@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@M_Smart007 wrote:
@JNA1 wrote:
I logged in to pay my mortgage payment today and I saw a red flag in my message for an prequalified offer for the CFU. The exact verbiage is “Your Offer” “Just for you - Browse offers for you based your relationship with Chase”.
I’ve had my Mortgage with them for almost 18 years, and until the last few years I’ve never had a credit cards.
The thing is I’m at 5/24 (As I understand it - that is the amount of revolving accounts opened in 24 months correct?) I will be 7/24 when AMEX and PNC starts reporting.
Is this a solid offer actually “just for me” or is it just marketing?
Also, I’d like to get in with Chase because they are known as a top tier card company, but I really have no need for the CFU. I’d never use it. However, the Chase Freedom is a goal card of mine. Are Chase’s cards able to be PC’d? Would it be worth calling and talking to a CSR about getting the Freedom instead?
I’ve been fully intending to stay in the garden for the most of this upcoming year, but I won’t lie, a rock solid offer to get the Freedom card could talk me out of it!
If you have a Local Chase branch near you, I would go in and speak to a personal banker.
In branch approvals are about the best you can get!
Also keep in Mind you can PC the FU to the Freedom after 1 year.
Good point.. A face to face app will allow Chase to bend on the 5/24? Face to face is almost always better in any relationship. Back in the day, people wore a suit and tie to the bank when applying for a loan. Might want to get that suit out of the closet and dry cleaned. Just kidding.
Face to face could be the ticket.
Its not about meeting face to face with a personal banker. More importantly, the personal banker can look up your internal account information and inform you if you have "in-branch pre-approvals" for credit products that may not show up in your online account. Those "in-branch pre-approvals" usually override the 5/24 rule whereas the usual online offers for credit cards might not.
That opens up the possibility that those in-branch pre-approvals can be based on in-person impressions. They size you up, and then get back to you with what's available. In person impressions have an impact on so much in life, including whether or not someone gets approval for a loan. Of course credit history, etc counts for a ton, but going to a branch counts for something, including what kind of impression you make.
I wonder what would happen if you apply for a card in person, but act in a very bizarre manner, at 5/24 or 0/24.
I'm not sure where your ideas are coming from but they are definitely not how the process works. The decisions are all driven by Chase's algorithms; the personal banker's opinion or impression does not factor in (not to mention that profiling is illegal under Equal Credit Opportunity Act). Those algorithms look at your activity as a retail banking customer and decide based on that history and your internal Chase risk score (CARS v2), whether you're offered credit products. When you go to the bank, the banker will usually turn their computer screen around and show you the listing of in-branch pre-approvals. These approvals may sometimes coincide with those pre-approvals in your online account, mobile app, or Chase Credit Journey but sometimes they do not which is why its recommended to check in-branch.
So frequency of deposits, amount/size of deposits, a preliminary screen (soft pull) of your credit history, etc. are significant factors. Its the possibility that you're potentially a profitable customer that causes Chase to override the limitation of the 5/24 rule.
Ok, so you are saying there is no point in going to the branch to apply for a card or a loan. It's all algorithms. The same applies to job interviews and dating meetups. No one wants to be accused of profiling, the algorithms are all we need in 2020, so refuse to show up in person. Relationship banking is dead in 2020.
I wish life were that simple, but that's not the way life works even in 2020. There were numerous times where I could not get something done with a bank or other business online or even over the phone that I could get accomplished IN PERSON. Human nature hasn't changed, even with algorithms. As I stated previously, credit history of course weighs in a ton in the decision for credit card approval or loans.
You haven't sufficienly explained why 5/24 is mostly dead when you show up in person. The algorithm should override that.
OP might want to know that, because maybe visiting a branch to ask if the CFU offer could be applied to the CF card, the one OP really wants. Or if its definitely dead in the water due to algorithm restrictions.
