Odds of Approval for Chase Freedom

[Anonymous]

Hello Everyone,

I just started building my credit about a year ago. I only have two credits cards so far (One from Discover 800$ limit) and from Victoria Secret (450$ limit). I have no negative information on my credit report.

I recently recieved a pre-approval offer from Chase for their freedom Card. What are the odds that I might get approved?

PS. I'm still in college and living with my parents (no rent) and have a 8,000$ annual income

[myjourney]

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@Anonymous wrote:

Hello Everyone,

I just started building my credit about a year ago. I only have two credits cards so far (One from Discover 800$ limit) and from Victoria Secret (450$ limit). I have no negative information on my credit report.

I recently recieved a pre-approval offer from Chase for their freedom Card. What are the odds that I might get approved?

PS. I'm still in college and living with my parents (no rent) and have a 8,000$ annual income

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Welcome to the forum

How long have you had each card?

How many INQ's in the last year?

Any other TL's SL, car etc etc?

[Anonymous]

I had the discover since September 2012 and got the VS in February 2013. I have a total of 5 inquiries on my report for the last year

I have no other loans/ mortgage/ credit card to my name.

[myjourney]

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@Anonymous wrote:

I had the discover since September 2012 and got the VS in February 2013. I have a total of 5 inquiries on my report for the last year

I have no other loans/ mortgage/ credit card to my name.

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As far as Chase they like to see a year of CC history so you look good there.

However your current income may get you a low limit 

Question with 5 INQ's this year and only 1 TL what were the others for and I'm just assuming they ended in denial but I could be wrong? 

Please elaborate

[CredittotheMax]

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@Anonymous wrote:

Hello Everyone,

I just started building my credit about a year ago. I only have two credits cards so far (One from Discover 800$ limit) and from Victoria Secret (450$ limit). I have no negative information on my credit report.

I recently recieved a pre-approval offer from Chase for their freedom Card. What are the odds that I might get approved?

PS. I'm still in college and living with my parents (no rent) and have a 8,000$ annual income

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Your chances are pretty good since you're in the same situation as me. I had 1 yr of credit history, 10k annual income, full-time student, 6 inquires, and no baddies when I got my approved for 2k credit limit. Also, I never got a pre-approval letter from chase or any other companies.

[vygotsky]

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@Anonymous wrote:

I had the discover since September 2012 and got the VS in February 2013. I have a total of 5 inquiries on my report for the last year

I have no other loans/ mortgage/ credit card to my name.

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I have had my Discover for 6 months ($500) with no other TLs "loans/ mortgage/ credit card" and no baddies on my CR and got approved for Freedom recently after reciving the preapproval letter so your chances are VERY good during this holiday season.

[hot4u]

Odds are Good.

If you get a message they need time I would call Recon.

Chase is Awesome with Recon - Have the attitiude you want to start  History with them. A low limit is better than a waisted HP.