so perhaps that's a good sign (I had an old CO account with WAMU/Chase from years ago that I suspected would make all future apps go to manual review). Oddly, had this app gone to review I might have gotten a better SL, but that's OK... I got my foot in the door and I can move over as much CL as I need.
I'm tempted to wait it out, though, and use the card hard for a few months to see if they will give me an auto-CLI, but if they gave me $300 (or similar) the weird number would drive me crazy so perhaps that's not the best idea after all...LOL.
Again, this post/thread is really intended to provide data points to others who might be on the 'cusp' as I was... it's not quite a 'celebration', although I am happy to be approved. (Please be gentle...)
Thanks!
Congrats!
Im surprised with the SL, Have you tried to recon for a higher line.
Im wondering if they have different approval criteria with some of their co-branded cards.
Thanks so much!
I'm not going to bother with a recon... I have an IHG with $9k that hasn't been used in months... this is the perfect opportunity to put some of that credit line to good use!
I think in this case my EQ taking a dip is what caused the problem... no worries, though... it got me where I was needing to go!
Thanks again!