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I've read online, I actually think it was on these forums somewhere, that opening a Chase Checking account helps you get your foot in the door with them? More specifically, I saw someone say "Open a checking account with them and then apply for the freedom in a few months". Does having the checking account really improve chances with their cards?
Perhaps if you apply at your local branch. If they see that you are in good standing and eager to bank with them, they are probably more opt to lean towards your side and helping you get Freedom. If you apply online, I don't think the automated computer really looks at that or cares but the human element makes a difference.
Yes, it helps, or it helped me.
@WallyxD wrote:I've read online, I actually think it was on these forums somewhere, that opening a Chase Checking account helps you get your foot in the door with them? More specifically, I saw someone say "Open a checking account with them and then apply for the freedom in a few months". Does having the checking account really improve chances with their cards?
I guess it's YMMV...I have had one for 3 years and was denied the Freedom in October, 2012. I did not apply at the branch though, just online. Next time I'll do it in the branch.
Chase Checking / Savings 4+ years... Applied online.... DENIED!!
in a way......it can. it may not necessarily be a checking account. it can be a savings, CDO, investments, mortage, auto loan, etc.
as for checkings, savings, CDO, it honestly boils down to how much money you have with them. they do look at your average daily balance and you need to have the account for some time, so it's not like you can deposit 100k, apply for the card on the same day, get approved, and withdraw instantly. It helps, but it's not necessary. And if you're just putting a few hundreds to thousands, it probably won't help.
As for mortage / loans etc, you're basically building relationship with Chase. They're making money out of your mortage / auto loan, and at the same time it also gives them more confidence about giving you a card.
So in general if you ask me..........it's indeed a way to get your foot in the door, but only if the amount you're depositting is adequate. Is it necessary though? Definitely not. The posters above have provided a few examples where they got approved w/o any checkings, and denied when they already have accounts with Chase.
@enharu wrote:in a way......it can. it may not necessarily be a checking account. it can be a savings, CDO, investments, mortage, auto loan, etc.
as for checkings, savings, CDO, it honestly boils down to how much money you have with them. they do look at your average daily balance and you need to have the account for some time, so it's not like you can deposit 100k, apply for the card on the same day, get approved, and withdraw instantly. It helps, but it's not necessary. And if you're just putting a few hundreds to thousands, it probably won't help.
As for mortage / loans etc, you're basically building relationship with Chase. They're making money out of your mortage / auto loan, and at the same time it also gives them more confidence about giving you a card.
So in general if you ask me..........it's indeed a way to get your foot in the door, but only if the amount you're depositting is adequate. Is it necessary though? Definitely not. The posters above have provided a few examples where they got approved w/o any checkings, and denied when they already have accounts with Chase.
Yeah the fact that you said "just putting a few hundreds to thousands, probably won't help", I no longer have interest in opening an account. I don't even make a thousand dollars a month haha. But thank you everyone for your input.