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Chase Freedom Approved - 678 FICO 8

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Anonymous
Not applicable

Re: Chase Freedom Approved - 678 FICO 8

Congrats on your new card!

Message 11 of 17
CreditSage
Regular Contributor

Re: Chase Freedom Approved - 678 FICO 8


@CreditSage wrote:

@gdale6 wrote:

Grats on the freedom. If you need to move money over to avoid interest then do it, just keep it below 89% of the cards limit. IMHO payng interest trumps Fico score considerations.


Thanks! You're actually addressing a question before I've thought to post it yet... do you think keeping it below 89% will make a big difference compared to say, 100% (score-wise)? Also, since there is no interest the account cannot go over 100% if I park the balance there, is that correct? This is my first BT. 

 

My NFCU is at 90% and my QS1 53% - - figuring the best way to go about this. If only they approved me for like $20k I would have been much better off Smiley Very Happy


@gdale6 do you think 89% vs. 100% makes a big difference? Can you point me to any articles on this?

Current Open: NFCU AMEX $6,800 CL | Chase Freedom $3,800 CL | QS1 $1,300 CL | BankAmericard $24,000 CL (AU) | NFCU SSL $3,000 |
FICO 8 EXP, EQ, TU: 675-715 (depending on Utl.) | AAoA 3 Years 3 Months | AoYA 0 Months

Closed: American Honda Finance Installment $16,000 paid satisfactorily | Capital One Secured $700 paid satisfactorily | Wells Fargo credit card $3,000 paid charge off settled less than full amount (badie 2015) | Bank of America credit card $1,000 paid charge off settled less than full amount (badie 2015)
Message 12 of 17
sjt
Senior Contributor

Re: Chase Freedom Approved - 678 FICO 8


@CreditSage wrote:

Chase approved me for the Chase Freedom, $3,800 SL! Considering my two charged off badies from 2015 I feel this is pretty good. 

 

I will say, I am dissapointed in the SL. I have $5,800 in relatively high interest debt which I was hoping to transfer. Additionally, I put a lot of thought into making sure the card also had an introductory 0% purchase rate which in the end won't come into play. 

 

After the approved screen showed with my interest rate and SL there was a phone number to call if I had a problem with the SL. I didn't note this (like a dummy) and then clicked the check box acknowledging I understod the terms. Did I screw myself? I have to wait for everything to come in the mail at this point as I skipped the step for all the online access. Any recommendations, let me know. 

 

Should I go for another BT card to cover all my debt? Perhaps discover pre-approval link.


Congrats on the approval.
Instead of finding a BT card, maybe you should look into an installment loan. They tend to have better rates.

American Express: Platinum Charge, Optima, Business Gold, Delta Business Reserve, Business Cash, Business Plus
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture X Visa Infinite
Chase: Freedom U Visa Signature, CSR Visa Infinite
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity Visa Signature
Credit Union: Cash Back Visa Signature
FICO 08: Score decrease between 26-41 points after auto payoff (11.01.21) FICO as of 5.23, EX: 812 / EQ: 825 / TU: 815
Message 13 of 17
Anonymous
Not applicable

Re: Chase Freedom Approved - 678 FICO 8

Congrats on your approval !!!!

 

 

Message 14 of 17
CreditInspired
Community Leader
Super Contributor

Re: Chase Freedom Approved - 678 FICO 8


@CreditSage wrote:

@gdale6 wrote:

Grats on the freedom. If you need to move money over to avoid interest then do it, just keep it below 89% of the cards limit. IMHO payng interest trumps Fico score considerations.


Thanks! You're actually addressing a question before I've thought to post it yet... do you think keeping it below 89% will make a big difference compared to say, 100% (score-wise)? Also, since there is no interest the account cannot go over 100% if I park the balance there, is that correct? This is my first BT. 

 

My NFCU is at 90% and my QS1 53% - - figuring the best way to go about this. If only they approved me for like $20k I would have been much better off Smiley Very Happy


Now that you've brought other pertinent info into the equation, I would be very weary of a 89% BT on a new card, and especially considering it is Chase. IDK, this is spooking me so it may spook Chase. What is your aggregate UT?


|| 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 15 of 17
CreditSage
Regular Contributor

Re: Chase Freedom Approved - 678 FICO 8

20ish percent. I already maxed out the card for BT. Probably pay it off in less than four months. Wait and see what happens.

Current Open: NFCU AMEX $6,800 CL | Chase Freedom $3,800 CL | QS1 $1,300 CL | BankAmericard $24,000 CL (AU) | NFCU SSL $3,000 |
FICO 8 EXP, EQ, TU: 675-715 (depending on Utl.) | AAoA 3 Years 3 Months | AoYA 0 Months

Closed: American Honda Finance Installment $16,000 paid satisfactorily | Capital One Secured $700 paid satisfactorily | Wells Fargo credit card $3,000 paid charge off settled less than full amount (badie 2015) | Bank of America credit card $1,000 paid charge off settled less than full amount (badie 2015)
Message 16 of 17
gjean78
Regular Contributor

Re: Chase Freedom Approved - 678 FICO 8

congratulation on your approval! keep it going


Message 17 of 17
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