What are my Chances of getting in with Chase?

[Credit_hawk]

Hey guys,

Curious to get opinions on if I should apply to Chase and if so what my chances are of getting in. This past week I've been sent 3 pre-approved offers by them for Freedom card and two for Slate. My FICO is in the signature. My biggest problem is my oldest account is only a year and I just got my Discover card in June. 

Should I leave it alone and get more time under my belt or go for it?

[Anonymous]

Based on the info you gave, I'd definitely suggest going for Freedom.  

[Anonymous]

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@Credit_hawk wrote:

Hey guys,

Curious to get opinions on if I should apply to Chase and if so what my chances are of getting in. This past week I've been sent 3 pre-approved offers by them for Freedom card and two others. My FICO is in the signature. My biggest problem is my oldest account is only a year and I just got my Discover card in June. 

Should I leave it alone and get more time under my belt or go for it?

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What are your current CL's? Sounds like you'd get in, but the potential issue with Chase is that if you get a low CL it's not quick or easy to get it increased. Not sure what your needs or wants are. 

There is a 5/24 rule that's relatively new for chase. They don't want to see more than 5 new tradelines in 24 months for their own cards (Freedom and CSP...and maybe Slate). So if you want a Freedom and are on an edge where it's now or not for several years, maybe that be a consideration. You could app for Freedom and a co-branded card like a hotel or airline card from them and have it potentially get it on the same pull and possibly (likely?) get a higher CL on the co-branded. 

[Credit_hawk]

Thanks for the replies! I just checked and the other two pre-approved offers were for Slate card.

[FinStar]

Has that Chase charge-off been satisified?  If not, regardless of amount and what may have happened when you were 18, it may or may not surface when you apply since Chase can have a long memory on any previous negative accounts.  If your application is declined, then you may be blacklisted.  Only way to know for sure is when you decide to apply.

[Imperfectfuture]

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@Anonymous wrote:

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@Credit_hawk wrote:

Hey guys,

Curious to get opinions on if I should apply to Chase and if so what my chances are of getting in. This past week I've been sent 3 pre-approved offers by them for Freedom card and two others. My FICO is in the signature. My biggest problem is my oldest account is only a year and I just got my Discover card in June. 

Should I leave it alone and get more time under my belt or go for it?

---

What are your current CL's? Sounds like you'd get in, but the potential issue with Chase is that if you get a low CL it's not quick or easy to get it increased. Not sure what your needs or wants are. 

There is a 5/24 rule that's relatively new for chase. They don't want to see more than 5 new tradelines in 24 months for their own cards (Freedom and CSP...and maybe Slate). So if you want a Freedom and are on an edge where it's now or not for several years, maybe that be a consideration. You could app for Freedom and a co-branded card like a hotel or airline card from them and have it potentially get it on the same pull and possibly (likely?) get a higher CL on the co-branded. 

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I got my CL raised immediately on Freedom, HP and transfer some limit.  If you have room in your profile, they will give a credit limit increase for HP.

[Anonymous]

I was in a same situation last year. I applied for Chase freedom and was approved for 10000$. Keep your util low before you apply.