I've had a slow burn app spree since October in which I've been approved for (in order) Chase FU ($8k SL) --> Capital One SavorOne ($8K) --> Ducks Unlimited ($4.5k). Prior to this spree I hadn't apped for any cards in several years, so that puts me at 3/24. Income mid-five figures.
I still want to do the Chase Freedom, but after reading so many horror stories about Chase shuttering accounts, I know it's best to wait a while. So far I am thinking about applying in February, and I imagine that any SL I could get with that card would be on the lower end because of Chase's tendency not to extend credit lines beyond 50% of one's income (already have an Amazon Sig Visa that cuts into that).
Anyway, does that strategy make sense? Second post; appreciate the assistance, y'all!
If you can wait til May I believe it would be best but if you can wait it out
Well, I was a bit trigger happy on the apps and applied for the Freedom about one month after my Ducks Unlimited approval. I was initially put down after I didn't get an instant approval - that's the first time that's ever happened to me!
*But,* I logged into my Chase account today and suddenly saw a Freedom card on my list of products! I guess I must have been approved by an actual person? Low limit at ~$2.5k, but I anticipated that given the higher limits of my other two Chase cards. It looks like I don't have the sign up bonus, so I guess I am precluded from that given I reached it on the Freedom Unlimited?
I think the reason I was able to get approved is because Chase in general has been my primary bank for almost a decade now. As of now I don't have any plans to complete the trifecta yet but I wanted to have the first two cards in case I ever get the urge to do so.
That said, I am done with apps for at least the next 6 mos. - a year. Since October, I've been approved for the Chase FU, the CapOne SavorOne, the Ducks Unlimited Visa, and now the Freedom. Time to garden.