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UpUpUp wrote:BumpAnyone else see any auto CLI's from their Chase Freedom? I'm not about to waste a hard on a CLI and have only had my card for 2 months, but I've been pushing over 2x my limit through this card each month with multiple PIF payments as I'm using. I heard they like to see a lot of activity and I like to see a lot of cash back. Just curious if they might reward me for being so loyal to them in a few months.
I agree in your case, that was worth a hard. I think after I purchase my home, I will be less shy about taking an inquiry hit for CLI's. How was your experience with Chase when going through the mortgage process? I'm considering trying with them when I'm ready.
ocheosa wrote:
UpUpUp wrote:BumpAnyone else see any auto CLI's from their Chase Freedom? I'm not about to waste a hard on a CLI and have only had my card for 2 months, but I've been pushing over 2x my limit through this card each month with multiple PIF payments as I'm using. I heard they like to see a lot of activity and I like to see a lot of cash back. Just curious if they might reward me for being so loyal to them in a few months.Chase is a strange animal! I have my mortgage with Chase and they were still cheap with the initial credit line. I applied for a second card after 60 days which they quickly opened with a CL of 10K, I then asked them to increase the first card to match, which they did. Which of course required an additional hard.But since my goal was to work on my credit profile this year, I did not mind having more than the usual amount of inq's on my credit reports. It all paid off!
Message Edited by ocheosa on 08-03-2008 08:39 AM
UpUpUp wrote:I agree in your case, that was worth a hard. I think after I purchase my home, I will be less shy about taking an inquiry hit for CLI's. How was your experience with Chase when going through the mortgage process? I'm considering trying with them when I'm ready.
Excellent. Thanks so much. This was so informative and makes me less intimidated. I lost about 10-15 points from new accounts reporting, but think I'll be back up to the 750-ish mark when I apply. Which sounds close to where you were. Good luck in getting refi'd at a better rate, I hope it goes as seemless as the first!
ocheosa wrote:
UpUpUp wrote:I agree in your case, that was worth a hard. I think after I purchase my home, I will be less shy about taking an inquiry hit for CLI's. How was your experience with Chase when going through the mortgage process? I'm considering trying with them when I'm ready.Hi,My initial mortgage was with Wells Fargo (never again). I refi'd 13 mos later with Chase. The underwriting was a breeze! They had good rates and the process was effortless. I just happen to be one of those crazy people who use a loan officer to handle all the paperwork. I pay a fee but its worth it to me. (Not everyone feels the same.) I'd rather have someone else compiling paperwork and making phone calls. The most important is they pull the credit report and shop it around, instead of me calling 5 different banks to only have 5 inq's to go along with it. I've also heard Chase will refi there customers into better rates when the time comes. I plan to look into it in about 3yrs or so, this is why I wanted to work my credit profile now. Needed additional TL's and a few more yrs with my installment loan (car). My goal in the next 3yrs is to move my profile from Good (mid 700's) to Excellent (790-800+).