Chase checking improve relationship?

[Anonymous]

This may be a dumb question, but I know having a 10k savings account MAY help your relationship with chase. Any idea if a regular checking may also? I bank with BoA and have for years(no complaints really) but I don't know that I'll ever get a Boa card, so it might make sense, if it improves the relationship, to open a checking account(and also get one of the 200ish bonuses floating around.

[OmarGB9]

May or may not. I don't think anyone can say for sure.

[Open123]

It's definitely a YMMV may vary thing, but I've found having a wide range of financial products leads to a better experience with Chase.  This isn't to suggest it'll overcome bad credit, but an extended relationship (deposit account, fixed loan, CPC, etc...) will yield better results with their CC portfolio.

[Anonymous]

I can't speak for Chase but I do know that at WF I have seen credit apps (mainly HELOCs and PLOC) denied due to lack of relationship with the bank, which can be from being too new a customer or simply not keeping any/enough money with the bank.

Do keep in my mind that this has NEVER been the sole reason for being declined, usually it will pop up as well if your credit is shaky or you have a high DTI or other negative factors

In all honesty having an account with Chase wouldn't hurt or significantly help your approval chances unless you mismanage your account or you keep a lot of money.

[jsucool76]

I'm sure if you're a borderline approval, banking with chase can help (or hurt) depending on how you manage your accounts. I don't think it's anything that will play a major role unless you're with chase private client, or JPM wealth management.

[Anonymous]

Alright thanks for the info guys. That's about all I needed to know, if there was any clear benefit to putting a checking in with them. I'll be opening one regardless I think(just got a mailer the other day for a $300 checking bonus).

Probably just closing BoA out entirely since I don't see any real benefit to staying with them(despite 5ish years of history). And if there's any chance of getting an in bank prequal I'll take it. I'm sure the super shut down that recently happened to another posted is rare.

[redpat]

Ii keep my banking separate for my credit on the personal side.  All my personal banking is done through a credit union.

On the other hand my Commerical banking and credit line have to be the same banking relationship.

Never had.a problem obtaining credit w/o a banking relationship personally.

[Anonymous]

hmm why wait for an in bank prequal from BoA???

here's a thought, why not take advantage of that 5 yr+ banking relationship with them before closing?!? app for 3 (no annual fee) cards all at the same time/day (going for 1 HP instead of 3) - $200 bonus from the travel card, $200 from a cash reward card (the mlb cash reward recently) and $100/yr bonus from better balance rewards. if you really must close, just close checking and keep savings (keep $300 for no monthly fee) for addt'l $5/qt bonus from bbr for a total of $120/yr. of course, only do it if your profile supports it!!! as always, YMMV!!! but you can always recon and having that 5yr+ banking relationship just might help. meet the requirements/spend and it's an easy $500+ bonus. just a thought! =D

[Anonymous]

Thanks but I cringe at the sight of my aaoa being destroyed by that. My files short enough as is. Not waiting for an In bank prequal for boa, waiting for a prequal from chase to get around 5/24. If it happens, great, if not, it's only about a year left. I just don't really need boa for anything particular, and I don't really feel like they offer me anything I need

[Anonymous]

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@Anonymous wrote:
Thanks but I cringe at the sight of my aaoa being destroyed by that. My files short enough as is. Not waiting for an In bank prequal for boa, waiting for a prequal from chase to get around 5/24. If it happens, great, if not, it's only about a year left. I just don't really need boa for anything particular, and I don't really feel like they offer me anything I need

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oh i thought you were waiting for BoA prequal. i guess i was confused. lolz. don't mind what i said then. =p