Chase App, Do they HP immediately even if its 7-10 day message etc?

[Anonymous]

Im planning an App spree and a lot of people get a 7-10 or 30 day review message from CHASE.  Will they pull credit scores ASAP?  Or will it be within those time periods "30 day" at some point? 

I want to app for a few other cards within a few days of it, but dont want to app for Chase> app for others> chase sees new app's & approvals (wishful thinking) > denies Chase card

Any Advice/Experience?

[Anonymous]

IME and from tons of reading it’s immediately. I’d wait until they render their first decision. If you are approved for the 1st card you can get your login and see if they have a prequal for the card you covet.

If you are declined I might re-evaluate that second app.

[Anonymous]

Please evaluate just how important the other applications are.

If Chase approves your application Chase will be doing periodic soft pulls.

If Chase does not like what it sees in those soft pulls, even if the application is initially approved, Chase still may close the account.

Potentially even before you receive the card.

[Remedios]

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@Anonymous wrote:

Im planning an App spree and a lot of people get a 7-10 or 30 day review message from CHASE.  Will they pull credit scores ASAP?  Or will it be within those time periods "30 day" at some point? 

I want to app for a few other cards within a few days of it, but dont want to app for Chase> app for others> chase sees new app's & approvals (wishful thinking) > denies Chase card

Any Advice/Experience?

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App spree and Chase in the same sentence should be followed by *LOL*

To answer your question, your CR will be pulled immediately, however, Chase frequently does a SP after approval 

I had SPs on EX and EQ  three weeks after approval. 

My personal belief is that app sprees are simply ill advised in general. 

Good luck

[NRB525]

App Sprees are a bad idea, they are so 2015.

All banks with any interesting cards are clamping down on this sort of activity, there are many more risks with sprees these days.

Take your time and really think through each app you want to do.

[Anonymous]

will inq's for business cards flag them to close it post-approval as well or just new accounts poppin up?

[Anonymous]

If more than N inquiries appear rapidly Chase could become concerned.

Plot twist: we have no idea what N is.

There are 2 dimensions to hard pulls to consider: the incrementing of the number of hard pulls and also however many points the pull decrements your score.

Chase and Barclays are 2 conservative lenders that are easily frightened.

For many people in the U.S., Barclays is less of a concern.

However, If Chase closes you down, you lose access to many cobranded cards.

If someone is a long-time Amex account holder who has not hit maximum revolvers or maximum credit exposure, he or she can likely apply for a small business card with neither a hard pull nor a new account showing up on profile. I believe that I count 5 revolvers in your profile so you are likely maxed for Amex at the moment.

For small business accounts be sure to research whether that issuer reports to personal credit.

In the current environment I would be highly judicious when seeking new credit.

I am not saying never apply for new credit but I would avoid anything that could be called a spree.

[kdm31091]

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@NRB525 wrote:

App Sprees are a bad idea, they are so 2015.

All banks with any interesting cards are clamping down on this sort of activity, there are many more risks with sprees these days.

Take your time and really think through each app you want to do.

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This exactly. In this day and age it's much more important to plan your apps carefully and space them out.

[Anonymous]

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@kdm31091 wrote:

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@NRB525 wrote:

App Sprees are a bad idea, they are so 2015.

All banks with any interesting cards are clamping down on this sort of activity, there are many more risks with sprees these days.

Take your time and really think through each app you want to do.

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This exactly. In this day and age it's much more important to plan your apps carefully and space them out.

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I think "spree" is the wrong verbiage.  I disappeared from here back in end of 2015/beginning 2016 lol.  Seems like as one mentioned its no longer a thing since about that time lol  

Im ready to take on some new personal credit lines and want to ensure I dont mess up and get things closed.  BofA closed down a few cards after I just got CLI's because I opened new accounts and closed out some low level stuff.  

I plan to get a CSP/CSR and a CIP on the business end.  That would still (if approved) put me at only 2/24.  That way I can add another Ink Business card after 30days(?) and then add the PenFed to personal as Ive been meaning to since I joined them in 2014/2015 and havent yet.

[Anonymous]

IME they're not too constricting about you doing app sprees if you have established history with them. I opened like 14 cards in 12 months including 3 chase cards but they never closed any of them. All they did was not approve my last app (Amazon visa), which would have been a 4th chase card. But before all of that I'd had a Chase card for 5 years.