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Chase Freedom Approved - 678 FICO 8

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Re: Chase Freedom Approved - 678 FICO 8

Congrats on your new card!






Message 11 of 17
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
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
Barclays: Arrival+ WEMC
Capital One: Savor WMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (9.3.19) EX: 824 / EQ: 834 / TU: 832
Message 13 of 17
Senior Contributor

Re: Chase Freedom Approved - 678 FICO 8

Congrats on your approval !!!!

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 14 of 17
Community Leader
Senior 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?

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 15 of 17
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
Contributor

Re: Chase Freedom Approved - 678 FICO 8

congratulation on your approval! keep it going





NFCU Flagship Rewards: $15000
NFCU Cash Rewards: $20000
Discover It: $2000
My Jewelers Club: $5000
NFCU Auto Loan: $14300
NFCU line of credit: $500
Total TLs: $42500
Message 17 of 17
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