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(Success!) What should my next steps be

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ksantangelo23
Frequent Contributor
‎12-17-2013 03:56 PM
‎12-17-2013 03:56 PM

Re: What should my next steps be

@Themanwhocan wrote:
@ksantangelo23 wrote:

I'm just not sold on the Sallie Mae card. Being another MasterCard doesnt make it any more desirable either.

 

I think the hit I would take to my true AAoA, plus another inquriy would not be worth the ~$35 savings I calculated I would get with it on groceries+gas (being their quarterly cap is 250 per category.) Freedom would give me that, and more.  

 

I would be FREE!... sorry, bad pun.

 

 

Chase AMEX Discover

 

Jan - March:   5% Gas 6% Gro

April - June:    3% Gas 6% Gro

July -   Sept:   5% Gas 5% Gas 6% Gro

Oct -     Dec:   5% Amazon 5% Online 3% Gas 1% Gro

 

 

 

 

The only question for me is when to re-apply.

Sallie Mae caps are monthly caps, not quarterly.

Right. My mistake with a typeo. I meant monthly.

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 21 of 31
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ksantangelo23
Frequent Contributor
‎12-18-2013 06:52 AM
‎12-18-2013 06:52 AM

Re: What should my next steps be

Ok, well I decided to hold off from even the Freedom card for quite a while.

 

Doing a little more research I'm reading that others are getting denied due to "Length of credit history" and AAoA not being long enough at over 1 year. My AAoA is barely ~2 months.

 

I may grab a Barclays card to boost my total credit limit and put my TU CR to use. Not entirely sure yet.

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 22 of 31
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ksantangelo23
Frequent Contributor
‎12-18-2013 09:52 AM
‎12-18-2013 09:52 AM

Re: What should my next steps be

I contacted PNC via secure message, and selected "Request a Co-applicant".

 

I asked if adding someone as a co-applicant would backdate in the same way that authorized users do, and display that person as a Joint Applicant from the date of opening on a credit report.  (PNC Card was opened in 2006)

 

Im not sure about it, but no harm in asking. And maybe Chase would consider it part of my history instead of overlooking it.

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 23 of 31
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Themanwhocan
Senior Contributor
‎12-18-2013 04:13 PM
‎12-18-2013 04:13 PM

Re: What should my next steps be

@ksantangelo23 wrote:

Ok, well I decided to hold off from even the Freedom card for quite a while.

 

Doing a little more research I'm reading that others are getting denied due to "Length of credit history" and AAoA not being long enough at over 1 year. My AAoA is barely ~2 months.

 

I may grab a Barclays card to boost my total credit limit and put my TU CR to use. Not entirely sure yet.

Sallie Mae Rewards would help a bit with the Groceries and Gas, which you mentioned in the original post.

 

Or just get a second BCP card, I suppose.





TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752    
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800
Message 24 of 31
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ksantangelo23
Frequent Contributor
‎01-03-2014 07:09 AM
‎01-03-2014 07:09 AM

Re: What should my next steps be

Ok, I applied for the Freedom again and got the 10 day message. Not 7 - 10 days, just 10. *shrug*

 

Im going to call in tomorrow evening, though I'm feeling a little nervous about calling for the third time after two recon attempts on my first application. Good news is that they pulled my TU report, and my CS FAKO on there bumped up to 808 (signature now out of date), though im not willing to pay for a refreshed TU FICO - either way im at least happy they pulled my best report.

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 25 of 31
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Involver
Valued Contributor
‎01-03-2014 07:22 AM
‎01-03-2014 07:22 AM

Re: What should my next steps be

So I'm guessing that PNC did backdate the AU accounts as your AAoA in your signature is significantly higher than what you put previously in this thread.  With the AAoA of roughly 3? months now (Chase not taking into account the AU accounts with other lenders), that is likely why you got a 10 day.  From what I've generally read Chase likes to see at least 6 months of use on your own cards before considering apps.  It never hurts to recon though Smiley Happy

Message 26 of 31
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Themanwhocan
Senior Contributor
‎01-03-2014 05:59 PM
‎01-03-2014 05:59 PM

Re: What should my next steps be

Good Luck.

 

BTW my AAOA when I applied for a Chase Freedom was exactly... 8 months. They gave me a Visa Signature card Smiley Wink

 

That was on 11/20/13





TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752    
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800
Message 27 of 31
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Chitown2newyk
Valued Member
‎01-03-2014 06:36 PM
‎01-03-2014 06:36 PM

Re: What should my next steps be

Good luck.

Credit score - 721 TU (lender pulled 5/21/13), EQ - 736 (MyFico pulled on 7/03/13), EX - 721 (MyFico pulled on 9/07/13) Goal - 780 *Garden* until May 2014 when 5 baddies age to 4.5 yrs. Then prime card app spree!

Cards wanted: Amex gold, CSP, and BCP


Message 28 of 31
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ksantangelo23
Frequent Contributor
‎01-15-2014 04:17 PM
‎01-15-2014 04:17 PM

Re: What should my next steps be

It been a while since I posted on this thread.

 

After being denied just four months ago due to limited credit history, having no luck with two recons, trying again with less than 2 months of a true AAoA (knowing that Chase prefers at least 12 months, minus AU accounts), then getting a full 10 day message rather than a 7 - 10, it seemed like a nail in the coffin. I was discouraged.

 

I decided to wait for the hard mail and today I got it, but threw it on the table right away. It was very flexible, and thin as a leaf! I knew there was no card inside.

 

About 10 minutes later:

"We recently received an application for a CHASE FREEDOM Visa Platinum credit card reflecting your name and social security number. The security of your information is very important to us and we need to confirm that the application is yours. If we can confirm the validity of this request, we will then continue processing your application.

 

Sincerely, Fraud Department"

 

"Platinum" credit card, so a credit limit may have already been determined. But "continue processing" sounded as if it didnt mean good news.

 

 I was very unenthusiastic when answering the questions (the Rep sounded the same way), but after doing so, her tone changed - my tone changed - and I was APPROVED @ $2,000, whoo! Smiley Happy

 

I wonder if I can return the gas I bought today. I need that 5%!

AMEX Hilton Ascend: $55,000 | Chase Sapphire Reserve: $30,000 | PNC Points: $17,500 | AMEX BCE (AU): $18,000 | AMEX BCP: $15,000 | US Bank Cash+ $15,000 | AMEX Business Prime: $14,000 | AMEX SimplyCash: $12,000 | Capital One QS: $13,500 | Chase Business Ink: $12,000 | PNC Everyday (AU): $12,000 | JCPenny Store Card: $10,500 | Chase Slate: $9,400 | Capital One QS: $6,500 | (2nd) US Bank Cash+ (2nd): $7,500 | Discover IT: $6,000 | Chase Freedom: $3,500 | Auto Lease: $0/$21,000 | Auto Loan: $0/$18,000 |

TU: 818 EX: 809 EQ: 801

Message 29 of 31
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Anonymous
Not applicable
‎01-15-2014 05:00 PM
‎01-15-2014 05:00 PM

Re: What should my next steps be

Congrats! Be sure to update with how returning the gas works out

Message 30 of 31
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