Helped family member get Chase Freedom!

[Anonymous]

There is a thread I started a few weeks ago in the Applications sub-forum about helping a family member establish credit history. He settled on applying for the Chase Freedom. It took exactly 22 days for approval after going through the verification process with Chase. Chase was unable to match his SSN with his name. It all worked out in the end.

SL: $6,100.00
APR after intro period: 22.99%

Below are his current DP.

Auto loan: Joint; Paid 64% of the original amount
Discover: $5/$5,800
Amex BCE: $0/$18,000
TU FICO 8: 790
EX FICO 8: 776
CK TU: 754
CK EQ: 754
INQ: TU - 0; EQ - 2; EX - 0 (last 12 months)
AoOA: 1 year 10 months (Discover)
AoYA: 1 year 1 month (AMEX BCE)
AAoA: 1 year 7 months
Revolving utilization: less than 1%
Missed payments: 0
Derogs/Collections: 0
5/24 Rule: 2/24 (not including auto loan)

[pinkandgrey]

Congrats to the family member! Ah, that crazy Chase. 

[AverageJoesCredit]

Wow, somehow someone with a car loan, an 18k Amex and a 6k Discover doesnt seem like they need help with their credit. Congrats

[Anonymous]

Congrats on approval !!!!

[Anonymous]

Thank you everyone!

@AJC Those accounts all had small beginnings. Discover SL at $1,500 and AMEX at $2,000. I've helped my family members implement all the things I've learned from this forum, such as applying the AZEO method before applying for credit/loan and have at least 1 installment and 3 revolving credit cards to maximize credit score. In this case, I helped him acquire his third revolving credit card to maximize his credit score.

[Anonymous]

🎉🎊🍾🎈Congratulations!!! 🎈🍾🎊🎉

[AverageJoesCredit]

Well youve done a great job. 3 quality cards. Its not always easy getting ones Amex limit to 18k if you dont have sufficient income and even then. Hope family member is grateful

[19eighty5]

Congratulations!