@Anonymous wrote:
IMO, a prequal isn't really needed for people above 720 and obviously if under 5/24 with Chase. I belive that prequals are meant for people without strong profiles and lower scores who are uncertain of their credit. Barring any negatives or aggressive credit seeking a person should'nt have any issues being approved at 720 or higher. Heck I see a lot of approvals in the mid 600 range.
I'm not saying a person with 775 can't be denied or hasn't been, anything can happen, it's just less likely to happen given normal behaviors.
And I realize some people want that certain clarity a prequal might give them before proceeding, but nothing is ever guaranteed nor are one's chances 100%.
I'm not sure how much time you spend in approvals, but Chase isn't particularly score sensitive, nor there is any significance to 720 (or any other number).
Utilization, age of credit, and recency of new accounts is by far more important to them.
@Beast26 application is not a "risk".
It's a normal cycle, you apply, they decide. While stars, check marks etc might provide a bit of assurance, it's still not a done deal because if there are any significant changes from the time Chase did a soft pull that the pre-approval is based on, to the time you apply, you can still get denied.
If you have no recent negatives (under two years for lates, a bit longer for COs), and your utilization is in check, apply.
Fearing HPs is like being afraid of crossing the street, resulting in you never leaving the house while waiting for new and improvement crosswalks...might be tomorrow or not in your lifetime.
Go for the card you want, and should it result in denial (hopefully not), at least the AA letter would tell you what you need to work on if this card is beneficial and important to you.
