How accurate is the Chase Prequalifier tool?

[Anonymous]

I did the Chase prequalify and got :Here are your offers with showing the Freedom card and Slate card.Does anyone have any experience with accuracy with this company? I know that Capital One does the "Congrats you are qualified etc." and its pretty spot on.Just dont want to do an app for a marketing angle.Thanks!

[Anonymous]

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@Anonymous wrote:

I did the Chase prequalify and got :Here are your offers with showing the Freedom card and Slate card.Does anyone have any experience with accuracy with this company? I know that Capital One does the "Congrats you are qualified etc." and its pretty spot on.Just dont want to do an app for a marketing angle.Thanks!

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It's fairly accurate but always keep in mind people that apply, even though 'preapproved', can and do get declined.

[Jerry45]

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@Anonymous wrote:

I did the Chase prequalify and got :Here are your offers with showing the Freedom card and Slate card.Does anyone have any experience with accuracy with this company? I know that Capital One does the "Congrats you are qualified etc." and its pretty spot on.Just dont want to do an app for a marketing angle.Thanks!

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Chase is pretty solid, at least it was for me last Fall. There has been some chatter lately, that Chase has become more sensitive about Hard Inq"s. Do you have a lot of Hard Pulls at TU or EX?

Also they are cracking down, I think, on Churn and Burners. People who have already have cards at Chase, they go for the spending bonuses, and then stop using the cards later.

[Jerry45]

Irish, sorry to be off topic, but I noticed you have the British Airways card. I go to London at least once a year, how has it worked out for you on Miles?

[Anonymous]

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@Jerry45 wrote:

Irish, sorry to be off topic, but I noticed you have the British Airways card. I go to London at least once a year, how has it worked out for you on Miles?

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It's been great so far.  I haven't booked any flights with it yet but love the 50,000 Avios.  Going to put some more use on it.  

[kdm31091]

As with any prequalifier it's not 100%. It means you have a decent chance. Instead of going by what you're prequalified for, app for what you actually want. If declined you can adress the reasons and try again later.

[Jerry45]

Thanks Irish

[Anonymous]

Jerry45.....According to my Capital credit tracker I have 3 inquirys I think but I have no cards by Chase.

[Jerry45]

Cool. I can only give you my experience with Chase. I was pre qualified for the Freedom last Fall, many of the good people here said it was solid, so I apped, and was approved for 6k.

1. They pulled TU and EX. I live in the Midwest

2. At the Time, Had 2 HP's at Chase, 1 At EX.

3. Around 715 or so TU FICO.

4. No baddies, but a thin history, oldest card just over a year, 4 Credit lines total.

What I think really helped, is getting a big Comenity Card CL, the month before with a 7k line. sometimes you have to roll the dice, and chase is a preety good craps table.

Good Luck, Hope this helps.

[Jerry45]

Correction. 2 HP's at TU, not Chase.

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@Jerry45 wrote:

Cool. I can only give you my experience with Chase. I was pre qualified for the Freedom last Fall, many of the good people here said it was solid, so I apped, and was approved for 6k.

1. They pulled TU and EX. I live in the Midwest

2. At the Time, Had 2 HP's at Chase, 1 At EX.

3. Around 715 or so TU FICO.

4. No baddies, but a thin history, oldest card just over a year, 4 Credit lines total.

What I think really helped, is getting a big Comenity Card CL, the month before with a 7k line. sometimes you have to roll the dice, and chase is a preety good craps table.

Good Luck, Hope this helps.

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Correction. 2 HP's at TU, not Chase