Chase Prequalify Tool Question

[jcooks]

3 cards in 4 months with an otherwise very thin profile, Chase might not like that.  I would suggest, give it some time for the accounts to grow before applying.  

[wildboys]

---

@Remedios wrote:

@wildboys  if I read your nfcu approval post correctly, without AU account (chase will strip that one during application process) your oldest account is not even 4 months "old", correct?

Also, that implies you have 3 accounts under 4 months, is that also correct? 

---

My oldest Primary account is 7 months old.My reports states my AU account was open in 2002 on all three bureaus.If all 3 bureaus report the AU was open in 2002, doesn't chase see the same thing when it looks at my report? My reports says AAOA as 4 years.

[jcooks]

If I'm not mistaken, most lenders discount any AU as part of their evaluation when reviewing.

[Anonymous]

---

@wildboys wrote:

---

@Remedios wrote:

@wildboys  if I read your nfcu approval post correctly, without AU account (chase will strip that one during application process) your oldest account is not even 4 months "old", correct?

Also, that implies you have 3 accounts under 4 months, is that also correct? 

---

My oldest Primary account is 7 months old.My reports states my AU account was open in 2002 on all three bureaus.If all 3 bureaus report the AU was open in 2002, doesn't chase see the same thing when it looks at my report? My reports says AAOA as 4 years.

---

Chase wants 12 months of personal history before they will approve usually. 

[Remedios]

---

@wildboys wrote:

---

@Remedios wrote:

@wildboys  if I read your nfcu approval post correctly, without AU account (chase will strip that one during application process) your oldest account is not even 4 months "old", correct?

Also, that implies you have 3 accounts under 4 months, is that also correct? 

---

My oldest Primary account is 7 months old.My reports states my AU account was open in 2002 on all three bureaus.If all 3 bureaus report the AU was open in 2002, doesn't chase see the same thing when it looks at my report? My reports says AAOA as 4 years.

---

They do see it but they see someone else's payment history, so their algorithm strips it, so your profile and your payment history can be evaluated on its own merit. 

AU accounts artificially inflate age of your credit, increasing the score in the process over something you had nothing to do with. That's why a lot of lenders will ignore them, Chase being one of them.  

You can try of course, it would be interesting data point either way. 

[wildboys]

---

@Remedios wrote:

---

@wildboys wrote:

---

@Remedios wrote:

@wildboys  if I read your nfcu approval post correctly, without AU account (chase will strip that one during application process) your oldest account is not even 4 months "old", correct?

Also, that implies you have 3 accounts under 4 months, is that also correct? 

---

My oldest Primary account is 7 months old.My reports states my AU account was open in 2002 on all three bureaus.If all 3 bureaus report the AU was open in 2002, doesn't chase see the same thing when it looks at my report? My reports says AAOA as 4 years.

---

They do see it but they see someone else's payment history, so their algorithm strips it, so your profile and your payment history can be evaluated on its own merit. 

AU accounts artificially inflate age of your credit, increasing the score in the process over something you had nothing to do with. That's why a lot of lenders will ignore them, Chase being one of them.  

You can try of course, it would be interesting data point either way. 

---

I was interested because of the 5/24 rule. Since I already have 3 other cards, I have almost reached it before I apply for one of their products. I think Iwill just garden for now.