building a relationship with chase before applying?

[Pway]

Chase can be a tough cookie.  Back when I had excellent credit and with money in the bank they would always deny me for their cards.  Having a relationship with them prior to applying for a credit card in my opinion does not matter.

[Anonymous]

College student with no credit history at all; app'd for a Freedom card as my first card, but was denied. Reconned and they saw that I had banked with them for two years and gave me a $500 limit! 

[Anonymous]

Personally, I feel like having an existing account with Chase does help. My wife and I opened a joint checking account together in 05/14, we moved to Sin city in August 2014 and within less than 30 days time frame chase gave me all Freesom/Slte/Sapphire Preferres. Granted my scores weren't that great imo. However they used their own internal scores (Exp Acquisition Risk Score) and it was somewhat similar to Exp Pls score when it was available not the FICO score.

i got approved its the scores 745, 715, 722

if I was you I def would open. chase checking account and get through the door that way

[Anonymous]

lol I hate typing on the iPad i swear. 

[takeshi74]

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@Cookie2120987 wrote:
my question regarding this is does having that relationship ACTUALLY help when trying to get I the door with there credit cards?

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It may help (probably more so with CPC customers than regular customers with relatively tiny deposits) but relationship will never overrule one's credit and IMO far too many here expect to rely on it with various creditors.  I'd say don't count on it but if you're planning to open accounts with them anyway then you might as well proceed.

We can't tell you for certain as we are not Chase underwriters and we are not privy to such information.  We can only speculate on anecdotal and aggregated anecdotal evidence which isn't always a reliable approach to understanding something.  I was instantly approved for a pair of $25K cards within a day of each other with no relationship with Chase.  Almost none of my approvals have come with prior relationship with any creditor.  However, that doesn't really conclusively indicate anything one way or another.

Why focus on the unknowns when there are known factors that definitely matter such as:

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

Chase's internal assessment system isn't exactly the same but it's more useful than counting on relationship IMO.

[Anonymous]

I can't speak from experience with Chase, as there are no Chase branches where I live. But my take on it is that having that relationship with them probably does help, even if just a little bit. If they are using any type of internal scoring and you have an account with them in good standing that has always been in good standing, they may be more willing to extend credit to you. In my personal experience with my credit union, when I applied for a credit card (I already have my checking, savings and a vehicle loan through them), the CSR specifically mentioned while looking through my application info that I have the loan with them that has been in good standing since it was opened. So the fact that they can see how you've managed a relationship with them personally might be taken into account when you do apply for credit. This of course will vary by person and bank, but I personally think it can help. 

With that being said, the Chase prequalifier is pretty solid. If you're wanting to get in the door with Chase, I would try the prequalifier first and see if you're pre-approved for anything. If you are, then you can make the decision from there as to whether you want to open that checking account with them, or continue to bank with your credit union. 

[Kirmie2010]

Ive never seen any actual proof or paperwork from chase or anyone online to indicate having a checking or savings account making any difference in applying for a credit card.

Unless their auto underwriter checks to see if you have a checking account with them internally and adds a +10 to your overall internal score, which seems unlikely.  its not pulled from your reports I dont believe, so if at all, itd have to be an internal thing they do.

Ive seen alot of people say that getting a checking account was the key to getting a chase credit card but we will never know if they had no checking account and applied if it would of gone through.  

So thats kinda moot to say unless you know you were denied 10 minutes before your checking account was active and re applied right after and were approved.

I know the prequal will auto decline for some things but if credit is good enough a recon by a person will probably get ya the card. (ive never yet been pre approved on any site other than a BofA secured card (that I dont want) and Ive applied right after the prequals said no and was approved)

Soooo imho, it makes no difference at all if you have a checking account or not.

*edit*

When I clicked reply didnt realize it already had so many replies

[Anonymous]

I didn't have any relationship with chase when I applied for the freedom and was approved back in May '14,  I was just recently approved for my 6th Card with Chase.  

[Anonymous]

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@Anonymous wrote:

People seem to be making a bit of a logical error here.

The OP is hypothesizing that if you have a preexisting relationship with Chase that you are more likely to get approved. People posting Chase approvals that they've had without a preexisting relationship doesn't disprove or even weaken his original hypothesis. This is a logical fallacy -- namely denying the antecedent. To clear this up, here's an analogy.

Assume the following: If your name is Jonathan you are likely to be male. By almost everyone's logic who has posted so far, that means if your name is not Jonathan you are likely to not be male. I am sure there is no shortage of male myFICO members whose name is not Jonathan.

To the OP, a Chase account will likely help you a little bit, especially if a recon is required. But it is not a sufficient condition, unfortunately. And it certainly isn't a necessary one, as almost everyone so far has been pointing out.

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OK, so good post on logical fallacies, but then, out of the blue, an unsupported assertion!

I would say that the fallacies are on both sides, those who got the card with a Chase bank account seem to assume that that played a big role.      Since people both get cards and get denied,  and in both cases some have Chase accounts and some don't, we don't really have anything like evidence one way or another.   

[Anonymous]

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@Anonymous wrote:

lol I hate typing on the iPad i swear. 

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I hate it, too!  I am constantly having to edit my posts.