@FutureBillionaire wrote:If I decide to app for the Freedom, what are the ideal conditions? I like 5% everywhere and for everything. I will probably add this card this year.
Chase historically doesn't like high utilization from what most people have anecdotally reported; however, I just don't think you'll have a problem receiving approval for a Freedom - frankly it's a tier (or two) from a credit strata / underwriting perspective below some of the current cards in your signature line.
I had a Chase account go to 150 days late in 2008, and they closed the account. Thankfully, I got to working again before they charged it off. I first applied for a Freedom in late 2010, and was denied. I had been current on the closed Chase account for two years, but I hadn't quite paid the balance off yet. They cited my prior negative history with them in the denial, and when I attempted to recon, they told me to try again once I had paid off the closed account.
I can't remember exactly now, but I think it was a few months later that I finished paying them back in full, so early 2011. Last year, I apped for Freedom again and was instantly approved, and I was recently approved for a CSP as well.
So Chase was willing to do business with me again depsite the closed account once I paid them back.
Starting Score: ~500 (12/01/2008)