Chase Freedom

[Anonymous]

the ex chase pulled for my freedom (2500 limit) was 702

where did people get the idea that having a checking or savings account with a big 4 bank helps you get credit card approval?

why would having money with them theoretically make you a better credit risk if they dont find your credit history satisfactory

[Anonymous]

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@Anonymous wrote:

the ex chase pulled for my freedom (2500 limit) was 702

where did people get the idea that having a checking or savings account with a big 4 bank helps you get credit card approval?

why would having money with them theoretically make you a better credit risk if they dont find your credit history satisfactory

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I agree, having a bank account doesn't demonstrate the use of credit. However, you may argue for the "relationship" thing.

I find the Chase Freedom easy to get with FICO of 700. I don't understand/share frustration from discernment and rootpooty. If you have a credit card (secured or crap1) for like 2 years with perfect payment and no degro items, you'll probably get a Chase Freedom. I mean it's the best card out there in terms of cash back, and customer service is great (I got the card for only 2 months, and I've always got what I ask for)

[Anonymous]

why would you think you can have a relationship with an enormous conglomerate bank i guess was my question

[haulingthescoreup]

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@Anonymous wrote:

why would you think you can have a relationship with an enormous conglomerate bank i guess was my question

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It's not so much that Chase (or anyone else) would have warm fuzzies for you because you have a checking account with them.

It's more that this is one method that banks often use to bring in new customers: there can be (certainly isn't always) preferential treatment for established customers --special offers, different rates, and so forth.

For instance USAA, which IMO is miles above any other financial institution in terms of customer service, will flat-out tell you that the longer you've been with them, the more stuff they'll offer you. Alas, not many other lenders are like this anymore.

[rootpooty]

Because like credit unions they can monitor your income and how you handle your money. My score isn't perfect mid to low 600's with the only baddies on my record being 3 medical bills. I have what I consider a good amount of savings with them. What's crazy is bofa took my business pretty quick. Im fairly new to credit being I've been paying everything in cash for the past 10 years so im still learning as I go

[Anonymous]

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@haulingthescoreup wrote:

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@Anonymous wrote:

why would you think you can have a relationship with an enormous conglomerate bank i guess was my question

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It's not so much that Chase (or anyone else) would have warm fuzzies for you because you have a checking account with them.

It's more that this is one method that banks often use to bring in new customers: there can be (certainly isn't always) preferential treatment for established customers --special offers, different rates, and so forth.

For instance USAA, which IMO is miles above any other financial institution in terms of customer service, will flat-out tell you that the longer you've been with them, the more stuff they'll offer you. Alas, not many other lenders are like this anymore.

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Thank you Hauling, that is exactly what I meant. 

[RockinRay]

I have the Freedom card. I do not use it very much... It has a fairly high interest rate so SD for now.

As far as banks go, USAA FSB and PenFed FCU to us are miles ahead of the others. You are treated with respect when you call them, and they do make you feel like they appreciate your business. I can tell you that both have "grown" with us very well.

We used to have checking with US Bank. Always went to a local branch, but never had success establishing a relationship with one of their bankers. Or, if we founf someone we liked to deal with, that person would move on... And, I did not find them too friendly to deal with.

Since you are setup with USAA, consider moving all of your business to them now. Why wait? Establish a track record with them and they will be very good to you.

We moved our business from San Antonio Credit Union to USAA FSB when they first opened and have never looked back.

JMO - for what it is worth... 

Ray