Today , after countless hours reading this forum and re reading and searching and following the advice of the many experts on this forum . Success with Chase !
1) per advice on the forum I went to a Chase Bank and opened a Checking and savings account . I put $100 in each. The banker at Chase said they had to run my credit for the checking account and they use Chexsystems also . Took about 20 minutes . Both Checking and saving approved . Next , the banker asked me " do you want to apply for a Chase Credit Card also ? " I told her maybe later I could do it at home online , She seemed disappointed . I asked if she got credit for doing at the branch . She said yes . She was nice so I did. She put all the info info in and her codes ..etc. i had to electriconically sign and initial . She hit enter and we waited about 2 minutes . Approved Chase Saphire Reserve CL $23,900.
2) I went home and read more Fico forum about 2 apps in a day .(not sure on 2 HP s yet but i will be gardening for the next several months ) I was nervous becuase i had read a few gotchas on this 2 app same day concept. So , I called the Chase Credit card 800 number and asked if it was ok to apply for 2 cards just a few hours apart. The CSR said "yes , perfectly ok , you can have more than one Chase Card." Next , I went online to Marriot Rewards Card site ( really wanted this card ) -- applied and got the 30 day message . 20 minutes later my phone rings and it is Chase . They verified some info , and she said please wait while I submit your app . Put on hold ..music.. about 60 seconds later she returns and says Congrats approved SL $19,100.
Takeaways to help others ---
1) going into the bank helped my approval . Think about it , Chase had a real live person sitting in front of their banker -- not someone unkown behind a computer screen. Someone they could verify before offering a credit line. If you were lending your money would you want to see the person face to face ?
2) applying for another card the same day is ok and not frowned upon by chase.
3) They pulled experian my score was 723
4) AAOA was around 2 years / 24 inquiries last 24 months last late was 44 months ago/ Util 17%
5) Store cards that can only be used at stores and nowhere else dont count towards 5/24 . Personal loans , auto loans, dont count either . if they did i would be at 9/24 . Credit cards only i was at 2/24 .
6) received no preapprovals on Chase preapproval site -- so my experince is that preapproval is a waste of time if your credit is not 100% perfect in all aspects from inq to ultil to any lates ever.
7) earlier in the day was denied for Cli on Discover that i had $206 balance on $7400 Cl that was a 2 year old account- called recon woman was super nice said that were a couple things that i need to cal EQ and ask about. EQ score was 701 .
8) yesterday denied for Citi advantage called recon still denied they pulled EXP ??
9) I truly believe approval is based on way more than your score . Obviuosly, you have to have a good score , but each bank has their own criteria of what they like and what that dont like and no 2 are the same. Its kinda like dating . Not everyone is the right fit for each other. Some people dont mind if you are a social drinker or your a social smoker for others it is an immediate rejection. Some banks dont care if you have alot of inquiries or a late from a few years back for other banks it is an immediate rejection.
10) read , re read , research and listen to the posts and the experts on this forum . it is invaluable. it is like having a personal coach. are they always right no, but 8 of 10 they are, and those are great odds.
Hope this helps !
EX819 1HP|TU797 1HP| EQ(Fico8 BankCard)841
