SOUTHWEST CREDIT CARD....yes sorry another thread on this

[Revelate]

We know Chase loosened their underwriting standards in June last year. I have not seen many if any SW card stories after that but I may have missed some.

 Beyond the open collection which is nearly paid, the OP already has 3 years of positive history.

Admittedly it's not a guaranteed approval but I think I could easily sell that story on recon if needed. There are folks with serious mixed files getting approved these days for a CSP and I suspect the UW criteria there is still higher than the SW card.

Personally if I didn't have anything major coming up within a year credit wise and wanted the tradeline, I would take the shot as soon as the collection reported paid and though It would likely not be an instant approval and I would expect to have to chat with an analyst.  Chase current recon policy is legendary.

[dddfresh]

My cap1 is 5 years old. I talked to the CEO assistant two days ago and asked for a Cli and rewards card and to remove my annual fees...I was charged my annual fee today, did not get a cli, but now rewards miles showed up on my account. Odd

[ryanbush]

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@Revelate wrote:

We know Chase loosened their underwriting standards in June last year. I have not seen many if any SW card stories after that but I may have missed some.

 Beyond the open collection which is nearly paid, the OP already has 3 years of positive history.

Admittedly it's not a guaranteed approval but I think I could easily sell that story on recon of needed. There are folks with serious mixed files getting approved these days for a CSP and I suspect the UW criteria there is still higher than the SW card.

Personally if I didn't have anything major coming up within a year credit wise and wanted the tradeline, I would take the shot as soon as he collection reported paid and though It would not be an instant approval and I would expect to have to chat with an analyst.  Chase current recon policy is legendary.

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Good post,

I would at least advise the OP to have the c/o showing as PAID before apping, and recon more than once if needed... I had to recon twice for my CSP and it was the second time I had applied 

Also get your utilization down below 20% before you apply and try not to have a balance on more than 2-3 cards

if you have a balance on all of your cards or high utilization you are shooting yourself in the foot on the recon.

[stormb28]

To the user with the $17k repo balance, they didnt come after you? They can renew the SOL cant they? O was in the same predictament, $24k repo balance, I filed BK though because they started procedure to renew SOL 4 months before the SOL was set to expire.

[dodgeball]

Ryan whats your credit score look like to obtain that CSP, hopefully my next and last card.

[Revelate]

I got a Freedom, it's their starter card now and basically same UW as the old Discover More. 640 FICO and a year of positive revolving history as a minimum. That was the change in 6/12 before it was higher.

Slate isn't a popular card on these forums with all our pontificating about never carrying a balance and the Freedom being otherwise completely better.

[ryanbush]

my pull from AMEX 2 weeks before was 715 and they both pulled EXP so I'm assuming it was the same

[ryanbush]

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@Credit314 wrote:

Ryan I'm not so sure as how you can say you assure someone that chase won't give them a cc with a degro on their credit report. Not only did I get approved for a 4k limit back in Nov of last year with a 17k repo I'm sure its safe to say many other's have gotten approved with degro's on their reports as well.YMMV.

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I didn't say that you couldn't get a Chase card with a derrog, I said you couldn't get it with an OPEN derrog.

It's hard enough to get a Chase card with a past derrog, it's almost impossible to get one with an OPEN derrog, especially a OPEN charge off