Chase Accounts

[Anonymous]

Is there any benefit to opening a checkings/ savings account with them before applying for cards?

[Remedios]

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@Anonymous wrote:

Is there any benefit to opening a checkings/ savings account with them before applying for cards?

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If your profile supports it, just apply for a card.  

It works for some people because they may get "Just for you" offers, but plenty of people who are long term customers never get them, so mixed bag at best 

Based on your previous thread, checking/savings wont really help you much at this point in time 

You got some good advice here https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-to-do-next/td-p/5656393

Stay with it and be patient 

[coreysw12]

From what I've seen others report, as well as my own experiences, it seems that having 10+ year old Chase bank accounts can definitely help with Chase CC approvals. But young checking accounts are most likely ignored. If you were to open a new checking account and try for a credit card in the same year, it's doubtful that the checking account would play any part in the credit card approval.

[Anonymous]

Thanks I was just thinking it would be easier to start the relationship on a non-credit note.

I did receive some good advice in the other thread it was a bit conflicting though, I’ve also heard from other sources to stay away from installment loans soo who to listen to on that note?

[SouthJamaica]

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@Anonymous wrote:
Thanks I was just thinking it would be easier to start the relationship on a non-credit note.

I did receive some good advice in the other thread it was a bit conflicting though, I’ve also heard from other sources to stay away from installment loans soo who to listen to on that note?

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Just listen to us.

Ask your question.

[ibebarrett]

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@Anonymous wrote:

Is there any benefit to opening a checkings/ savings account with them before applying for cards?

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@coreysw12 brings up a good point about new checking accounts, I actually had this confirmed by a banker who said they are not truly considered until 35 days from opening so they can review transactions/deposits. That being said, I didn't have any preapprovals on the website, but when I opened an account and deposited $100 I got preapprovals for both freedoms and CSP, but decided to wait(This was before I knew about the 35 days anyway). I finally cold apped in bank for FU about 3 weeks after opening checking/savings accounts and was instantly approved despite the banker saying it would probably be a wait.

Fast forward a few months....my girlfriend got pushed into a Chase denial black hole where not a single department/banker/escalations officer could determine why she was denied....opened a checking account and was showing preapprovals before even depositing money. The banker at that point informed us of the 35 day thing and recommended that she wait to apply until after that period.

Hope this helps!

[Anonymous]

That’s exactly what I was wondering; if it opens the doors for pre approval, I’ve got a few months for my score to recover just planning ahead so that should be enough time to get my foot in the door.

I’m thinking if I do go the personal loan route I’ll just go traditional backed by a cd on my own and bypass the middleman.

[Anonymous]

The only benefit that i can think of is the green checkmarks, making it easier to tell if you're qualified. 

And of course the $200 SUB for opening a Total Checking Account, though that can be aquired at any time they're running a promo.

I cold apped for the CSP this time last year and was instantly approved, no prior Chase relationship.  Just recently opend a Checking account for them last Month. So they can be done in any order. Your profile simply has to support the criteria for whatver card you're going for, and be under 5/24.

[ibebarrett]

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@Anonymous wrote:
That’s exactly what I was wondering; if it opens the doors for pre approval, I’ve got a few months for my score to recover just planning ahead so that should be enough time to get my foot in the door.

I’m thinking if I do go the personal loan route I’ll just go traditional backed by a cd on my own and bypass the middleman.

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If you're planning ahead, I say go for it! It never hurts, and Chase has easy requirements to avoid fees for total checking/saving. Word of advice, the $200 SUB is great, but the website has a hidden offer here of $600 for total that you can sign up for with your email and they'll email you a code you can use in branch. Not sure if admins will allow the link, but if not you can probably find it on google pretty easily!